BestExchangeRates Japan Compare & Save on Foreign Exchange
How BestExchangeRates Saves You Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Japan and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track AUD rates - transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular JPY Exchange Rates
Follow exchange rates via your personal BER Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in Japan.
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Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Japanese yen market update
The Japanese yen (JPY) has gained strength following the Bank of Japan's recent decision to raise its key interest rate to a 17-year high, signaling a significant shift from the previously entrenched low borrowing costs. Market analysts had anticipated this move as the central bank adopted a more bullish outlook on inflation, fueling expectations for further rate hikes. This monetary policy shift has led the JPY/USD pair to reach 90-day highs near 0.006780, showing a notable 4.3% appreciation above its three-month average of 0.006503. The momentum in the yen is underpinned by its safe-haven status amid ongoing global economic uncertainty and changing trader sentiment.
In addition to the upward trend against the dollar, the yen has maintained stable performance against the Euro and the pound. The JPY/EUR pair hovers just above its three-month average at 0.006245, while the JPY/GBP is trading at 0.005242, a slight 1.0% increase over its average. FX analysts point out that the yen's recent strength is influenced by various factors including Japan's export competitiveness, ongoing geopolitical tensions, and the overall demand for safe-haven currencies in turbulent times. With the shifting landscape of global economic performance and increased focus on Japan’s monetary policy, the outlook for the yen will continue to evolve, hinging on investor sentiment and potential further actions from the Bank of Japan.
BestExchangeRates.com keeps you up-to-date on Japanese yen forecasts by collating the views of reliable FX forecasters and economists together with recent JPY price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
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OFX Review
OFX is a trusted international money transfer service, supporting transfers to over 170 countries in 50+ currencies. With no upfront fees, 24/7 access, and robust regulatory compliance, it offers a secure and convenient platform for global transactions.
