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  1. Exchange Rates
  2. Euro (EUR)
  3. Japanese yen (JPY)

Convert EUR to JPY at Best Exchange Rates

1 Euro equals
Japanese yen 1EUR=JPY

There are three simple steps you need to take in order to get a good EUR-JPY exchange rate:

  1. Know the latest EUR to JPY market mid-rate - this is your starting point!
  2. Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Euro and Japanese yen currencies, if available.

1. Market EUR/JPY mid-rate

Right now the EUR/JPY market rate is and represents how many Japanese yen you can get for one Euro.

Calculate equivalent currency amounts with this EUR to JPY currency converter then select the transaction type to compare the best exchange rates available.


Currency Converter EUR to JPY

¥
1 EUR equals
JPY 1EUR=JPY

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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EUR-JPY 3 Month chart
EUR-JPY 3 Month chart

Euro to Japanese yen (EUR-JPY) - 10 Year History

DateExchange RatePeriodChange
22 May 2018130.7195Latest
15 May 2018130.37551 Week+0.26%
22 Apr 2018132.41541 Month-1.28%
23 Nov 2017131.85316 Months-0.86%
22 May 2017124.63511 Year+4.88%
22 May 2016123.62302 Years+5.74%
23 May 2013131.79845 Years-0.82%
24 May 2008164.110610 Years-20.35%

The EUR/JPY mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the EUR / JPY was traded (bought or sold) in the international markets.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for EUR/JPY Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

EUR to JPY Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from EUR to JPY.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending EUR 5,000 to JPY

OFX logo OFX
1EUR=129.06JPY
¥645,300 JPY (1.14%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: ¥645,300 JPY
Exchange Rate: 129.06
Fees: EUR 0
Total Cost : 1.14% (from mid-rate: 130.5532)
This is the amount of money that could be received by your transfer at rate EUR/JPY=129.06 and inclusive of the fee of EUR 0.
Rate timestamp : Tue May 22 2018 23:15:57 GMT+0000 (UTC)
Bank Rates - Average
1EUR=124.41JPY
¥620,557 JPY (4.93%)
This is the average EUR to JPY International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: ¥620,557 JPY
Exchange Rate: 124.41
Fees: EUR 12
Total Cost : 4.93% (from mid-rate: 130.5532)
Receive JPY ¥24,743 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate EUR/JPY=124.41 and inclusive of the fee of EUR 12.

Travel Money EUR to JPY - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying JPY Cash with EUR 2,000

Bank Rates - Average
1EUR=118.78JPY
¥235,184 JPY (9.93%)
This is the average EUR to JPY Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: ¥235,184 JPY
Exchange Rate: 118.78
Fees: EUR 20 (1%)
Total Cost : 9.93% (from mid-rate: 130.5532)
Amount of money that could be received by your currency exchange at rate EUR/JPY=118.78 and inclusive of the fee of EUR 20 (1%).

Getting a good market rate is mainly about timing however 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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same EUR/JPY market rate I see on Google or in the Media?

When you look up the current Euro to Japanese yen exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

EUR to JPY mid-rate on google

EUR to JPY mid-rate on google search

Getting a great EUR to JPY mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our EUR to JPY currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for Euro and Japanese yen

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the EUR vs JPY, you should pay attention to both Euro and Japanese yen news and forecasts.

Euro (EUR) - Market news and forecasts

Against the US dollar, after reaching a three-year high of 1.256 in mid-February, the euro fell back into the mid-1.18s by mid-May. The euro lost value against the greenback due to the latter currency’s recoupling with interest rate expectations. Higher US yields had pushed the dollar higher across the board.

Against sterling, the euro is little changed since September of last year (it’s marginally lower). EUR/GBP continues to trade above and below 0.88.

Anticipating an end-of-year reduction in the level of ECB quantitative easing, Stephen Gallo of BMO Capital has predicted a summer rally in the euro – a rally that will eventually drive EUR/USD to 1.30 in the first half of 2019.

Danske Bank are predicting euro weakness against the British pound in the near-term, with a mid-August forecast of 0.865.

Japanese yen (JPY) - Market news and forecasts

By late March 2018, the yen had strengthened to a sixteen-month high against the dollar of 104.21, making it the best performing major currency of the year to that point; however, by late-April, renewed dollar optimism had driven USD/JPY back into the 109s, close to its average over the past six months.

In the weeks leading up to this report, the yen had also weakened against seven of the other nine G10 currencies.

It appears that central bank divergence is back as the principal driver of USD/JPY. Recent events have cemented expectations for four further US rate hikes this year, but the Bank of Japan, by contrast, continues to uphold easy monetary policy and maintain negative interest rates.

Despite interest rate differentials working against it, in a report on April 23rd, Citibank said of the yen that it remains “fundamentally undervalued,” and it predicted USD/JPY falling to 103 within the next 6-12 months.