The Singapore Dollar (SGD) has hit a record high against the Japanese Yen (JPY), with the exchange rate reaching as high as ¥110.10 for every 1 Singapore Dollar on 31 October 2023.
The Japanese Yen (JPY) experienced a decline in value due to the Bank of Japan’s (BoJ) commitment to maintaining an exceptionally accommodative policy to bolster the domestic economy.
For those who are planning a trip to Japan soon, this might be a good time to exchange for some Japanese yen.
When the exchange rate hits 109.66 in October this year, many customers have visited local money changers to stash up on the currency. For those who are own multi-currency travel wallets such as YouTrip or Revolut can take advantage of the favourable exchange rate to do an in-app exchange in real time.
You can get a rate of S$1 = ¥109.96 on Revolut:
If you also use YouTrip to lock in a rate of as high as S$1 = ¥110.10: