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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.

 

Recent developments in the exchange rate dynamics between the Singapore Dollar (SGD) and the Japanese Yen (JPY) illustrate a complex interplay of geopolitical tensions and economic conditions. Current SGD/JPY rates at 115.3 reflect a 2.2% rise above the three-month average of 112.8, indicating a somewhat stable market with fluctuations contained within a 6.7% range.

Analysts have noted that the Singapore Dollar faces headwinds from the U.S. tariffs announced by President Trump, which include a baseline 10% reciprocal tariff on Singaporean imports. This has dampened optimism and negatively affected emerging Asian currencies, prompting a shift in market sentiment. Despite these challenges, Singapore's well-established trade ties with the U.S. may help mitigate some of the adverse impacts, positioning the SGD favorably for resilience amid trade wars.

Conversely, the Japanese Yen has traditionally been viewed as a safe-haven currency, appreciating during periods of global economic uncertainty. Recent announcements of a 24% retaliatory tariff rate on Japanese goods by the U.S. have elevated risk perceptions, leading to a strengthened yen as traders seek refuge from market volatility. Furthermore, movements in the USD/JPY rates will heavily influence the yen, particularly with ongoing market analyses predicting a gradual decline in USD/JPY rates towards 148.00 by late 2025.

Notably, Japan’s reliance on imported commodities links the yen’s performance to fluctuations in oil prices. Recent data highlights oil prices trading at 68.44 USD, 1.5% above their three-month average, marked by significant volatility. Rising oil prices can impact Japan's trade balance, thereby influencing the yen's strength.

As the global economic landscape remains fraught with uncertainties—exacerbated by trade tensions and geopolitical strife—currency analysts stress the importance of monitoring both geopolitical developments and monetary policy shifts. The trajectory for the SGD against the JPY will likely depend on these multifaceted factors as well as ongoing risk sentiment in the markets.

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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+0.2%
SGD to JPY at 115.3 is 2.2% above its 3-month average of 112.8, having traded in a relatively stable 6.7% range from 108.5 to 115.8
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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
11 Jul 2025
115.09
0% 2 Week
26 Apr 2025
109.33
5.3% 3 Month
25 Jul 2024
114.42
0.6% 1 Year
26 Jul 2020
76.67
50.1% 5 Year
28 Jul 2015
90.54
27.1% 10 Year
30 Jul 2005
67.60
70.3% 20 Year
SGD/JPY historic rates & change to 25-Jul-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