Get an overview of the main financial indicators of the Mexican economy for the Oct - Dec 2013 period.

1. Key Mexico
Statistics
Oct – Dec 2013
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
31/10/13
$13.0067
29/11/13
$13.1101
31/12/13
$ 13.0843
31/10/13
$17.7358
29/11/13
$17.8271
31/12/13
$18.0079
October
November
December
29/11/13
$12.3716
31/12/13
$12.3168
November
December
$14.15
€18.30
$13.65
€17.80
$13.15
€17.30
$12.65
$12.15
€16.80
October
31/10/13
$21.1971
November
December
29/11/13
$21.7059
31/12/13
$21.9648
£22.40
€16.30
$14.00
31/10/13
$12.4642
$13.50
£21.60
$13.00
£20.80
$12.50
£20.00
$12.00
£19.20
October
November
December
Note: Mexican Pesos per Currency
Source: Mexican Central Bank, www.banxico.org.mx, 2013
$11.50
October

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”.
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, 2013
Country Risk
190
185
180
175
170
165
160
155
150
145
140
184
172
156
October November December
Note: Basis points

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)
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.
42,499.13
42,500
Marketable Securities
• Capitals Market (Stocks, Fibras)
• Capital Development Market (CKDes)
• Debt
Market
(Government, Short, Medium and Long
Term Debt).
42,727.09
40,500
Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2013
42,000
41,500
41,000
41,038.65
40,000
October November December
31st
29th
31st

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, 2013
Government Securities
Auction’s Monthly Results
(Cetes 28-days)
3.45%
3.40%
3.35%
3.30%
3.25%
3.20%
3.15%
3.10%
3.05%
3.00%
3.38%
3.40%
3.16%
October 31st
November 29th
December 31st

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.
3.65%
3.60%
3.55%
3.50%
3.45%
3.40%
3.35%
3.30%
3.25%
3.20%
3.62%
3.39%
3.36%
October November December
Source: Mexican Central Bank, www.banxico.org.mx, 2013

8. Investment Unit (UDI)
Investment Unit (UDI)
The
Investment
Unit
(Unidad
de
Inversion, UDI) is the factor (value) to be
applied to the acquisition of mortgages.
5.080000
5.058731
5.060000
5.040000
5.018606
5.020000
The Mexican Central Bank is the responsible
5.000000
authority to publish at the Mexico’s Official
4.980000
Gazette its value in Mexican Pesos for each
4.960000
day of the month.
4.940000
4.987942
October November December
31st
29th
31st
Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2013

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/, 2013
Economic Confidence
Indicator
$72
71.43
70.69
$71
$70
$69
68.22
$68
$67
$66
October
November December

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, 2013
International Reserves
(Million USD)
$177,000
$176,500
$176,000
$175,500
$175,000
$174,500
$174,000
$173,500
$173,000
$176,579
$175,882
$174,262
October
31st
November December
29th
31st

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
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