The exchange rate of the Mexican peso is strong last year and this year.
Looking at the monetary performance of major countries since last year and early this year, improvement in the Mexican peso is noticeable. The Mexican peso exchange rate is the strongest currency pair against the dollar in 2018.Since the beginning of the year, the global exchange rate has been positively correlated with short-term interest rates that reflect the monetary policy phase. Mexico has the largest increase in short-term interest rates compared to other countries. The increase in U.S. short-term interest rates is similar to Canada, which froze its key interest rate in March, as the US Federal Reserve’s final perception of austerity has expanded since the SVB bankruptcy.
In this situation, the reason why the Mexican peso exchange rate rose is also the hawkish stance of the central bank of Mexico. Short-term interest rates rose sharply. In March, Mexico’s central bank unanimously raised interest rates by 0.25 percent. Mexico, like the United States, has stable headline prices. However, solid domestic demand supports it, and core price growth is high, especially in service prices.learn how to invest in the Mexican peso
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According to this trend, Mexico’s benchmark interest rate is expected to rise only around 11.75 percent in June. Considering the price trend in Mexico amid the downward revision of U.S. inflation, short-term interest rate differences and price differences in Mexico are expected to continue the peso’s upward trend in the short term.The largest U.S. neighbor?
Another strong reason for the Mexican peso exchange rate is near-shoring. Reshoring means returning to the home country, such as jobs at production bases that have entered overseas, but near-reshoring means returning to neighboring countries, not the U.S., due to infrastructure/employment costs. Mexico and Canada are representative. In the case of the United States, near-shoring has been active in Mexico and Canada over the past 10 years. In particular, the return from Asia is noticeable in line with China’s rising wages and weakening production base status. Last year, Mexico’s FDI inflow reached its highest level since 2015. Mexico’s proportion of manufacturing jobs is also steadily rising from the bottom in 2011. The inflow of FDI funds and the peso exchange rate over the past decade have a similar trajectory. The Federal Reserve Board, which ends receiving global overseas news in real time (telegram), and other countries raising interest rates further
Another strong reason for the Mexican peso exchange rate is near-shoring. Reshoring means returning to the home country, such as jobs at production bases that have entered overseas, but near-reshoring means returning to neighboring countries, not the U.S., due to infrastructure/employment costs. Mexico and Canada are representative. In the case of the United States, near-shoring has been active in Mexico and Canada over the past 10 years. In particular, the return from Asia is noticeable in line with China’s rising wages and weakening production base status. Last year, Mexico’s FDI inflow reached its highest level since 2015. Mexico’s proportion of manufacturing jobs is also steadily rising from the bottom in 2011. The inflow of FDI funds and the peso exchange rate over the past decade have a similar trajectory. The Federal Reserve Board, which ends receiving global overseas news in real time (telegram), and other countries raising interest rates further
The ratio of advanced countries that configure the dollar index (DXY) is reduced to the ratio of the U.S. and the U.S. and the U.S. and the U.S.As Mexico, the advanced country still remains unchanged in Mexico, the advanced country still remains in addition to the FED contrast.The ECB and BJ is representative.If the increase in the year, the ECB and BJ is 60B and 50BJ is 60BP, 50BP.This is a factor that supports the reduction of interest rates between U.S. and short-term circulation.The wage increase in Mexico’s wages, Mexico’s wages are strong compared to other countries.Despite that, the U.S.onia show is not a reasonable job costs only for the international show ring.After the presidential inauguration, the U.S. investment scale of the U.S. has fallen sharply.The number of employment in the United States in the third quarter of 2022 years, and the number of employment of employment.The BIVERSON regime, the large range of the supply chain reconstruction and medium-term industrial security.What is the expected to exchange rate of Mexico?1:1 Contact UsThis information should not be construed as investment advice on CFD.XM does not recommend CFD of any kind. XM provides general market information on currency and other underlying financial instruments as well as information on how CFD works.XM은 전세계 1000만명 이상의 고객을 보유한 금융회사로, 1000개 이상의 금융상품에 대한 외한 및 선물상품 거래를 제공합니다.