Japan - Japanese Yen - Currency Guide

This is a currency guide to Japan, the Japanese Yen currency plus sending (JPY) transfers and travel tips for Japan.

 
 
CountryJapan
FlagJapan
Country CodeJP
Domestic Currency Japanese Yen
Currency Symbol¥
Currency CodeJPY
Exchange RateUSD/JPY = 108.96
Telephone Prefix+81

Quick Conversions from US Dollar to Japanese Yen

USD

JPY

U$ 1
¥ 108.96
U$ 5
¥ 544.80
U$ 10
¥ 1,090
U$ 20
¥ 2,179
U$ 50
¥ 5,448
U$ 100
¥ 10,896
U$ 250
¥ 27,240
U$ 500
¥ 54,480
U$ 1,000
¥ 108,960
U$ 2,000
¥ 217,920
U$ 5,000
¥ 544,800
U$ 10,000
¥ 1,089,600
U$ 50,000
¥ 5,448,000
U$ 100,000
¥ 10,896,000
More amounts

USD

JPY

U$ 0.0092
¥ 1
U$ 0.0459
¥ 5
U$ 0.0918
¥ 10
U$ 0.1835
¥ 20
U$ 0.4589
¥ 50
U$ 0.9177
¥ 100
U$ 2.2943
¥ 250
U$ 4.5885
¥ 500
U$ 9.1770
¥ 1,000
U$ 18.35
¥ 2,000
U$ 45.89
¥ 5,000
U$ 91.77
¥ 10,000
U$ 458.85
¥ 50,000
U$ 917.70
¥ 100,000
More amounts

To calculate specific USD/JPY amounts use our Convert USD to JPY quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to JPY Rate Guide.

Japan Currency Info

According to the Bank for International Settlements, in 2016, trading in the Japanese yen (ISO: JPY) contributed to 22% of total foreign exchange market turnover, making the yen the world’s third most traded currency.

Like government bonds and gold, the Japanese yen is considered a safe haven asset – it is the premier safe haven of the currency world. This means that the yen is likely to increase in value against other currencies during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.

Since 1995, against the US dollar, the yen’s lowest valuation came in August 1998 when USD/JPY reached 147.67 (¥100 cost a little less than $0.68). Its post-1995 high came in October 2011 when USD/JPY traded at just 75.56 (¥100 cost $1.32).

The Japanese yen is a crucial part of the ‘carry trade’ – a popular strategy among foreign exchange traders in which they borrow in a currency with a low interest rate and use those funds to invest in currencies paying a higher rate. In recent decades, the most popular way to fund the carry trade has been to borrow (sell) yen due to Japan’s consistently low interest rates (since 1996 Japanese rates have averaged less than 0.5%).


Frequently Asked Questions


What currency should I use in Japan?

The domestic currency in Japan is the Japanese Yen.

What is the Japanese Yen currency code and symbol?

The three letter currency code for the Japanese Yen is JPY — symbol is ¥.

How much is U$100 US Dollars in Japanese Yen?

U$ 100 converts to ¥ 10,896

Which countries use the Japanese Yen?

It is the domestic currency in Japan.

Is the Japanese Yen a closed currency?

No, the Japanese Yen is freely available and convertible. See guide: What is a closed currency?


Japanese Yen (JPY) in the markets

NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.

Earlier in the year the threat of proxy war between the US and Iran in Ira helped bring on gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.

Last year, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

For more details read the full article Japanese Yen Forecasts.

The interactive chart below shows the USD to JPY exchange rate and trend for the previous 3 months:

ALERT:4-DAY1.8% 🔔|
USD/JPY at 109.04 was trading near AVG:108.92 with LO:102.28 and HI:112.07 (90 days). ALERT: USD/JPY is UP 1.8% this 4-DAY period.
06-APR 9PM-NY 07-APR 2AM-LON 9AM-HK 11AM-SYD
Booking.com

Travel, Currency and Money saving tips for Japan

Though very expensive, Japan is one of the most amazing, beautiful, and friendly countries in the world. Japan is a high-tech world mixed with the politeness and respect of their past. It has all the benefits of a high tech country mixed with a lovely sense of the old. Japan has fantastic food, beautiful temples and shrines, zen gardens, national parks, and a culture with a long and rich history. It’s a wonderful place and, while it may be an expensive country to visit.

Most people can speak English and are willing to do so. Accommodation can be expensive, especially in Tokyo, but with a little looking around on the internet you can find some amazing deals. Food options cater to all, you can both go expensive or cheap, and neither is hard to find.

The easiest way to travel in Japan is by train, bullet trains can be expensive but are astoundingly fast and comfortable. Most of the city metro tickets cost 125-250 JPY for a single journey. In most major cities, you can buy a day pass, which gives you unlimited travel for 24 hours for around 1,000 JPY on select trains. Inter-city bus tickets cost around 2,500 JPY. For budget travelers the bus is an option, they are far cheaper but can take up to five times the amount of time to get to your destination.

Most temples and museums are free to enter, although some popular attractions cost around 1,250 JPY. The temples in Kyoto can cost up to 620 JPY. Many of the city’s parks are free, so take advantage when you can and spend the day there. The same for Tokyo, don't be afraid to get a decent map and wander around.

 

Travel money for Japan

Save money and time by Ordering your Japanese Yen online from Travelex, you get better rates and can pick up the JPY cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Japanese Yen otherwise you may get much worst exchange rates.

 
Travel Money Provider Amount JPY(¥) Exchange RateFee USDDeal Links
Travelex Online US logo
¥97,072
10.95%
Best Overall
97.07230^
U.S. Bank Foreign Currency
U.S. Bank logo
¥94,160
13.62%
¥2,912 less
94.160
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
¥93,219
14.48%
¥3,853 less
94.16U$10
Wells Fargo Bank logo
¥92,277
15.35%
¥4,795 less
94.16U$20
 
Travelex Online US logo
Travelex Online US: Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:97.0723 (10.95% from mid-rate)
To Amount (JPY) ¥97,072
Total Cost:10.95%
Time:
Rate Fetched: Mon Apr 06 2020 18:00:06 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:0
Exchange Rate:94.16 (13.62% from mid-rate)
To Amount (JPY) ¥94,160
Total Cost:13.62%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:95.38 (12.5% from mid-rate)
To Amount (JPY) ¥93,219
Total Cost:14.48%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:94.16 (13.62% from mid-rate)
To Amount (JPY) ¥92,277
Total Cost:15.35%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 04/06/2020 - View latest rates

Japan Trip Checklist    

 
  1. Compare JPY travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Japan
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Japan

When searching around for information on how to get a good exchange rate when sending money to Japan you need to start with finding out the latest Japanese Yen foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Japan

When sending money to Japan it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Japanese Yen amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted JPY amount will be transfered to the recipient account you specify in Japan.

Use our Send to Japanese Yen calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Japanese Yen deposited into the recipient bank account and less margins and fees kept by the banks!

  

USD to JPY International Money Transfers

  

Foreign Transfer Provider Receive JPY(¥) Exchange RateFee USDDeal Links
OFX logo
¥1,070,900
1.77%
Best Overall
107.090^
XE logo
¥1,076,500
1.25%
¥5,600 more
107.650
Wells Fargo Bank logo
¥1,047,611
3.9%
¥23,289 less
104.9518
HSBC logo
¥1,046,827
3.97%
¥24,073 less
104.84U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
¥1,040,439
4.56%
¥30,461 less
104.6515
Bank of America International Money Transfers
Bank of America logo
¥1,033,659
5.18%
¥37,241 less
104.41U$100
U.S. Bank International Money Transfers
U.S. Bank logo
¥1,033,659
5.18%
¥37,241 less
104.41U$100
 
OFX logo
OFX: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:107.09 (1.77% from mid-rate)
To Amount (JPY) ¥1,070,900
Total Cost:1.77%
Time:
Rate Fetched: Mon Apr 06 2020 18:02:50 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:
Exchange Rate:107.65 (1.25% from mid-rate)
To Amount (JPY) ¥1,076,500
Total Cost:1.25%
Difference:
¥5,600 JPY more than using OFX
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:18
Exchange Rate:104.95 (3.73% from mid-rate)
To Amount (JPY) ¥1,047,611
Total Cost:3.9%
Difference:
¥23,289 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:104.84 (3.83% from mid-rate)
To Amount (JPY) ¥1,046,827
Total Cost:3.97%
Difference:
¥24,073 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:15
Exchange Rate:104.2 (4.42% from mid-rate)
To Amount (JPY) ¥1,040,439
Total Cost:4.56%
Difference:
¥30,461 JPY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:104.41 (4.22% from mid-rate)
To Amount (JPY) ¥1,033,659
Total Cost:5.18%
Difference:
¥37,241 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:104.41 (4.22% from mid-rate)
To Amount (JPY) ¥1,033,659
Total Cost:5.18%
Difference:
¥37,241 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 04/06/2020 - View latest rates

Japanese Yen to US Dollar - Historical Rates

PeriodJPY/USDDate
1 Day0.00925330 Mar 2020
7 Day0.00899924 Mar 2020
30 Day0.00930801 Mar 2020
3 Month0.00919701 Jan 2020
1 Year0.00897301 Apr 2019
5 Year0.00834902 Apr 2015
10 Year0.010703 Apr 2010

Japanese Yen to Euro - Historical Rates

PeriodJPY/EURDate
1 Day0.00839030 Mar 2020
7 Day0.00833424 Mar 2020
30 Day0.00842301 Mar 2020
3 Month0.00819801 Jan 2020
1 Year0.00800801 Apr 2019
5 Year0.00767602 Apr 2015
10 Year0.00788003 Apr 2010

Japanese Yen to Pound Sterling - 10 Year History

PeriodJPY/GBPDate
1 Day0.00748030 Mar 2020
7 Day0.00763324 Mar 2020
30 Day0.00728301 Mar 2020
3 Month0.00694001 Jan 2020
1 Year0.00686601 Apr 2019
5 Year0.00562902 Apr 2015
10 Year0.00698603 Apr 2010

Japanese Yen to Australian Dollar - Historical Rates

PeriodJPY/AUDDate
1 Day0.015030 Mar 2020
7 Day0.015124 Mar 2020
30 Day0.014401 Mar 2020
3 Month0.013101 Jan 2020
1 Year0.012601 Apr 2019
5 Year0.011002 Apr 2015
10 Year0.011603 Apr 2010

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