In the currency pair MXN/JPY the first currency to consider is MXN and second currency JPY , which means that we want to know how many JPY are needed to buy one MXN. The current price is 7.54170.
In this currency pair, we find that the base currency (which can also be referred to as the transaction currency) is the MXN and the JPY has the denomination of quote currency or counter currency.
Analyzing the evolution of the price in the last hours we can observe that the maximum price that this pair has reached has been 7.59610 while the minimum price has been 7.53770 with a percentage variation of -0.56000% due to the difference of -0.04260.