The Mexican peso is trading at fresh YTD highs to the dollar on Wednesday session, last at 18.1353, high at 18.0706, the rate is the strongest for the MXN since 2018
So far in 2023, the Mexican peso leads EMFX gains to the dollar, up 7.52%. The only currency to come close in LatAmFX is the Chilean peso, up 4.98% to the dollar
Mexican 3mo implied rates stand among the top in the group at 11.86%, the BRL equivalent ticks at 12.48%. In vol, the BRL 3m IV reads 17.05%, while the MXN last price is at 10.65%
MXN YTD spot + interest return sums up to a carry rate of 8.77% as interest return stands at 1.25%


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