Japanese Yen to Chinese Yuan (JPY-CNY) - 10 Year History
The below table shows the historic variation in the JPY/CNY exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
12 Aug 2018
20 Jul 2018
20 Feb 2018
19 Aug 2017
19 Aug 2016
20 Aug 2013
21 Aug 2008
The three things you need in order to get a good JPY to CNY exchange rate
Know the latest JPY/CNY market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Transaction Costs - Margins and Fees for JPY/CNY Transfers and Currency 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.
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 JPY to CNY.
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.
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.
Currency News, Research and Forecasts for Japanese Yen and Chinese Yuan
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 JPY vs CNY, you should pay attention to both Japanese Yen and Chinese Yuan news and forecasts.
Japanese Yen (JPY) - Market news and forecasts
Approaching the middle of August, the yen is the best performing currency of the year. Although it holds only a modest 1.7 percent gain over the US dollar (110.81) year-to-date, it's up handsomely elsewhere. Versus the Australian dollar (80.92), euro (126.43) and pound (141.60), the yen has gained an average of 8 percent.
The yen has been widely sought by investors in recent months due to its safe haven status. Investors have become more risk averse following chaos in emerging markets, led by Turkey and Argentina, and Washington’s massive tariffs on imported goods, which threaten global trade. The yen has also benefitted from speculation that the Bank of Japan will soon make changes to its ultra-loose monetary policy. Although low by international standards, yields on Japanese government bonds have risen to long-term highs and are now double 2017 averages.
In August, SEB was forecasting end-of-September rates of: EUR/JPY, 122; USD/JPY, 111; AUD/JPY, 82.
Chinese Yuan (CNY) - Market news and forecasts
Trade developments have dominated yuan news flow in recent months. The yuan weakened to a 15-month low against the dollar in early August, at 6.89. The yuan heavily underperformed Asian currencies in the months leading up to this report but had recovered slightly by August 10th to levels around 6.845.
Washington has announced this year that it will impose tariffs on nearly $250 billion worth of Chinese goods and China has insisted it will defend its interests with tariffs of its own and other measures. The yuan has weakened, said one analyst, due to concerns about a steeper economic slowdown in China which might result from a trade war.
In July, Citibank predicted an average USD/CNY rate of 6.6 for the second half of the year. The median estimate of forecasters polled in a recent Bloomberg survey had USD/CNY at 6.775 in three months’ time (by mid-November).
Why can't I just get the same JPY/CNY market rate I see on Google or in the Media?
The JPY/CNY 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 JPY / CNY was traded (bought or sold) in the international markets.
When you look up the current Japanese Yen to Chinese Yuan 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.
Getting a great JPY to CNY 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 JPY to CNY currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific Japanese Yen cross rates and reviews of leading foreign exchange providers versus the Banks.
Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to
provide you with information about currency exchange products & services from multiple financial institutions.
We will try to show you a
range of products & services in response to your request for information. The search results do not include all providers and may
not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to
you about a particular product.
If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates.
Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website.
Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own
and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.
Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.
You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.
For more details or request distribution rights please contacxt us here.