GBP/MXN: what to know
The GBP/MXN rate shows how much MXN you get for 1 GBP. Right now, 1 GBP buys 22.9651 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.0435 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while MXN responds to the US economy and capital flows.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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 GBP/MXN rate has ranged between 22.8232 and 25.0760 — a change of -8.48% 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.