usd
mxn

USDMXN

1.2345
0.042%
Swap Short
1,94 Points
Swap Long
-8.23 Points
SELL
1.08491
BUY
1.08505
Low: 1.08491
Spread
High: 1.08505
USDMXN Trading Chart
Past performance is not a guarantee or prediction of future performance.
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Closes on
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Volatility
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About USDMXN
USDMXN represents the exchange rate between the US Dollar (USD) and the Mexican Peso (MXN), which is influenced by oil prices and US-Mexico trade relations.
How to Trade USDMXN
To trade USDMXN effectively:
  • 1
    Monitor Oil Prices
    Keep an eye on global oil prices. Since Mexico’s economy is heavily dependent on oil exports, changes in oil prices can significantly affect the Mexican Peso.
  • 2
    Track US-Mexico Relations
    Follow political developments, trade agreements, and tariffs between the US and Mexico, as these can cause fluctuations in USDMXN.
  • 3
    Watch Economic Data
    Stay updated on economic data from both the US and Mexico, including GDP, inflation, and employment figures, which influence the value of the US Dollar and Mexican Peso.
  • 4
    Set Risk Management
    Use stop-loss orders and position sizing to manage risk, especially during volatile times caused by oil price fluctuations or political developments.
USDMXN can experience high volatility due to changes in oil prices or political tensions between the US and Mexico. Stay updated on global and local events.
Key Factors Affecting USDMXN
Several factors influencing USDMXN include:
  • Oil 
    Prices
    Mexico’s economy is sensitive to fluctuations in global oil prices. Rising oil prices tend to strengthen the Mexican Peso, while falling prices weaken it.
  • US-Mexico 
    Trade
    The US is Mexico’s largest trading partner. Trade agreements, tariffs, and political developments between the two countries can have significant impacts on USDMXN.
  • Economic 
    Indicators
    GDP, inflation, and employment data from both the US and Mexico play an important role in shaping the USDMXN exchange rate.
FAQ - USDMXN

USDMXN is influenced by several key factors:

  • U.S. Economic Data and Fed Policy: U.S. economic indicators such as employment reports, inflation, GDP, and Federal Reserve decisions regarding interest rates significantly affect the USDMXN pair.
  • Mexican Economic Data and Banxico Policy: Economic data from Mexico, such as inflation, GDP growth, and employment figures, along with Banxico’s monetary policy decisions, play a crucial role in USDMXN fluctuations.
  • Commodity Prices (especially oil): Mexico’s economy is highly sensitive to commodity prices, especially oil. Changes in global oil prices can lead to significant movements in USDMXN.

There are several benefits to trading USDMXN:

  • Exposure to Emerging Market: Trading USDMXN provides exposure to Mexico’s emerging market economy, which can offer growth opportunities for traders.
  • Commodity Sensitivity: As a commodity-linked pair, USDMXN offers the opportunity to capitalize on shifts in oil prices, which can heavily influence Mexico’s economy and currency.
  • Volatility and Trading Opportunities: USDMXN can experience high volatility due to fluctuations in U.S. and Mexican economic conditions and commodity prices, offering potential trading opportunities.

Traders should be aware of these risks when trading USDMXN:

  • Economic Disruptions in Mexico: Any sudden economic or political instability in Mexico, including changes in government policies or natural disasters, can lead to sharp fluctuations in the USDMXN pair.
  • Commodity Price Volatility: Since Mexico’s economy is heavily influenced by oil prices, sudden changes in oil supply or demand can lead to unexpected movements in USDMXN.
  • U.S.-Mexico Trade Relations: Any major changes in trade agreements or tariffs between the U.S. and Mexico can cause significant volatility in the USDMXN pair.
If you have more questions visit FAQ Page
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. It is important to fully understand the risks involved and seek independent advice if necessary. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. The value of your investment may go down as well as up.

Please review our Legal Documents to understand the risks involved before you invest. See your rights and responsibilities as a retail client.
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