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SGD to JPY Rates - 2026 Forecast

Analysis of recent Singapore dollar → yen forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Japanese yen performance and trends.

 

SGD/JPY Outlook:

The SGD/JPY exchange rate is likely to increase as it is currently trading above its recent average and near recent highs. This trend is supported by developments in both monetary policies and economic conditions.

Key drivers:

• Rate gap: The Monetary Authority of Singapore has relaxed its policy to sustain the economy, while the Bank of Japan has recently raised interest rates to combat persistent inflation.

• Risk/commodities: The recent surge in global oil prices has pressured the Japanese Yen, as higher import costs weaken its value against the SGD.

• One macro factor: Japan's fiscal concerns due to proposed tax cuts may reduce investor confidence, further impacting the JPY's performance.

Range:

Expect the SGD/JPY to test recent extremes, with potential for fluctuations within the established range driven by economic updates.

What could change it:

• Upside risk: A significant improvement in Singapore's trade data could strengthen the SGD further.

• Downside risk: If oil prices significantly decline, it may strengthen the JPY and adversely impact the SGD/JPY rate.

SGD-JPY Rate Calculator

 
   
   
   
   
 
   
 
 

SGD to JPY Market Data

Singapore dollar (SGD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell SGD   →   Buy JPY
1 SGD =
123.50We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.6%▲
14dHighs◓
SGD to JPY at 123.7 is 1.6% above its 3-month average of 121.8, having traded in a very stable 3.5% range from 119.6 to 123.8
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Compare & Save - Singapore dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our SGD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Singapore dollar to Yen currency rates and the possible savings of using various providers.

 
 

Will the Singapore dollar rise against the Japanese yen?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore dollar vs Japanese yen current value is to look the SGD/JPY historic rate and change over a range of periods.

The following table looks at the change in the SGD to JPY exchange rate over periods from the previous week back to the last 10 years.

DateSGD/JPYChangePeriod
12 Feb 2026
121.05
2% ▲2 Week
28 Nov 2025
120.37
2.5% ▲3 Month
26 Feb 2025
111.29
10.9% ▲1 Year
27 Feb 2021
80.00
54.3% ▲5 Year
29 Feb 2016
80.22
53.9% ▲10 Year
03 Mar 2006
71.89
71.7% ▲20 Year
SGD/JPY historic rates & change to 26-Feb-2026

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/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more