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    Best SGD to JPY Exchange Rates Compared Live

    The best SGD to JPY exchange rate is 112.05. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    Singapore dollar to Japanese yen (SGDJPY) rate guide contents:

    Compare SGD-JPY exchange rates

    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.

    This Singapore dollar to Yen comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest SGD-JPY mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : SGD to JPY under scrutiny as MAS flags inflation worries & growth uncertainty. Nov. gains seen after Fed holds rates, but global issues loom. As analysts forecast JPY drop vs majors, current SGDJPY at 111.4 remains volatile. Eyes on MAS & global factors for future shifts. #FXMarketUpdate #SGDJPY2024

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    SGD to JPY Market Data

    Singapore dollar (SGD) to Japanese yen (JPY) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 SGD =
    112.05We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    +0.2%
    πŸ“ˆ3M
    SGD to JPY is at 90-day highs near 111.8, 2.1% above its 3-month average of 109.5, having traded in a quite stable 5.0% range from 106.5 to 111.8
    |
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    DateSGD/JPYChangePeriod
    07 Feb 2024
    110.24
    1.4% β–²2 Week
    23 Nov 2023
    111.59
    0.2% β–²3 Month
    21 Feb 2023
    100.72
    11% β–²1 Year
    22 Feb 2019
    81.93
    36.4% β–²5 Year
    23 Feb 2014
    80.90
    38.2% β–²10 Year
    26 Feb 2004
    64.37
    73.7% β–²20 Year
    SGD/JPY historic rates & change to 21-Feb-2024

    Forecasts for SGD to JPY

     

    Recent market updates and forecasts suggest a cautious outlook for the SGD to JPY exchange rate. The Monetary Authority of Singapore (MAS) expressed concerns about sticky inflation and uncertainty in growth recovery, indicating a potential risk for the Singapore dollar. However, the SGD gained some momentum in November after the Federal Reserve decided to hold rates. Nonetheless, the global growth prospects and geopolitical tensions in Ukraine and the Middle East create uncertainty for the Sing dollar.

    Read our full review of recent SGD to JPY forecasts.

     

    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:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; UpπŸ“ˆ or DownπŸ“‰ trends over periods from 1 week (1W) to 3 months (3M).

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    Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.

     
     
     

    Country Currency Guides

    JapanJapan (JPY)SingaporeSingapore (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

       
     
     

    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

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