About this pair
RUB/MXN: what to know
The RUB/MXN rate shows how much MXN you get for 1 RUB. Right now, 1 RUB buys 0.2014 MXN at the mid-market rate. In the other direction, 1 MXN is worth 4.9642 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while MXN responds to the US economy and capital flows.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
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.