MXN/CNY: what to know
The MXN/CNY rate shows how much CNY you get for 1 MXN. Right now, 1 MXN buys 0.3951 CNY at the mid-market rate. In the other direction, 1 CNY is worth 2.5313 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while CNY responds to PBoC decisions and Chinese growth.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the MXN/CNY rate has ranged between 0.3820 and 0.4050 — a change of +2.77% 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.