HKD/MXN: what to know
The HKD/MXN rate shows how much MXN you get for 1 HKD. Right now, 1 HKD buys 2.1665 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.4616 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while MXN responds to the US economy and capital flows.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. 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 HKD/MXN rate has ranged between 2.1535 and 2.3984 — a change of -8.50% 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.