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SGD to MXN - Best Rates Guide

We review Singapore Dollar to Mexican Peso latest & historic FX rates along with recent SGD/MXN Trend and Alerts.

 

Latest wholesale rate

1 SGD = 14.97 MXN
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Singapore Dollar to Mexican Peso
- Trend & Alerts

SGDMXN at 14.95 is 3.5% below its 90-DAY average, range 14.9-16.4.
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1-DAY0.6%
 
SGD to MXN chart

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Comparing SGD to MXN Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale SGD/MXN rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for SGD to MXN International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Singapore Dollar to Mexican Peso - Quick Conversions

SGD MXN
S$ 1 Mex$ 14.97
S$ 5 Mex$ 74.85
S$ 10 Mex$ 149.70
S$ 20 Mex$ 299.40
S$ 50 Mex$ 748.50
S$ 100 Mex$ 1,497
S$ 250 Mex$ 3,743
S$ 500 Mex$ 7,485
S$ 1,000 Mex$ 14,970
S$ 2,000 Mex$ 29,940
S$ 5,000 Mex$ 74,850
S$ 10,000 Mex$ 149,700
S$ 50,000 Mex$ 748,500
S$ 100,000 Mex$ 1,497,000
More amounts
SGD MXN
S$ 0.0668 Mex$ 1
S$ 0.3341 Mex$ 5
S$ 0.6682 Mex$ 10
S$ 1.3363 Mex$ 20
S$ 3.3408 Mex$ 50
S$ 6.6816 Mex$ 100
S$ 16.70 Mex$ 250
S$ 33.41 Mex$ 500
S$ 66.82 Mex$ 1,000
S$ 133.63 Mex$ 2,000
S$ 334.08 Mex$ 5,000
S$ 668.16 Mex$ 10,000
S$ 3,341 Mex$ 50,000
S$ 6,682 Mex$ 100,000
More amounts

Calculate other SGD/MXN amounts (from or to) at mid-market with our SGD to MXN Calculator .

Singapore Dollar and Mexican Peso - Market News

 

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’s trade-reliant economy is teetering on the brink of a recession as the coronavirus pandemic weakens global trade and consumer spending.

There’s increased chance that the Monetary Authority of Singapore (MAS) could start to push the Singapore dollar lower via direct market interventions (ie the central bank actively buying and selling the Singapore dollar).

Get more details in the article Singapore Dollar Forecasts.

 

Mexican Peso (MXN)

The Mexican peso continued its good run in 2020 hitting the significant value of 20 to the US dollar November 23rd, as the oil price continues to improve and investors look for higher yield investments. The peso fortunes are connected to the oil market with oil high on the list of Mexico’s top exports.

US interest also affect the peso because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

   

Country Guides - Mexican Peso

 
MexicoMexico (MXN)
     

How to get Best SGD to MXN Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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.

 

What is a good SGD to MXN exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore Dollar vs Mexican Peso current value is to look the SGD/MXN historic rate and change over a range of periods.

The following table looks at the change in the SGD to MXN exchange rate over periods from the previous week back to the last 10 years.

SGD/MXNChangePeriod
14.9046
25 Nov 2020
0.2% ▲1 Week
15.6632
02 Nov 2020
4.6% ▼30 Days
15.8956
03 Sep 2020
6% ▼90 Days
14.3406
03 Dec 2019
4.2% ▲1 Year
11.8901
04 Dec 2015
25.6% ▲5 Years
9.4625
05 Dec 2010
57.9% ▼10 Years

SGD/MXN 10 year historic rates & change to 02-Dec-2020 : 14.9373

 
   

Will the Singapore Dollar rise against the Mexican Peso?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SGD/MXN to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

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.