SGD to JPY

Converting Singapore Dollar into Japanese Yen explained

This page brings together the rate for Singapore Dollar (SGD) and Japanese Yen (JPY) and sets it next to what real providers charge to convert one into the other. At the latest update on October 30, 2026, one SGD is worth 123.0438 JPY, and one JPY is worth 0.00812719 SGD.

The rate shown above is the interbank mid rate. It is calculated as the middle of what wholesale traders pay for SGD and what they ask for it. It works as the cleanest reference you can get: it contains no profit margin and no fees, which is exactly why you rarely get it as a private customer.

The amount that lands in the other account is shaped by two things: the margin a provider adds to that rate and the fee you see on the order screen. In the sections below we explain how those costs work, look at what a conversion costs in practice and list practical steps to get closer to the mid-market rate when you swap Singapore Dollar for Japanese Yen.

How to get a better SGD to JPY rate

Look at the final amount, not just the fee. A low headline fee proves nothing because the margin can make up the difference. The number that matters is the JPY amount after every cost, which combines the markup and the fee.

If you pay or withdraw cash in a JPY country, a terminal may offer to charge you in your home currency. This is called dynamic currency conversion. It usually comes with a steep markup. Choose the local currency so your bank or card issuer handles the exchange.

Timing can also matter. At weekends, with the wholesale market shut, some services add an extra buffer to the rate. For transfers that can wait, an alert tells you when the rate hits a level you are happy with. It saves you from checking the rate every day, but there is no guarantee the rate will get there.

Finally, look at how you pay. Card payments often cost more than a bank transfer, and a plain bank transfer is normally the low-cost option. Bundling smaller transfers reduces what you pay in flat fees.

Delivery times and routes for JPY transfers

Your regular bank usually sends the money over the SWIFT network. Along the way one or more intermediary banks may handle it, and each can take a fee. It typically arrives within a few working days, and the exact cost is not always clear in advance.

Many money transfer apps use a different model. They hold balances in both currencies, so your SGD stays in the SGD system and the recipient is paid in JPY from a local account. That is often faster and cheaper, and the amount that arrives is known in advance.

Delivery time depends on several factors: your payment method, cut-off times and public holidays on either side. The very first payment may be slower because the provider has to verify your identity. Finish verification in advance if the money has to arrive on a set date.

Larger transfers: what to check first

Make sure the provider is licensed. In the UK that means authorisation by the FCA, elsewhere a central bank or financial supervisor. Licensed payment firms must keep customer money separate from their own and that offers protection if the company fails.

Check names and account details twice. Mistakes are rarely fixed quickly with transfers abroad. Unexpected changes to payment details are a classic warning sign: confirm by phone using a number you already know.

Big sums usually trigger extra verification. Providers may ask for proof of where the money comes from, for example a contract of sale or an account statement. For big amounts it can pay to ask for a better rate. A rate lock, where offered, removes uncertainty while the money is on its way.

How GoldexPay compares SGD to JPY providers

Every calculation begins with the mid-market rate of 123.0438. Each provider’s published fee and markup are applied on top, to calculate what actually arrives in JPY. We do this for 8 providers, so you can see the differences at a glance.

The figures refresh every half hour, so the page reflects the market of October 30, 2026. Always check the final quote in the provider’s app or website, since markets keep moving.

No bank, app or exchange owns GoldexPay. Some links on this page are affiliate links, which help pay for the site. The order is never affected by them: the only ranking criterion is the amount received.

Exchange rate markup and fees on SGD/JPY

Most providers stay away from the mid-market rate as such. Instead they quote a slightly worse rate and pocket the gap. This is known as the exchange rate margin. A markup of 2%, for example, means that you lose roughly 2 SGD on every 100 SGD, without it ever appearing as a fee.

Besides the hidden margin, many providers add a visible fee. It may be a fixed amount per transfer, a percentage of the amount or both at once. For transfers sent through the banking network extra deductions can follow, so the recipient gets less than you expected.

Look twice at offers that say "no fees" or "0% commission". In many cases the margin in the rate simply does the work of the fee. The reliable test is the total amount that arrives in JPY for the same amount of SGD, and that is the figure our table ranks on.

1,000.00 SGD to JPY, step by step

Take a conversion of 1,000.00 SGD. At the mid-market rate of 123.0438, that sum sets the ceiling for what any provider could deliver in JPY. In practice nobody hands over that full amount, since the margin and fees are taken out along the way.

Looking at all 8 providers we track, Revolut came out cheapest for this amount, with 122,428.59 JPY after all costs. Whatever is missing compared with the mid-market amount is the real price of the transfer.

Note that rankings shift with the amount you send. A flat fee hurts most when the amount is small, whereas the margin in the rate becomes the bigger cost on larger transfers. Run your own figure through the converter for a ranking that fits your situation.

SGD and JPY around the world

Singapore Dollar is the currency of Singapore. Japanese Yen is what people pay with in Japan. Knowing this helps for anyone who earns in one of these currencies and spends in the other.

People convert SGD to JPY for many reasons: rent or a mortgage abroad, tuition fees, a salary paid in another currency, savings or a holiday. Each situation asks for something different: a one-off large payment calls for the best rate, while frequent smaller payments suffer more from flat charges.

Each country has its own payment habits. Some recipients expect a bank account number with a local bank code, others an IBAN and in certain countries payout to a mobile wallet is the norm. Have the recipient’s full details ready before you begin.

One year of SGD to JPY

Over the past twelve months, the SGD/JPY rate shows a change of +3.80%. Within those twelve months the highest level was 126.8980 JPY for one SGD, and the low point came in at 117.4974. Today’s rate of 123.0438 sits somewhere inside that range.

The spread between the year’s extremes is a useful reminder of how far the rate can travel. For a bigger amount, the moment of conversion matters in actual money, even when the fee stays the same.

Rates are pushed around by interest rate decisions, inflation figures, trade flows and general market sentiment. The statistics here are historical, not a forecast. If you are waiting for a particular level, a rate alert is a calmer option than trying to predict the market.