MXN/CAD: what to know
The MXN/CAD rate shows how much CAD you get for 1 MXN. Right now, 1 MXN buys 0.0817 CAD at the mid-market rate. In the other direction, 1 CAD is worth 12.2429 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while CAD responds to oil prices and the US economy.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the MXN/CAD rate has ranged between 0.0749 and 0.0819 — a change of +8.52% 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.