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 inflation1 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 population2 of the countries’ currencies that we offer.
| GDP3 | $1.4 Trillion USD |
| Major Exports4 | Cars, motor vehicle parts, computers |
| Major Export Partners4 | U.S., Canada, China |
| Budget Deficit5 | -3.8% |
| Trade Flows6 | -23.8 Billion USD |
1. https://tradingeconomics.com/mexico/inflation-cpi
2. https://tradingeconomics.com/country-list/employment-rate
3. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
5. https://tradingeconomics.com/country-list/government-budget?continent=world
6. https://tradingeconomics.com/country-list/balance-of-trade
7. https://tradingeconomics.com/country-list/employment-rate
8. https://tradingeconomics.com/country-list/interest-rate?continent=world
9. https://tradingeconomics.com/country-list/households-debt-to-gdp
The Benefits of the Mexican Peso
central bank interest rate8
Suffered from high inflation
Minimal gold reserves10
How to Buy the Mexican Peso
Currency CD
Most Popular
Term
3-month
6-month
9-month
1-year
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance Range
All Balances
Available Currencies
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FOREIGN CURRENCIES BY BATTLE BANK
Mexican Peso
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