About this pair
MXN/CNH: what to know
The MXN/CNH rate shows how much CNH you get for 1 MXN. Right now, 1 MXN buys 0.3952 CNH at the mid-market rate. In the other direction, 1 CNH is worth 2.5306 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while CNH responds to sentiment toward China and offshore flows.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.