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SGD to JPY 2025 Forecasts

Analysis of recent Singapore dollar → yen forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Singapore dollar to Japanese yen performance and trends.

 

The recent currency market updates indicate a turbulent landscape for the SGD to JPY exchange rate, influenced heavily by the ongoing global trade tensions and policy decisions from central banks. Following the announcement of a 10% tariff on Singaporean imports by U.S. President Donald Trump, the outlook for emerging Asian currencies, including the SGD, has deteriorated. While Singapore's open economy may mitigate some adverse effects due to strong trade ties with the U.S., the overall sentiment in the region is bearish, as evidenced by declines in neighboring currencies.

The SGD is currently trading at 113.4 JPY, which is 2.0% above its three-month average of 111.2. It has remained relatively stable within a 5.4% range, with a low of 108.0 and a high of 113.8. Market analysts have noted that sentiment towards Asian currencies has worsened, suggesting potential pressure on the SGD as regional economic growth slows and interest rates are cut to support stability.

Conversely, the Japanese yen is experiencing fluctuations due to its status as a safe-haven asset amid rising geopolitical tensions and tariff disputes. The yen has appreciated as investors seek security in volatile times, compounded by a weaker global risk appetite following the imposition of reciprocal tariffs on Japanese goods by the U.S. The yen's value is expected to be influenced by Japan's monetary policy and trade flows, particularly the impact of a stronger U.S. dollar on the JPY/USD pair, which complicates forecasts.

Analysts from MUFG Research have projected a long-term depreciation of the yen against the dollar, with forecasts indicating a USD/JPY exchange rate of 154.00 for Q1 2025, declining to 148.00 by Q4 2025. However, recent market conditions may prompt a reassessment of these projections due to the yen's defensive positioning.

Additionally, fluctuations in oil prices, currently at 67.77 USD, have shown volatility, trading 1.2% above its three-month average. Given Japan's reliance on imported energy, rising oil prices can place additional strain on the yen, affecting its overall strength against the SGD.

In summary, the SGD to JPY exchange rate is heavily influenced by emerging market dynamics, global economic uncertainty, and path-dependent factors such as oil prices and trade relations. Businesses and individuals engaging in international transactions should remain vigilant of these developments to make informed decisions regarding currency conversions.

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.

 
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1 SGD =
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JPY
+0.1%
SGD to JPY at 113.4 is 2.0% above its 3-month average of 111.2, having traded in a quite stable 5.4% range from 108.0 to 113.8
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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
13 Jun 2025
112.45
0.8% 2 Week
29 Mar 2025
111.82
1.4% 3 Month
27 Jun 2024
118.33
4.2% 1 Year
28 Jun 2020
76.95
47.3% 5 Year
30 Jun 2015
90.88
24.7% 10 Year
02 Jul 2005
65.87
72.1% 20 Year
SGD/JPY historic rates & change to 27-Jun-2025

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