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country currency pairs usdmxn

US Dollar vs Mexican Peso

US Dollar vs Mexican Peso (USDMXN)

USDMXN is the currency pair that represents the exchange rate between the US Dollar USD and the Mexican Peso MXN. This pair is one of the most actively traded currency pairs in the forex market.

mxn Flag usd Flag mxn Flag usd Flag mxn Flag usd Flag

US Dollar vs Mexican Peso

USDMXN
-.-- mxn
Buy
--.--
Sell
--.--
-.-
Previous Close
20.08205
Open Today
20.07555
Daily low
20.05715
Daily high
20.19295
Annual change
-.--%
All time Low / High
14.75483 / 25.7734

USDMXN Contract Specifications

  • Minimum Spreads, points:
    0
  • Tick size:
    0.00001
  • Contract Size per Lot:
    100000
  • Trading Platform:
    MetaTrader 4
  • Swap Type:
    in points
  • Minimum Volume:
    0.01
  • Swap Long:
    -564.54
  • Maximum Volume:
    0
  • Swap Short:
    14.92
  • Pip Value:
    10 MXN
  • Margin Group:
    CFD
  • Profit Group:
    FOREX
  • Hedged Margin:
    1
  • Margin Currency:
    USD
  • Days Swap:
    Wednesday
  • Execution:
    MARKET
  • Margin Percentage:
    2%
  • Trading Schedule EET:
    CHECK

History of USDMXN

The USDMXN pair represents the exchange rate between the US Dollar USD and the Mexican Peso MXN. The exchange rate history of this pair can be traced back several decades and is often analyzed by traders and researchers to gain insights into the past performance and potential trends. Historical data sources provide daily exchange rates for different time periods, enabling an examination of the fluctuations and trends of the pair. The USDMXN pair has been influenced by economic and political factors affecting both the United States and Mexico, such as inflation, interest rates, economic growth, and geopolitical developments. Studying the historical performance of the USDMXN pair can help traders make informed trading decisions for this currency pair.

currency pair usdmxn

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Frequently Asked Questions

USDMXN represents the exchange rate between the US Dollar USD and the Mexican Peso MXN. This currency pair reflects the value of the US Dollar in terms of the Mexican Peso and is widely traded in the foreign exchange market. Traders and investors analyze factors such as economic indicators, political developments, and market sentiment to make informed decisions when trading this currency pair. fluctuations in the USDMXN exchange rate can create opportunities for profit or risk for market participants.

To trade the USDMXN currency pair, you would typically need to open an account with a forex broker that offers this pair. Once you have an account, you can place trades through their trading platform. Forex trading involves buying one currency while simultaneously selling another, so you would need to decide whether you want to buy or sell USDMXN. The trading platform will show you the current exchange rate and allow you to place your trade accordingly. It’s important to keep in mind that forex trading involves significant risks, so it’s advisable to do thorough research, have a trading plan, and consider seeking advice from a financial professional before entering the market.

The trading hours for USDMXN can be found here

Traders can use different trading strategies to trade the USDMXN currency pair. Some widespread techniques include trend trading, where traders aim to enter positions in the direction of the current trend, and range trading, where traders identify support and resistance levels and trade within the price range established by these levels. Technical analysis tools, such as moving averages, Bollinger Bands, and RSI can be used to generate buy and sell signals for the USDMXN pair. Additionally, fundamental analysis may also be used to inform trading strategies, where traders track economic indicators, central bank policy decisions, and geopolitical developments that may affect the USD and MXN currencies. A trading plan that aligns with the trader’s risk profile, trading goals, and market conditions should be developed.

When trading the USDMXN pair, it is important to consider several factors. First, analyzing the economic conditions and policies of both the United States and Mexico is crucial. Factors such as interest rates, inflation, GDP growth, and political stability can significantly influence the exchange rate. Secondly, keeping track of geopolitical developments and news that may impact both countries can provide valuable insights. Additionally, monitoring the correlation between the USDMXN pair and other related currency pairs, commodities, or equity markets can offer further context. Lastly, understanding the liquidity and trading hours of the USDMXN pair is essential to ensure efficient execution of trades. Overall, a comprehensive analysis of fundamental and technical factors is important in making informed trading decisions for the USDMXN pair.