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Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

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Euros to Pesos

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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Why Trade?

About

History

Why Trade?

The EURMXN pair represents the exchange rate between the Euro and the Mexican Peso. It indicates how many Mexican Pesos are needed to buy one Euro. This currency pair is not as commonly traded as major pairs, but it still attracts attention from traders looking for opportunities to diversify their portfolios. Here's how the conversion works: For example, if the Euro to pesos exchange rate is 25 MXN per EUR, then to convert 100 EUR to MXN, you would multiply 100 by 25 to get 2,500 MXN.

Since the introduction of the Euro in 1999, EURMXN has experienced a significant upward trend, with occasional dips and spikes due to political and economic events in both the European Union and Mexico. However, in recent years, the pair has been trading within a relatively narrow range, making it a more stable option for traders. Understanding the historical price data and analysis of this pair can provide valuable insights for making informed trading decisions.

The price history of EURMXN has been volatile and impacted by various economic, political, and social factors. The pair initially started trading at around 8 MXN per EUR in 1999, and then steadily increased in value over the years, reaching a peak of over 25 MXN per EUR in 2008 during the global financial crisis.

Following the crisis, the pair experienced a period of stability, trading within a range of 15 to 20 MXN per EUR. However, in 2016, the Mexican Peso faced significant devaluation due to concerns over U.S.-Mexico trade relations, leading to a surge in EURMXN, with the pair reaching a high of over 23 MXN per EUR.

Since then, the currency pair has been trading within a range of 19 to 25 MXN per EUR, with occasional spikes due to political uncertainty and global economic factors. Overall, the price history of this pair reflects the complex interactions between various factors, making it challenging to predict future movements accurately.

Traders may consider trading EURMXN for its volatility and potential for profit, as well as the opportunity to diversify their portfolio with exposure to the Mexican Peso. The Mexican economy is heavily dependent on the United States, and the pair can be affected by changes in U.S. economic policy, making it an interesting currency to trade.

Other currency pairs that traders may consider include major currency pairs such as EUR/USD, USD/JPY, and GBP/USD, which have high liquidity and lower volatility. Cross-currency pairs such as EUR/GBP and AUD/NZD can also provide opportunities for trading based on relative strength or weakness of the underlying currencies. Traders should carefully evaluate their risk tolerance and conduct thorough analysis before making any trading decisions.

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Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
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Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.

Forex
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage

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Trade on volatility

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Enjoy huge liquidity

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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Thank you for considering Skilling!

You are about to visit: https://skilling.com/row/ which is operated by Skilling (Seychelles) Ltd, under the Financial Services Authority Seychelles License No: SD042. Before opening an account, please read the terms & conditions and contact our customer support for any questions.

Thank you for considering Skilling!

You are about to visit: https://skilling.com/row/ which is operated by Skilling (Seychelles) Ltd, under the Financial Services Authority Seychelles License No: SD042. Before opening an account, please read the terms & conditions and contact our customer support for any questions.

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