Best SGD to JPY Exchange Rates - Compare & Save

In this SGD to yen rate guide:

SGD to JPY - Rate Calculator

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

This exchange rate calculator makes it easy to compare the Total Cost you are being charged on SGD to yen currency rates and the possible savings of using various providers.

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Provider	Amounts	Rate	Total Cost

SGD/JPY Forecasts

Over the past few months, the SGD to JPY exchange rate has shown a relatively narrow fluctuation range of 4.8%, trading between 96.84 and 101.5. As of now, the SGD to JPY rate stands at 98.44, which is only 0.8% below its 3-month average of 99.19. Factors such as the widening interest-rate gap between the US and Japan, changes in global oil prices, and the yen's safe-haven status have been influencing the exchange rate.

FX analysts expect that the upcoming months may see continued effects from February's strong US Jobs Report, alongside sluggish or flat global GDP growth due to inflationary pressures. China's improved economy and the UBS-Credit Suisse deal could further impact investor risk sentiment and FX markets. In light of these factors, it is crucial to monitor the developments in the SGD to JPY exchange rate closely.

Economists believe that while the exchange rate might continue to fluctuate within its recent range, any new developments in domestic and global conditions could have a significant impact on the rate. The market view is that the rate could be influenced by changes in the US-Japan interest-rate gap, global oil prices, and the yen's safe-haven status. Therefore, individuals and businesses should keep a close eye on these factors when transacting in SGD to JPY for the foreseeable future.

SGD/JPY Market Data

Singapore dollar to Japanese yen FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.

1 SGD = JPY

SGD to JPY at 99.70 is just above its 3-month average of 99.22, having fluctuated within a 4.8% range of 96.84-101.5

29-MAR 10PM-NY 30-MAR 3AM-LON 10AM-HK 1PM-SYD

Sell SGD → Buy JPY

Track Rate

14-DAY▲HIGH

4-DAY▲+1.6%

Date	SGD/JPY	Change	Period
15 Mar 2023	98.35	1.5% ▲	2 Week
29 Dec 2022	98.93	0.9% ▲	3 Month
29 Mar 2022	90.80	10% ▲	1 Year
30 Mar 2018	81.09	23.1% ▲	5 Year
31 Mar 2013	75.94	31.5% ▲	10 Year
03 Apr 2003	67.23	48.5% ▲	20 Year

SGD/JPY historic rates & change to 29-Mar-2023

How to get a good SGD to JPY exchange rate

There are several ways to save on exchange rates when converting Singapore dollar to Japanese yen:

Shop around for the best SGD/JPY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the SGD/JPY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and JPY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Japanese yen with Singapore dollar, then it's better for the SGD/JPY exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Singapore dollar rise against the Japanese yen?

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 BER Smart Rate Tracker to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Japan.

Singapore dollar & Japanese yen - Country Guides

Japan (JPY)

Singapore (SGD)

How is the cost of living in Japan?

The cost of living in Japan can vary depending on location, lifestyle, and individual needs. However, generally speaking, Japan is known to be one of the more expensive countries in the world, especially in terms of accommodation and transportation.

Accommodation costs, particularly in the big cities such as Tokyo and Osaka, can be quite high. Rent for apartments can be very expensive, and purchasing a home can be out of reach for many.

Read more at our Japan (JPY) country guide