Let's compare currency pair COP/MXN by taking into account the value of COP against the value of MXN , which means that we want to know how many MXN are needed to buy one COP. The current price is 0.00382.
The COP is the base currency or transaction currency in this caseand the MXN acts as a counter currency that can also be referred to as the quote currency.
The lowest price we have seen for this pair in the last few hours was 0.00380 and the highest price was 0.00383 and with these data we discover a variation of 0.00001 or, what is the same, a variation 0.27000%.