Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Mexican Peso (MXN) has experienced notable fluctuations over the past year. This report analyzes the trends observed in the SGD/MXN exchange rate, focusing on the period from May 2024 to May 2025, and explores the potential factors influencing these movements.

Exchange Rate Trends from May 2024 to May 2025

In May 2024, the SGD/MXN exchange rate was approximately 12.38 MXN per SGD. Over the subsequent months, the rate exhibited an upward trajectory, reaching around 15.10 MXN per SGD by March 2025. This represents an appreciation of the Singapore Dollar against the Mexican Peso by approximately 22% over the ten-month period.

Key Milestones:

• May 2024: 1 SGD = 12.38 MXN
• September 2024: 1 SGD = 15.14 MXN
• March 2025: 1 SGD = 15.10 MXN

The highest exchange rate during this period was recorded on September 10, 2024, at 15.407 MXN per SGD.

Factors Influencing the Exchange Rate Movements

Several factors may have contributed to the observed appreciation of the Singapore Dollar against the Mexican Peso:

1. Economic Performance:

   • Singapore: Singapore's robust economic growth, driven by its strong manufacturing and services sectors, may have bolstered investor confidence in the SGD.
   • Mexico: Conversely, Mexico's economy faced challenges, including fluctuations in oil prices and political uncertainties, which could have weakened the MXN.

2. Monetary Policies:

   • Divergent monetary policies between the Monetary Authority of Singapore (MAS) and the Bank of Mexico (Banxico) may have influenced capital flows, affecting the exchange rate.

3. Trade Balances:

   • Singapore's trade surplus and Mexico's trade deficit during this period could have exerted upward pressure on the SGD relative to the MXN.

Implications for Stakeholders

• Investors: The appreciation of the SGD against the MXN may present opportunities for investors seeking exposure to Singaporean assets.
• Businesses: Companies engaged in trade between Singapore and Mexico should consider the impact of exchange rate fluctuations on pricing and profitability.
• Travelers: Individuals planning to travel between the two countries should be aware of the exchange rate trends to budget accordingly.

Conclusion

The SGD/MXN exchange rate has shown significant appreciation of the Singapore Dollar against the Mexican Peso from May 2024 to May 2025. This trend underscores the importance of monitoring economic indicators, monetary policies, and trade balances when analyzing currency movements. Stakeholders should remain vigilant to these factors to make informed financial decisions.