MXN/THB: what to know
The MXN/THB rate shows how much THB you get for 1 MXN. Right now, 1 MXN buys 1.9459 THB at the mid-market rate. In the other direction, 1 THB is worth 0.5139 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while THB responds to tourism and trade flows.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
Over the past 12 months the MXN/THB rate has ranged between 1.7275 and 1.9606 — a change of +12.87% 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.