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

In the near term, SGD/JPY is trading close to recent highs near 123.5, supported by risk-off flows but facing downward pressure from the rising JPY amid regional tensions. Current conditions suggest the pair may remain supported but could face declines if risk sentiment worsens further.

Transfer implications

  • Expats: sending money to Japan may find conversions less favourable than recent levels if the pair declines.
  • Travellers: buying JPY cash or loading onto cards may see slightly improved rates if the pair weakens.
  • Businesses: paying Japanese Yen invoices with SGD could find it more advantageous if the pair continues to diminish.

Key drivers

  • Rate gap: The BoJ remains cautious on rate hikes, keeping the rate differential with Singapore relatively wide but stable.
  • Risk/commodities: JPY remains a safe haven amid regional instability and geopolitical tensions.
  • Global factors: Persistent risk-off sentiment continues to favour safe-haven currencies and impact FX flows.

What could change it

  • Upside risk: A shift towards risk appetite could weaken JPY and support SGD/JPY, pushing the pair higher.
  • Downside risk: Escalating geopolitical tensions or global economic slowdown could strengthen JPY further.

BER suggests comparing FX providers and shopping around for the lowest margin options 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 =
123.81We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.1%▲
 
SGD to JPY is at 7-day highs near 123.5, 1.1% above its 3-month average of 122.2, having traded in a very stable 3.1% range from 120.1 to 123.8
|
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
23 Feb 2026
122.13
1.3% ▲2 Week
09 Dec 2025
120.91
2.4% ▲3 Month
09 Mar 2025
110.99
11.5% ▲1 Year
10 Mar 2021
80.68
53.4% ▲5 Year
11 Mar 2016
82.76
49.5% ▲10 Year
14 Mar 2006
72.52
70.7% ▲20 Year
SGD/JPY historic rates & change to 09-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