Mexican Peso
Mexico exports a lot of goods to the U.S., especially cars, car parts and computers. Overall, though, it tends to be a net importer.
The currency has had some inflation woes over the years. In 1993, the Bank of Mexico introduced a new currency that was 1,000 times less valuable than the previous one. Inflation has been more under control in recent years, though it has increased since COVID-19.
Mexico has the third-youngest population of the countries whose currencies we offer.
About Mexico
GDP1
$1.4
Trillion
USD
Major Exports2
Cars
Car Parts
Computers
Major Export Partners2
U.S.
Canada
China
Budget Deficit3
-3.8%
Trade Flows4
-$23.8
Billion
USD
Pros and Cons of the Mexican Peso
- Strong economic ties to the U.S.5
- Higher interest rates and attractive yields6
- Growing manufacturing and nearshoring demand7
- High sensitivity to global risk sentiment8
- Political and policy uncertainty9
- Dependence on U.S. economic conditions5
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement
6.https://www.banxico.org.mx/publications-and-press/monetary-policy-programs/monetary-policy-programs-infl.html
7. https://www.oecd.org/economy/mexico-economic-snapshot/
8. https://www.bis.org/statistics/rpfx22_fx.htm
9. https://www.imf.org/en/Countries/MEX
How to Buy the Mexican Peso
Currency CD
Term
APY
3 Month
5.09%
6 Month
5.09%
9 Month
5.09%
12 Month
5.09%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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Mexican Peso
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