Delayed

SGD/JPY currency exchange rate

123.13 JPY
Singapore Dollar / Japanese Yen-0.370 (-0.30%) today
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2025-09-192026-03-192026-09-18

SGD/JPY currency converter

¥12,313
1 SGD = 123.13 JPYDaily reference · Checked 2026-09-18 00:00:00 UTC

How do I query SGD/JPY?

One authenticated GET returns the latest value with its timestamp and source. Swap the language tab for your stack.

$ curl https://api.exchangerate.dev/v1/rate/sgd-jpy \
    -H "Authorization: Bearer $API_KEY"
# → rate, timestamp, source, derived
✓The response includes source, market_session, and data_updated_at freshness metadata.

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DelayedDaily reference rate (limited by the older currency observation). Last updated 2026-09-18 00:00:00 UTC. How rates are calculated.

SGD/JPY — Singapore Dollar and Japanese Yen

SGD/JPY is a trade, investment, and travel corridor pair between Singapore and Japan — two of Asia's most developed economies. Singapore is a major financial hub, and Japanese corporations maintain significant regional headquarters there. The pair is also popular among Singapore-based retail FX traders.

The Singapore dollar is managed by the Monetary Authority of Singapore (MAS) within a nominal effective exchange rate (NEER) band, rather than through an interest-rate instrument. This means SGD doesn't follow a conventional rate-differential framework, making SGD/JPY more driven by yen dynamics than by MAS policy.

Japan is one of Singapore's top five trading partners and a major source of foreign direct investment. Repatriation of Japanese corporate profits from Singapore creates regular bilateral FX flows.

Rates here are indicative from aggregated market data and public reference rates. Not for settlement.

Frequently asked questions

How does MAS policy affect SGD/JPY?
MAS manages SGD via the exchange-rate band (NEER slope, width, center) rather than an interest rate. SGD/JPY therefore moves primarily when MAS shifts the band (rare) or when JPY moves on BoJ policy. Day-to-day MAS influence on SGD/JPY is lower than for conventional rate-driven pairs.
Is SGD/JPY popular among Singapore retail traders?
Yes. Singapore has a sophisticated retail FX market. SGD/JPY is a home-currency pair for local traders and attracts interest from those wanting exposure to JPY without crossing to USD first.
What is the carry dynamic in SGD/JPY?
Singapore doesn't set a conventional policy rate, but SGD SIBOR/SOFR alternatives offer a positive yield. Combined with BoJ near-zero rates, there is a modest carry premium for long SGD/JPY, though smaller than AUD/JPY or NZD/JPY.
Does Singapore's role as a financial hub affect SGD/JPY?
Singapore-based asset managers running multi-currency portfolios regularly convert between SGD and JPY for Asia-Pacific positioning. These institutional flows add a layer of structural liquidity to the pair.
How does SGD/JPY respond to Asian equity market moves?
SGD is often viewed as a partial proxy for Asian ex-Japan growth. When Asian equities rally, SGD tends to strengthen; when they fall, safe-haven yen demand rises. Risk-off events therefore produce a double SGD/JPY decline.
Can I access SGD/JPY history via the API?
Yes. SGD and JPY are both in the live-updating currency set. Historical daily data via /v1/range goes back to 1999-01-04 using ECB reference rates.
Is SGD/JPY relevant for Singapore–Japan travel?
Yes — both are major international travel markets for the other. At roughly 125 yen per SGD (see the live rate above), a 1,000 SGD budget converts to approximately 125,000 yen, useful for trip planning and budgeting.