A comprehensive study on the Mexico financial market gives an idea of the Mexico shares and bonds and also on the ongoing exchange rate of Mexican peso with other currencies. While investing on Mexico financial markets, it is necessary to have a clear view of the market.
Bolsa Mexicana de Valores
The Mexico financial market is largely governed by the swinging indices of the Mexico’s only stock exchange – Bolsa Mexicana de Valores or abbreviated as BMV. Headquartered at the central Mexico City, the Bolsa Mexicana de Valores is one of the most important stock exchanges in Latin America.
It can be easily stated that the Mexico stock exchange acts as a measuring device of the financial market trend of Mexico. The real time financial indices of the Mexico market are available online through the various websites maintained by the market brokers and other share market news sharing companies.
Bank of Mexico
Bank of Mexico is the central bank of Mexico and is responsible for issuing both the coins and banknotes in Mexico. The peso is the official currency of Mexico and the symbol used for this currency is same as that used for US dollar.
The Mexican dollar peso is circulated and used hugely outside the border of the country and is acceptable in North America, South East Asia, China and the Pacific Islands.
The prime objective of the Bank of Mexico is to maintain stability in the economic and financial market of Mexico. The trading and exchanges that are carried in the Mexico financial market is thoroughly regulated by the Bank of Mexico.
The list of major banks in Mexico is:
Banco Ahorro Famsa
Banco del Bajio
Banco Ve X +
Some of the major foreign owned commercial banks in Mexico are:
Banco Santander Serfin (Banco Santander Central Hispano)
Banco Wal*Mart de México Adelante
HSBC Mexico, SA (HSBC)
Scotiabank Inverlat (Scotiabank)
According to the purchasing power parity calculated in 2006, the economy of Mexico is the 12th largest in the world. The gross domestic production of Mexico has surpassed the amount of one trillion dollars in 2004. The financial market of Mexico is quite strong and it is the only Latin American member in Organization for Economic Co-operation and Development.
Last Updated on : 1st August 2013