Exchange Rate Calculator

The exchange rate between the Singapore Dollar (SGD) and the Japanese Yen (JPY) is a critical metric 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. (maybefinance.com)

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. (maybefinance.com)

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. (maybefinance.com)

Recent Developments

As of July 1, 2025, technical analysis from Investing.com indicates a 'Strong Sell' signal for the SGD/JPY pair. The summary shows:

• Moving Averages: 2 Buy, 10 Sell.
• Technical Indicators: 0 Buy, 11 Sell.

Specific indicators include:

• RSI (14): 44.276, indicating a 'Sell' signal.
• MACD (12,26): -0.05, also a 'Sell' signal.
• ADX (14): 27.812, suggesting a 'Sell' signal.

These indicators reflect a bearish sentiment for the SGD/JPY pair as of early July 2025. (investing.com)

Forecasts

Looking ahead, forecasts for the SGD/JPY exchange rate vary. According to CoinCodex, as of June 5, 2025, the general sentiment was bearish, with 8 technical analysis indicators signaling bullish signals and 18 signaling bearish signals. The forecast predicted that SGD/JPY would finish the year trading between 112.60 and 117.80, implying a potential increase of 3.82% compared to the rates at that time. (coincodex.com)

Conclusion

The SGD/JPY exchange rate has experienced fluctuations over the past few months, with periods of both appreciation and depreciation. Technical indicators and moving averages have provided mixed signals, reflecting the dynamic nature of the currency pair. Recent analyses suggest a bearish sentiment, but forecasts indicate potential for appreciation by the end of the year. Stakeholders should monitor ongoing economic developments and central bank policies in both Singapore and Japan to make informed decisions regarding the SGD/JPY exchange rate.