Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mexico Peso Volatility Falls as Investors Await Energy Law Rules

Mexico’s peso volatility dropped for a sixth day as investors awaited the presentation of proposed regulations to put into effect constitutional changes that were enacted to support growth.

Three-month historical volatility, a measure of the peso’s fluctuations during the period, declined to 9.2 percent today, according to data compiled by Bloomberg. The peso appreciated 0.2 percent to 13.0301 per U.S. dollar, the biggest advance against the dollar among the greenback’s 16 most-traded counterparts.

Investors are waiting for President Enrique Pena Nieto to propose rules for implementing constitutional changes to open the energy industry, which his administration predicts will boost growth by 1 percentage point by the end of his term. Finance Minister Luis Videgaray had said he wanted the measures, known as secondary laws, to be presented and passed by next week, when the current congressional session ends.

“The market is waiting for the passage of the secondary laws,” Ramon Cordova, a trader at Banco Base SA, said in a telephone interview.

The head of the Senate’s energy committee said last week that a special session would be needed to consider the government’s energy proposal.

The yield on peso securities maturing in 2024 rose four basis points, or 0.04 percentage point, to 6.24 percent today. The price fell 0.39 centavos to 129.17 centavos per peso.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.