About this pair
MXN/RUB: what to know
The MXN/RUB rate shows how much RUB you get for 1 MXN. Right now, 1 MXN buys 4.9668 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.2013 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while RUB responds to oil and gas prices and sanctions.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.