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USDMXN

EXCHANGE RATE OF USDMXN ON FOREX

The USD/MXN currency pair is the ratio of the US dollar to the Mexican peso. This pair is exotic and not popular among traders. Predictability of the pair is average, and volatility is high - 300-400 points. To make profit on this pair, you need to take into account the development of the Mexican economy and follow changes in the US macroeconomic indicators. The Mexican peso is strongly influenced by the proximity of the United States and the country's oil industry. For getting good income, you need to use a medium-term or long-term strategy. The most active time for operating with the pair is from 11:00 to 18:00 GMT. The peso currency rate is floating and established at the auction, depending on the supply-and-demand balance.

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