The currency converter used here is provided by Xenon Laboratories Incorporated. The rate returned is an indication rate only and will be slightly different from the actual rate that you receive through your credit card provider. The actual currency transaction will, explicitly or implicitly, include their service charges.
Xenon obtain their rates from a variety of sources. The primary sources are live, real-time rate feeds containing data from foreign exchange markets all around the world. Because it's always daytime somewhere in the world, there is a good chance that a currency market somewhere is currently trading. Since the feed is global, this means that a currency's rate can be updated even when the markets of its home country are closed.
Using live rates, Xenon calculate a time-weighted average for use in their services. The rates always include the latest market currency rates, and are composed weighted towards market data in the last fifteen minutes. This mechanism, along with highly advanced logic for detecting mistakes in the feeds, ensures that the rates closely follow the market while minimizing the effect of anomalous trades.
The Mexican Hammock Company has been supporting smaller producer groups in Mexico for more than 30 years and is an important outlet for many small Mexican enterprises. We believe in the concept of development through small scale trade and communal, worker owned, ventures in regions of high unemployment and relative poverty.