Loading...

Home pages - full list (A-Z)

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.

 
Foreign Transfer ProvidersReceive JPY(¥)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
755,328 JPY75.92S$510.61%
OFX logo
741,000 JPY74.10 for BER users (normally $15)2.49%
DBS Bank logo
732,679 JPY73.4183.59%
OCBC Bank International Money Transfers
OCBC Bank logo
732,006 JPY73.94S$1003.68%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
727,283 JPY73184.3%
HSBC logo
725,410 JPY72.65S$154.54%
Citibank International Money Transfers
Citibank logo
719,036 JPY71.99125.38%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
TransferWise: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:75.92 (0.1% from mid-rate)
JPY amount:755,328 JPY
Total Cost:0.61%
Time:1:09 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:74.1 (2.49% from mid-rate)
JPY amount:741,000 JPY
Total Cost:2.49%
Difference:
14,328 JPY less than using TransferWise
Time:
Rate Fetched: Sun Aug 25 2019 00:14:07 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:73.4 (3.41% from mid-rate)
JPY amount:732,679 JPY
Total Cost:3.59%
Difference:
22,649 JPY less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:73.94 (2.7% from mid-rate)
JPY amount:732,006 JPY
Total Cost:3.68%
Difference:
23,322 JPY less than using TransferWise
Time:1:09 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:72.8 (4.2% from mid-rate)
JPY amount:727,283 JPY
Total Cost:4.3%
Difference:
28,045 JPY less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:72.65 (4.4% from mid-rate)
JPY amount:725,410 JPY
Total Cost:4.54%
Difference:
29,918 JPY less than using TransferWise
Time:1:09 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:71.99 (5.27% from mid-rate)
JPY amount:719,036 JPY
Total Cost:5.38%
Difference:
36,292 JPY less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
WorldRemit: Foreign Transfer SGD→JPY
SGD amount:$10,000 SGD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table

SGD to JPY interbank exchange rate = 75.9947

 
 

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