The pair of currencies - USD=US dollar, MXN=Mexican Peso - is quoted as 1 USD x MXN. If the pair is trading at 19, it means it takes 19 MXN to buy 1 USD. The higher this rate from a US perspective, the stronger the US dollar to the other currency. The MXN is a free floating currency, so its value isn’t pegged to the USD. The USD to MXN exchange rate was 19.92 on September 17, 2021.
See for yourself how our web-based terminal experience provides the analysis and insight you need—and go beyond with our future-focused tools for stock picking, screening, and charting, including the predictive power of the Zacks Rank.