Term
Exchange rate
The price of one currency in another. USD/MXN 18.40 means one dollar costs 18.40 pesos.
In pesos: A $20 USD subscription at 18.40 is $368 MXN; at 19.00 it becomes $380 MXN for the same thing.
Where to go deeper
1/4 5 min Read What it means when the peso weakens A beginner's guide to how the peso-dollar exchange rate works: who moves it, why it swings, and what it means for your money.Related assets
More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.