JPY/SGD: what to know
The JPY/SGD rate shows how much SGD you get for 1 JPY. Right now, 1 JPY buys 0.007932 SGD at the mid-market rate. In the other direction, 1 SGD is worth 126.0711 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while SGD responds to the MAS-managed currency basket.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Over the past 12 months the JPY/SGD rate has ranged between 0.007941 and 0.008768 — a change of -8.75% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.