How to send money to Singapore from Japan with the best JPY-SGD rate

A comparison of providers offering services between Japan and Singapore is paramount. Based on your specific transfer amount, the best way to send money to Singapore could change. Comparing ensures the best price for your needs.

At the moment, we found these providers to be the best for JPY/SGD

• Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Japan to Singapore. Transferring 1,000,000 JPY to SGD will cost you ¥7294 in fees, and you will receive 7,949.26 SGD. The delivery time can take within an hour, but it depends on the day you make the transfer.

• We compared 9 money transfer companies and Regency FX offers the cheapest transfer service between Japan and Singapore. Regency FX fees are 0 JPY per transfer and you can expect an exchange rate between JPY-SGD that is 0.27% different to the mid-market rate.

• Fastest way to send money to Singapore from Japan is with Revolut.

For services allowing you to send Yen to Singapore we've compared 9 providers.

This coverage of the market ensure you will get the best options for your transfer to Singapore from Japan.

A better exchange rate means more Yen being sent to Singapore. This exchange rate determines the price you will pay when buying Singapore Dollar.

Currently the mid-market rate between Yen and Singapore Dollar is 0.008.

The cost of sending money from Singapore to Singapore, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from JPY-SGD is 0.008 SGD per Yen.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Regency FX currently offers the lowest fees on transfers to Singapore from Japan, costing 0 JPY per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Singapore Dollar is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging Yens to SGD, paired with a low fee, means a higher total amount received in Singapore.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Japan and Singapore.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Japan to Singapore at this moment.

Here are all the ways to send money from Japan to Singapore:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Japan to Singapore.

By using a money transfer company such as Regency FX for transfers from Japan to Singapore, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Japan to Singapore with a debit or a prepaid card is available through .


is a one of the cheaper options for debit card payments for transfers from Japan to Singapore. This cost is against a total of 9 money transfer companies offering this option.

Credit cards

When it comes to international credit card transfers from Japan to Singapore, we recommend comparing your options to get the best deal.

Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Japan and Singapore.

Transfer limits to Japan and Singapore will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different JPY-SGD transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Singapore, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of JPY to Singapore we'd recommend using Wise. They offer a combination of rates and fees when sending from Japan to Singapore that is the most competitive.

There are different ways to receive money in Singapore.

The most popular ways are direct bank deposit into Singapore Dollar, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Japan and Singapore will offer every method for incoming Singapore Dollar.

Understanding where the money will eventually go after its left Japan and entered Singapore could impact the provider you use.

The most common (and generally easiest) way to send money from Japan to Singapore is directly into a bank account. Wise is the best company for sending money from Japan to a bank account in Singapore.

And if you need cash right away, check if cash pickup is an option for transfers between Japan and Singapore.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Singapore Dollars to Singapore, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Japan ID can be verified through a government issued ID such as a passport or driver's license.

In Singapore, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Japan and Singapore, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to Singapore from Japan due to the ease of sign up and ID verification.

When sending money between Japan and Singapore there will be tax declarations to consider.

Some transfers into Singapore Dollar may need to be reported to tax authorities in Singapore, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Singapore.

When in doubt, please contact a tax professional in Japan or Singapore to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.