2024-05-14 Mexican Peso News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend Analysis

After conducting a comprehensive analysis of the data provided, it can be observed that there is a subtle fluctuation in exchange rates over the series, with the rates seemingly oscillating between 0.08132 and 0.08170. The trend, although not clearly increasing or decreasing, indicates a mild volatility in the exchange rates.

Seasonality or Recurring Patterns

Upon review of the data, there isn't a clear seasonality that can be observed. The exchange rates don't appear to follow a cyclical pattern that repeats over a specific time period. While there is some level of fluctuation, these don't necessarily demonstrate regular intervals of highs and lows. It's possible that the frequency of the data (every 5 minutes) may be too high to reveal larger-scale, recurring seasonal patterns.

Outliers Analysis

Examination of the series doesn't indicate any significant outliers. The exchange rates do not show any extreme spikes or drops at any particular point in time across the data set. The rates mostly remain within the range mentioned above. This could imply that no drastic economic events that could significantly affect the currency exchange rate (MXN) occurred over this period, or these events doesn't reflect on the dataset given the short frequency.

Consideration on External Factors

It is noted that the analysis was done without consideration of external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These factors can have a significant impact on exchange rates and might reveal more profound trends, patterns, and outliers upon their inclusion. Yet, as instructed, these factors were not taken into account in this analysis.


In conclusion, the exchange rates of MXN over the provided period display a slight fluctuation within a small range. While there aren't apparent seasonal patterns or significant outliers, these observations may change with the inclusion of external factors or analysis at different time scales.

Despite a pattern of fluctuations throughout the day, the Mexican Peso (MXN) exchange rate presented a trend towards stabilization on May 13th, 2024, providing some relief to investors amid recent market volatility. This shift may signal potential adjustments in market dynamics that could affect both domestic and foreign investors in Mexico. The MXN exchange rates recorded minor fluctuations during the early hours, gradually edging down from 0.0816 at midnight to 0.08157 by mid-afternoon. Despite these minor dips, the rate remained largely steady for the majority of the day. As the market moved into the evening, the rate began to show slight increases, eventually peaking at 0.08144 in the final minutes of trading. This stabilization is significant given the economic turbulence of recent times. Amid global economic uncertainties, currency markets have been subjected to sporadic fluctuations, causing apprehension among investors. The MXN, as an emerging-market currency is often more susceptible to these changes, making its stability a pivotal factor in investment decisions. The exchange rate''s performance on this particular day appears to reflect a broader trend within the Mexican economy that has proven resilient amid global economic shocks. While fluctuations persist, the underlying strength of the economy suggests a capacity to weather these temporary periods of volatility. However, the behavior of the MXN exchange rate doesn''t exist in a vacuum. It also must be considered in the context of international investing. Investors seeking to diversify their portfolios might find opportunities in the Mexican market, given the MXN''s relative stability. Conversely, for those invested in the peso, monitoring these exchange rates can provide crucial insight into potential investment strategy adjustments. Despite this erratic day, market analysts suggest that this could be part of a temporary correction period. Drawing conclusions from a single day''s data can be risky. Still, the overall stability of the MXN exchange rate despite fluctuations indicates the potential resilience of the currency in the face of external volatility. Looking ahead, investors and businesses should closely monitor these exchange rates. However, it is equally important to consider broader economic indicators and global market movements. Unexpected changes in global markets or domestic policies can have a considerable impact on the MXN exchange rate. Therefore, it''s crucial for investors to keep an eye on the horizon and prepare for possible future shifts. In conclusion, while the day witnessed oscillations in the MXN exchange rate, the general trend proposed some degree of stability. For now, the attention of all stakeholders, domestic and international, will likely remain focused on the MXN and its performance in the coming days. As the global economy continues to navigate its way through myriad uncertainties, the resilience of markets like Mexico''s will remain a topic of keen interest.MXN Exchange Rate Stabilizes Amid Market Volatility

Current Middle Market Exchange Rate

For information purposes only.