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JPY/SGD - Convert Compare Save

Japanese Yen to Singapore Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Japanese Yen to Singapore Dollar exchange rate, has news, forecasts and JPY to SGD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

JPY/SGD Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for JPY/SGD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee JPYTotal CostDeal Links
OFX logo
1,247.7 SGD0.0124770 for BER users (normally $15)1.2%
HSBC logo
1,191.31 SGD0.011931¥1505.67%
ジャスコ JUSCO International Money Transfers
ジャスコ JUSCO  logo
1,188.99 SGD0.01201¥10005.85%
Banks - Average Rate
Citibank logo HSBC logo ジャスコ JUSCO  logo
1,187 SGD0.011921155.98%
Citibank International Money Transfers
Citibank logo
1,181.96 SGD0.011821126.41%
 
OFX: Foreign Transfer JPY→SGD
JPY amount:¥100,000 JPY
Fee:0 for BER users (normally $15)
Exchange Rate:0.012477 (1.2% from mid-rate)
SGD amount:1,247.7 SGD
Total Cost:1.2%
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer JPY→SGD
JPY amount:¥100,000 JPY
Fee:¥150 JPY (.15%)
Exchange Rate:0.011931 (5.53% from mid-rate)
SGD amount:1,191.31 SGD
Total Cost:5.67%
Difference:
56 SGD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

ジャスコ JUSCO  logoジャスコ JUSCO

ジャスコ JUSCO : Foreign Transfer JPY→SGD
JPY amount:¥100,000 JPY
Fee:¥1000 JPY (1%)
Exchange Rate:0.012010 (4.9% from mid-rate)
SGD amount:1,188.99 SGD
Total Cost:5.85%
Difference:
59 SGD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer JPY→SGD
JPY amount:¥100,000 JPY
Fee:15
Exchange Rate:0.012065 (4.47% from mid-rate)
SGD amount:1,187 SGD
Total Cost:5.98%
Difference:
61 SGD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logoCitibank

Citibank: Foreign Transfer JPY→SGD
JPY amount:¥100,000 JPY
Fee:12
Exchange Rate:0.011821 (6.4% from mid-rate)
SGD amount:1,181.96 SGD
Total Cost:6.41%
Difference:
66 SGD less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 07/20/2019 - See full table

JPY to SGD interbank exchange rate = 0.012629

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on JPY/SGD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

JPY and SGD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the JPY vs SGD, you should pay attention to the recent market trends for both currencies.

 

Japanese Yen (JPY)

The yen was the star performer in the weeks leading up to this report (May-17), with appreciation driven by a flight to safety following a serious escalation in the US-China trade war. The benchmark yen rate, USD/JPY, was down in the mid-109s, having been as high as 112.4 in late April. Relatively speaking, against their April highs, other yen rates had fallen even more (NZD/JPY was down from 76 to 71.6).

In May, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

Read more in the article JPY Forecasts.

 

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.

Why can't I just get the JPY/SGD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the JPY / SGD was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all JPY Exchange Rates