I'm a financial expert with a profound understanding of currency exchange markets and a track record of providing accurate and insightful information. My expertise is built on years of experience in analyzing exchange rates, market trends, and economic indicators. I've closely followed the USD to MXN exchange rate, utilizing a combination of technical analysis, historical data, and economic factors to make informed predictions.
Now, delving into the information provided, the table outlines the USD to MXN exchange rates over a specific period, culminating in a summarized statistical overview. Here's a breakdown of the concepts used in the article:
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Exchange Rate Basics:
- An exchange rate is the value of one currency in terms of another. In this context, it's the value of 1 US Dollar (USD) in Mexican Pesos (MXN).
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Date:
- The table displays a series of dates, indicating the exchange rates for each corresponding day. This chronological arrangement allows for tracking changes over time.
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Historical Exchange Rates:
- The historical rates show fluctuations in the USD to MXN exchange rate, providing a retrospective view of how the currency pair has performed.
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Rate Values:
- The numerical values represent the exchange rate on a given date. For example, "1 USD = 17.139 MXN" signifies that 1 US Dollar is equivalent to 17.139 Mexican Pesos on December 20, 2023, at 12:27.
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Minimum, Maximum, and Average Rates:
- The summary at the end provides statistical insights:
- Minimum: 16.686 MXN
- Maximum: 18.352 MXN
- Average: 17.319 MXN
- The summary at the end provides statistical insights:
These values offer a range within which the USD to MXN exchange rate fluctuated during the specified period. The minimum reflects the lowest observed rate, the maximum shows the highest, and the average provides a central tendency measure.
In conclusion, this data not only serves as a record of past exchange rates but also enables analysis for trends, potential patterns, and informs individuals or businesses engaged in cross-border transactions about the historical performance of the USD to MXN exchange rate.
