Currency converter
06 Nov 2024 10:29
(0.02%)
Closing price, the previous day.
Opening price.
The highest price over the last trading day.
The lowest price over the last trading day
Price range high in the last week
Price range low in the last week
Il y a maintenant plus de 7 millions de traders dans notre équipe! Chaque jour nous travaillons à améliorer le trading. On s'efforce de vous offrir le meilleur et on obtient les plus beaux succès.
La confiance de millions de traders partout dans le monde est l'évaluation la plus élevée de notre travail!
Vous avez fait votre choix et nous allons faire de notre mieux pour répondre à vos attentes!
Ensemble, nous faisons une super équipe!
InstaSpot est fier de vous servir!
L'acteur, le champion de l'UFC et un vrai bogatyr russe! . Homme qui ne doit sa réussite qu'à lui-même. L'homme qui est sur la même route que nous suivons.
Le secret du succès de Taktarov est le progrès permanent vers la réalisation de son objectif.
Découvrez toutes les facettes de votre talent! Apprenez, essayez, commettez des erreurs, mais ne vous arrêtez pas!
InstaSpot - L'histoire de votre succès commence ici !
CHF/MXP is the exchange rate of the Swiss franc against the Mexican peso and it is not popular among Forex traders. The US dollar significantly affects this currency pair even though it is not a part of it. It is easy to follow up: one only needs to merge USD/CHF and USD/MXN movements to get the chart for the CHF/MXN pair.
As the US dollar has a considerable influence on the Swiss franc and the Mexican peso, the main indiсes of the US economy should be taken into account when forecasting the most accurate prices of the currency trading instrument. These indexes include central bank interest rates, the GDP, unemployment rate, new jobs, etc. Remember that the represented currencies may react differently to changes in the US economy.
For several centuries, the Swiss economy has remained one of the highly developed economies in the world. That is why the Swiss franc is deemed the most stable currency as well as the safest one to keep funds. In times of economic crisis when capital flows to Switzerland зпт the franc advances sharply against other currencies. Take that aspect of the Swiss economy into account while trading the CHF/MXN pair.
Mexico has the highest per capita income in Latin America that lets it rank among the most developed countries in the region. The major part of state enterprises in Mexico were privatized in the 80 according to government measures against the economic crisis. Foreign companies take control of most organizations that used to be state-owned. Mexico trades with the US and Canada under the North American Free Trade Agreement. The profit from trading with these countries represents one of the government's main sources of revenue.
Besides, Mexico is the leading oil exporter in Latin America and money earned from selling oil makes an important contribution to the country’s budget. However, the key source of revenue comes from the services sector.
In spite of the large amount of oil and gas fields located on the territory of Mexico, natural hydrocarbon deposits are contracting gradually. To avoid new economic problems, the government has taken measures to decrease gas and oil production. Analysts believe that the ongoing restrictive policy is likely to make Mexico purchase raw materials to cope with its domestic demand. Besides movements in oil prices, the Mexican peso is influenced by different ratings from the most reliable international rating agencies, based on analysis of various factors.
CHF/MXN is less liquid compared to EUR/USD, USD/CHF, GBP/USD, and USD/JPY. You should consider the pairs that the Swiss franc and the Mexican peso form with the US dollar, preparing forecasts about the CHF/MXN pair.
Please do not forget that spreads for cross rate transactions are often wider than spreads for transaction which involve major currencies. That is why you need to examine your broker’s terms for cross currency pairs before you start trading this financial instrument.