MXN/AUD: what to know
The MXN/AUD rate shows how much AUD you get for 1 MXN. Right now, 1 MXN buys 0.0822 AUD at the mid-market rate. In the other direction, 1 AUD is worth 12.1715 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while AUD responds to commodity prices and Chinese demand.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the MXN/AUD rate has ranged between 0.0792 and 0.0846 — a change of +0.94% 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.