MXN/SGD: what to know
The MXN/SGD rate shows how much SGD you get for 1 MXN. Right now, 1 MXN buys 0.0752 SGD at the mid-market rate. In the other direction, 1 SGD is worth 13.3055 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while SGD responds to the MAS-managed currency basket.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the MXN/SGD rate has ranged between 0.0695 and 0.0753 — a change of +7.35% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.