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    CAD to JPY Exchange Rates

    Compare & Save on Canadian dollar to Japanese yen exchange rates. Latest CAD to yen trends and forecasts.

    CAD to JPY flags

    CAD to JPY - Compare & Save

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

    The below table makes it easy to calculate and compare the Total Cost you are being charged on CAD to yen currency rates and the possible savings of using a different provider.

     

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    ProviderAmountsRateTotal Cost
       
       
       
       
       

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    CAD/JPY Market Data

    Canadian dollar to Japanese yen FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.

     
    1 CAD =
    97.79We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    CAD to JPY at 97.78 is 2.6% below its 90-day average 100.4 with range 95.36-108.7.
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    Sell CAD   →   Buy JPY
    Track Rate
    14-DAYHIGH
     

    In 2022 the Bank of Japan resisted the global wave of monetary tightening keeping interest rates unchanged.

    The yen, as a result, lost considerable ground against the U.S. Dollar. For reference, in January USD/JPY was around 115 and in October was trading around 150 — a 32-year LOW for the yen.

    However, in December the USD/JPY rate has dropped back to the 130s due more to USD weakness than any yen strength.

    JPY Forecasts


    Since the start of the Russia/Ukrainian war the risk on-off markets had been pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar.

    However from mid-September the loonie has weakened down from this range to around 0.73 relative to the greenback.

    CAD Forecasts

    DateCAD/JPYChangePeriod
    17 Jan 2023
    95.80
    2% 2 Week
    02 Nov 2022
    107.83
    9.4% 3 Month
    31 Jan 2022
    90.52
    8% 1 Year
    01 Feb 2018
    89.24
    9.5% 5 Year
    02 Feb 2013
    92.71
    5.4% 10 Year
    05 Feb 2003
    78.86
    23.9% 20 Year
    CAD/JPY historic rates & change to 31-Jan-2023
       
    CAD to JPY flags

    How to get a good CAD to JPY exchange rate

    There are several ways to save on exchange rates when converting Canadian dollar to Japanese yen:

    1. Shop around for the best CAD/JPY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.

    2. Timing is important: Keep an eye on the CAD/JPY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.

    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.

    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and JPY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.

    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Japanese yen with Canadian dollar, then it's better for the CAD/JPY exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the Canadian dollar rise against the Japanese yen?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/JPY to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

     
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    Manage My Rates

     

    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Japan.


     

    Canadian dollar & Japanese yen - Country Guides

    JapanJapan (JPY)CanadaCanada (CAD)
     

    How is the cost of living in Japan?

    The cost of living in Japan can vary depending on location, lifestyle, and individual needs. However, generally speaking, Japan is known to be one of the more expensive countries in the world, especially in terms of accommodation and transportation.

    Accommodation costs, particularly in the big cities such as Tokyo and Osaka, can be quite high. Rent for apartments can be very expensive, and purchasing a home can be out of reach for many.

    Read more at our Japan (JPY) country guide