RON/MXN: what to know
The RON/MXN rate shows how much MXN you get for 1 RON. Right now, 1 RON buys 3.7466 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.2669 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while MXN responds to the US economy and capital flows.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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 RON/MXN rate has ranged between 3.7339 and 4.2806 — a change of -12.29% 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.