Singapore Dollar / Japanese Yen SGDJPY
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About Singapore Dollar / Japanese Yen
SGDJPY is the Singapore Dollar / Japanese Yen currency pair. The first currency, SGD, is the base currency, while JPY is the quote currency. The rate states how much JPY exchanges for one unit of SGD. A rising rate means the base currency has become more expensive relative to the second currency; a falling rate describes the reverse movement.
The SGDJPY rate reflects a relationship between two currencies, so economic developments and monetary policy on both sides can influence its movement. Its percentage change describes this pair alone, rather than the performance of either currency against every other currency.
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