Mexican Peso

MXN

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Valuta-referentiecentrum

Available Currency Pairs

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • Banco de Mexico (BdM) is the central bank of Mexico. Its objective is to ensure price stability in the Mexican economy.
  • Price setting method: the exchange rate system is described as floating, but the BdM has a policy of active intervention in the foreign exchange market. Most often, the goal is to defend the peso against the US dollar.
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Features and highlights

  • The only freely convertible and transferable Latin American currency, the Mexican Peso is considered extremely liquid by the markets.
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Expert opinion

  • The Mexican Peso is extremely volatile because three main factors influence it: the variation of the price of energy (oil and gas), the appetite of the markets for the risk, and the political and economic relations of Mexico with the USA.
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Regulations

There are no special restrictions on the purchase and sale of MXN.

Important Information

PAYMENTS IN MXN TO MEXICO

The IBAN format is not used in Mexico. Payment instructions must contain:

  • The BIC Code of the beneficiary bank
  • The full name and address of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year’s Day 1 Jan
Juarez Birthday 21 Mrt
Puebla Day 5 Mei
All souls Day 2 Nov
Our lady of Guadalupe 12 Dec
Constitution Day 5 Feb
Labour Day 1 Mei
Independence Day 16 Sep
Mexican Revolution 20 Nov
Christmas Day 25 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

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