Exchange Rate Calculator

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

Historical Exchange Rate Trends

Over the past several months, the SGD/JPY exchange rate has exhibited notable fluctuations. In January 2025, the exchange rate was approximately 115.66 JPY per 1 SGD. By mid-March 2025, it had declined to around 111.13 JPY per 1 SGD. This downward trend indicates a depreciation of the Singapore Dollar relative to the Japanese Yen during this period.

Technical Analysis

Technical indicators provide insights into the momentum and potential future movements of the SGD/JPY exchange rate. As of March 15, 2025, several key indicators were as follows:

• Relative Strength Index (RSI 14): 60.813, suggesting a 'Buy' signal.
• Stochastic Oscillator (9,6): 62.208, also indicating a 'Buy' signal.
• Moving Average Convergence Divergence (MACD 12,26): 0.09, supporting a 'Buy' signal.
• Average Directional Index (ADX 14): 50.456, indicating a strong trend with a 'Buy' signal.

These indicators collectively suggest a bullish momentum for the SGD/JPY pair as of mid-March 2025.

Moving Averages

Moving averages help smooth out price data to identify trends over specific periods. As of March 15, 2025, the moving averages for the SGD/JPY pair were:

• 5-day Simple Moving Average (SMA): 111.41, indicating a 'Buy' signal.
• 10-day SMA: 111.36, also a 'Buy' signal.
• 20-day SMA: 111.32, supporting a 'Buy' signal.
• 50-day SMA: 111.06, indicating a 'Buy' signal.
• 100-day SMA: 110.99, also a 'Buy' signal.
• 200-day SMA: 111.09, supporting a 'Buy' signal.

The alignment of these moving averages suggests a consistent upward trend in the SGD/JPY exchange rate during this period.

Forecasts and Predictions

Looking ahead, forecasts for the SGD/JPY exchange rate suggest a gradual appreciation of the Japanese Yen relative to the Singapore Dollar. For instance, the average rate for May 2025 is projected to be approximately 109.08 JPY per 1 SGD, with a slight increase to around 110.40 JPY per 1 SGD by September 2026.

Conclusion

The SGD/JPY exchange rate has experienced a downward trend from January to March 2025, with technical indicators in mid-March suggesting a potential reversal towards bullish momentum. Moving averages during this period support a 'Buy' signal, indicating a possible upward trend. However, forecasts for the coming months and years suggest a gradual appreciation of the Japanese Yen relative to the Singapore Dollar. Stakeholders should monitor these trends closely and consider both technical indicators and economic fundamentals when making decisions related to this currency pair.