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Key Mexico Statistics Dec - Feb 2014

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Get an overview of the main financial indicators of the Mexican economy for the Dec - Feb 2014 period.

Get an overview of the main financial indicators of the Mexican economy for the Dec - Feb 2014 period.

Published in: Economy & Finance
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  • 1. Key Mexico Statistics Dic – Feb 2014 Nuricumbo + Partners Audit • Finance • Risk • Strategy • Business Development
  • 2. Outline 1 Exchange Rates 2 Country Risk 3 Mexican Stock Exchange 4 Securities Market 5 Inflation Rate 6 Investment Unit (UDI) 7 Economic Confidence Indicator (IMCE) 8 International Reserves
  • 3. Exchange Rates 31/12/13 $13.0843 31/01/13 $13.3769 28/02/14 $ 13.2379 31/12/13 €18.0079 $14.15 January February 31/12/13 $12.3168 31/01/13 $12.0149 28/02/14 $11.9432 December January February €17.80 $12.65 December €18.30 $13.15 28/02/14 € 18.2590 €18.80 $13.65 31/01/13 € 18.1244 €17.30 $12.15 December January February 31/12/13 £21.9648 31/01/13 £22.3140 28/02/14 £22.4783 £23.20 $13.50 $13.00 £22.40 $12.50 £21.60 $12.00 £20.80 £20.00 €16.80 $11.50 December January February Note: Mexican Pesos per Currency Source: Mexican Central Bank, www.banxico.org.mx, 2014 $11.00
  • 4. Country Risk The Country Risk indicates the possibilities that an emerging country has to fail on the fulfillment of its obligations over external debt payments, whether for capital or interests. The higher the Country Risk, the higher the possibility to get a “default”. Country Risk 250 196 200 It is composed of three main sources: 168 156 150 • 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 100 50 0 December Note: Basis points January February
  • 5. Mexican Stock Exchange 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. Price and Market Rates Index (IPC) 44,000 43,000 Given the world tendencies and legislation changes, the BMV has already started its demutualization process, but up to this date its shareholders are authorized brokerage firms, which own one share each. 42,000 Marketable Securities • Capitals Market (Stocks, Fibras) • Capital Development Market (CKDes) • Debt Market (Government, Short, Medium and Long Term Debt). 42,727.09 37,000 Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2014 41,000 40,879.75 40,000 38,782.89 39,000 38,000 36,000 December January 31st 31st February 28th
  • 6. Securities Market The Mexican 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 28 Zero coupon bonds denominated in Mexican Pesos issued by the Mexican Government, in a 28-days period. Source: Mexican Central Bank, www.banxico.org.mx, 2014 Government Securities Auction’s Monthly Results (Cetes 28-days) 3.19% 3.18% 3.18% 3.17% 3.17% 3.16% 3.16% 3.15% 3.15% 3.14% 3.14% 3.18% 3.16% 3.15% December January 31st 31st February 28th
  • 7. Inflation Rate Yearly Inflation Rates per Month 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. Source: Mexican Central Bank, www.banxico.org.mx, 2014 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 4.48% 3.62% 3.97% December January February
  • 8. Investment Unit (UDI) Investment Unit (UDI) The Investment Unit (Unidad de Inversion, 5.140000 UDI) is the factor (value) to be applied to the 5.120000 acquisition of mortgages. 5.100000 The Mexican Central Bank is the responsible 5.080000 authority to publish at the Mexico’s Official 5.060000 Gazette its value in Mexican Pesos for each 5.040000 day of the month. 5.129269 5.100417 5.058731 5.020000 December January 31st 31st Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2014 February 28th
  • 9. Economic Confidence Indicator (IMCE) The Economic Confidence Indicator, IMCE, is a diffusion indicator which aims to quantify the expectation of the perceived business climate through more than 20,000 registered public accounting to nearly 60 colleges affiliated to Public Accountants Mexican Institute, IMCP. The index can become one of the key leading indicators to get a better overview of the situation of the Mexican economy. The indicator is divided into two main components, which presents the current perception in the business climate as well as future perspectives. Its score is measured through a range of 0 to 140 points, being higher values optimistic and lower values pessimistic. Source: Public Accountants Mexican Association, IMCP, http://imcp.org.mx/, 2014 Economic Confidence Indicator $72 71.43 $71 $70 68.78 $69 $68 67.28 $67 $66 $65 December January February
  • 10. International Reserves Known as financial assets invested abroad by the Mexican Central Bank that can easily be converted in means of payment. According to the Mexican Central Bank, the following concepts are considered as International Reserves: • Foreign banknotes 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. Source: Mexican Central Bank, www.banxico.org.mx, 2014 International Reserves (Million USD) $180,000 $179,500 $179,000 $178,500 $178,000 $177,500 $177,000 $176,500 $176,000 $175,500 $175,000 $179,705 $177,179 $176,579 December January 31st 31st February 28th
  • 11. Contact Address: Plateros 16 – 504, San Jose Insurgentes 03900, Mexico City Tel. Office: + 52 (55) 5339 5839 Mobile: + 52 (55) 5453 6309 E-mail: armando@nuricumbo.com Web: www.nuricumbo.com Skype: nuricua BB Pin: 21BD8276

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