Thinking of trading CAD/MXN?
- 1. The Bank of Canada has no specific target value for the CAD and has not intervened in the foreign exchange markets since 1998. It believes the value of the currency should be defined by its market performance. This is something very interesting for traders, as they will not have to worry about sudden unexpected decisions that would influence the currency (watch out for the SNB though, as this bank is indeed known for doing so)2. Unlike the EU, USA and Australia, Canada has only one index (Ivey PMI). The release of this index is basically a direct representation of the Canadian economy.
Trading CFDs involves significant risk of loss
How would you like to trade CAD/MXN?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade CAD/MXN with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. In Mexico, the Foreign Exchange Commission consists of officials from the Bank of Mexico and the Ministry of Finance, and it's responsible for the foreign exchange policy of Mexico. In 1994, it was determined that market forces would establish Mexico's exchange rate, so the nation follows a floating exchange rate/free float regime like Canada. 2. Due to the fact that the United States is the primary trading partner for both countries, the value of the USD may have a profoundly influential role on the value of both the CAD and MXN. In 2017, the peso fell to a record low against the USD due to President Trump's unfavourable outlook toward Mexico, because trade partnerships are critical factors for a country's GDP. 3. The Canadian dollar (CAD) works under a floating exchange rate regime. Therefore, the CAD exchange rate may be determined by supply and demand. Other factors that might influence CAD's value include commodity prices, interest rates, and inflation rates.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'