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SGD/JPY - Convert Compare Save

Singapore Dollar to Japanese Yen 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 Singapore Dollar to Japanese Yen exchange rate, has news, forecasts and SGD to JPY 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.

SGD/JPY 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 SGD/JPY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

SGD to JPY International Money Transfers

  

Foreign Transfer ProvidersReceive JPY(¥)Exchange RateFee SGDTotal CostDeal Links
OFX logo
781,100 JPY78.1101.25%
DBS Bank logo
772,307 JPY77.37182.36%
HSBC logo
764,651 JPY76.58$153.33%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
764,188 JPY76.7183.39%
OCBC Bank International Money Transfers
OCBC Bank logo
761,904 JPY76.96$1003.68%
Citibank International Money Transfers
Citibank logo
757,889 JPY75.88124.18%
 
OFX: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:78.11 (1.25% from mid-rate)
JPY amount:781,100 JPY
Total Cost:1.25%
Time:
Rate Fetched: Tue Jun 18 2019 00:15:00 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:77.37 (2.18% from mid-rate)
JPY amount:772,307 JPY
Total Cost:2.36%
Difference:
8,793 JPY less than using OFX
Time:2:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:76.58 (3.18% from mid-rate)
JPY amount:764,651 JPY
Total Cost:3.33%
Difference:
16,449 JPY less than using OFX
Time:2:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:76.74 (2.98% from mid-rate)
JPY amount:764,188 JPY
Total Cost:3.39%
Difference:
16,912 JPY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:76.96 (2.7% from mid-rate)
JPY amount:761,904 JPY
Total Cost:3.68%
Difference:
19,196 JPY less than using OFX
Time:2:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:75.88 (4.07% from mid-rate)
JPY amount:757,889 JPY
Total Cost:4.18%
Difference:
23,211 JPY less than using OFX
Time:2:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 06/18/2019 - See full table

SGD to JPY interbank exchange rate = 79.0854

 
 

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 SGD/JPY exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

SGD and JPY in the Markets

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

 

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.

 

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.

Why can't I just get the SGD/JPY 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 SGD / JPY 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 SGD Exchange Rates