Convert AUD to MXN - Australian dollar to Mexican peso Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE AUD/MXN EXCHANGE RATE
The AUD/MXN symbol represents the pairing of Australian dollar against the Mexican peso - a highly volatile and exciting currency pair to trade in the forex market, but one that needs considerable familiarity and expertise in working with fundamental and technical indicators for analysis. Both the AUD and the MXN are closely correlated with commodities and experience ample volatility based on variations in the prices of key commodities in the international market.The Australian dollar enjoys a close correlation with gold, iron ore and coal - key exports from Australia. The Mexican peso, on the other hand, shares a positive correlation with crude oil - a key export out of Mexico. When the prices of these commodities fluctuate, the AUD/MXN currency pair's exchange rate also sees high price action. For instance, when the price of crude oil falls, the MXN weakens and this pair trades bullish, and vice versa.On the other hand, a strengthening in gold prices, which typically sends riskier currencies lower, serves to strengthen the AUD and drives bullish moves in AUD/MXN. This is because gold is an important export from Australia and when its price rises, its contribution towards the Australian economy increases, and hence, strengthens the value of the AUD.
AUD to MXN CONVERSION RATES
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AUD to MXN CHARTS
AUD/MXN Live Chart
AUD/MXN Historical Chart
AUD to MXN EXCHANGE RATE - FAQ
What economic events cause movements in the AUD/MXN exchange rate?

The AUD/MXN currency pair sees price action on the release of important economic data from Australia and Mexico, including GDP, inflation, employment, retail sales, trade balance, industrial production, business sentiment and consumer confidence. In addition, the release of crude inventories' data from the US also has an impact on the value of the MXN, and can drive moves in this currency pair.

How do central bank decisions affect AUD/MXN?

Whenever the Reserve Bank of Australia (RBA) or the Banco de Mexico announce changes to the monetary policy or interest rates, it causes changes to the value of the AUD or MXN respectively, and as a result, causes changes in the exchange rate of AUD/MXN. For instance, if the RBA hikes interest rates or tightens its monetary policy, the AUD strengthens and turns this pair bullish, and vice versa.

What was the lowest value of AUD/MXN this year?

The AUD/MXN forex pair touched a high of 16.3456 on 4 August 2020. This was the strongest level this pair touched so far this year.