1. Exchange Rates
  2. Malaysian ringgit (MYR)
  3. Japanese yen (JPY)

Convert MYR to JPY at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible MYR to JPY rate, these are :

  1. The MYR/JPY foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Malaysian ringgit equals
Japanese yen 1=

Right now the MYR/JPY market rate is and represents how many Japanese yen you can get for one Malaysian ringgit. You can calculate with the current mid-rate using our MYR to JPY calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same MYR/JPY market rate I see on Google or in the Media?

When you look up the current Malaysian ringgit to Japanese yen exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great MYR to JPY mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below MYR to JPY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Malaysian ringgit cross rates and reviews of leading foreign exchange providers versus the Banks.

MYR to JPY mid-rate calculator

1 MYR equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading MYR/JPY Chart

Malaysian ringgit - market update

The Malaysian ringgit ended 2017 with a bang. The final session of the year saw the ringgit rally to a fifteen-month high of US$ 0.2473 (USD/MYR 4.044) and also record its ninth consecutive weekly gain. The ringgit also overtook the Thai baht to become the second-best performing Asian currency of the year. The ringgit gained 10.9% against the dollar in 2017, falling short only against the South Korean won, which gained 13.2%.

The ringgit benefitted in the latter part of the year from bets that the Malaysian central bank would soon raise interest rates and from an impressive year-end rally in commodities prices, especially oil, which ended 2017 breaching $60 per barrel for the first time since mid-2015.

The ringgit’s trajectory in 2017 will have been a welcome change for Malaysians (barring exporters), who had to watch the currency’s value tumble to a nineteen-year low in 2016.

Japanese yen - market update

The Japanese yen spent eleven of 2017’s twelve months trading up and down between 108 and 115 per US dollar. Volatility in USD/JPY was low relative to recent years and yen traders will be hoping for more activity and a sustained trend in 2018.

In 2018, a break above 115 is more likely than one below 108, according to UBS. The Swiss bank believes that October’s re-election of Shinzo Abe as Japanese Prime Minister makes it probable that the Bank of Japan maintains loose monetary policy in the coming year. Coupled with a Federal Reserve that is expected to hike US interest rates twice in 2018, and you’re left with only one possible conclusion, says UBS: a higher USD/JPY rate.

In late December ’17, the yen fell to a twenty-six-month low against the euro (a EUR/JPY high). EUR/JPY came within a whisker of 135.

Like the Federal Reserve, the European Central Bank is expected to tighten monetary conditions in 2018 (via a tapering of its bond-buying program) and this makes it likely that the yen continues to lose value against the euro.

One obvious caveat to yen weakness is North Korea. Due to the yen's status as a safe haven, weakness in the currency will be limited by any serious escalation in US-North Korea tensions.

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