Exchange Rate (market+estimated) for Mexico
XRNCUSMXA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.26
Year-over-Year Change
76.27%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Mexico measures the value of the Mexican peso relative to the U.S. dollar. This key economic indicator is crucial for understanding trade dynamics, investment flows, and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the exchange rate between the Mexican peso and the U.S. dollar, including both market-based and estimated rates. It is a vital metric for analyzing a country's economic performance, trade relationships, and international investment activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using a combination of market exchange rates and estimated values.
Historical Context
Policymakers, businesses, and financial analysts closely monitor this exchange rate trend to inform economic and trade decisions.
Key Facts
- The Mexican peso is the 13th most traded currency globally.
- Mexico is the United States' largest trading partner after Canada.
- Exchange rates impact the price of imports and exports for both countries.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Mexico tracks the value of the Mexican peso relative to the U.S. dollar, combining both market-based and estimated exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a crucial indicator for understanding trade dynamics, investment flows, and international competitiveness between the U.S. and Mexico, two of the world's largest economies.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this exchange rate data using a combination of market exchange rates and estimated values.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and financial analysts monitor this exchange rate to inform economic and trade decisions, as it impacts the price of imports and exports between the U.S. and Mexico.
Q: Are there update delays or limitations?
A: The exchange rate data is updated regularly by the Federal Reserve, but there may be occasional delays or minor limitations due to the complexity of collecting and estimating the rates.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Mexico (XRNCUSMXA618NRUG), retrieved from FRED.