MXN/HKD: what to know
The MXN/HKD rate shows how much HKD you get for 1 MXN. Right now, 1 MXN buys 0.4624 HKD at the mid-market rate. In the other direction, 1 HKD is worth 2.1624 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while HKD responds to its peg to the US dollar.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
Over the past 12 months the MXN/HKD rate has ranged between 0.4169 and 0.4644 — a change of +9.29% 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.