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JPY/BTC - Convert Compare Save

Japanese Yen to Bitcoin exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

JPY to BTC interbank exchange rate = 1.0E-6

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   
   

JPY and BTC in the Markets

When determining the best time to make a foreign exchange transaction, in this case the JPY vs BTC, you should pay attention to the recent market trends for both currencies.

 

Japanese Yen (JPY)

The yen was the star performer in the weeks leading up to this report (May-17), with appreciation driven by a flight to safety following a serious escalation in the US-China trade war. The benchmark yen rate, USD/JPY, was down in the mid-109s, having been as high as 112.4 in late April. Relatively speaking, against their April highs, other yen rates had fallen even more (NZD/JPY was down from 76 to 71.6).

In May, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

Read more in the article JPY Forecasts.

 

Bitcoin (BTC)

Sentiment towards cryptocurrencies has really picked up in 2019 and bitcoin is thriving. Rates just shy of $11,000 on June-22 (the day of this report) marked a spectacular recovery from rates closer to $3,000 earlier this year. Between mid-February and June-21, bitcoin gained value in 15 weeks from 18.

Cryptocurrency experts suggested in June that the imminent arrival of Facebook’s own coin, Libra, added legitimacy to the crypto space, thereby assisting widespread acceptance and adoption of cryptos as payment vehicles and boosting market sentiment.

Rather than disappear, as some prominent financial experts had predicted, Libra’s arrival confirmed that “[bitcoin] will remain an ever-important asset that hundreds of millions of people will hold,” one analyst said, before adding: “You can bet bitcoin is going to break 15k!”

Why can't I just get the JPY/BTC market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the JPY / BTC was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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

We help you Compare & Save Money on Exchange Rates.

 

View all JPY Exchange Rates