CONVEX

Emerging Markets

Brazil, Mexico, India, Turkey, South Africa, and broader emerging markets. Local policy rates, inflation prints, and currency moves vs the dollar.

Emerging markets amplify every dollar and rate cycle. Central banks in Brazil, Mexico, and Turkey have typically led the Fed by months, cutting or hiking before the U.S. does. FX volatility vs the dollar is the dominant driver of EM equity and debt returns, so tracking local rates, inflation, and currency together is essential for separating idiosyncratic stress from generic dollar strength.

Data as of · 19 metrics with live data

Brazil CPI Index

monthly
168.82

Brazil consumer price index (OECD MEI, 2015=100); the BCB's inflation target anchor.

Mexico CPI Index

monthly
155.16

Mexico consumer price index (OECD MEI, 2015=100); Banxico's policy anchor.

South Africa CPI Index

monthly
157.68

South Africa consumer price index (OECD MEI, 2015=100); SARB's policy guide.

Turkey CPI Index

monthly
1167.85

Turkey consumer price index (OECD MEI, 2015=100); reflects the TCMB era of unconventional policy and subsequent normalization.

Russia CPI Index

monthly
150.35

Russia consumer price index (OECD MEI, 2015=100); note post-2022 sanctions regime may shift data coverage and reliability.

USD/KRW

daily
1,483.9

US dollar to South Korean won exchange rate; Asian risk barometer and semiconductor-cycle proxy.

USD/INR

daily
92.9

US dollar to Indian rupee exchange rate; RBI intervenes actively to smooth volatility.

USD/THB

daily
31.81

US dollar to Thai baht exchange rate; ASEAN bellwether after the 1997 crisis reshaped EM architecture.

USD/TWD

daily
31.59

US dollar to Taiwan dollar exchange rate; semiconductor supply-chain currency.

USD/ZAR

daily
16.21

US dollar to South African rand exchange rate; high-beta EM currency tracking gold, platinum, and global risk appetite.

USD/MYR

daily
3.95

US dollar to Malaysian ringgit exchange rate; a commodities-linked ASEAN currency tied to palm oil and LNG exports.

Mexico CPI Inflation (WEO)

annual
4.72%

Annual headline CPI inflation rate for Mexico (IMF WEO). Banxico targets 3% ±1pp.

Brazil CPI Inflation (WEO)

annual
4.37%

Annual headline CPI inflation rate for Brazil (IMF WEO). BCB targets 3% with a ±1.5pp tolerance.

Argentina CPI Inflation (WEO)

annual
219.88%

Annual headline CPI inflation rate for Argentina (IMF WEO). Hyperinflation regime; triple-digit readings in 2023-24 during stabilization.

South Africa CPI Inflation (WEO)

annual
4.36%

Annual headline CPI inflation rate for South Africa (IMF WEO). SARB targets a 3-6% band; inflation historically sits near the midpoint.

Turkey CPI Inflation (WEO)

annual
58.51%

Annual headline CPI inflation rate for Turkey (IMF WEO). Unconventional policy drove the inflation regime into hyperinflation-adjacent readings post-2021.

Brazil Selic Target Rate

daily
14.75%

Banco Central do Brasil target Selic rate, the overnight policy rate set by the Copom (SGS series 432).

Brazilian Real / US Dollar (PTAX)

daily
4.97

Daily USD/BRL PTAX closing rate (BCB reference "venda" quote, SGS series 1). The benchmark for BRL trade and contract settlement.

Mexico Overnight Target Rate

daily
5.52%

Banxico target for the interbank overnight rate, set at the biweekly Junta de Gobierno meeting (SIE series SF61745). Mexico’s policy rate.

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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated at varying frequencies. This page is for informational purposes only and does not constitute financial advice.