Current Forecast of Mexican Peso to US Dollar
Units: MXN per USD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Mexican Peso to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The Mexican Peso
The Mexican peso, or peso or mxn, is the currency of the United Mexican States. The peso is the 8th most traded currency in the world.