About this pair
NOK/MXN: what to know
The NOK/MXN rate shows how much MXN you get for 1 NOK. Right now, 1 NOK buys 1.8271 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.5473 NOK.
In the short term NOK is driven mainly by oil and gas prices, while MXN responds to the US economy and capital flows.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the NOK/MXN rate has ranged between 1.7482 and 1.8899 — a change of -2.30% 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.