Banco de Mexico's foreign exchange market operations history

Banco de Mexico's foreign exchange market operations history

Banco de Mexico's foreign exchange market operations history

Mechanisms

  • February 2017 - August 2023. Foreign Exchange Hedges auctions
  • December 2014 - February 2016. USD auctions with a minimum price
  • March 2015 - November 2015. USD auctions without a minimum price
  • November 2011 - April 2013. USD auctions with a minimum price
  • February 2010 - November 2011. Dollar purchases through the put options mechanism
  • April 2009 - February 2010. Drawing of the Federal Reserve swap line and auction from the US dollar loan facility
  • March 2009 - September 2009. USD auctions without a minimum price
  • October 2008 - April 2010. USD auctions with a minimum price
  • October 2008 - Extraordinary auctions of US dollars
  • May 2003 - July 2008. Mechanism to slow the pace of international reserve accumulation
  • February 1997 - June 2001. Contingent dollar sales mechanism
  • August 1996 - June 2001. Dollar purchases through the put options mechanism

Direct operations

  • US dollar sales

Publications related to Banco de Mexico's foreign exchange market operations

  • 1996. A strategy for reserve accumulation via US dollar sales options. Banco de México’s case
  • 2005. Central banking intervention under a floating exchange rate regime: Ten years of Mexican experience
  • 2005. Policies for international reserve accumulation under a floating exchange rate regime: The experience of Mexico (1995-2003)