Tuesday, January 17, 2017 10:50 AM
Currencies rates online for Singapore Dollar (SGD) to Mexican peso (MXN).
Forex data is updating every 5 minutes.
In order to convert currencies, please go to Mexican peso (MXN) to Singapore Dollar (SGD).
The currency converter uses the latest Forex exchange rates.
The Singapore dollar (symbol: $; currency code: SGD) is the official currency of Singapore. It is sometimes abbreviated as S$, so as to distinguish between it and other dollar-denominated currencies. One (1) Singapore dollar is equal to one hundred (100) cents.
As a British colony, Singapore used the Straits dollar from 1845 until 1939, when it was replaced by the Malayan dollar. The latter was replaced by the Malaya and British Borneo dollar in 1953. After becoming an independent nation in 1965, Singapore introduced the Singapore dollar, with the first banknotes issued in 1967.
The Mexican peso (symbol: $; currency code: MXN) is the official currency of Mexico. One (1) is equal to one hundred (100) centavos.
The peso is issued by the Bank of Mexico. It is one of the most heavily traded currencies worldwide, and the most traded currency originating from Latin America.
The currency derives its name from the term used to refer to the eight-real coins, or, Spanish dollars, which were issued in Mexico by Spain until the 19th century. The Oil Crisis of the 1970s had a profound effect on the otherwise stable peso, causing it to be replaced by a new currency, the nuevo peso, on January 1, 1993. The modifier “nuevo” was abandoned three years later.