Introduction to the Mexican Peso’s Rising Global Influence
According to the Bank for International Settlements (BIS), the Mexican peso is now among the 14 most traded currencies worldwide, marking a significant increase in its global market presence.
Background on the Mexican Peso’s Previous Standing
Three years ago, the Mexican peso ranked as the sixteenth most traded currency globally. However, recent data from the BIS reveals a substantial rise in the peso’s prominence.
Experts’ Perspectives on the Peso’s Increased Liquidity
Monex analysts and investment bank XP both agree that the growing liquidity of the Mexican peso will likely result in reduced volatility. This increased participation of pesos in global portfolios indicates a more stable currency.
BIS Survey Results and Market Volume Growth
The BIS triennial survey on foreign exchange and over-the-counter derivatives market activity revealed that the Mexican peso’s trading volume has increased by 28% since April 2022. This growth led to an average daily trading volume of $9.6 million.
Contextual Factors Affecting the Peso’s Rise
Banxico (Mexico’s central bank) noted that the survey was conducted during a period of heightened volatility and increased market activity following significant trade policy announcements by major global jurisdictions in April 2025.
Mexican Peso’s Ranking Among Emerging Market Currencies
Among emerging market currencies, the Mexican peso ranked third in trading volume, trailing only behind the Chinese renminbi and Indian rupee.
Key Questions and Answers
- Q: What does the Mexican peso’s increased global market participation mean?
A: The rise in the Mexican peso’s global market presence indicates greater liquidity and potentially less volatility, making it a more stable currency in international portfolios.
- Q: How much has the Mexican peso’s trading volume grown?
A: The Mexican peso’s trading volume has increased by 28% since the BIS survey in April 2022, resulting in an average daily trading volume of $9.6 million.
- Q: What factors contributed to the Mexican peso’s rise in global market participation?
A: The Mexican peso’s increased presence can be attributed to heightened market activity and volatility following significant trade policy announcements by major global jurisdictions in April 2025.
- Q: How does the Mexican peso rank among other emerging market currencies?
A: Among emerging market currencies, the Mexican peso ranks third in trading volume, behind only the Chinese renminbi and Indian rupee.
