GBP/MXN

GBP/MXN

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GREAT BRITAIN POUND/ MEXICAN PESO TRADING

The Great Britain pound (GBP) and Mexican Peso (MXN) is an exotic currency pair and is not traded so often as the majors but still gain in popularity. The British pound, also known as “Sterling” or “Cable” is the 4th most traded currency globally. The Mexican Peso is popular in Latin America and is issued by the Bank of Mexico.

History of GBP MXN Trading

The Great British pound (GBP) is the fourth most traded currency in the forex market, after the United States dollar, the Euro, and the Japanese yen. Along with those three currencies and the Chinese yuan, it forms the basket of currencies that calculate the IMF special drawing rights value. Additionally, it is the fourth most held reserve currency globally after the middle of 2021.

The Mexican Peso (MXN) was first produced in 1863 and worthed one-hundredth of the peso. The coins continued in circulation until the middle of the 20th century, but their content of gold decreased significantly over time. The Mexican Peso is the 15th most traded currency globally and the most traded in Latin America and is often presented with the symbol $ or Mex$.

GBP/MXN Forex Chart
Instrument: GBP/MXN
Spread: floating
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: 15.71%
Overnight Interest (daily) Buy: -546.84%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: GBP/MXN

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GBP/MXN Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the GBP/JPY whenever the currency pair is more volatile. From 08:30 a.m to 10:00 am, the GBP/MXN is usually busy (ET). This period keeps the GBP/MXN pair active and liquid throughout much of the U.S. equity and futures exchange hours.

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