Volume

USD/MXN

Hourly volume (MM Base Currency)

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• In the recent market conditions, the average volume for USD/MXN is highest around London close and New York open. This is similar to pre-COVID market conditions.
• We notice an immediate and sharp drop in recent volume after London fixing hour (between 17:00 and 18:00 GMT), relative to pre-COVID market conditions.
• We also notice an immediate and sharp spike in recent volume a few hours into the London session (between 11:00 and 12:00 GMT), relative to pre-COVID market conditions.
• In the recent period, the volume has generally decreased, relative to the COVID peak period.