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Ques is the kind of change?


With the type or rate of change expresses the value of a currency or foreign currency expressed in domestic currency units. This definition follows the British convention. The peseta, however, followed the European system for its definition: the exchange rate were necessary to get another pesetas currency.
can be distinguished two types of changes: the real and nominal.
The real is defined as the ratio at which a person can exchange goods and services of one country by another.
The nominal, on the other hand, is the rate at which a person can exchange currency for another country. The latter is the most frequently used. This distinction is necessary to appreciate the real purchasing power of foreign currency and avoid confusion.
exchange rate system: a set of rules that describe the behavior of central bank foreign exchange market. It identifies two opposing systems of exchange rates:
fixed exchange rate, is determined rigidly by the Bank central.
flexible exchange rate or floating: in this case is determined by the interplay of supply and demand.
Time: The time for the settlement of foreign exchange transactions.
Exchange Rate Spot: The spot exchange rate refers to the current exchange rate, ie cash transactions.
forward rate (forward): The forward rate indicates the price of the currency in transactions in the present, but whose settlement date is in the future, for example, within 180 days.
Influence on the Fiscal Deficit:
fixed exchange rate:
fiscal deficit analysis is complicated when the exchange rate is fixed. Under a system of type exchange rate, the central bank determines the money supply actually just as in a closed economy or when operating under a flexible exchange rate. Recall that under fixed exchange rate variation in the money supply is endogenous, and responds to purchases and sales of foreign currency made by the central bank to meet its commitment to maintain a fixed exchange rate.

The following link you can access the bank website and check mexico exchange rate of the current day. Http://www.banxico.org.mx/eInfoFinanciera/InfOportunaMercadosFin/MercadoCambios/TiposCambioDolar/TiposCambioPesoDolar.html