When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.
| Foreign Transfer Providers Ratings & Reviews | Receive JPY(¥) | Exchange Rate | Fee HKD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
 Great rates and platform for personal, business and online sellers. Get local currency accounts in GBP, EUR, CAD, USD, AUD, NZD, JPY and CNY. More▾ | 702,500 JPY | 14.05 | 0 | 0.43% | Bank Transfers - Online & Phone | 1-2 days | |
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 690,000 JPY | 13.8 | 0 for BER users (normally $60) | 2.2% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate    Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 675,526 JPY | 13.52 | 55 | 4.26% | Online, Branch, Bank Transfers | 2-3 days |
This is the current HKD-JPY mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market HKD-JPY exchange rate.
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 must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the HKD vs JPY, you should pay attention to both Hong Kong Dollar and Japanese Yen news and forecasts.
27-January-19: 2018 was a reasonable year for the Hong Kong dollar. Against a basket of major currencies, HKD appreciated by 4 percent, which was much better than a near-10 percent loss in 2017. It was, though, something of a stuttering end to 2018 and HKD has had mixed fortunes in early 2019.
As is well known, HKD follows, to a large extent, developments in US monetary policy. In December, after lifting US interest rates, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for HKD pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.
“A slowdown in the US economy is likely to weigh on USD [and therefore HKD] in the second half of this year,” a CIBC researcher said in January.
Of the same opinion was an expert at ING, who argued that USD, and therefore HKD, would soon “embark on a gradual long-term bearish trend.”
2-February-2019: The yen was the best performing major currency of 2018.
In early 2019, amid a “flash crash” USD/JPY briefly struck a 9-month low (yen high) of 104.65, EUR/JPY reached 118.82 and AUD/JPY touched a 10-year low of 70.58. These values greatly flattered the yen and rebounds followed quickly. By early February, the yen was, on balance, back where it had ended 2018. USD/JPY, EUR/JPY and AUD/JPY stood at 109.52, 125.58 and 77.25 respectively.
Analysts appeared to agree in January that the yen would strengthen throughout 2019 and beyond.
Experts at giant European banks Deutsche Bank and Credit Agricole forecast USD/JPY at 100 at the end of this year, indicating a potential 10 percent increase in the yen’s buying power relative to the greenback.
100 yen to the US dollar was “very attainable,” Russell Investments said, “if there’s a severe slowdown in the US economy.”
