2004
Mes	Inflación			Cotización MXP/USD		Sobre/Sub-	Volumen (x 1,000,000)
	MEXICO	USA	Dif.	Teórica	Libre	Valuación	Export	Import	Saldo	Acum.
ENE	0.62%	0.50%	0.12%	$14.154	$11.044	28.2%	$12,680	$12,873	-$193	-$193
FEB	0.60%	0.30%	0.30%	$14.196	$11.065	28.3%	$14,024	$14,076	-$52	-$245
MAR	0.34%	0.50%	-0.16%	$14.174	$11.124	27.4%	$16,591	$16,769	-$178	-$423
ABR	0.15%	0.20%	-0.05%	$14.167	$11.414	24.1%	$14,945	$15,425	-$480	-$903
MAY	-0.25%	0.60%	-0.85%	$14.046	$11.444	22.7%	$16,095	$16,062	$33	-$870
JUN	0.16%	0.30%	-0.14%	$14.027	$11.513	21.8%	$16,538	$17,021	-$483	-$1,353
JUL	0.26%	-0.10%	0.36%	$14.077	$11.416	23.3%	$14,960	$15,848	-$888	-$2,241
AGO	0.62%	0.10%	0.52%	$14.150	$11.380	24.3%	$16,961	$17,601	-$640	-$2,881
SEP	0.83%	0.20%	0.63%	$14.239	$11.378	25.2%	$16,280	$16,755	-$475	-$3,356
OCT	0.69%	0.00%	0.69%	$14.338	$11.534	24.3%	-	-	$0	-$3,356
eNOV	0.60%	-0.20%	0.80%	$14.452	$11.600	24.6%	-	-	$0	-$3,356
eDIC	0.40%	0.20%	0.20%	$14.481	$11.700	23.8%	-	-	$0	-$3,356
Inflación estimada
2004	5.13%	2.63%	3.50%	NSC Asesores, S.A. de C.V.
e = estimado