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.
Singapore Dollar to Mexican Peso - Quick Conversions
|
SGD |
MXN |
| S$ 1 |
Mex$ 15.03 |
| S$ 5 |
Mex$ 75.15 |
| S$ 10 |
Mex$ 150.30 |
| S$ 20 |
Mex$ 300.60 |
| S$ 50 |
Mex$ 751.50 |
| S$ 100 |
Mex$ 1,503 |
| S$ 250 |
Mex$ 3,758 |
| S$ 500 |
Mex$ 7,515 |
| S$ 1,000 |
Mex$ 15,030 |
| S$ 2,000 |
Mex$ 30,060 |
| S$ 5,000 |
Mex$ 75,150 |
| S$ 10,000 |
Mex$ 150,300 |
| S$ 50,000 |
Mex$ 751,500 |
| S$ 100,000 |
Mex$ 1,503,000 |
| 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)
Overall, it was a poor to mixed 2020 for the Singapore dollar, with a 9 percent drop against the euro and 8 percent versus the Australian dollar, but small gains (2 percent) against the US dollar and steady to the pound.
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.
Cash remittances to South America have defied predictions of a large Covid related drop. The World Bank's prediction in April was dire; Cash transfers from immigrants in the U.S. to family in Latin America would plummet 19% due to the pandemic. However with remittances surging, the level of money being sent is roughly equal with 2019.
Country Guides - Mexican Peso
How to get Good 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/MXN | Change | Period |
|---|
| 14.8839 15 Jan 2021 | 1% â–² | 1 Week |
| 15.0609 23 Dec 2020 | 0.2% â–¼ | 30 Days |
| 15.3622 24 Oct 2020 | 2.1% â–¼ | 90 Days |
| 13.8846 23 Jan 2020 | 8.3% â–² | 1 Year |
| 12.9051 24 Jan 2016 | 16.5% â–² | 5 Years |
| 9.4335 25 Jan 2011 | 59.4% â–² | 10 Years |
SGD/MXN 10 year historic rates & change to 22-Jan-2021 : 15.0341
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.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.