Japan and Singapore Deepen Economic Cooperation to Drive Regional Development

In May 2025, Japanese Prime Minister Shigeru Ishiba expressed his commitment to defending rules-based, free, and multilateral trade systems and expanding the Asia-Pacific trade group to address current trade tensions.

Simultaneously, Singapore's Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, visited Japan from May 27 to 29, 2025, to attend the 30th Nikkei Forum on the Future of Asia and meet with Japanese political and business leaders, further strengthening economic and trade cooperation between the two countries. 

JPY to SGD Exchange Rate Fluctuations

As of May 29, 2025, the exchange rate stands at approximately 1 JPY = 0.0089 SGD. 

Over the past year, the JPY to SGD exchange rate has experienced significant fluctuations, peaking at 0.009276 and dipping to a low of 0.008626, with an average rate of around 0.008929. 

These fluctuations directly impact cross-border remittances, making it crucial to choose the right timing and tools to optimize costs and enhance fund utilization efficiency.

Singapore's Foreign Exchange Policies and Remittance Preparation

In its April 2025 monetary policy statement, the Monetary Authority of Singapore (MAS) announced that it would continue with the policy of a modest and gradual appreciation of the S$NEER policy band, but the rate of appreciation would be reduced slightly. 

When conducting cross-border remittances, thorough preparation of necessary documents can enhance the efficiency of the remittance process.

Panda Remit: An Efficient and Secure Cross-Border Remittance Tool

Among various cross-border remittance tools, Panda Remit stands out.

It not only supports real-time remittances from Japanese Yen to Singapore Dollar but also provides transparent exchange rate information and extremely low fees, only one-tenth of traditional bank remittance fees.

Furthermore, Panda Remit supports linking global bank accounts and mainstream e-wallets, ensuring users can flexibly choose their preferred method of receiving funds.

Ensuring Cross-Border Fund Security with Panda Remit

In cross-border remittances, the security of funds is paramount.

Panda Remit employs bank-level encryption technology to ensure the safety of users' funds and personal information.

Additionally, its stringent risk control system and compliance operations have been recognized by multiple financial regulatory authorities worldwide.

Choose Panda Remit for Hassle-Free Cross-Border Transfers

With the growing economic collaboration between Japan and Singapore, the demand for cross-border remittances continues to rise.

Selecting a secure, efficient, and cost-effective remittance tool will significantly simplify your cross-border fund transfers.

Register with Panda Remit now and enjoy zero fees on your first transfer!

Panda Remit—trusted globally by millions for fast, safe, and affordable international money transfers.