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Exchange Rate Calculator

Convert between currencies and track historical exchange rates

Amount

KRW

72,140.56 KRW

Exchange Rate

as of June 17, 2025 at 12:19 AM

MXN 1 MXN = KRW 72.14 KRW

Market analysis of MXN to KRW currency exchange rates

Analysis as of April 2025

The exchange rate between the Mexican Peso (MXN) and the South Korean Won (KRW) has experienced notable fluctuations over the past several months. This report provides an analysis of the MXN/KRW exchange rate trends, key influencing factors, and potential implications for stakeholders.

Recent Exchange Rate Trends

As of June 3, 2025, the MXN/KRW exchange rate stands at approximately 72.19 KRW per 1 MXN. Over the past six months, the exchange rate has exhibited both upward and downward movements. In January 2025, the rate peaked at 71.981 KRW on January 6 and dipped to a low of 69.163 KRW on January 27. (exchange-rates.org) By March 28, 2025, the rate had risen to 72.19 KRW, indicating a general strengthening of the Mexican Peso against the South Korean Won during this period. (investing.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the MXN/KRW exchange rate:

  1. Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between Mexico and South Korea can impact their respective currencies' strength. For instance, if Mexico's economy grows at a faster pace than South Korea's, the Peso may appreciate against the Won.

  2. Trade Balances: The trade relationship between the two countries influences currency demand. A trade surplus in Mexico with South Korea would increase demand for the Peso, potentially strengthening it against the Won.

  3. Global Market Sentiment: Investor perceptions and risk appetite can lead to capital flows that affect exchange rates. During periods of global economic uncertainty, investors might favor one currency over the other, leading to fluctuations.

  4. Central Bank Policies: Decisions by the Bank of Mexico and the Bank of Korea regarding interest rates and monetary policies directly influence currency valuations. For example, an interest rate hike in Mexico could attract foreign investment, boosting the Peso's value.

Implications for Stakeholders

Understanding the dynamics of the MXN/KRW exchange rate is crucial for various stakeholders:

  • Businesses: Companies engaged in trade between Mexico and South Korea need to monitor exchange rate trends to manage costs and pricing strategies effectively.

  • Investors: Currency fluctuations can impact the returns on investments denominated in either currency. Investors should consider exchange rate trends when making portfolio decisions.

  • Travelers: Individuals traveling between the two countries should be aware of exchange rate movements to budget appropriately and optimize currency exchanges.

Conclusion

The MXN/KRW exchange rate has shown variability over the past several months, influenced by economic indicators, trade balances, global market sentiment, and central bank policies. Stakeholders should stay informed about these factors to make strategic decisions in their respective domains.