78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
19.848 MXN
-0.13 (-0.65%)
1H
4H
1D
1W
1MN

USDMXN Key Statistics

Open price
19.93396
High today
19.95201
Low today
19.79165
52 Week high
21.29145
52 Week low
16.52709
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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About USDMXN

USDMXN is an exotic pair consisting of the US dollar (USD) as the base currency and the Mexican peso (MXN) as the quote currency. Among the exotic pairs that include the USD, USDMXN is a favorite among traders and the most heavily traded. USDMXN refers to how many MXN are needed to buy 1 USD.

What is USDMXN?

One of the most controversial forex indexes remains between the US Dollar and the Mexican Peso. The two countries have a vast trade history, and they are North American neighbors in the NAFTA treaty for the free capital and trade movement in North America with Mexico and Canada. However, the Mexican Peso has been degrading throughout the years, and the forex index has produced some excellent profits for people who invested in it. The USDMXN is one of the leading forex indexes in North America. Dollars to pesos works around the clock. Mexico and the United States have the same time zone, so their markers work simultaneously. However, the Mexican Central Bank has a different policy than the FED regarding overnight interest rates. That has affected the long-term Mexican Peso price and given people the right to save their money in US Dollars even though they reside and work in Mexico. To understand how to invest in USDMXN, traders must understand this rich historical and geopolitical connection.

How does USD MXN work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDMXN. It gives access to the simulation of real-time market conditions without financial risks. The USDMXN market works daily. Traders can invest in it by opening an account on the SimpleFX platform. There is the chance to put a call option to enter the index only when it reaches a certain level. Even though the USDMXN fluctuations exist, it could be better to make it happen daily. The USD MXN forex index shows the relative strength or weakness of the dollar to Mexican Pesos. Even though the two currencies have an almost 200-year history, their issuing policies differ significantly. Therefore, investing in the USDMXN is better only when you are sure about your willingness to wait a long time before you exit the index with profits. Both fiscal authorities prevent short-selling to ensure that their currencies avoid market manipulation. However, having some of your savings invested in the MXN to USD currency pair could be reasonable, especially when you are a North American and want a better return on your investments.

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