Mexico remains the favourite destination for the high yield Investment
The ongoing Global downturn along with the weak commodity prices took the MXN to multi year low against US dollar. MXN depreciated to 18.80 per USD on January 21st 2016 and ultimately it is benefited to the Exports of th…
The ongoing Global downturn along with the weak commodity prices took the MXN to multi year low against US dollar. MXN depreciated to 18.80 per USD on January 21st 2016 and ultimately it is benefited to the Exports of the country. Despite such currency weakness, Mexico is the favourite destination for the high yield investments. Country is likely to take advantage from the underlying strength present in the United States, as it the main hub for the exports.
However, the Mexican peso is unlikely to influence from the short term global financial market volatility. Above all, there are some positive factors that will continue to support a relatively positive MXN performance in long run. First is a favourable employment condition in the US which indirectly leads to higher remittances flows and demand for Mexican goods. The other factor is long-term interest rate differentials, which have reduced the government's dependence on oil-related fiscal revenue and contributed to inflation containment.
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