Get an overview of the main financial indicators of the Mexican economy for the February - April 2013 period.

1. Key Mexico
Statistics
February - April 2013
Nuricumbo + Partners
Audit • Finance • Risk • Strategy • Business Development

2. Country Risk
Mexican Stock Exchange
Securities Market
1
2
3
4
Exchange Rates
Inflation Rate5
Investment Unit (UDI)6
Economic Confidence Indicator (IMCE)7
Outline
International Reserves8

3. Note: Mexican Pesos per Currency
Source: Mexican Central Bank, www.banxico.org.mx, 2013
€15.30
€15.80
€16.30
€16.80
€17.30
€17.80
30/04/13
$15.8816
February March April
28/02/13
$16.7641
27/03/13
$15.7840
$11.50
$12.00
$12.50
$13.00
$13.50
30/04/13
$12.0467
February March April
28/02/13
$12.4254
27/03/13
$12.1743
$12.05
$12.25
$12.45
$12.65
$12.85
$13.05
30/04/13
$ 12.1456
February March April
28/02/13
$12.7795
27/03/13
$12.3612
£18.40
£19.20
£20.00
£20.80
£21.60
30/04/13
$19.1343
February March April
28/02/13
$19.6762
27/03/13
$18.9325
Exchange Rates

4. The Country Risk indicates the possibilities
that an emerging country has to fail on the
fulfillment of its obligations over external
debt payments, whether for capital or
interests. The higher the Country Risk, the
higher the possibility to get a “default”.
It is composed of three main sources:
• Sovereign Risk
• Transfer Risk
• Generic Risk
It is measured through the use of the
Emerging Markets Bond Index (EMBI)
created by J.P. Morgan Chase.
Source: www.economia.com.mx, 2013
147
157
149
142
144
146
148
150
152
154
156
158
February March April
Country Risk
Note: Basis points
Country Risk

5. Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2013
The Mexican Stock Exchange (BMV) is a
public institution that operates under a
concession granted by the Ministry of
Finance (SHCP), observing the Mexican
Securities Law.
Given the world tendencies and legislation
changes, the BMV has already started its
demutualization process, but up to this date
its shareholders are authorized brokerage
firms, which own one share each.
Marketable Securities
• Capitals Market (Stocks, Fibras)
• Capital Development Market (CKDes)
• Debt Market
(Government, Short, Medium and Long
Term Debt).
44,120.99 44,077.09
42,263.48
41,000
41,500
42,000
42,500
43,000
43,500
44,000
44,500
February
28th
March
27th
April
30th
Price and Market Rates Index
(IPC)
Mexican Stock Exchange

6. Source: Mexican Central Bank, www.banxico.org.mx, 2013
The Mexican Central Bank (Banxico) carries
out operations in the securities market in
order to regulate the liquidity of Mexico’s
financial system.
It also undertakes primary auctions of
securities for the government and other
public sector entities, and issues regulations
on several financial operations of financial
intermediaries.
Cetes 28
Zero coupon bonds denominated in Mexican
Pesos issued by the Mexican Government, in a
28-days period.
4.13%
3.95%
3.76%
3.50%
3.60%
3.70%
3.80%
3.90%
4.00%
4.10%
4.20%
February 28thMarch 27thApril 30th
Government Securities
Auction’s Monthly Results
(Cetes 28-days)
Securities Market

7. Source: Mexican Central Bank, www.banxico.org.mx, 2013
Inflation can be defined as a continuous and
widespread increase in goods and services
prices.
The Consumer Price Index (CPI) is the
statistical instrument that calculates inflation
by continuously measuring the price changes
of households’ representative basket of
goods and services.
3.25%
3.55%
4.25%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
February March April
Yearly Inflation Rates per
Month
Inflation Rate

8. Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2013
The Investment Unit (Unidad de
Inversion, UDI) is the factor (value) to be
applied to the acquisition of mortgages.
The Mexican Central Bank is the responsible
authority to publish at the Mexico’s Official
Gazette its value in Mexican Pesos for each
day of the month.
4.917465
4.941512
4.971524
4.890000
4.900000
4.910000
4.920000
4.930000
4.940000
4.950000
4.960000
4.970000
4.980000
February
28th
March
27th
April
30th
Investment Unit (UDI)
Investment Unit (UDI)

9. Source: Public Accountants Mexican Association, IMCP, http://imcp.org.mx/, 2013
The Economic Confidence Indicator, IMCE, is
a diffusion indicator which aims to quantify
the expectation of the perceived business
climate through more than 20,000 registered
public accounting to nearly 60 colleges
affiliated to Public Accountants Mexican
Institute, IMCP.
The index can become one of the key leading
indicators to get a better overview of the
situation of the Mexican economy.
The indicator is divided into two main
components, which presents the current
perception in the business climate as well as
future perspectives. Its score is measured
through a range of 0 to 140 points, being
higher values optimistic and lower values
pessimistic.
Economic Confidence Indicator (IMCE)
73.12
76.85
74.62
$71
$72
$73
$74
$75
$76
$77
$78
February March April
Economic Confidence
Indicator

10. Source: Mexican Central Bank, www.banxico.org.mx, 2013
Known as financial assets invested abroad by
the Mexican Central Bank that can easily be
converted in means of payment.
According to the Mexican Central Bank, the
following concepts are considered as
International Reserves:
• Foreign banknotes and coins;
• Deposits, securities and stocks payable
outside of Mexico;
• Loans by Central Banks payable at no
longer than six months;
• The Special Drawing Rights at the
International Monetary Fund.
$164,715
$165,820
$167,136
$163,500
$164,000
$164,500
$165,000
$165,500
$166,000
$166,500
$167,000
$167,500
February
28th
March
27th
April
30th
International Reserves
(Million USD)
International Reserves

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