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.
The above
XE - Singapore dollar to Yen comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
XE and other foreign exchange providers against the latest SGD-JPY mid-rate and the possible savings of using various providers.
How do XE SGD-JPY rates compare between providers?
Looking at the full
SGD to JPY - Send Money comparison table the provider with the best SGD to JPY exchange rate is OFX at 126.16, -0.5% from the latest mid-market rate 126.79.
The next best is Wise at 126.13, -0.52% from the mid-rate.
Then XE at 126.03, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 111.09 at -12.4% the OCBC Bank rate is 123.37 at -2.7% and the Maybank rate is 122.36 at -3.5% compared to the mid-rate 126.79.
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
like XE or platforms that offer rates closer to the mid-market rate.