Mexican Peso Futures Margin & Contract Specifications

What Is the Mexican Peso?

The Mexican peso (MXN) is the legal tender of Mexico. It is the most actively traded currency in Latin America and one of the most liquid among emerging-market currencies, often used as a barometer of emerging-market risk sentiment. Mexican peso futures are traded on the Chicago Mercantile Exchange (CME).
Banco de México has maintained relatively high interest rates (around 7% by the end of 2025), attracting substantial carry-trade inflows seeking yield.

Factors Affecting the Mexican Peso

1. Banco de México (Banxico) Monetary Policy

Mexico’s policy rate remains around 7.00%. Although the country is in an easing cycle, rates are still highly attractive relative to developed markets. Investors often borrow low-yield currencies such as the Japanese yen or Swiss franc to buy the higher-yielding peso. As long as the interest-rate differential with the U.S. Federal Reserve remains wide enough, the peso tends to be supported.

2. Inflation and Economic Growth in Mexico

High inflation prompts Banxico to keep rates elevated, which can support the peso in the short term. However, if inflation becomes unanchored, confidence in the peso may weaken, pressuring prices lower. Conversely, if inflation slows faster than expected, the central bank may accelerate rate cuts, potentially weighing on the peso in the near term.

3. U.S.–Mexico Trade Relations

Mexico is the United States’ largest trading partner, so bilateral relations directly affect the peso. The peso is highly sensitive to U.S. economic data and developments related to the USMCA. Any talk of renegotiation or tariffs by the U.S. can trigger significant peso volatility.
Starting January 2026, Mexico plans to raise import tariffs on countries without free-trade agreements—protecting domestic industries but also risking cost-push inflation via higher supply-chain costs.

4. U.S. Economic Conditions and the U.S. Dollar

Because the U.S. is Mexico’s top trading partner, U.S. manufacturing, consumption, and employment directly influence Mexican exports; a U.S. downturn typically pressures the peso.
In addition, a weaker U.S. dollar tends to support peso appreciation, while a stronger dollar usually weighs on the peso.

5. Nearshoring Trend

As global supply chains shift from Asia back to North America, Mexico is a major beneficiary due to its geographic advantages. More manufacturing investment is expected in 2026, particularly in automotive and electronics, providing long-term support for the peso.

6. Remittances

Remittances from Mexicans living in the U.S. are a crucial source of foreign exchange. When the U.S. labor market is strong, dollar inflows to Mexico increase, typically supporting the peso. Remittances usually account for over 4% of Mexico’s GDP.

7. Crude Oil Prices

Mexico is an important oil producer. Although the peso’s correlation with oil prices has weakened in recent years, the fiscal health of state-owned PEMEX and oil export revenues still affect sovereign credit perceptions. A global oil-price decline due to oversupply can put downward pressure on the peso.

8. Global Risk Sentiment

The Mexican peso is a high-volatility emerging-market currency that is closely linked to equities and credit markets. When risk appetite rises, the peso tends to appreciate; when risk aversion increases, the peso typically depreciates.

Mexican pesos Margin

How much money is needed to trade futures? At the beginning, the required margin is the initial margin. While holding a position, the margin after deducting floating profits and losses must remain above the maintenance margin; otherwise, a margin call will be issued. For day-trading margin, only half of the margin is required, provided the position is closed before the market closes.

Foreign Futures

Mexican pesos Contract Specifications

Here is a summary for traders of the contract specifications, exchange, trading hours, minimum price fluctuation, and available trading months for Mexican pesosFutures.

Mexican pesosLast Trading Day

Futures