Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

SGD to JPY Forecasts – Singapore dollar to Japanese yen

Latest SGD to JPY forecasts including bank predictions, key market drivers and recent trends for SGD/JPY. See where analysts expect the pair to move and the factors likely to influence it.

 

SGD to JPY Forecast & Outlook

14 Mar 2026 • 01:06 GMT

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • 3-month trend: ⚪ Range-bound
  • Expected range: 122.5180 – 124.7000
  • Dominant driver: 🌍 Global risk sentiment

In the near term, SGD/JPY is trading close to recent highs within its 3.8% range, supported by risk-off sentiment and a widening rate differential. Current conditions suggest the pair may face pressure if risk appetite recovers, but the environment remains influenced by safe-haven flows.

💸 Transfer implications

  • Expats: sending money to Japan may find conditions slightly less favourable than recent levels.
  • Travellers: exchanging for Japanese Yen could encounter higher rates, making conversions marginally more expensive.
  • Businesses: paying Japanese Yen invoices in SGD may see less advantageous exchange terms in the near term.

🧭 Key drivers

  • Rate gap: The yield and policy gap favors Yen, supported by monetary policy divergence.
  • Risk/commodities: Risk-off sentiment continues to support safe-haven currencies including JPY.
  • Global factors: USD/JPY remains near 3-month highs, underscoring broad risk aversion and intervention warnings.

⚠️ What could change it

  • Upside risk: a shift towards improving risk sentiment or easing safe-haven flows.
  • Downside risk: a resurgence in risk-off conditions or Japanese intervention signals.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs.

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 =
124.65We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d0.0%⬦
 
SGD to JPY at 124.6 is 1.8% above its 3-month average of 122.4, having traded in a very stable 3.8% range from 120.1 to 124.7
|
Tracker

Manage Tracker   

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
27 Feb 2026
123.41
1% ▲2 Week
13 Dec 2025
120.54
3.4% ▲3 Month
13 Mar 2025
110.75
12.5% ▲1 Year
14 Mar 2021
81.18
53.5% ▲5 Year
15 Mar 2016
82.10
51.8% ▲10 Year
18 Mar 2006
71.73
73.7% ▲20 Year
SGD/JPY historic rates & change to 13-Mar-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.

 
Track Rate
 

Manage Tracker   

 

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