In the currency pair VEF/MXN the first currency to consider is VEF and second currency MXN , that is, in order to buy a VEF you currently need 4.86270 MXN.
Going into terminology, in this case VEF is the transaction currency or base currency while the MXN is the counter currency or quote currency.
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 4.83670 and a maximum price of 4.87310 , so, speaking in terms of variation, we can say that it has undergone a variation of -0.23000% due to the amount of difference of -0.01140.