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SGD to MXN - Rate Guide

Singapore Dollar to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 SGD = 13.38 MXN

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SGD to MXN - Trading Range (90 Day)
90-DAY LOW (2d)
SGD/MXN at 13.34 is trading 4.4% below the 90-day average 13.96 with a range 13.32 to 14.34. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Singapore Dollar to Mexican Peso

SGD

MXN

S$ 1
Mex$ 13.38
S$ 5
Mex$ 66.90
S$ 10
Mex$ 133.80
S$ 20
Mex$ 267.60
S$ 50
Mex$ 669.00
S$ 100
Mex$ 1,338
S$ 250
Mex$ 3,345
S$ 500
Mex$ 6,690
S$ 1,000
Mex$ 13,380
S$ 2,000
Mex$ 26,760
S$ 5,000
Mex$ 66,900
S$ 10,000
Mex$ 133,800
S$ 50,000
Mex$ 669,000
S$ 100,000
Mex$ 1,338,000
More amounts

SGD

MXN

S$ 0.0748
Mex$ 1
S$ 0.3738
Mex$ 5
S$ 0.7475
Mex$ 10
S$ 1.4950
Mex$ 20
S$ 3.7376
Mex$ 50
S$ 7.4751
Mex$ 100
S$ 18.69
Mex$ 250
S$ 37.38
Mex$ 500
S$ 74.75
Mex$ 1,000
S$ 149.50
Mex$ 2,000
S$ 373.76
Mex$ 5,000
S$ 747.51
Mex$ 10,000
S$ 3,738
Mex$ 50,000
S$ 7,475
Mex$ 100,000
More amounts

To calculate specific SGD/MXN amounts use our Convert SGD to MXN quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for SGD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

SGD to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
132,421 Mex$13.31S$510.63%
OFX logo
130,800 Mex$13.080 for BER users (normally $15)1.84%
DBS Bank logo
129,267 Mex$12.95182.99%
OCBC Bank International Money Transfers
OCBC Bank logo
128,403 Mex$12.97S$1003.64%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
128,132 Mex$12.86183.84%
HSBC logo
128,008 Mex$12.82S$153.94%
Citibank International Money Transfers
Citibank logo
126,848 Mex$12.7124.81%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 
TransferWise logo
TransferWise: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:13.31 (0.12% from mid-rate)
To Amount (MXN)132,421 Mex$
Total Cost:0.63%
Time:1:10 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:13.08 (1.84% from mid-rate)
To Amount (MXN)130,800 Mex$
Total Cost:1.84%
Difference:
Mex$1,621 MXN less than using TransferWise
Time:
Rate Fetched: Mon Feb 17 2020 00:14:18 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:12.95 (2.82% from mid-rate)
To Amount (MXN)129,267 Mex$
Total Cost:2.99%
Difference:
Mex$3,154 MXN less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:12.97 (2.67% from mid-rate)
To Amount (MXN)128,403 Mex$
Total Cost:3.64%
Difference:
Mex$4,018 MXN less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:12.85 (3.57% from mid-rate)
To Amount (MXN)128,132 Mex$
Total Cost:3.84%
Difference:
Mex$4,289 MXN less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:12.82 (3.79% from mid-rate)
To Amount (MXN)128,008 Mex$
Total Cost:3.94%
Difference:
Mex$4,413 MXN less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:12.7 (4.69% from mid-rate)
To Amount (MXN)126,848 Mex$
Total Cost:4.81%
Difference:
Mex$5,573 MXN less than using TransferWise
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer SGD→MXN
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (SGD & MXN)

MexicoMexico (MXN)SingaporeSingapore (SGD)

SGD and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs MXN, you should pay attention to the recent market trends for both currencies.

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.


How to get Best SGD to MXN Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

When is the best time to exchange SGD to MXN?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic SGD/MXN exchange rate over longer periods.

SGD/MXN - Historical Rates

PeriodChange*SGD/MXNDate
1 Day-0.5%13.385913 Feb 2020
7 Day-1.3%13.501207 Feb 2020
30 Day-4.6%13.965515 Jan 2020
3 Month-5.5%14.100816 Nov 2019
1 Year-6.1%14.184114 Feb 2019
5 Year+21.1%10.996315 Feb 2015
10 Year+45.4%9.158716 Feb 2010

*For period to 14-Feb 21UTC when SGD/MXN was 13.3207

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