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Get an overview of the main financial indicators of the Mexican economy for the May - Jul 2014 period.
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Key Mexico Statistics
May – Jul 2014
Nuricumbo + Partners
Audit • Finance • Risk • Strategy • Business Development
Country Risk
Mexican Stock Exchange
Securities Market
1
2
3
4
Exchange Rates
Inflation Rate5
Investment Unit (UDI)6
Economic Confidence Indicator (IMCE)7
Outline
International Reserves8
Note: Mexican Pesos per CurrencySource: Mexican Central Bank, www.banxico.org.mx, 2014
€16.80
€17.30
€17.80
€18.30
€18.80
31/07/14€17.7069
May June July
30/05/14€17.5050
30/06/14€17.7070
$11.00
$11.50
$12.00
$12.50
$13.00
31/07/14$12.1566
May June July
30/05/14$11.8357
30/06/14$12.1507
$12.15
$12.65
$13.15
$13.65
$14.15
31/07/14$13.2269
May June July
30/05/14$12.8609
30/06/14$12.9712
£20.20
£21.00
£21.80
£22.60
£23.40
31/07/14£22.6464
May June July
30/05/14£21.8556
30/06/14£22.5089
Exchange Rates
The Country Risk indicates the possibilities of an emerging country failing to fulfill its obligations over external debt payments, whether for capital or interest. The higher the Country Risk, the larger the possibility of default.
It is composed of three main sources:
• Sovereign Risk
• Transfer Risk
• Generic Risk
It is measured through the use of the Emerging Markets Bond Index (EMBI) created by J.P. Morgan Chase.
Source: www.economia.com.mx, 2014
May June July132
133
134
135
136
137
138
139
140
141
138
135
140
Country Risk
Note: Basis points
Country Risk
Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2014
The Mexican Stock Exchange (BMV) is a public institution that operates under a concession granted by the Ministry of Finance (SHCP), observing the Mexican Securities Law. Its shareholders are authorized brokerage firms, which each own one share. Its broad market indicator is known as “Indice de Precios y Cotizaciones” (IPC).
Marketable Securities•Capitals Market (Stocks, Fibras)•Capital Development Market (CKDes)
• Debt Market (Government, Short, Medium and Long Term Debt).
May 30th
June 30th
July 31st
40,00040,50041,00041,50042,00042,50043,00043,50044,00044,500
41,362.51
42,737.17
43,817.69
Price and Market Rates Index (IPC)
Mexican Stock Exchange
Source: Mexican Central Bank, www.banxico.org.mx, 2014
Mexico’s Central Bank (Banxico) carries out operations in the securities market in order to regulate the liquidity of Mexico’s financial system.
It also undertakes primary auctions of securities for the government and other public sector entities, and issues regulations on several financial operations of financial intermediaries.
Cetes 28Zero coupon bonds denominated in Mexican Pesos issued by the Mexican Government. The instrument due in 28 days is a common reference.
May 30th
June 30th
July 31st
2.50%2.60%2.70%2.80%2.90%3.00%3.10%3.20%3.30%3.40% 3.31%
2.90%2.80%
Government Securities Auc-tion’s Monthly Results (Cetes
28-days)
Securities Market
Source: Mexican Central Bank, www.banxico.org.mx, 2014
Inflation can be defined as a continuous and
widespread increase in goods and services
prices.
The Consumer Price Index (CPI) is the
statistical instrument that calculates inflation
by continuously measuring the price
changes of households’ representative
basket of goods and services. May June July3.35%3.40%3.45%3.50%3.55%3.60%3.65%3.70%3.75%3.80%
3.50% 3.51%
3.75%
Annualized Inflation Rates measured monthly
Inflation Rate
Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2014
The Investment Unit (Unidad de Inversion,
UDI) is a value unit linked to the overall
movement of prices. It is commonly used in
financial operations or investment
instruments that are required to guarantee a
return above inflation. The Mexican Central
Bank is the responsible authority to publish
its value in Mexican Pesos for each day of the
month. May
30thJune 30th
July 31st
5.126000
5.128000
5.130000
5.132000
5.134000
5.136000
5.138000
5.140000
5.142000
5.135142
5.131110
5.139503
Investment Unit (UDI)
Investment Unit (UDI)
Source: Public Accountants Mexican Association, IMCP, http://imcp.org.mx/, 2014
The Mexican Economic Confidence Index, IMCE, is an indicator which aims to quantify the expectation of the perceived business climate through the perception of more than 20,000 registered public accountants of nearly 60 colleges affiliated to Public Accountants Mexican Institute, IMCP.
The indicator is divided into two main components, which presents the current perception in the business climate as well as the perspective in six months. Its score is measured through a range of 0 to 140 points. Higher values represent higher optimism.
Economic Confidence Indicator (IMCE)
May June July$68
$70
$72
69.34
70.92 70.85
Economic Confidence Indi-cator
Source: Mexican Central Bank, www.banxico.org.mx, 2014
Known as financial assets invested abroad by the Mexican Central Bank that can easily be converted into means of payment.
According to the Mexican Central Bank, the following are considered as International Reserves:
• Foreign bank notes and coins;
• Deposits, securities and stocks payable outside of Mexico;
• Loans by Central Banks payable at no longer than six months;
• The Special Drawing Rights at the International Monetary Fund.
May 30th
June 30th
July 31st
$185,500$186,000$186,500$187,000$187,500$188,000$188,500$189,000$189,500$190,000$190,500
$187,275
$188,406
$190,192
International Reserves (Mil-lion USD)
International Reserves
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