EUR/MXN

EUR/MXN

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Euro Mexican Peso Trading

EUR/MXN rate equal to 23.612 at 2022-02-07 (today's range: 23.612 - 23.691). Based on our forecasts, a long-term increase is expected, the Forex rate prognosis for 2027-02-06 is 27.574. With a 5-year investment, the revenue is expected to be around +16.78%.

History Mexican Peso

Mexico has continued to utilize the Peso as its currency since its independence from Spain in 1821. Centenario coins were introduced in 1863; a centavo equaled one-hundredth of one Peso. After then, until 1897, a new set of one-peso coins was produced.

History of the Euro

After a decade of planning, the euro was introduced on January 1, 1999; for the first three years, it was a 'invisible' currency, used solely for accounting and electronic payments. On January 1, 2002, coins and banknotes were introduced, and the largest cash changeover in history occurred in 12 EU countries.

EUR/MXN Forex Chart
Instrument: EUR/MXN
Spread: 0.00025
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -5.1893 %
Overnight Interest (daily) Buy: -56.7%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: EUR/MXN

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EUR/MXN Trading FAQs

The best time for MXN trading is typically in the morning when financial markets are open and there is a steady flow of economic news. Bid-ask spreads tend to widen during quiet periods and narrow when trading is more active.

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