Convert Singapore Dollar to Japanese Yen
SGD to JPY Exchange Rate Calculator
1 Singapore Dollar (SGD) = 124.7100 Japanese Yen (JPY) at the live mid-market rate. That means $100 SGD converts to roughly 12,471.00 JPY, and $1,000 SGD converts to about 124,710.00 JPY. The SGD/JPY rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day SGD/JPY context
Over the past 90 days, SGD/JPY has traded between 122.6800 and 125.2300. The current rate of 124.7100 sits roughly 80% through that range — near the upper end, meaning Japanese Yen has been weaker than typical against Singapore Dollar recently. Versus the rate 90 days ago, Singapore Dollar has strengthened by 1.09% against Japanese Yen.
SGD/JPY Price History
Interactive SGD/JPY exchange rate chart with 7-day, 30-day, and 90-day views.
About Singapore Dollar (SGD)
The Singapore Dollar (SGD) is the official currency of Singapore, managed by the Monetary Authority of Singapore (MAS) under a unique exchange-rate-based monetary policy framework. Instead of setting interest rates, MAS steers SGD against an undisclosed trade-weighted basket (the S$NEER), making SGD one of the most carefully managed floats in the world.
- •MAS uses the S$NEER (Nominal Effective Exchange Rate) as its primary policy tool, not interest rates
- •Singapore is the world's third-largest forex trading hub
- •Singapore has run a current-account surplus every year since 1988
- •MAS announces policy twice a year (April and October)
- •The S$NEER basket composition is not published but is estimated to heavily weight USD, CNY, and MYR
About Japanese Yen (JPY)
The Japanese Yen (JPY) is the official currency of Japan and the third-most-traded currency worldwide. It is the premier carry-trade funding currency thanks to decades of ultra-low interest rates, and it plays a defining safe-haven role during global equity selloffs.
- •Third-most-traded currency, ~17% of daily forex volume
- •Bank of Japan ended its negative interest rate policy in March 2024 after 17 years
- •Japan holds the world's largest net international investment position
- •Yen weakness typically boosts Japanese exporter earnings (Toyota, Sony, etc.)
- •The Ministry of Finance — not the BoJ — controls FX intervention policy
Frequently Asked Questions
When is SGD/JPY most liquid?
Liquidity is deepest during the Tokyo and Hong Kong sessions (00:00–08:00 UTC) when SGD markets are open. Spreads widen noticeably during the New York afternoon and Asian public holidays.
What is a typical daily range for SGD/JPY?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move SGD/JPY the most?
The biggest scheduled catalysts are MAS semi-annual policy statements (April/October) and BoJ rate decisions, MoF intervention language, and BoJ Outlook Reports. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert SGD to JPY at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market SGD/JPY than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the SGD/JPY rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market SGD/JPY rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers