KRW/MXN: what to know
The KRW/MXN rate shows how much MXN you get for 1 KRW. Right now, 1 KRW buys 0.0126 MXN at the mid-market rate. In the other direction, 1 MXN is worth 79.2038 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while MXN responds to the US economy and capital flows.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. 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 KRW/MXN rate has ranged between 0.0112 and 0.0133 — a change of -5.11% 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.