Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the Singapore Dollar (SGD) is a critical metric for businesses, investors, and policymakers engaged in trade and financial activities between Japan and Singapore. This report provides an analysis of the JPY/SGD exchange rate over the past few months, examining historical trends, technical indicators, and future forecasts to offer a comprehensive understanding of its dynamics.

Historical Exchange Rate Trends

Over the past six months, the JPY/SGD exchange rate has exhibited moderate fluctuations. Between September 20, 2024, and March 19, 2025, the rate reached a high of 0.009067 SGD per JPY on March 10, 2025, and a low of 0.008607 SGD per JPY on December 27, 2024. The average exchange rate during this period was approximately 0.008791 SGD per JPY. (exchange-rates.org)

In the first quarter of 2025, the exchange rate demonstrated relative stability. For instance, on March 18, 2025, the rate was 0.0089 SGD per JPY, consistent with the rate from the previous day. (exchangerates.org.uk) This stability suggests a balanced interplay between the economic factors influencing both currencies during this period.

Technical Analysis

Technical indicators provide insights into the potential future movements of the JPY/SGD exchange rate. As of February 12, 2025, several key indicators suggested a bearish outlook:

• Relative Strength Index (RSI 14): At 28.857, indicating the currency pair was approaching oversold conditions.

• Moving Average Convergence Divergence (MACD 12,26): At -0.003, signaling downward momentum.

• Average Directional Index (ADX 14): At 45.675, suggesting a strong trend, with the negative value indicating a bearish trend.

Moving averages also reflected a bearish sentiment:

• Simple Moving Averages (SMA): The 50-day SMA was at 0.88503, below the 200-day SMA at 0.88463, indicating a downward trend.

• Exponential Moving Averages (EMA): Similarly, the 50-day EMA at 0.88313 was below the 200-day EMA at 0.88349.

These technical indicators collectively pointed towards a potential weakening of the JPY against the SGD during that period. (investing.com)

Forecasts and Predictions

Looking ahead, various forecasts provide differing perspectives on the JPY/SGD exchange rate:

• Short-Term Forecasts: Predictions for the next month suggested a decrease of approximately 2.28%, with the rate potentially dropping from 0.008911 to 0.008708 SGD per JPY. (coincodex.com)

• Medium-Term Forecasts: Over the next six months, the rate was expected to increase by 0.74%, reaching 0.008977 SGD per JPY. (coincodex.com)

• Long-Term Forecasts: By 2030, the exchange rate was projected to be around 0.009438 SGD per JPY, indicating a potential decrease of 5.91% compared to the current rate. (coincodex.com)

These forecasts suggest a complex interplay of factors influencing the exchange rate, with short-term bearish trends potentially giving way to medium-term appreciation of the JPY against the SGD.

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the JPY/SGD exchange rate:

• Economic Indicators: Differences in GDP growth, inflation rates, and interest rates between Japan and Singapore can impact the exchange rate.

• Geopolitical Events: Political stability, trade agreements, and international relations influence investor confidence and currency valuations.

• Central Bank Policies: Decisions by the Bank of Japan and the Monetary Authority of Singapore regarding monetary policy, such as interest rate adjustments and quantitative easing measures, play a significant role.

Understanding these factors is crucial for anticipating future movements in the exchange rate. (exchange-rates.org)

Conclusion

The JPY/SGD exchange rate has experienced moderate fluctuations over the past few months, influenced by a combination of economic indicators, technical factors, and geopolitical events. While short-term forecasts indicate potential depreciation of the JPY against the SGD, medium to long-term projections suggest a possible appreciation. Stakeholders should monitor these trends closely and consider the underlying factors to make informed decisions regarding currency-related transactions and investments.