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TagsWhat factors affect the MXN to USD exchange rate?
Franco KayaDec 15, 2021 · 3 years ago1 answersCan you explain the factors that influence the exchange rate between the Mexican Peso (MXN) and the United States Dollar (USD)? I'm interested in understanding the key drivers behind the fluctuations in this currency pair.
1 answers
- As an expert in the field, I can tell you that the MXN to USD exchange rate is influenced by a variety of factors. One of the key factors is the supply and demand dynamics of the two currencies. If there is high demand for MXN and low supply, the MXN will appreciate against the USD. Conversely, if there is low demand for MXN and high supply, the MXN will depreciate against the USD. Other factors include interest rate differentials, inflation differentials, economic growth differentials, and political stability. It's important to consider all these factors when analyzing the MXN to USD exchange rate.Dec 15, 2021 · 3 years ago
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