MXN/BTC: what to know
The MXN/BTC rate shows how much BTC you get for 1 MXN. Right now, 1 MXN buys 0.000000761918 BTC at the mid-market rate. In the other direction, 1 BTC is worth 1,312,477.25 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while BTC responds to crypto-market sentiment and liquidity.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The supply is capped at 21 million coins.
Over the past 12 months the MXN/BTC rate has ranged between 0.000000436373 and 0.000000976255 — a change of +63.40% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.