SGD/MXN: what to know
The SGD/MXN rate shows how much MXN you get for 1 SGD. Right now, 1 SGD buys 13.4062 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.0746 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while MXN responds to the US economy and capital flows.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Over the past 12 months the SGD/MXN rate has ranged between 13.2732 and 14.3795 — a change of -6.84% 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.