Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Japanese Yen (JPY) has experienced notable fluctuations over the past few months, influenced by various economic indicators and market sentiments. This report provides an analysis of the recent trends, technical indicators, and potential factors affecting the SGD/JPY currency pair.

Recent Exchange Rate Trends

Between September 2024 and March 2025, the SGD/JPY exchange rate exhibited a range of movements:

• Highs and Lows: The highest recorded rate was 116.19 JPY per SGD on December 27, 2024, while the lowest was 108.48 JPY per SGD on September 13, 2024. (exchange-rates.org)

• Average Rate: Over this period, the average exchange rate was approximately 113.62 JPY per SGD. (exchange-rates.org)

• Recent Data: As of March 29, 2025, the exchange rate stood at 111.83 JPY per SGD. (exchangerates.org.uk)

Technical Analysis

Technical indicators provide insights into the potential future movements of the SGD/JPY pair:

• Moving Averages: On March 15, 2025, both simple and exponential moving averages across various periods (5, 10, 20, 50, 100, and 200) signaled a "Strong Buy," indicating a bullish trend. (investing.com)

• Relative Strength Index (RSI): The 14-day RSI was at 60.813, suggesting that the currency pair was approaching overbought territory. (investing.com)

• MACD: The Moving Average Convergence Divergence (MACD) value of 0.09 indicated bullish momentum. (investing.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the SGD/JPY exchange rate:

• Economic Indicators: Differences in GDP growth, inflation rates, and interest rates between Singapore and Japan can impact the exchange rate. For instance, if Singapore's economy grows faster than Japan's, the SGD may strengthen against the JPY.

• Monetary Policies: Decisions by the Monetary Authority of Singapore and the Bank of Japan regarding interest rates and monetary easing can influence investor sentiment and currency valuations.

• Geopolitical Events: Trade agreements, political stability, and regional developments can affect currency demand and supply dynamics.

Forecasts and Market Sentiment

As of March 20, 2025, market sentiment for the SGD/JPY pair was predominantly bearish, with 69% of technical indicators signaling a bearish outlook. (coincodex.com) However, forecasts suggested that the 200-day Simple Moving Average (SMA) would rise to 113.40 by April 19, 2025, indicating potential appreciation of the SGD against the JPY. (coincodex.com)

Conclusion

The SGD/JPY exchange rate has shown variability influenced by economic indicators, monetary policies, and market sentiments. While technical analyses have provided mixed signals, investors and traders should monitor ongoing economic developments and policy decisions in both Singapore and Japan to make informed decisions regarding this currency pair.