MXN/EUR: what to know
The MXN/EUR rate shows how much EUR you get for 1 MXN. Right now, 1 MXN buys 0.0508 EUR at the mid-market rate. In the other direction, 1 EUR is worth 19.6853 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while EUR responds to ECB policy and eurozone growth.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the MXN/EUR rate has ranged between 0.0461 and 0.0510 — a change of +9.85% 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.