MXN/INR: what to know
The MXN/INR rate shows how much INR you get for 1 MXN. Right now, 1 MXN buys 5.6278 INR at the mid-market rate. In the other direction, 1 INR is worth 0.1777 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while INR responds to oil prices and capital flows.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010.
Over the past 12 months the MXN/INR rate has ranged between 4.7529 and 5.6579 — a change of +17.63% 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.