SEK/MXN: what to know
The SEK/MXN rate shows how much MXN you get for 1 SEK. Right now, 1 SEK buys 1.7590 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.5685 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while MXN responds to the US economy and capital flows.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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 SEK/MXN rate has ranged between 1.7535 and 1.9858 — a change of -11.70% 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.