SGD/JPY: what to know
The SGD/JPY rate shows how much JPY you get for 1 SGD. Right now, 1 SGD buys 126.0613 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.007933 SGD.
In the short term SGD is driven mainly by the MAS-managed currency basket, while JPY responds to Bank of Japan policy and global risk appetite.
The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the SGD/JPY rate has ranged between 114.0481 and 125.9307 — a change of +9.59% 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.