To analyze the currency pair MXN/NZD we must take into account that we compare the value of MXN with that of NZD assuming this 0.08946 NZD is needed to buy a MXN.
In this currency pair, we find that the base currency (which can also be referred to as the transaction currency) is the MXN therefore the counter or quote currency is NZD.
The value of this currency pair has been changing in the last hours and the data it has left us has been a minimum price of 0.08908 and a maximum price of 0.08961 so with a variation of -0.00040, we have a percentage variation of -0.44000%.