1. Exchange Rates
  2. United States dollar (USD)
  3. Japanese yen (JPY)

Convert USD 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 USD to JPY rate, these are :

  1. The USD/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 United States dollar equals
Japanese yen 1=


Right now the USD/JPY market rate is and represents how many Japanese yen you can get for one United States dollar. You can calculate with the current mid-rate using our USD 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 USD/JPY market rate I see on Google or in the Media?

When you look up the current United States dollar 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.

USD to JPY mid-rate on google

USD to JPY mid-rate on google search

Getting a great USD 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 USD to JPY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific United States dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

USD to JPY mid-rate calculator

$
¥
1 USD equals
JPY 1USD=JPY

Loading USD/JPY Chart

United States dollar - Recent Performance

The US dollar has stabilized since September having tumbled in the first eight months of the year. Within the September-December period, EUR/USD, for example, pulled back from levels above 1.20 to the mid-1.17s and USD/CAD climbed into the mid-1.28s, from the mid-1.20s. Against the Japanese yen, the dollar traded in the first week of December above 113, having been below 108 in September.

A better-than-expected US payrolls number in December affirmed investor expectations for future US interest rate hikes in December 2017 and March of 2018.

Interest rates are the principal driver of foreign exchange rates but the dollar has also been supported in recent months by Donald Trump’s planned tax cuts, which are expected to boost the US economy.

In a note to clients in December, Dutch bank ING predicted that the dollar would weaken throughout 2018. The bank forecast EUR/USD at 1.30 before 2018 was done, representing a 9.5% depreciation in the dollar's value from December 2017 rates.

Japanese yen - Recent Performance

In the fourth week of October, one dollar was buying 114 yen. USD/JPY had risen to a 3-month high (yen low) and towards the top of its recent range following Shinzo Abe’s re-election as Japanese Prime Minister. Under “Abenomics,” the Bank of Japan will likely continue with negative interest rates and massive amounts of quantitative easing. For much of the February-October period, USD/JPY traded in a large sideways channel spanning 108 and 114.5-115.

Following Abe’s election victory, EUR/JPY rose above 134 and was within striking distance of September’s high of 134.4 – a breach of which would take the yen to its weakest level against the euro in nearly two years. SGD/JPY also rose to an eighteen-month high of 83.7.

In the six weeks prior to this report, the yen had been the weakest of all G10 currencies, having lost 6% of its value since trading at 107.3 per USD on September 8th. Further to Abe’s re-election, a general reduction in risk aversion had weighed on the currency.

In September, analysts at Citi Bank, ANZ and Societe Generale predicted that the yen would weaken in the fourth quarter. The banks said that Donald Trump’s proposed tax cuts would reignite the US reflation narrative and encourage carry trades generally, which involve borrowing yen at low interest rates and exchanging them for higher-yielding currencies or assets. The banks declined from giving precise yen targets.

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