Will the ECB reference rate for USD/MXN on 20 November be at or above 18.60?

How it settles

Yes

The euro reference rates the ECB publishes for 2026-11-20 give USD/MXN at or above 18.60, computed as the MXN rate divided by the USD rate, to four decimal places.

No

The euro reference rates the ECB publishes for 2026-11-20 give USD/MXN on the other side of 18.60.

Void

Void if the ECB publishes no reference rate for that day (a TARGET holiday), or if either currency is missing from the day's list. Missing data is never read as No.

Source

European Central Bank, via Frankfurter