BER Benchmark: SBI Remit JPY FX Rates & Margins
BER Benchmark monitors SBI Remit exchange rates across the JPY currency corridors tracked by BER. The current average margin versus the mid-market rate is 9.5%.
This average is based on the JPY 10,000 transfer rates currently monitored by BER across the available SBI Remit currency corridors.
SBI Remit - Lowest and Highest FX Margins
BER Benchmark ranks the SBI Remit currency corridors currently monitored for Japanese yen transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a JPY 10,000 transaction.
How BER validates SBI Remit's rates
BER requests each currency offered by SBI Remit's public exchange-rate selector and requires a positive current rate, a valid update time and consistent recent-history data.
The source currently returns an anomalous Brazilian-real response identical to its US-dollar response. BER excludes BRL and will fail the feed for review if that anomaly changes rather than silently guessing a correction.
SBI Remit exchange-rate questions
Can I use the displayed rate for money coming into Japan?
No. BER treats this source only as a Japanese-yen-funded outbound remittance rate.
Why is BRL not listed?
The public BRL response is currently indistinguishable from the USD response and fails BER's plausibility control, so it is excluded.
Is the exchange rate the total cost?
No. Include SBI Remit's applicable remittance fee and any delivery-chain deductions when comparing the recipient amount.
What is the
SBI Remit Send Money conversion rate for JPY to GBP?
The SBI Remit JPY to GBP exchange rate is 0.0045. This is -3% compared to the latest JPY-GBP mid-market rate 0.004639.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Japanese yen (JPY) to British pound (GBP) rates from different sources before making a conversion.
The above SBI Remit - Yen to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by SBI Remit and other foreign exchange providers against the latest JPY-GBP mid-rate and the possible savings of using various providers.