N.M. Stat. § 39-4C-6
Determining amount of the money of certain contract
claims.
A. If an amount contracted to be paid in a foreign money is measured by a specified
amount of a different money, the amount to be paid is determined on the conversion
date.
B. If an amount contracted to be paid in a foreign money is to be measured by a
different money at the rate of exchange prevailing on a date before default, that rate of
exchange applies only to payments made within a reasonable time after default, not
exceeding thirty days. Thereafter, conversion is made at the bank-offered spot rate on
the conversion date.
C. A monetary claim is neither usurious nor unconscionable because the agreement
on which it is based provides that the amount of the debtor's obligation to be paid in the
debtor's money, when received by the creditor, must equal a specified amount of the
foreign money of the country of the creditor. If, because of unexcused delay in payment
of a judgment or award, the amount received by the creditor does not equal the amount
of the foreign money specified in the agreement, the court or arbitrator shall amend the
judgment or award accordingly.