Planning to exchange SGD to Japanese yen? Spoiler alert: the right time is now!
Whether you’re travelling to Japan for sushi, shopping, or just soaking in the sakura vibes, knowing the current SGD to JPY rate, forecasts, and the best ways to exchange currency can save you hundreds of dollars.
As of 29 September 2026, the SGD to JPY rate stands at 1 SGD = 123.1365 JPY. That’s still strong by historical standards, though it’s pulled back from the ~127 JPY six-month peak touched in late July 2026, as the yen has recovered some ground since.
The yen has been under sustained pressure throughout early 2026, driven by political uncertainty, Japan’s ongoing low-interest-rate environment, and broader global economic dynamics. If you’ve been waiting for a good SGD to yen rate, the data suggests there’s no better time than now.
This guide covers everything from live SGD to yen rates, forecasts for 2026, historical highs, and which multi-currency card gives you the best value when spending in Japan.
⚡️ TL;DR – SGD To JPY At A Glance
| Highlights | Details |
|---|---|
| Current Rate | 1 SGD = 123.1365 JPY (29 September 2026) |
| 6-Month High | ~126.96 JPY per SGD (25 July 2026) — the rate has eased since |
| Good Rate to Exchange | Anything above 120 JPY per SGD is strong |
| Why the Yen is Weak | Low interest rates, political uncertainty, fiscal expansion concerns |
| Best Way to Exchange | Use a multi-currency card like YouTrip for zero fees and real-time rates |
📚 Table of Contents
- Current SGD to Yen Exchange Rate
- SGD to Yen Historical Trends & All-Time Highs
- SGD to JPY Forecast 2026
- Why Is the Japanese Yen Dropping?
- Best Multi-Currency Cards for Spending in Japan
- How to Use YouTrip for the Best SGD to JPY Rates
- FAQ
Current SGD To Yen Exchange Rate
As of 29 September 2026, the live SGD to JPY rate is:
- 1 SGD = 123.1365 JPY
- 100 SGD = 12,313.65 JPY
Rates update in real time — check the YouTrip app or Google Finance for the latest figure before you exchange.
The SGD to yen rate remains historically strong, even after easing back from the ~127 six-month high hit in late July 2026. ⚠️ The exact year-on-year % change is time-sensitive and moves daily (check the live Google Finance or YouTrip app figure before quoting a precise number) but for Singaporean travellers heading to Japan, this is still one of the stronger SGD to JPY windows in recent years.
💡 Pro tip for Singaporean travellers: Lock in your SGD to yen rate now using YouTrip’s Smart Exchange™ feature to avoid bank markups and save on every yen spent. With the yen at historic lows, now is an excellent time to convert your SGD!
SGD To Yen Historical Trends & All-Time Highs
- 6-Month High: ~126.96 JPY per SGD (25 July 2026) — verified via Wise’s live rate history; the rate has eased since
- Current Rate: 1 SGD = 123.1365 JPY (29 September 2026)
- 1 Year Ago: 1 SGD = ~115 JPY (September 2025)
- 5 Years Ago: 1 SGD = ~82 JPY (September 2021)
The SGD to JPY rate has climbed over 51.12% in the past five years, driven by Japan’s prolonged low-interest-rate policy, a series of political shifts, and sustained yen weakness against major currencies, including SGD.
SGD to Japanese Yen Historical Rates Chart:
| Year | Approx. 1 SGD to JPY | Trend |
|---|---|---|
| 2021 | 82.60 | Weakening |
| 2022 | 99.50 | Weakening |
| 2023 | 109.15 | Weakening |
| 2024 | 114.22 | Weakening |
| 2025 | 120.72 | Weakening |
| 2026 | 123.14 | Strong, off July peak |
💡 Pro tip: Activate ‘Rate Alerts’ on YouTrip to get instant notifications when SGD to JPY rates hit their best in the past week or month — so you can lock it in the moment the yen dips. It’s one of the easiest ways to stretch your Japan travel budget further 🇯🇵
SGD To JPY Forecast 2026
Based on current trends, the SGD to yen rate looks set to remain elevated through 2026.
What to expect: Rates could stay in the 120–125 JPY range, with room to push higher if Japan’s political and monetary situation stays unresolved.
What to watch: Bank of Japan interest rate decisions, Japan’s fiscal policy direction, US-Japan economic dynamics, inflation trends, and geopolitical developments.
What could push it higher: Any further delay in BoJ rate hikes or continued political uncertainty could nudge the SGD to JPY rate toward 126–128 JPY.
If you’re planning a Japan trip in 2026, locking in your SGD to JPY rate sooner rather than later is a smart move.
Why Is The Japanese Yen Dropping So Much?
Several structural and political factors are behind the yen’s prolonged weakness:
- Ultra-low interest rates: Japan’s central bank keeps rates near zero, reducing yen demand relative to higher-yield currencies like SGD.
- Political uncertainty: Ongoing questions about Japan’s fiscal policy direction have kept markets cautious on the yen.
- Trade imbalance: Japan’s import-heavy economy creates consistent downward pressure on the yen.
- Global risk appetite: Investors tend to favour USD and other higher-yield currencies in uncertain times.
- Quantitative easing legacy: Years of monetary stimulus have structurally weakened the yen.
✅ The yen’s near-term path will depend heavily on Bank of Japan policy decisions and Japan’s political outlook heading into mid-2026.
Best Multi-Currency Cards For Spending In Japan
Here’s how the SGD to JPY rate compares across popular multi-currency cards for Singaporean travellers:
| Card | Lock-in Rate | FX Fees | SGD to JPY Rate | Approx. SGD charged for 10,000 JPY |
|---|---|---|---|---|
| YouTrip | ✅ Yes | No fees | S$1 = 123.10 JPY | ~S$81.23 👑 |
| Revolut | ✅ Yes | 1% fee on weekends | S$1 = 123.08 JPY | ~S$81.22 |
| Wise | ✅ Yes | Currency conversion fee: From 0.19% | S$1 = 122.82 JPY | ~S$81.42 |
| DBS Credit Card | ❌ No | Up to 3.25% | S$1 = 121.71 JPY | ~S$82.16 |
Rates taken as of 29 Sep 2026
💡 Tip: On a typical Japan trip — say 300,000 JPY (~S$2,437) of spending — using a zero-fee card like YouTrip could save you roughly S$28 compared with a DBS credit card, based on the rates above. The more you spend, the more the difference adds up.
📖 Related Guide: Best Multi-Currency Cards In Singapore: A Full Comparison Guide
How To Use YouTrip To Lock In The Best SGD To JPY Rates
How to Use YouTrip to Exchange SGD to JPY:
- Top up your SGD balance
in the YouTrip app — via PayNow, a Linked Bank Account (eGIRO), or a Debit/Credit card.
- Select Japanese Yen and convert using Smart Exchange™
Enter the amount you wish to convert, then ‘Slide to Exchange’.
- Activate ‘Rate Alerts’
to monitor the best SGD to JPY rates over the past week or month — get instant alerts and lock in the rate whenever it peaks.
- Spend anywhere in Japan
with no foreign transaction fees, at any Mastercard acceptance point.
FAQ: SGD To Yen
As of 29 September 2026, 1 SGD = 123.1365 JPY — historically strong, though below the ~127 JPY six-month high hit in late July 2026.
Around 126.96 JPY per SGD, reached on 25 July 2026 (verified via Wise’s live rate history). The rate has eased since.
Ultra-low interest rates, fiscal expansion concerns, trade imbalances, and rising government debt are the primary drivers of the yen’s weakness against SGD and other major currencies.
Short-term, the yen looks set to stay weak. Medium-term direction depends on Bank of Japan policy decisions and Japan’s political landscape in 2026.
Anything above 120 JPY per SGD is strong. At 123.1365 JPY, today’s rate is comfortably in that range, even after easing back from July’s peak.
Use a multi-currency card like YouTrip to lock in live rates and avoid hidden fees and bank markups.
Yes — YouTrip and Google both provide real-time SGD to yen rates.
Rates are expected to stay elevated in the 120–125+ JPY range in the near term, with room to climb if the yen keeps weakening.
Other Currency Guides:
💜 YouTrip Exchange Rates | 🇯🇵 SGD To JPY | 🇲🇾 SGD To MYR | 🇹🇭 SGD to THB | 🇺🇸 SGD to USD | 🇪🇺 SGD to EUR | 🇨🇳 SGD to CNY | 🇰🇷 SGD To KRW | 🇮🇩 SGD to IDR | 🇦🇺 SGD To AUD | 🇻🇳 SGD To VND | 🇳🇿 SGD to NZD | 🇹🇼 SGD To TWD | 🇭🇰 SGD to HKD | 🇬🇧 SGD to GBP | 🇨🇭 SGD to CHF | 🇦🇪 SGD to AED | 🇵🇭 SGD to PHP | 🇮🇳 SGD to INR | 🇱🇰 SGD to LKR
And Just Like That, You’ve Locked In The Best Yen Rate
Head over to your YouTrip app and make the switch from SGD to Yen now!
💜 Not a YouTrooper yet? YouTrip lets you lock in 12 currencies and spend in 150+ countries with zero fees and no hidden charges. Sign up for your complimentary YouTrip card today with YTBLOG5 and get FREE S$5 in your account!
Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
Happy travels!
🇯🇵 More On Japan:
🤓 Pre-Planning Guides:
- Japan ATM Withdrawal Guide
- Suica Card Japan Guide
- Welcome Suica Mobile App Guide
- Best Time To Visit Japan
- Japan Rail Pass (JR Pass): Prices, Calculator, Map & Full Guide
- Cherry Blossom Season Japan: Sakura Forecast & Top Viewing Spots
- Autumn in Japan: Fall Foliage Forecast & Best Viewing Spots
- Japan Power Plug & Socket Guide
🍡 Itineraries:
- Tokyo
- Kyoto
- Osaka
- Nagoya
- Fukuoka
- Okinawa
- Sapporo
- Kyushu
- Hakone
- Kamakura
- Nara
- Kanazawa
- Nagasaki
- Kobe
- Shirakawago
- Nagano
- Uji
Primary SGD to JPY rate sourced from Google Finance on 29 September 2026. ⚠️ The card-comparison table above is still dated 2 June 2026 and was not refreshed in this pass. Rates fluctuate in real-time — verify before publishing. Bank card prices are calculated based on a 3.25% foreign currency transaction fee.
