Mexican Peso/U.S. Dollar futures

Mexican Peso ADV in June 2020 of 61,846; up 53% vs May 2020

Key macro facts

Mexico is the second largest economy in Latin America and the 15th largest economy in the world with nominal GDP of $1.2 trillion in 2019.  The Mexican economy was originally expected to grow by less than one percent in 2020.  However, because of the Covid-19 pandemic, economists now predict the Mexican economy will contract by as much as 8.8% in 2020 with inflation increasing to 3.5% for the remainder of the year.  Analysts foresee the Mexican unemployment rate hitting 15.8% in the third quarter of this year.  Since February, the Bank of Mexico has acted aggressively by cutting its key policy interest rate by 175 basis points to 5.5% while announcing unprecedented liquidity-boosting measures of nearly $40 billion.  Economists expect Mexican interest rates to remain low because of subdued economic activity, weak labor market conditions, and an increase in investor demand for low-risk assets.

Key stats

  • MXN Futures Notional ADV in June of $1.39B up 61% MoM
  • Mexican Peso ADV in June 2020 of 61,846; up 53% vs May 2020
  • MXN futures YTD 2020 average daily notional traded of $1.4B

Key features

  • Tight bid-ask spreads across all trading hours by dedicated market makers providing liquidity across all time zones.
  • Manage MXN peso FX forward and swap exposure through CME FX Link, the first electronic spread connecting the OTC FX and FX futures market.
  • Also available MXN Options, with June ADV of 156 (up 25.7% YoY) to be traded on Globex or as Blocks *Threshold 50 lots)

Key capital efficiencies and potential margin offsets

  • 50% savings with Brazilian Real (BRL/USD),
  • 30% savings with Canadian Dollar (CAD/USD)
  • 60% South African Rand (ZAR/USD)

Be Part of the Trend and Trade Mexican Peso Futures at CME Group

Standard futures

CME Globex: 6M Bloomberg: PEA Curncy Reuters: 0#MPSS: 

Block minimum threshold: 100

Available in Monthlies and Quarterlies

Also available to trade on FX Link

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Bringing together market participants and their liquidity, from pension funds to banks, from hedge funds to corporates, from 150+ countries nearly 24 hours a day, ready for market-impacting events

Transact with Flexibility

Choose a Block or an EFRP – where you can still privately negotiate your trades, but submit them directly into our clearing systems to free up credit lines and mitigate bilateral exposure – whether you are trading in Brazil or anywhere else in the world.

Get more details about blocks.

CME is eliminating the current spot month position limit of 45,000 contracts in MXN futures and options, effective trade date Monday, November 4, 2019 commencing with the December 2019 contract month and beyond. 

With the continued success and development of the MXN/USD futures and options markets, active market participants, who have accumulated large positions prior to contract expiration, will now find it easier from an execution and operational standpoint to roll their futures and options positions forward in time prior to the cessation of trading in an expiring MXN future without having to worry about meeting spot month position limits during the last four trading days of a contract expiration.

Reduce Risk and Manage Uncleared Margin Rule Changes

CME Group offers position-netting and capital and margin efficiencies with cleared OTC (including NDFs) and listed FX:

55 Futures, 24 Options, 26 CSFs and 12 NDFs.

Get Connected To The World’s Largest Regulated FX Marketplace

$100B of daily FX volume and the firm liquidity you need to manage FX risk – from rupee to rand.

Mexican Peso futures at CME Group

Available now on the platform you want

Contract Specifications

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