Key Mexico Statistics Oct - Dec 2013

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

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Key Mexico Statistics Oct - Dec 2013

  1. 1. Key Mexico Statistics Oct – Dec 2013 Nuricumbo + Partners Audit • Finance • Risk • Strategy • Business Development
  2. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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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