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country currency pairs sgdjpy

Singapore Dollar vs Japanese Yen

Singapore Dollar vs Japanese Yen (SGDJPY)

The SGDJPY currency pair represents the exchange rate between the Singapore Dollar and the Japanese Yen. It reflects the economic dynamics between Singapore and Japan.

-.-- -.--%
Annual change
-.--%
All time High / Low
72.247 / 120.015
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
115.026
High
115.42

SGDJPY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: 1.26
  • Swap Short: -18.2
  • Margin Group: FX Majors
  • Margin Currency: SGD
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of SGDJPY

The history of the SGDJPY currency pair is intertwined with the economic developments of both Singapore and Japan. Historically, Japan’s economic influence in Asia and Singapore’s emergence as a regional financial hub have made this currency pair significant. It has seen fluctuations driven by factors such as changes in interest rates, economic policies, and global market sentiment. The Asian financial crisis in the late 1990s and Japan’s economic challenges in the early 2000s are notable events that impacted SGDJPY. Over the years, it has remained an important pair for traders and investors seeking exposure to Asian markets and reflecting the economic ties between these two nations.

currency pair sgdjpy

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Frequently Asked Questions

SGDJPY is a currency pair symbol in the foreign exchange forex market. It represents the exchange rate between the Singapore Dollar SGD and the Japanese Yen JPY. In this pairing, SGD is the base currency, and JPY is the quote currency. Essentially, SGDJPY tells you how much one Singapore Dollar is worth in Japanese Yen. This forex pair is closely monitored by traders and investors looking to speculate on the relative strength or weakness of the Singaporean and Japanese economies, as well as for those seeking to diversify their portfolios with exposure to Asian markets.

To trade the SGDJPY currency pair, you can follow these steps. First, open an account, once your account is set up, conduct thorough research and analysis of the pair, considering economic data, interest rate differentials, and geopolitical events affecting Singapore and Japan. Develop a clear trading strategy, including entry and exit points and risk management. Use the broker’s trading platform to execute your trades, either buying (going long) or selling (going short) based on your analysis. Continuously monitor the market for news and events that could impact the pair and be prepared to adjust your strategy accordingly. Remember to trade responsibly with funds you can afford to lose and implement sound risk management practices.

The trading hours for SGDJPY can be found here

Popular trading strategies for the SGDJPY currency pair include trend following, range trading, and fundamental analysis. Trend-following strategies involve identifying and trading in the direction of the prevailing trend, whether it’s bullish (SGD strengthening against JPY) or bearish (JPY strengthening against SGD). Range trading strategies focus on identifying key support and resistance levels and trading within that price range. Fundamental analysis looks at economic indicators, interest rate differentials, and geopolitical events to make informed trading decisions. Some traders also combine technical and fundamental analysis for a more comprehensive approach. It’s essential to choose a strategy that aligns with your risk tolerance and trading style and to practice disciplined risk management when trading the SGDJPY pair or any other forex instrument.

When trading the SGDJPY currency pair, consider several critical factors. First, monitor economic indicators and data releases from both Singapore and Japan, such as GDP growth, employment figures, and inflation rates. Pay attention to changes in interest rates and monetary policies set by the central banks of each country, as this can significantly influence the exchange rate. Additionally, stay informed about geopolitical events and developments in the Asia-Pacific region, as they can impact market sentiment. Finally, take into account global market trends and risk sentiment, as these factors can affect currency movements. Trading the SGDJPY pair requires a comprehensive understanding of these elements and disciplined risk management to make informed decisions.