Best way to send: Wise
We tested & reviewed 12 money transfer companies offering services between Singapore and Japan, and Wise scored highly.
In total, Wise appeared in 100% of Singapore to Japan searches, and was the top rated company out of 12 that support transfers into Yen.
So for a great mix of cost, speed & features, make your Singapore to Japan transfer using Wise.
How to compare deals on your Singapore to Japan transfer
Considerations when sending from Singapore to Japan
Comparing money transfer companies with services between Singapore and Japan, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 12 providers providing services between Singapore and Japan. This ensures you will get the best options when sending Yen to Japan.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Japan will provide a specific provider that’s best for transferring money from Singapore.
Cheapest way to transfer money to Japan from Singapore: Revolut
Of the 12 providers compared, data shows that Revolut is 0.6% cheaper than the second-best option.
The is cost is made up of an average SGD-JPY exchange rate that is 0.02% different to the mid-market rate and an average fee of 0* SGD.
If you want to secure the best rates on a SGD to Japan transfer, Revolut will result in the most Yen received.
*The most common fee applied to SGD-JPY by Revolut, based on data from the past six months.
Fastest way to transfer money to Japan from Singapore: Wise.
Through our data, we found Wise to be the fastest option for sending money from Singapore into Yen in 48% of occasions. For fast SGD to JPY money transfers, Wise comes highly recommended.
Singapore to Japan transfers with Wise have an average fee of 8.34 SGD.
To test that Wise was the 'fastest' option we compared 12 providers. With this, we compared overall speed of sending money from Singapore to Japan made up of depositing Singapore Dollars, to a money transfer account and transfer times to Japan.
When sending at speed is a priority, Wise is our recommended choice for sending into Japan from Singapore.
Transfer a large amount of money
Wise is the best rated company for sending large amounts of Yen to Japan out of 12 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to Japan from Singapore has the potential to be very expensive.
Wise is our choice for big transfers to SGD because of all round price, speed and management when making large transfers.
Understanding the cost of moving money from Singapore to Japan
The total cost of sending money to Japan from Singapore, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for SGD-JPY is 115.1994 JPY per Singapore Dollar.
Finding a company offering an exchange rate closer to this will mean more Yen for your Singapore Dollar.
The average SGD-JPY mid-market rate for the last three months has been 115.5052 JPY per Singapore Dollar. This includes a high of 119.2098, and low of 111.2153.
Out of the 12 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting SGD to JPY should be the biggest determining cost factor when transferring Singapore Dollar to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Revolut, with a fee average of 0 SGD per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.
A lower cost of sending from Singapore will result in more money received in Japan.
Track the exchange rate for Singapore Dollar to Yen
Sending money at the right time between SGD and JPY can make a huge difference to overall cost. The exchange rate impacts how much JPY you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to JPY averaged 115.5052 JPY.
The highest value recorded was 119.2098 JPY, while the lowest was 111.2153 JPY.
12 providers currently offer transfers between Singapore and Japan close to this rate
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Paying for your Singapore to Japan money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Japan and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.