Available Currency Pairs
Delivery date: T+1; T+2
Maximum maturity: 24 months
Did You Know?
- Banco de Mexico (BdM) is the central bank of Mexico. Its objective is to ensure price stability in the Mexican economy.
- Price setting method: the exchange rate system is described as floating, but the BdM has a policy of active intervention in the foreign exchange market. Most often, the goal is to defend the peso against the US dollar.
Features and highlights
- The only freely convertible and transferable Latin American currency, the Mexican Peso is considered extremely liquid by the markets.
- The Mexican Peso is extremely volatile because three main factors influence it: the variation of the price of energy (oil and gas), the appetite of the markets for the risk, and the political and economic relations of Mexico with the USA.
There are no special restrictions on the purchase and sale of MXN.
PAYMENTS IN MXN TO MEXICO
The IBAN format is not used in Mexico. Payment instructions must contain:
- The BIC Code of the beneficiary bank
- The full name and address of the beneficiary.
Keep In Mind
New Year’s Day 1 Jan
Juarez Birthday 21 Mar
Puebla Day 5 May
All souls Day 2 Nov
Our lady of Guadalupe 12 Dec
Constitution Day 5 Feb
Labour Day 1 May
Independence Day 16 Sep
Mexican Revolution 20 Nov
Christmas Day 25 Dec
When a holiday falls on a weekend, the next business day becomes a holiday