Compare live exchange rates, provider costs and current currency market data before you exchange.
Live provider rate comparison
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SMBC publishes counter and telephone foreign-currency deposit rates against Japanese yen. BER tracks the bank's buying and selling columns and compares them with current market rates.
This source applies to the product and channels named by SMBC, not necessarily to transfers, cards, cash notes or other account services. Confirm the executable rate and any fees before transacting.
BER Benchmark monitors SMBC exchange rates across the JPY currency corridors tracked by BER. The current average margin versus the mid-market rate is 3.8%.
This average is based on the JPY 10,000 transfer rates currently monitored by BER across the available SMBC currency corridors.
BER Benchmark ranks the SMBC currency corridors currently monitored for Japanese yen transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a JPY 10,000 transaction.
When Japanese yen is exchanged into foreign currency, BER uses SMBC's published selling rate. When foreign currency is exchanged into yen, BER uses the buying rate.
SMBC publishes Thai baht per 100 units. BER divides that row by 100 before converting it into BER's standard foreign-currency-units-per-yen display.
Yes, where SMBC publishes valid buying and selling prices for the currency.
The source quotes 100 Thai baht. BER normalises it to one baht before displaying or comparing the rate.
No. The tracked source is explicitly SMBC's counter and telephone foreign-currency deposit rate table.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Japanese yen (JPY) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above SMBC - Yen to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by SMBC and other foreign exchange providers against the latest JPY-SGD mid-rate and the possible savings of using various providers.
Looking at the full JPY to SGD - Send Money comparison table the provider with the best JPY to SGD exchange rate is OFX at 0.008, -0.4% from the latest mid-market rate 0.008032.
The next best is XE at 0.008, -0.4% from the mid-rate.
Then Wise at 0.008, which is -0.4% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like SMBC 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.
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