USDMXN

US Dollar vs Mexican Peso

Forex spot

0.13%

Low - High

19.96865 - 20.01365

Spread
Swap Long
-353.18
Swap Short
104.63
Margin Req.
2%
Trading Size
0.01 - 1000
Contract Size
100000
Leverage Up To
1:50
3-Day SWAPs
Wednesday

Commission per lot (single side)

CLASSIC $0  PRO $3  VIP $1.5

Open

Monday 00:05

Close

Friday 23:59

Server Time

GMT+2

Daily Break

23:59-00:05
About

USDMXN

USDMXN refers to the abbreviation for the US Dollar and Mexican Peso pair. Mexico has close geographical, political and commercial ties to the US, making the Mexican currency to be highly responsive to policy changes from the latter. Following a recent survey by the Bank of International Settlements, the USD/MXN pair was shown to represent 2.1% of all forex trading by daily volume. Since the entry of Trump's administration, the pair has been nicknamed the "Trump Trade" because of volatility prompted by Donald Trump's tough stance against US-Mexico trade policies. The most preferred times to trade USD/MXN is during the US trading session.

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