The live mid-rate SGD to JPY exchange rate is 113.28. Compare currency conversion rates - Reduce FX costs.
The best SGD to JPY exchange rate is our partner deal rate of 112.71 from OFX . This is -0.5% compared to the mid-market rate 113.28.
The standard OFX SGD-JPY rate is 111.0303, -2% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Japanese yen (JPY) rates from different sources before making a conversion.
Looking at our comparison table the best SGD to JPY exchange rate is 112.71 from OFX, -0.5% from the mid-market rate 113.28. The next best rate is 112.6 from XE, -0.6% from the mid-rate. Wise with 112.6 is -0.6% from the mid-rate.
Among the banks, the CIMB Bank rate is 108.88 at -3.9%, the OCBC Bank rate is 110.22 at -2.7%, and the Maybank rate is 109.32 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Singapore dollar to Yen comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-JPY mid-rate (see Market Data below ) and the possible savings of using various providers.
Singapore dollar (SGD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | SGD/JPY | Change | Period |
|---|---|---|---|
28 Nov 2024 | 112.69 | 0.7% ▲ | 2 Week |
13 Sep 2024 | 108.48 | 4.6% ▲ | 3 Month |
13 Dec 2023 | 107.14 | 5.9% ▲ | 1 Year |
14 Dec 2019 | 80.78 | 40.4% ▲ | 5 Year |
15 Dec 2014 | 89.96 | 26.1% ▲ | 10 Year |
17 Dec 2004 | 63.40 | 78.9% ▲ | 20 Year |
Here are some popular conversion amounts for SGD to JPY (Singapore dollar to Japanese yen)*.
*Converted at the current SGDJPY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent performance of the SGD to JPY exchange rate reflects the current volatility and mixed economic fundamentals affecting both currencies. As of now, the SGD is trading at 111.7 JPY, which is 1.3% below its three-month average of 113.2, indicating a cautious sentiment in the market. Analysts noted that the Singapore dollar has depreciated against the US dollar in October due to increased risk aversion driven by uncertainty surrounding US interest rates and the upcoming election. Nonetheless, Singapore's economic conditions are showing signs of resilience, with a revised growth forecast for 2024 lifted to around 3.5%, bolstered by a 3.2% quarter-over-quarter growth in Q3. The Monetary Authority of Singapore's hawkish stance could lend some support to the SGD, especially in the context of rising local inflation and a stable economic recovery.
Read our full review of recent SGD to JPY forecasts.
There are several ways to save on exchange rates when converting Singapore dollar to Japanese yen:
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.
Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.
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.
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.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| Japan (JPY) | Singapore (SGD) |
Japan offers a unique blend of tradition, modernity, and economic opportunity, making it an attractive destination for expatriates and business professionals. Here’s a practical guide to help you navigate life and work in Japan.
Japan’s unique cultural and professional landscape offers immense opportunities for expatriates and business professionals. Understanding its traditions and practices will help you integrate and succeed in this dynamic country.
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
^ Scroll back up to ^
^
