Get an overview of the main financial indicators of the Mexican economy for the February - April 2012 period.

1. Key Mexico
Statistics
February - April 2012
Nuricumbo + Partners
Audit • Finance • Risk • Strategy • Business Development

2. Outline
1 Exchange Rates
2 Country Risk
3 Mexican Stock Exchange
4 Securities Market
5 Inflation Rate
6 Investment Unit (UDI)
7 International Reserves

3. Exchange Rates
29/02/12 30/03/12 30/04/12 29/02/12 30/03/12 30/04/12
$12.7891 $12.8093 $12.9942 $17.1911 $17.0786 $17.1757
$13.40 €18.50
$13.20 €18.00
$13.00
€17.50
$12.80
$12.60 €17.00
$12.40 €16.50
$12.20 €16.00
February March April February March April
29/02/12 30/03/12 30/04/12 29/02/12 30/03/12 30/04/12
$20.6802 $20.7933 $21.3460 $12.9685 $12.8238 $13.1441
£22.00 $13.60
£21.50 $13.40
£21.00 $13.20
£20.50 $13.00
£20.00 $12.80
£19.50 $12.60
£19.00 $12.40
February March April February March April
Note: Mexican Pesos per Currency
Source: Mexican Central Bank, www.banxico.org.mx, 2012

4. Country Risk
The Country Risk indicates the possibilities
that an emerging country has to fail on the
fulfillment of its obligations over external Country Risk
debt payments, whether for capital or 178
180
interests. The higher the Country Risk, the
higher the possibility to get a “default”. 175
It is composed of three main sources: 170
165
• Sovereign Risk
160 159 159
• Transfer Risk
155
• Generic Risk 150
It is measured through the use of the 145
Emerging Markets Bond Index (EMBI) February March April
created by J.P. Morgan Chase.
Note: Basis points
Source: www.economia.com.mx, 2012

5. Mexican Stock Exchange
The Mexican Stock Exchange (BMV) is a
public institution that operates under a
concession granted by the Ministry of Price and Market Rates Index
Finance (SHCP), observing the Mexican (IPC)
Securities Law. 40,000
39,521.24
Given the world tendencies and legislation 39,500 39,225.29
changes, the BMV has already started its 39,000
demutualization process, but up to this date
its shareholders are authorized brokerage 38,500
firms, which own one share each. 38,027.31
38,000
Marketable Securities 37,500
• Capitals Market (Stocks, Fibras)
37,000
• Capital Development Market (CKDes)
• Debt Market February March April
(Government, Short, Medium and Long 29th 30th 30th
Term Debt).
Source: Mexican Stock Exchange (BMV), http://www.bmv.com.mx/, 2012

6. Securities Market
The Mexican Central Bank (Banxico) carries
out operations in the securities market in Government Securities
order to regulate the liquidity of Mexico’s Auction’s Monthly Results
financial system. (Cetes 28-days)
4.34% 4.33%
It also undertakes primary auctions of 4.32%
securities for the government and other 4.30%
public sector entities, and issues regulations 4.28% 4.27%
on several financial operations of financial
intermediaries. 4.26% 4.25%
4.24%
Cetes 28 4.22%
Zero coupon bonds denominated in Mexican 4.20%
Pesos issued by the Mexican Government, in a February 29th
March 30thApril 30th
28-days period.
Source: Mexican Central Bank, www.banxico.org.mx, 2012

7. Inflation Rate
Yearly Inflation Rates per
Inflation can be defined as a continuous and Month
4.00%
3.90% 3.87%
widespread increase in goods and services
3.80% 3.73%
prices.
3.70%
3.60%
The Consumer Price Index (CPI) is the
3.50%
statistical instrument that calculates inflation 3.40% 3.34%
3.30%
by continuously measuring the price changes
3.20%
of households’ representative basket of 3.10%
goods and services. 3.00%
February March April
Source: Mexican Central Bank, www.banxico.org.mx, 2012

8. Investment Unit (UDI)
Investment Unit (UDI)
The Investment Unit (Unidad de 4.760000 4.759784
4.759500
Inversion, UDI) is the factor (value) to be
4.759000 4.758819
applied to the acquisition of mortgages.
4.758500
The Mexican Central Bank is the responsible 4.758000 4.757721
authority to publish at the Mexico’s Official 4.757500
Gazette its value in Mexican Pesos for each 4.757000
4.756500
day of the month.
February March April
29th 30th 30th
Source: Mexican Central Bank, www.banxico.org.mx and Ministry of Finance, www.sat.gob.mx, 2012

9. International Reserves
Known as financial assets invested abroad by
the Mexican Central Bank that can easily be International Reserves
converted in means of payment. (Million USD)
$153,000 $152,417
According to the Mexican Central Bank, the
$152,000
following concepts are considered as
International Reserves: $151,000
$150,000
• Foreign banknotes and coins; $149,000
$147,968 $148,123
• Deposits, securities and stocks payable $148,000
outside of Mexico; $147,000
• Loans by Central Banks payable at no $146,000
longer than six months; $145,000
February March April
• The Special Drawing Rights at the
29th 30th 30th
International Monetary Fund.
Source: Mexican Central Bank, www.banxico.org.mx, 2012

10. Contact
Address: Plateros 16 – 504, San Jose Insurgentes 03900, Mexico City
Tel. Office: + 52 (55) 5339 5839
Mobile: + 52 (55) 5453 6309
E-mail: armando@nuricumbo.com Web: www.nuricumbo.com
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