MXN/NOK: what to know
The MXN/NOK rate shows how much NOK you get for 1 MXN. Right now, 1 MXN buys 0.5473 NOK at the mid-market rate. In the other direction, 1 NOK is worth 1.8271 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while NOK responds to oil and gas prices.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the MXN/NOK rate has ranged between 0.5291 and 0.5720 — a change of +2.35% 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.