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1 Monthy Di-Visor FED Pospones Hike Fed postpones hike Monthly Report March 30th, Elaborated by: Monex Research USD$/EUR$ Estimates USD$/EUR$ Open, High, Low and Close Annual CPI (%) e 3.2 e 3.0 e U. Kingdom 4Q14 1Q15 2Q15 3Q15 4Q USD$/GBP e 1.48 e 1.48 e BoE (%) e 0.50 e 0.60 e Annual CPI (%) e 0.20 e 0.40 e MXN$/USD$ Estimates Annual CPI (%) e 3.2 e 3.0 e 2.9 U. Kingdom 4Q14 1Q15 2Q15 3Q15 4Q15 MXN$/USD$ USD$/GBP Open, 1.56 High, Low 1.51 and e Close 1.48 e 1.48 e 1.50 BoE (%) e 0.50 e 0.60 e Annual CPI (%) e 0.20 e 0.40 e

2 USD$/GBP$ Estimates Monthly Report Currency Analysis Annual CPI (%) e 3.2 e 3.0 e 2.9 U. Kingdom 4Q14 1Q15 2Q15 3Q15 4Q15 USD$/GBP e 1.48 e 1.48 e 1.50 BoE (%) e 0.50 e 0.60 e 0.70 Annual CPI (%) e 0.20 e 0.40 e 1.00 USD$/GBP$ Open, High, Low and Close and Infosel 2

3 Monthly Report Statistics Currency Returns Country Currency Abbreviation Actual 1 Month 3 Months 6 Months 12 Months 2014 % % % % % % % USA USD/EUR % % % % -9.99% % 4.12% U. K. USD/GBP % -4.39% -8.23% % -4.48% % 1.67% Europe Eurozone Euro EUR/USD % 11.64% 16.00% 26.45% 11.10% 28.51% -3.96% U. K. Pound Sterling GBP/USD % 4.59% 8.97% 11.98% 4.69% 15.55% -1.64% Bulgaria Lev BGN/USD % 11.63% 15.98% 26.43% 11.10% -3.92% 28.54% Hungary Forint HUF/USD % 6.51% 12.06% 23.54% 5.39% -5.74% 26.91% Russia Ruble RUB/USD % 2.61% 46.08% 64.47% -4.75% % 72.43% Turkey Lira TRY/USD % 12.13% 14.59% 21.95% 11.80% -1.43% 26.62% Switzerland Franc CHF/USD % -2.74% 0.70% 8.73% -3.27% -6.07% 29.87% Iceland Krona ISK/USD % 6.99% 12.32% 20.38% 6.45% -3.61% 21.72% Czech Republic Krona CZK/USD % 10.75% 15.94% 26.61% 10.40% -3.33% 28.89% Norway Krona NOK/USD % 7.33% 24.09% 33.16% 7.01% -5.28% 36.33% Sweden Krona SEK/USD % 10.92% 19.04% 32.66% 9.99% -2.72% 33.31% Asia Japan Yen JPY/USD % -0.29% 8.65% 15.40% -0.54% -2.38% 18.16% China Renmindi CNY /USD % 0.21% 1.24% -0.02% 0.16% -0.99% 1.76% India Rupee INR/USD % -1.52% 1.07% 4.22% -0.99% -2.30% 7.00% South Korea Won KRW/USD % 0.39% 4.56% 3.63% 1.13% -3.00% 9.42% Taiwan Taiwan TWD/USD % -1.47% 2.75% 2.55% -1.24% -2.43% 4.78% LatAm Argentina Peso Argentino ARS/USD % 3.01% 4.52% 10.07% 4.06% -0.11% 10.49% Brazil Real BRL/USD % 22.28% 32.81% 43.04% 22.28% -1.96% 48.85% Chile Peso Chileno CLP/USD % 2.80% 4.14% 13.39% 2.74% -3.16% 14.59% Colombia Peso COP/USD % 7.53% 26.31% 29.75% 7.62% -5.26% 39.06% Mexico Colombiano Peso Méxicano MXN/USD % 3.40% 13.47% 16.69% 3.29% -2.75% 18.86% Peru Nuevo Sol PEN/USD % 3.31% 6.99% 10.11% 3.79% -0.51% 12.31% Venezuela Bolívar VEF/USD % 0.00% 0.00% 0.00% 0.00% -0.91% 0.07% Other Canada CAD/USD % 8.60% 12.60% 14.11% 8.50% -1.76% 18.72% Australia AUD/USD % -5.27% % % -5.17% % 2.53% 12 Months Return 1 Month Return High 52 Weeks Low 52 Weeks Russia Brazil Norway Sweden Colombia Czech Republic Eurozone Bulgaria Hungary Turkey Iceland Mexico Japan Canada Chile U. K. Peru Argentina Switzerland India South Korea Taiwan Venezuela China Australia -16.3% 43.0% 33.2% 32.7% 29.8% 26.6% 26.4% 26.4% 23.5% 21.9% 20.4% 16.7% 15.4% 14.1% 13.4% 12.0% 10.1% 10.1% 8.7% 4.2% 3.6% 2.5% 64.5% Brazil Turkey Norway U. K. Sweden Eurozone Bulgaria Czech Republic Iceland Mexico Hungary Chile India Argentina Colombia Canada Switzerland South Korea Venezuela Peru Australia Taiwan Japan China Russia -7.5% -0.2% -0.5% -0.8% - 3.7% 3.7% 3.3% 3.0% 2.7% 2.7% 2.6% 1.7% 1.5% 1.2% 0.6% 0.3% 0.2% 12.2% Note: The market rates reflect the information of Bloomberg s Benchmarks. 3

4 Monthly Report Forecasts and Statistics Currency Rates Matrix Currency USD Euro Yen Pound Renmindi Hong Kong Indee Rupee South Korean Won Russian Ruble Turkish Lira Swiss Franc Argentine Peso Brazil Real Chilean Peso Colombian Peso Mexican peso USD Euro Yen Pound Renmindi Hong Kong Indee Rupee South Korean Won Russian Ruble Turkish Lira Swiss Franc Argentine Peso Brazil Real Chilean Peso Colombian Peso Mexican peso Canadian Canadian Note: The market rates reflect the information of Bloomberg s Benchmarks. Main Global Economic Projections PIB (%) Inflación (%) Tasa de Referencia (%) Divisa Q 2Q 3Q 4Q 1Qe 2Qe 3Qe 4Qe Q 3Q 4Q 1Qe 2Qe 3Qe 4Qe 2Q 3Q 4Q 1Qe 2Qe 3Qe 4Qe 2Q 3Q 4Q 1Qe 2Qe 3Qe 4Qe Annualized Quarterly Change Annual Change Federal Reseve Bank USA Eurozone Germany France Annual Change Annual Change Bank of England USD$/GBP End of Period U. Kingdom Annual Change Annual Change Bank of Japan YEN /USD$End of Period Japan Annual Change Annual Change Bank of China CNY /USD$ End of Period China Annual Change Annual Change Bank of Brazil BRL$/USD$ En of Period Brazil Annual Change Annual Change Bank of México MXN$/USD$ End of Period México

5 Monthly Repot Directory Directory México Estados Unidos Londres Head of Research Chief Economist Director of Markets FX Market Analyst Carlos A. González T. Eduardo Ávila V. John Doyle Eimear Daly T T T T Telecom/Transport Economic Analyst FX Trader and Strategist Valeria Romo M. Daniela Ruíz Zárate Andrew Dilz vlmartinez@monex.com.mx daruiz@monex.com.mx adilz@tempus-us.com T Ext T T Retail/Beverages Technical Analysis Verónica Uribe Boyzo J. Francisco Caudillo Lira veuribe@monex.com.mx fanfuentes@monex.com.mx T Ext T Industrial/Mining Debt Fernando E. Bolaños S. Stephany Ramírez Rojas fbolanos@monex.com.mx sramirezro@monex.com.mx T Ext T Ext Construction/Housing Analyst J.Roberto Solano P. Ana Cecilia González R. jrsolano@monex.com.mx acgonzalez@monex.com.mx T Ext T Ext Data Vianney Sánchez G. visanchez@monex.com.mx T Ext DISCLAIMER IMPORTANT DISCLOSURES: To consult the disclosures related with a specific asset, visit Monex s webpage at where you will find detailed reports. OTHER IMPORTANT DISCLOSURES: The information transmitted in this is only for the intended addressee(s) and is strictly confidential, and for the exclusive reading of the intended recipient(s). Therefore, the reproduction, distribution or copy hereof is strictly forbidden. If you have received this in error, please contact the sender and proceed to immediately delete it from all your boxes.the recipient is fully responsible for checking this or its attachments to avoid virus-related problems. This was prepared by Monex Casa de Bolsa, S.A. de C.V., Monex Grupo Financiero (here in after Monex ) with public information obtained from sources deemed reliable. However, there is no warranty, expressed or implied, of its reliability, and thus Monex does not give any warranty regarding the accuracy or integrity of the information. Investors having access to this should be aware that the assets, instruments or investments referred to herein may not be adequate for their specific investment goals, financial position or risk profile. The content of this message is not intended as a solicitation, recommendation or offer from Monex to buy, sell or subscribe any kind of assets or to carry out any particular transaction. Monex does not and shall not undertake any and all obligations derived from the content of this document; thus, no third party may claim any damages, losses or equity detriment resulting from the investment decisions based here on. The opinions expressed herein only represent the view of the analyst and do not represent the view of Monex or its executives. The employees of the promotion and trading areas, as well as the top executives or any other Monex professional might provide their customers with comments regarding the market, either verbal or in writing, which might reflect views contrary to the views expressed herein. Monex or any of its promoters, operators, affiliates or stakeholders might even make investment decisions that are inconsistent with the opinions expressed in this document. No part of this may be copied, forwarded, retransmitted or quoted without the express written authorization of Monex. 5

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