CNY/MXN: what to know
The CNY/MXN rate shows how much MXN you get for 1 CNY. Right now, 1 CNY buys 2.5295 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.3953 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while MXN responds to the US economy and capital flows.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the CNY/MXN rate has ranged between 2.4691 and 2.6178 — a change of -2.69% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.