Newsletter November 2014

Dear friends and colleagues,

Please receive our summary of business articles for this month.

With very best regards,

Armando Nuricumbo, CPA

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KEY MEXICO STATISTICS 2014

(Source: Mexico Central Bank)

NOV / OCT / SEP

Exchange Rate: MXN to USD

13.8965 / 13.4773 / 13.4330

Exchange Rate: MXN to EUR

17.3039 / 16.9585 / 16.9162

Exchange Rate: MXN to CAD

12.1832 / 11.9589 / 11.9804

Exchange Rate: MXN to GBP

22.0539 / 21.8432 / 22.0623

Country Risk (basis points)

171 / 166 / 157

Bolsa (IPC BMV)

44,190.47 / 45,027.52 / 44,985.66

Cetes 28d

2.76% / 2.90% / 2.85%

Inflation

4.30% / 4.22% / 4.14%

UDIs

5.229056 / 5.200303 / 5.178631

IMCE IMCP BURSAMETRICA (Economic Confidence)

71.39 / 72.43 / 72.82

International Reserves (M USD)

$192,966.1 / $190,731.3 / $190,688.4

Graphical Summary of Key Mexico Statistics at:

http://www.slideshare.net/nuricua/key-mexico-statistics-sept-nov-2014

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently” – Warren Buffet.