Boletin Solo Negocios

Solo Negocios Bulletin


i

Date

November 12, 2018

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Solo Negocios Tip Today, in the Solo Negocios Bulletin, macroeconomic and financial indicators resulting in appreciation for the Peso, negative stock markets, MX will lower amounts in debt auctions, to influence the rate; Citibanamex forecasts macro deterioration, global oil down. We issue also the Solo Negocios Tip. We hope all the SNB is useful for you; and remember that:

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ECONOMIC INDICATORS Foreign Exchange and Metal Markets

Concept Buy Variation % Var.30 days % US Dollar National Average 19.51 1.16% 8.35% US Dollar Minimum National 18.90 At Azteca US Dollar Maximum National 20.10 At Inbursa Spread Minimum 0.46 @ HSBC Maximum Fix US Dollar Today 20.0438 1.11% 5.37% US Dollar Interbank (48h.) 20.3265 -0.11% 8.22% US Dollar Juarez Average 19.03 1.96% 5.74% Peso Futures (CME) November 2018 Pesos in USD 0.04910 -0.61% -6.05% USD/pesos Conversion 20.3666 0.61% 6.44% Canadian Dollar 15.33 0.01% 5.48% Brazilian Real 5.40 0.34% 17.14% Euro 22.81 -0.50% 5.70% Sterling Pound 26.07 -0.90% 7.36% Japanese Yen 0.1777 0.09% 8.74% Chinese Yuan 2.9066 -0.04% 7.22% Bitcoin 127,897.79 0.14% 4.12% Gold Ounce (international) 24,487.85 0.53% 8.31% Silver Ounce (international) 286.46 0.50% 3.82% Libertad Gold Ounce (MX) 21,476.00 -0.05% 10.85% Libertad Silver Ounce (MX) 363.50 -0.41% 5.36% Bloomberg Dollar Spot Index 1,211.33 0.40% Yield 4.64% Euro in USD (spot) 1.1239 -0.86% USD in Yen (spot) 113.8700 0.04% Sterling Pound in USD (spt) 1.2870 -0.79% Yen in Euro (spot) 127.9800 -0.78% Euro in Sterling Pound (spt) 0.8733 -0.05% Yen Euros USD in Hong Kong Dollars(spt) 7.8329 0.01%

Sale 20.54 20.09 20.99 1.57 @ Scotiabank

+1d 20.3614 20.3340 19.62 0.04888 20.4583 15.33 5.41 22.83 26.09 0.1778 2.9102 127,897.79 24,487.85 286.46 26,954.00 497.50

Variation % Var.30 days % Technical Note 0.72% 7.57% The Peso is appreciated; pressures: At Azteca + MORENA. Persists in initiative to modify the banking At Monex commission scheme. Average 1.02 + BDSI +0.61%. 1.58% 7.04% + USA Holiday "Veteran's Day". -0.11% 8.23% 1.89% 5.35% + Trade War. Fears of global slowdown, December 2018 + EU. BREXIT. and Italy budget generate Uncertainty. -0.61% -6.07% + Oil down. 0.61% 6.46% + Forex. Demand by weight in 5 weeks on the downside due -0.01% 5.48% to a revaluation of the dollar and uncertainty due to internal 0.33% 17.16% factors. -0.52% 5.70% -0.92% 7.37% 0.07% 8.75% Other data: -0.04% 7.27% * Wholesale: Support 19.70, resistance 20.50. 0.14% 4.12% * Spread: 1.02, -0.08 respect yesterday. 0.53% 8.31% * Futures: + 0.61% to 12/18 @ 30 days, improvement. 0.50% 3.82% * Linear trend: Interb. Depreciation 12m and banks 30d. -0.04% 8.46% -0.30% 3.86% Various Currencies against Peso (spot or sale, 30 days in pesos; dates in Mexican format)

Various Currencies against US Dollar

$29.00

(spot, 30 days in US Dollar; dates in Mexican format)

$1.35

$0.0090

$1.30

$0.0089

$1.25

$9.00 $4.00 13/10/18

$0.0086

$1.10

26/10/18

$14.00

$0.0087

$1.15

23/10/18

$19.00

$0.0088

$1.20

20/10/18

$24.00

29/10/18

01/11/18

Sterling Pound

04/11/18

07/11/18

Linear (Yen)

10/11/18

Linear (Euros)

13/11/18

16/11/18

Linear (Sterling Pound)

18/10/18

23/10/18

28/10/18

02/11/18

07/11/18

Canadian Dollar

Real

Euro

Linear (Canadian Dollar)

Linear (Real)

Linear (Euro)

12/11/18

17/11/18

Graphs Peso / US Dollar Various Conversion

Interbank Exchange Rate Peso/US Dollar

Bank Spread

(spot or sale, 30 days in pesos, dates in Mexican format)

(sale, 12 months; dates in Mexican format)

(30 days, minimum, maximum and average)

$21.50

$2.00

4.00%

$21.00

$1.80

$21.00

$1.60 $20.50

$1.40

2.00%

$20.50

0.00%

$20.00

-2.00%

$19.50

-4.00%

$19.00

-6.00%

$18.50

-8.00%

$18.00

$1.20 $20.00

$1.00 $0.80

$19.50

$0.60 $19.00

$0.40 $0.20

$18.50

$0.00 $18.00

$17.50 $17.50 13/10/18

18/10/18

23/10/18

28/10/18

02/11/18

07/11/18

12/11/18

17/11/18

Minimal Spread

Maximum Spread

Average Spread Lineal (Maximum Spread)

Banxico's Fix

Sale National Banking Average

Juarez Sale

Spread Mobility %

Lineal (Minimal Spread)

Linear (Banxico's Fix)

Linear (National Banking Average))

Linear (Juarez)

Lineal (Average Spread)

Lineal (Spread Mobility %)


$17.00 26/07/18

24/09/18

Sale Interbank

23/11/18

Linear (Sale Interbank)



ECONOMIC INDICATORS Stock Exchange Markets

Concept

Value

IPyC Mexican Stock Exchange VIMEX Volatility Index Canada, S&P/TSX Compound Index NYSE DJIA, USA NASDAQ, USA S&P500, USA VIX Volatility Index Brazil IVOBESPA Chile IPSA Argentina MERVAL Trend Average: America Trend Average: North America Trend Average: LATAM ISEQ, Ireland FTSE100, England AEX, Netherland BEL20, Belgium OMX, Denmark OSEAX, Norway DAX30, Germany SMI, Switzerland PSI20, Portugal IBEX35, Spain CAC40, France MIB, Italy GD.AT, Greece MICEX, Russia ESTX50, Europe EURONEXT 100, Europa Trend Average: Europe

Variation % America 43,310.01 -2.15% 12.15 0.00% 15,156.40 -0.77% 25,387.18 -2.32% 7,200.87 -2.78% 2,726.22 -1.97% 20.45 17.80% 85,524.70 -0.14% 5,405.32 0.00% 29,423.30 -1.64% 0.60% -1.67% -0.98% Europe 6,126.62 -0.74% 7,053.08 -0.74% 526.10 -0.65% 3,523.71 -0.92% 560.40 -1.16% 1,002.51 0.29% 11,325.44 -1.77% 8,984.05 -0.99% 4,992.03 -0.57% 9,076.30 -0.64% 5,059.09 -0.93% 19,055.92 -1.05% 635.20 -1.28% 2,285.53 0.00% 3,194.08 -1.10% 986.19 -0.82% -0.82%

Var.30 days%

Var.1 year%

-13.16% 0.00% -5.89% -4.74% -10.41% -6.78% 69.15% 8.78% 0.00% -9.96% 2.70% -6.83% -0.29%

-13.90% 0.00% 0.02% 18.20% 17.07% 12.07% 84.73% 35.42% 11.48% 31.26% 19.64% 5.58% 16.07%

-5.67% -5.90% -4.79% -5.15% -8.87% -6.59% -8.21% -1.57% -6.04% -3.52% -8.13% -7.54% -8.12% 0.00% -6.45% -7.26% -5.86%

-11.55% -4.27% 2.88% -8.21% -3.87% 30.51% -9.06% 0.33% -4.06% -13.75% -2.34% -8.99% -24.50% 18.95% -8.17% -0.92% -2.94%

Concept

Value Africa 13,678.40 160.80 3,308.95

CASE30, Egypt S&P, Africa FTSE, Africa Trend Average: Africa

Asia 1,292.38 1,588.44 34,812.99 2,630.52 9,831.21 25,633.18 2,080.44 22,269.88 3,068.15 5,941.30

TA100, Israel DJGCC, Middle East BSESN, India SSE, China TSEC, Taiwan Hang Seng, Hong Kong Kospi, South Korea Nikkei225, Japan STI, Singapore AXJO, Australia Trend Average: Asia

Variation %

Var.30 days%

Var.1 year%

-0.40% -2.28% 0.00% -0.89%

-7.82% 0.00% 0.00% -4.38%

-8.43% 0.00% 0.00% -1.95%

0.00% 0.00% -0.98% 1.22% 0.01% 0.12% -0.27% 0.09% -0.32% 0.33% -0.89%

0.00% 0.00% -4.69% -6.76% -11.04% -7.76% -11.05% -8.15% -5.75% -3.74% -4.38%

0.00% 1.08% 11.42% -17.98% -5.51% 0.44% -12.89% 10.90% -5.56% 3.09% -1.95%

Mexican Stock Exchange (1 year, daily results, 30 days trend; dates in Mexican format)

52,000.00 51,000.00 50,000.00 49,000.00 48,000.00

47,000.00 46,000.00 45,000.00 44,000.00 13/11/17

13/12/17

12/01/18

11/02/18

13/03/18

12/04/18

12/05/18 BMV

11/06/18

11/07/18

10/08/18

09/09/18

09/10/18

08/11/18

08/12/18

10/08/18

09/09/18

09/10/18

08/11/18

08/12/18

Linear (BMV)

Dow Jones Industrial Average

Stock Exchanges

(1 year, daily results, 30 days trend)

(30 days, daily results, various stock exchanges, and 5 days trend; dates in Mexican format) 98,000.00

13,000.00

88,000.00

12,000.00

27,500.00 26,500.00 25,500.00

78,000.00

11,000.00

24,500.00

68,000.00 10,000.00 58,000.00 9,000.00 48,000.00

23,500.00 22,500.00 21,500.00

8,000.00

38,000.00

7,000.00

28,000.00

18,000.00

6,000.00 13/10/18


23/10/18

02/11/18

12/11/18

BMV

DJIA

BOVESPA

NIKKEI225

FTSE100

DAX30

Linear (BMV)

Linear (DJIA)

Linear (Bovespa)

Linear (Nikkei225)

Linear (FTSE100)

Linear (DAX30)

20,500.00 19,500.00 18,500.00 17,500.00 13/11/17

13/12/17

12/01/18

11/02/18

13/03/18

12/04/18

12/05/18 DJIA

11/06/18

11/07/18

Linear (DJIA)



Stock Exchange Markets (continue) Stock Exchanges

Regional Trends

(30 days, percentage movements, dates in Mexican format)

(30 days, registered regions percentage movements; dates on Mexican format)

15.00%

3.00%

10.00%

2.00%

5.00%

1.00%

0.00%

0.00%

-5.00%

-1.00%

-10.00%

-2.00%

-15.00%

-3.00%

-4.00%

-20.00% 13/10/18

18/10/18

23/10/18

BMV

DJIA

28/10/18

BOVESPA

FTSE100

02/11/18

DAX30

07/11/18

12/11/18

14/10/18

19/10/18

24/10/18 America

NIKKEI225

North America

29/10/18 LATAM

03/11/18 Europe

Africa

08/11/18 Asia

Technical Note

* Mexico. IPyC closed down by sectors financial services, telecommunication services, and consumer goods and services. (+) OMA B, Gentera and Arca Continental. (-) Financiero Banorte, Peñoles and Genomma Lab B. * Argentina. The market closed down due to negative energy trend. It negatively impacts corporate results, local recession, political uncertainty. Country risk s / change in 616 points. * Brazil. The market closed down by basic material sectors, industry, and real estate. * Chile. The market closed down due to the negative performance of external markets and the decline of SQM and LATAM. * Peru. The market closed down due to the decline in metals and a negative performance of external markets. * Canada. The market closed down by health, information technology, and materials sectors. * USA. Markets closed down by sector technology, oil and gas, and industry. CBOE Volatility Index +17.80% at 20.45. Losers S & P500: PG & E Corporation and Abiomed Inc. * Europe. The markets closed down due to uncertainty regarding Italy, Brexit and the ECB's prudence. European Commission rejected Italian budget. It is doubtful that Brexit will satisfy the EU and that negotiations will continue. * Asia. Markets closed higher after the previous week down due to the Fed's decision to maintain rates until December.




ECONOMIC INDICATORS Money Market

Concept Interest Rate Target TIIE28 TIIE182 Average Percent Cost (rate) CETES28 CETES182 CETES364 30 year Bond International Reserves (mdd) Monetary Base (M1) (mdp) UDIS UMA Monthly Prices Index General NCPI Underlying NCPI No Underlying NCPI Juarez CPI Total NPPI Final NPPI Intermediate NPPI Biweekly Price Index General NCPI Underlying NCPI No Underlying NCPI Concept Interest Rate Target Interest Rate Target (effective) Bank Prime Loan T-Bill(4wk) International Reserves (md) Monetary Base (M1) (md)

Unit/Period Rate Variation 7.75% points 8.1900% 0.0013 points 8.4200% 0.0050 points 5.4100% 0.0005 points 7.35% 0.0011 points term 28 days amount 7.68% 0.0004 points term 175 days amount 7.70% 0.0008 points term 364 days amount 7.86% 0.0024 points term 10885 días amount 172,539 130.00 mdd 1,504,459 50,017.50 mdp 6.147903 0.000554 points daily 80.60 annual Date Monthly Pt. Variation 0.52% 0.10% 11/9/18 0.31% -0.01% 1.15% 0.43% 0.48% -0.14% Period 0.37% -0.22% Oct-18 0.33% -0.24% 0.46% -0.16% Date Biweekly Pt. Variation 11/9/18 0.14% 0.0026 0.10% 0.0007 Period 0.24% 0.0086 2Q Oct 2018 USA Unit/Period Rate Variation 1.00 - 1.25% points 1.16% points 4.25% points 1.14% 0.0003 points 3,385.8

Monthly Prices Index Date CPI 10/11/18 CPI Food & Beverages Period CPI (no F&B) dic-16 Final (no adjusted) 11/9/18 Final (adjusted) Period Final (no food/energy/commerce.na)Oct-18 Intermediate Process (n.a.)


7.20% Monthly 0.12% 0.12% 0.16% 0.77% 0.60% 0.46% 0.25%

md, annual Pt. Variation 0.0006 -0.0001 0.0011 0.0069 0.0043 0.0046 0.0015

Mexico Graphs Date 11/12/18 CETES and Bonds Interbank Rates 11/12/18 11/12/18 11/12/18 2/8/18 9000 mp TIIE28 TIIE182 Linear (TIIE28) 2/8/18 Linear (TIIE182) Lineal (TIIE182) CETES28 CETES182 CETES364 11500 mp Bonos30 Lineal (CETES28) Lineal (CETES182) 2/8/18 Lineal (CETES364) Lineal (CETES364) Lineal (Bonos30) Objective Rate and APC 12500 mp Annual Inflation 2/8/18 (12 months) 3500 mp 14.00% 12.00% 12/15/17 10.00% 12/15/17 8.00% 6.00% 11/12/18 4.00% Target Rate APC Linear (Objecctive Rate) Linear (APC) 29,402.88 2.00% Annual Pt. Variation This Year Pt. Variation 4.90% -0.12% 3.22% 0.53% NCPI General Underlying No Underlying 3.73% 0.06% 2.94% 0.32% 8.50% -0.65% 4.14% 1.19% Technical Note 4.39% 0.18% 1.60% 0.49% 6.26% -0.60% 4.57% 0.39% In the face of episodes of volatility following 5.30% -0.70% 3.92% 0.34% the cancellation of NAIM, SHCP reduced the 8.44% -0.38% 6.06% 0.49% auction amounts for the remainder of 4Q18 Annual Pt. Variation This Year Pt. Variation 4.87% 0.0006 10.22% 0.0015 by 5,550 mp to adjust the market offer for 3.72% 0.0003 7.98% 0.0011 Mexican debt, originally amounting to 52,800 8.42% 0.0017 17.22% 0.0028 million pesos, but decreasing to 47,250 million pesos, mainly in bonds 10, 20 and 30. Graph Date The objective is to reduce supply so that the price rises a little. USA Rates (3 months) 11/11/18 Citibanamex ensures that the market has not discounted the total regime change in Mexico, and therefore greater weakness of feb-17 Target Rate Effective Rate Tbill 4wk the peso may be added in 2019. It is expected Annual Pt. Variation This Year Pt. Variation to close 2018 at 20.10, since 19.20 previously, 2.28% 2.40% -0.0042 0.0012 and in 2019 20.50 against 19.70 previously. 1.35% 1.26% -0.0008 0.0013 Economic growth 2019, from 1.9 to 1.7%. 2.17% 1.92% -0.0003 0.0016 Banxico Rate 2018 8% from 7.75% prior and 2.89% 3.07% 0.0025 0.0079 2019 a little more, without determining 2.81% 2.45% 0.0007 0.0061 amount. 3.41% 2.73% 0.0047 0.0047 5.75% 5.31% -0.0001 0.0026 (90 days)

(30 days)

9.30%

8.85%

8.80%

8.35%

8.30%

7.85%

7.80%

7.35% 14/10/2018

19/10/2018

24/10/2018

29/10/2018

03/11/2018

08/11/2018

7.30%

13/11/2018

6.80% 01/09/2018

01/10/2018

31/10/2018

(365 days)

10.00% 8.00% 6.00%

4.00%

2.00% 13/11/2017

13/02/2018

13/05/2018

13/08/2018

13/11/2018

2.30%

1.80% 1.30%

0.80% 26/08/2018

10/09/2018

25/09/2018

10/10/2018

25/10/2018

09/11/2018



ECONOMIC INDICATORS Energy Market

Concept Mexican Crude Oil Basket West Texas Intermediate Brent from North Sea OPEP Reference Basket Intl. Natural Gas (USD/MMBtu) MX Natural Gas avg.(MXN/GJ) Liquefied oil gas (MXN/kg) Mexico (MXN) National: Magna (avg +1 d) National: Premium (avg +1 d) National: Diesel (avg +1 d) V zone: CJS - Magna (stim) V zone: CJS - Premium (stim) V zone: CJS - Diesel (stim) NA NA NA USA (MXN Fix basis) TX-avg: Regular 87 TX-avg: Premium >90 TX-avg: Diesel Ultralow TX-Hou: Regular 87 TX-Hou: Premium >90

Hydrocarbon Market USD/b Variation $ Variation % 64.42 0.37 0.6% 59.93 0.26 -0.4% 70.12 0.06 -0.1% 68.89 1.79 -2.6% 3.79 0.07 1.86% NA NA NA NA NA NA Motor Gasoline (consumer prices) Price/lt Variation % Var. % Annual 19.56 1.65% 20.85% 21.02 0.92% 17.20% 20.73 -0.29% 21.59% 15.36 0.00% 22.59% 17.37 -0.46% 13.98% 19.93 -0.46% 17.17% NA NA NA NA NA NA NA NA NA Price/lt Variation % Var. % Annual 12.65 -2.41% 8.21% 15.74 -1.73% 9.96% 15.93 -0.35% 17.14% 12.40 -2.14% 11.84% 15.65 -1.36% 11.10% Technical Notes

Graphs Var. Annual % #N/A #N/A #N/A 10.13% 22.31% NA NA

11/2/18

Product Crude Oil Input to Refineries Refinery Capacity Utilization (%) Motor Gasoline Production Distillate Fuel Oil Production Product Crude Oil (Excluding SPR) Motor Gasoline Distillate Fuel Oil All Other Oils Crude Oil in SPR Total


Next

11/9/18 Refinery Activity Value Variation 16,352.00 42.00 0.89 0.00 10,134.00 1.00 4,930.00 16.00 Inventories Value Variation 431.80 5.80 228.00 1.80 122.90 3.40 470.80 0.70 654.70 0.20 1,908.20 4.70

(1 year, USD)

95.00 85.00 75.00 65.00

55.00 45.00 35.00 12/11/2017

12/02/2018

Date

WTI

Brent

12/05/2018 MME

OPEP

12/08/2018

Linear (WTI)

Linear (Brent)

Unit million barrels million barrels million barrels million barrels million barrels million barrels

Linear (OPEP)

Natural Gas Price (1 year, MM/Btu USD)

3.70

11/12/18

3.50 3.30 3.10 2.90 2.70

2.50 12/11/2017

12/02/2018

12/05/2018

GN/NG

Date 11/05/18

12/08/2018

12/11/2018

Linear (NG)

Motor Gasoline: USA (left) vs Mexico (righta) (4 months, MXN Fix per litre) 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00

22.00 21.00 20.00 19.00 18.00 17.00

Regular

Premium MX

Premium >90 Diésel MX

Lineal (Magna MX)

Lineal (Magna MX)

Diésel Ultra Bajo Azufre

Magna MX

Lineal (Premium >90) Lineal (Premium MX)

Lineal (Diésel Ultra Bajo Azufre)

USA Energy Information Administration Technical Notes Unit 1000s daily barrels points 1000s daily barrels 1000s daily barrels

12/11/2018

Linear (MME)

3.90

Crude oil closed down on Trump's statements against previous statements that OPEC has grounds to reduce supply by 2019. Trump says prices should be lower based on supply. OPEC proposes to decrease production in 2019 to avoid unused accumulation. Prices have fallen by close to 20% in 4 weeks, due to an accelerated increase in global supply and the threat of deceleration in demand. Last

Oil Baskets Prices

Lineal (Diésel MX)

Graphs USA Inventories (4 months, million of barrels) 800

U.S. oil inventories (wo/SR) increased from previous week and are 3% above 5 year average. Total motor gasoline increased and are 8% above 5 year average. Finished gasoline decreased while blending components increased. Distillate fuel decreased and are 6% below 5 year average. Propane/propylene increased and are at 5 year average. Total inventories increased last week.

700 600 500 400 300 200 100

Crude Oil (wo/SPR)

Motor Gasoline

All Other Oils

Crude Oil in SPR

Distillate Fuel Oil



NEXT DAY ECONOMIC AGENDA

Tuesday, November 13, 2018 Previous Australia Consumer confidence Westpac (Nov) 1.00% Indicator of salary costs (Annual) (3Q) 2.10% Brazil Retail sales (Annual) (Sep) 4.10% China Evolution of outstanding loans (Annual) 13.20% Spending on fixed capital (Annual) (Oct) 5.40% Industrial Production Indicator (Annual) (Oct) 5.80% Retail sales (Annual) (Oct) 9.20% China unemployment rate 4.90% South Korea Unemployment rate (Oct) 4.00% USA NFIB indicator of optimism of small businesses (Oct) 107.9 OPEC monthly report Debt auction Federal budget balance (Oct) 119.0B

Eurozone German Inflation (Annual) (Oct) 2.50% Non-agricultural payrolls of France (Quarterly) (3Q) 0.00% Auction of Spanish letters at 12 months -0.29% Auction of Spanish letters at 6 months -0.43% ZEW indicator of investor confidence in Germany - current situation (Nov) 70.1 ZEW indicator of investor confidence in Germany (Nov) -24.7 Meeting of the Eurogroup ZEW indicator of investor confidence in the euro zone -19.4 German debt auction Italian debt auction Inflation of Portugal (Annual) (Oct) 1.00% Indonesia Car sales (Annual) 6.20% Japan GDP (Annual) (3Q) 3.00% Prices of goods and services included in the GDP (Annual) 0.10% Installed capacity utilization rate (Monthly) (Sep) 2.20% Industrial activity (Monthly) (Sep) -1.10% Indicator of activity of the services sector (Monthly) 0.50% Norway GDP (Quarterly) (3Q) 0.40% UK Unemployment rate (Sep) 4.00% Russia Quarterly GDP (Annual) 1.90% Switzerland IPP (Annual) (Oct) 2.60%




SOLO NEGOCIOS CALENDAR

IMEF Business Summit 2018 XLVI IMEF Convention - Impulse Mexico's Growth, with a broad technical, sports and social events program. The IMEF Business Summit 2018, is celebrated in Guadalajara, Jalisco, from November 21 to 23. More information at: http://imefbs.org.mx/

SPONSORS For all residents of Juarez, CH, El Paso, TX, Santa Teresa and Las Cruces, NM, who crosses international bridges, MUST download this app on their mobile phones, given: a) It serves to make bridge times more efficient. The more users, the better data. b) It will provide real time bridges to both the US and Mexico. c) The more use grants more interchangeable points in various recognized stores. d) The user must leave the app in use in the background, but data cost is minimal. The application serves for any other region and also provides support to vehicular traffic. Access: http://www.metropia.com/

Rotary Youth Exchange

