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Exchange Rate Calculator

Convert between currencies and track historical exchange rates

Amount

KRW

365.65 KRW

Exchange Rate

as of July 05, 2025 at 7:13 AM

MXN 1 MXN = KRW 73.13 KRW

Market analysis of MXN to KRW currency exchange rates

Analysis as of April 2025

Over the past six months, the exchange rate between the Mexican Peso (MXN) and the South Korean Won (KRW) has exhibited notable fluctuations, reflecting the dynamic economic landscapes of both nations. Understanding these trends is crucial for businesses, investors, and policymakers engaged in bilateral trade and investment activities.

Recent Exchange Rate Trends

From December 30, 2024, to June 27, 2025, the MXN/KRW exchange rate experienced a range of movements:

  • Highest Rate: On April 25, 2025, the exchange rate peaked at 73.743 KRW per 1 MXN.

  • Lowest Rate: The lowest point was recorded on January 27, 2025, at 69.163 KRW per 1 MXN.

  • Average Rate: Over this period, the average exchange rate was approximately 71.432 KRW per 1 MXN.

These figures indicate a general strengthening of the Mexican Peso against the South Korean Won during the first half of 2025. (exchange-rates.org)

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 rates, inflation, and interest rates between Mexico and South Korea can influence currency valuations. 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 dynamics between the two countries affect currency demand. A trade surplus in Mexico's favor would increase demand for the Peso, potentially strengthening it against the Won.

  3. Monetary Policies: Decisions by the central banks of Mexico and South Korea regarding interest rates and monetary policies can lead to capital flows that impact exchange rates.

  4. Global Economic Events: External factors such as changes in commodity prices, global financial market trends, and geopolitical events can also play significant roles in currency fluctuations.

Implications for Stakeholders

Understanding the MXN/KRW exchange rate trends is vital for various stakeholders:

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

  • Investors: Currency fluctuations can impact the returns on investments denominated in foreign currencies. Investors should consider exchange rate trends when making investment decisions.

  • Policymakers: Governments and central banks may adjust policies to stabilize the currency and promote economic stability.

Conclusion

The MXN/KRW exchange rate has shown significant variability over the past six months, influenced by a complex interplay of economic indicators, trade balances, monetary policies, and global events. Stakeholders should remain vigilant and consider these factors when making decisions related to trade, investment, and economic policy.