Key Mexico Statistics February - April 2013


Published on

Get an overview of the main financial indicators of the Mexican economy for the February - April 2013 period.

Published in: Economy & Finance
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Key Mexico Statistics February - April 2013

  1. 1. Key MexicoStatisticsFebruary - April 2013Nuricumbo + PartnersAudit • Finance • Risk • Strategy • Business Development
  2. 2. Country RiskMexican Stock ExchangeSecurities Market1234Exchange RatesInflation Rate5Investment Unit (UDI)6Economic Confidence Indicator (IMCE)7OutlineInternational Reserves8
  3. 3. Note: Mexican Pesos per CurrencySource: Mexican Central Bank,, 2013€15.30€15.80€16.30€16.80€17.30€17.8030/04/13$15.8816February March April28/02/13$16.764127/03/13$15.7840$11.50$12.00$12.50$13.00$13.5030/04/13$12.0467February March April28/02/13$12.425427/03/13$12.1743$12.05$12.25$12.45$12.65$12.85$13.0530/04/13$ 12.1456February March April28/02/13$12.779527/03/13$12.3612£18.40£19.20£20.00£20.80£21.6030/04/13$19.1343February March April28/02/13$19.676227/03/13$18.9325Exchange Rates
  4. 4. The Country Risk indicates the possibilitiesthat an emerging country has to fail on thefulfillment of its obligations over externaldebt payments, whether for capital orinterests. The higher the Country Risk, thehigher the possibility to get a “default”.It is composed of three main sources:• Sovereign Risk• Transfer Risk• Generic RiskIt is measured through the use of theEmerging Markets Bond Index (EMBI)created by J.P. Morgan Chase.Source:, 2013147157149142144146148150152154156158February March AprilCountry RiskNote: Basis pointsCountry Risk
  5. 5. Source: Mexican Stock Exchange (BMV),, 2013The Mexican Stock Exchange (BMV) is apublic institution that operates under aconcession granted by the Ministry ofFinance (SHCP), observing the MexicanSecurities Law.Given the world tendencies and legislationchanges, the BMV has already started itsdemutualization process, but up to this dateits shareholders are authorized brokeragefirms, which own one share each.Marketable Securities• Capitals Market (Stocks, Fibras)• Capital Development Market (CKDes)• Debt Market(Government, Short, Medium and LongTerm Debt).44,120.99 44,077.0942,263.4841,00041,50042,00042,50043,00043,50044,00044,500February28thMarch27thApril30thPrice and Market Rates Index(IPC)Mexican Stock Exchange
  6. 6. Source: Mexican Central Bank,, 2013The Mexican Central Bank (Banxico) carriesout operations in the securities market inorder to regulate the liquidity of Mexico’sfinancial system.It also undertakes primary auctions ofsecurities for the government and otherpublic sector entities, and issues regulationson several financial operations of financialintermediaries.Cetes 28Zero coupon bonds denominated in MexicanPesos issued by the Mexican Government, in a28-days period.4.13%3.95%3.76%3.50%3.60%3.70%3.80%3.90%4.00%4.10%4.20%February 28thMarch 27thApril 30thGovernment SecuritiesAuction’s Monthly Results(Cetes 28-days)Securities Market
  7. 7. Source: Mexican Central Bank,, 2013Inflation can be defined as a continuous andwidespread increase in goods and servicesprices.The Consumer Price Index (CPI) is thestatistical instrument that calculates inflationby continuously measuring the price changesof households’ representative basket ofgoods and services.3.25%3.55%4.25%0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%February March AprilYearly Inflation Rates perMonthInflation Rate
  8. 8. Source: Mexican Central Bank, and Ministry of Finance,, 2013The Investment Unit (Unidad deInversion, UDI) is the factor (value) to beapplied to the acquisition of mortgages.The Mexican Central Bank is the responsibleauthority to publish at the Mexico’s OfficialGazette its value in Mexican Pesos for eachday of the month.4.9174654.9415124.9715244.8900004.9000004.9100004.9200004.9300004.9400004.9500004.9600004.9700004.980000February28thMarch27thApril30thInvestment Unit (UDI)Investment Unit (UDI)
  9. 9. Source: Public Accountants Mexican Association, IMCP,, 2013The Economic Confidence Indicator, IMCE, isa diffusion indicator which aims to quantifythe expectation of the perceived businessclimate through more than 20,000 registeredpublic accounting to nearly 60 collegesaffiliated to Public Accountants MexicanInstitute, IMCP.The index can become one of the key leadingindicators to get a better overview of thesituation of the Mexican economy.The indicator is divided into two maincomponents, which presents the currentperception in the business climate as well asfuture perspectives. Its score is measuredthrough a range of 0 to 140 points, beinghigher values optimistic and lower valuespessimistic.Economic Confidence Indicator (IMCE)73.1276.8574.62$71$72$73$74$75$76$77$78February March AprilEconomic ConfidenceIndicator
  10. 10. Source: Mexican Central Bank,, 2013Known as financial assets invested abroad bythe Mexican Central Bank that can easily beconverted in means of payment.According to the Mexican Central Bank, thefollowing concepts are considered asInternational Reserves:• Foreign banknotes and coins;• Deposits, securities and stocks payableoutside of Mexico;• Loans by Central Banks payable at nolonger than six months;• The Special Drawing Rights at theInternational Monetary Fund.$164,715$165,820$167,136$163,500$164,000$164,500$165,000$165,500$166,000$166,500$167,000$167,500February28thMarch27thApril30thInternational Reserves(Million USD)International Reserves
  11. 11. Address: Plateros 16 – 504, San Jose Insurgentes 03900, Mexico CityTel. Office: + 52 (55) 5339 5839Mobile: + 52 (55) 5453 6309E-mail: Web: www.nuricumbo.comSkype: nuricua BB Pin: 21BD8276Contact