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The foreign exchange market Mexico typically handles the Mexican currency market,
where the buyers and sellers of different countries trade the Mexican currency Peso with
other
currencies
of
the
world.
The major players in the Mexico foreign exchange market are the Mexican government,
the central bank - Bank of Mexico, all major commercial banks in Mexico and other leading
financial corporations. The foreign exchange policies in Mexico are set and regulated by the
Bank of Mexico and Ministry of Finance. The rate of exchange of Peso with other currencies
largely depends on the money value of Peso and the corresponding traded currency. The
more the currency is traded in the foreign exchange market and the less it is in supply, the
more the value of that particular currency in the foreign exchange market.
The Mexican currency Peso has universal acceptance and apart from Mexico, the Peso is
also used as a medium of exchange in North America, China, Pacific Islands and South
East Asia. Due to its universal acceptance, the Mexican Peso is a largely traded currency in
the
foreign
exchange
market
all
over
Currency
Exchange Rate
US$
11.0925
Pound Sterling
22.155
Canadian Dollar
10.8389
Australian Dollar
9.2766
Euro
15.3842
7.8745
the
world.
Debt markets play an important role in any economy as they provide economic agents with alternative
options to banking for allocating their savings efficiently. From a central bank perspective the
development of domestic debt markets is of particular relevance, as they enable the use of short-term
interest rates to convey monetary policy signals across the whole maturity spectrum.
In Mexico, the central bank has participated actively in developing domestic debt markets