This spread is adjusted using the implied volatility in FX options with three-month maturity. Source: Central Bank of Mexico using information from Bloomberg. The accumulation of international reserves by EMEs is a phenomenon interesting to analyze in detail.
During its history, this location has changed its function many times ranging from a private estate… to a Catholic church…. to a recovery center for soldiers and conference venue of a large Dutch commercial bank. In addition – and this will probably not say much to any of you – it is also the location of a famous soap opera on Dutch television.