BER Benchmark: SMBC JPY FX Rates & Margins
BER Benchmark monitors SMBC exchange rates across the JPY currency corridors tracked by BER. The current average margin versus the mid-market rate is 3.8%.
This average is based on the JPY 10,000 transfer rates currently monitored by BER across the available SMBC currency corridors.
SMBC - Lowest and Highest FX Margins
BER Benchmark ranks the SMBC 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 reads SMBC's rates
When Japanese yen is exchanged into foreign currency, BER uses SMBC's published selling rate. When foreign currency is exchanged into yen, BER uses the buying rate.
SMBC publishes Thai baht per 100 units. BER divides that row by 100 before converting it into BER's standard foreign-currency-units-per-yen display.
SMBC exchange-rate questions
Does BER show both directions?
Yes, where SMBC publishes valid buying and selling prices for the currency.
Is the THB rate unusually large?
The source quotes 100 Thai baht. BER normalises it to one baht before displaying or comparing the rate.
Are these remittance rates?
No. The tracked source is explicitly SMBC's counter and telephone foreign-currency deposit rate table.
What is the
SMBC Send Money conversion rate for JPY to ZAR?
The SMBC JPY to ZAR exchange rate is 0.0921. This is -9.3% compared to the latest JPY-ZAR mid-market rate 0.1015.
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 South African rand (ZAR) rates from different sources before making a conversion.
The above SMBC - Yen to Rand comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by SMBC and other foreign exchange providers against the latest JPY-ZAR mid-rate and the possible savings of using various providers.