USD vs MXN Spread Bets





Also see Live USDMXN chart below.



Where Can I Spread Bet on USDMXN?

You can put trades on USDMXN and plenty of other financial markets with all of these firms:

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


Live USDMXN Chart




Live USDMXN Chart




Where Can I Get Live Spread Betting Prices and Charts for USDMXN?

The above chart offers a handy look at the latest movements.

Nevertheless, if you are spread trading USDMXN, the providers listed above have live prices as well as more advanced charts.

Example chart:

USD vs MXN Spread Bets - Example Chart



USDMXN Spread Betting Example

USD vs MXN Spread Bets
If you’re interested in financial spread betting on an FX pair such as USDMXN then, looking at a firm like InterTrader.com, at the time of writing you would find a price of $12.96180 – $12.97060.

That means you can speculate on USDMXN to go above $12.97060 or go below $12.96180.

When you spread bet, you speculate on every unit the market moves up or down. In this case, with the USDMXN market a unit is $0.00010 of the currency pair’s price movement.

With this example, let’s say you choose to bet £1 for every $0.00010 USDMXN increases or decreases.


Speculating on the Market to Go Up

If you were to go long of USDMXN at $12.97060 and the currency pair rose then the quote might be re-priced at $12.99135 – $13.00015. Therefore, you might decide to close your position at $12.99135.

Profits (or Losses) = (final value of the market – initial value of the market) x stake per $0.00010
Profits (or Losses) = ($12.99135 – $12.97060) x £1 per $0.00010 stake
Profits (or Losses) = $0.02075 x £1 per $0.00010
Profits (or Losses) = £207.50 profit

The markets can of course fall, if the currency pair were to fall to, as an example, $12.95088 – $12.95968, you could choose to close your trade to prevent further losses. If that happened, you would make a sell trade at $12.95088.

So, with the same £1 per $0.00010 stake:

Profits (or Losses) = (final value of the market – initial value of the market) x stake per $0.00010
Profits (or Losses) = ($12.95088 – $12.97060) x £1 per $0.00010 stake
Profits (or Losses) = -$0.01972 x £1 per $0.00010
Profits (or Losses) = -£197.20 loss


Speculating on the Market to Go Down

One of the many advantages of using a spread bet is that you can short the markets.

Initially, the market was priced at $12.96180 – $12.97060.

If you went short of USDMXN at $12.96180 and the currency pair went down then you might see the price drop to $12.93434 – $12.94314. If so, you might want to close your position for a profit by buying at $12.94314.

Profits (or Losses) = (initial value of the market – final value of the market) x stake per $0.00010
Profits (or Losses) = ($12.96180 – $12.94314) x £1 per $0.00010 stake
Profits (or Losses) = $0.01866 x £1 per $0.00010
Profits (or Losses) = £186.60 profit

However, if the currency pair were to rise to $12.97073 – $12.97953, you may decide to close your bet to limit your losses. If that were to happen, you would buy back at $12.97953.

You would close your bet with the same £1 per $0.00010 stake:

Profits (or Losses) = (initial value of the market – final value of the market) x stake per $0.00010
Profits (or Losses) = ($12.96180 – $12.97953) x £1 per $0.00010 stake
Profits (or Losses) = -$0.01773 x £1 per $0.00010
Profits (or Losses) = -£177.30 loss


USDMXN Rolling Daily spread betting market correct as of 25-Jul-14.

One thing to note is that this is a rolling daily spread bet. This sort of market doesn’t have a predetermined settlement date and rolls over to the next session automatically. When a market rolls over you might receive a small credit or incur a small financing charge. For more details, please see rolling daily charges.



USDMXN Test Accounts

The following platforms also offer free practice accounts. You can use these to see how spread trading works on USDMXN without risking any capital.



User Questions and Answers on USDMXN

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