SGD/JPY Exchange Rate Today — Live Chart and Analysis

SGD/JPY is an exchange rate that specifies how many JPY (Japanese Yen) can be converted into one SGD (Singaporean dollar), therefore the base currency is SGD and the price currency is JPY. If this rate declines, it means that JPY appreciates relative to SGD and if this rate increases it means that the JPY depreciates against the SGD. There are many macroeconomic factors/events (fundamentals) that affect SGD/JPY exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Singapore and Japan, the latter imports 4.8% of Singapore’s total exports, whereas Singapore imports 3.4% of Japan's total exports. The largest component of Singapore's exports are electrical, electronic equipment and machinery whereas Japan's largest export components are vehicles, machinery and nuclear reactors. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.