Convert Mexican Peso to South Korean Won
MXN to KRW Exchange Rate Calculator
1 Mexican Peso (MXN) = 87.7800 South Korean Won (KRW) at the live mid-market rate. That means $100 MXN converts to roughly 8,778.00 KRW, and $1,000 MXN converts to about 87,780.00 KRW. The MXN/KRW rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day MXN/KRW context
Over the past 90 days, MXN/KRW has traded between 83.2100 and 87.7800. The current rate of 87.7800 sits roughly 100% through that range — near the upper end, meaning South Korean Won has been weaker than typical against Mexican Peso recently. Versus the rate 90 days ago, Mexican Peso has strengthened by 5.16% against South Korean Won.
MXN/KRW Price History
Interactive MXN/KRW exchange rate chart with 7-day, 30-day, and 90-day views.
About Mexican Peso (MXN)
The Mexican Peso (MXN) is the official currency of Mexico and the most-traded currency in Latin America. Nicknamed "the Mex" among FX traders, MXN benefits from high real yields and deep onshore liquidity, making it a perennial favourite in emerging-market carry trade strategies.
- •Most-traded emerging-market currency in the Americas
- •Banxico (Bank of Mexico) targets 3% CPI inflation (±1%)
- •Remittances from the US to Mexico exceeded $63 billion in 2024
- •USMCA (formerly NAFTA) links Mexico deeply to US trade
- •The "$" symbol originated with the Spanish peso before being adopted by the US Dollar
About South Korean Won (KRW)
The South Korean Won (KRW) is the official currency of South Korea, managed by the Bank of Korea. KRW reflects one of Asia's most export-oriented, technology-driven economies — semiconductor cycles (Samsung, SK Hynix) and global risk appetite are the dominant drivers.
- •South Korea is the world's 10th-largest economy by nominal GDP
- •Bank of Korea targets 2% CPI inflation
- •KRW is not deliverable offshore — trades mainly through NDF (non-deliverable forward) markets
- •Samsung and SK Hynix alone account for a large share of Korean exports
- •South Korea holds the world's ninth-largest FX reserves
Frequently Asked Questions
When is MXN/KRW most liquid?
Liquidity is deepest during the Tokyo and Hong Kong sessions (00:00–08:00 UTC) when KRW markets are open. Spreads widen noticeably during the New York afternoon and Asian public holidays.
What is a typical daily range for MXN/KRW?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move MXN/KRW the most?
The biggest scheduled catalysts are Banxico decisions and US-Mexico trade headlines and Bank of Korea decisions and Korean semiconductor export data. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert MXN to KRW at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market MXN/KRW than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the MXN/KRW rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market MXN/KRW rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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More on MXN and KRW
Country money guides, key terms, rate history, and articles related to MXN/KRW.
Country guides
Glossary
- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Mid-Market RateThe mid-market rate is the midpoint between the buy (bid) and sell (ask) price of a curren…
Rate history
- USD/KRW historyUSD/KRW is one of Asia's most-traded emerging-market currency pairs — heavily linked to Korean technology exports (Samsung, SK Hynix, Hyundai), semiconductor cycles, and global risk sentiment
- USD/MXN historyUSD/MXN is the world's most-traded emerging-market currency pair, dominated by the US-Mexico economic relationship — over 80% of Mexican exports go to the US under USMCA
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Exchange rates refresh hourly · Sourced from institutional-grade data providers