The ninth most traded currency pair on the international forex market, USD to MXN provides a high level of liquidity. Mexico’s deep economic transformation from the 1980s onwards has led to the peso to become a higher-yielding currency that creates enticing opportunities for achieving returns during times of economic stability and uplift.
As neighboring nations with a large shared border, Mexico and the USA enjoy close trade and economic relations. This has been underpinned by the signing of the North America Free Trade Agreement in 1994, which saw all tariffs between the two nations eliminated. As of 2017, 80% of Mexico’s exports were to the USA – with Mexico the USA’s second largest export market.
The high-yielding nature of the Mexican Peso makes it one of the ideal carry trading currencies.