The Mexican peso has completed a year as a CLS-eligible currency. During June 2009, the peak month to date, the average daily volume of instructions settled in Mexican peso was 2,468 with a USD equivalent value of $15 billion, compared with 1,389 worth $17 billion in June 2008 – a volume growth of over 77%.
Some 38 CLS Member banks are active in Mexican peso settlement.
CLS eliminates FX settlement risk through the world’s first simultaneous global multi-currency settlement system, settling payment instructions derived from foreign exchange deals.
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