MXN/TRY: what to know
The MXN/TRY rate shows how much TRY you get for 1 MXN. Right now, 1 MXN buys 2.8403 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.3521 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while TRY responds to high inflation and central-bank policy.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
Over the past 12 months the MXN/TRY rate has ranged between 2.2410 and 2.8706 — a change of +27.66% 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.