This study employs a novel approach by using the GARCH-MIDAS model to estimate the volatility of the nominal exchange rate. incorporating variables of the monetary approach as a long-run component. We analyze the daily closing prices of the peso-dollar nominal exchange rate from July 1991 to December 2022 and the quarterly macroeconomic fundamentals from September 1988 to December 202... https://www.ealisboa.com/flash-grab-Hellfire-Sloe-Gin-special-find/