1. Exchange Rates
  2. Japanese yen (JPY)
  3. Indian rupee (INR)

Convert JPY to INR at Best Exchange Rates

1 Japanese yen equals
Indian rupee 1JPY=INR

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

  1. Know the latest JPY to INR market mid-rate shown above - this is your starting point!
  2. Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Japanese yen and Indian rupee currencies, if available.

1. Market JPY/INR mid-rate

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

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

Currency Converter JPY to INR

1 JPY equals
Get fee-free global money transfers with our partner OFX
When sending JPY to INR we recommend our global partner WorldRemitWorldRemit
1 Week JPY/INR Chart
JPY-INR 1 Week chart

Japanese yen to Indian rupee (JPY-INR) - 10 Year History

DateExchange RatePeriod
10 Jun 20180.61691 Week
18 May 20180.61361 Month
19 Dec 20170.56686 Months
17 Jun 20170.58141 Year
17 Jun 20160.64382 Years
18 Jun 20130.61525 Years
19 Jun 20080.398210 Years

The JPY/INR 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 / INR 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 JPY/INR 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.

JPY to INR 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 JPY to INR.

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

Compare Foreign Transfers

Sending JPY 100,000 to INR

OFX logo OFX
₹61,499 INR (1%)
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: ₹61,499 INR
Exchange Rate: 0.614988
(Inverse 1INR=JPY 1.6260)
Fees: JPY 0
Total Cost : 1% (from mid-rate: 0.6212)
This is the amount of money that could be received by your transfer at rate JPY/INR=0.614988 and inclusive of the fee of JPY 0.
Rate timestamp : 13:24 Local
ジャスコ JUSCO  logo ジャスコ JUSCO
₹58,485 INR (5.85%)
Price Details
Receive: ₹58,485 INR
Exchange Rate: 0.590761
(Inverse 1INR=JPY 1.6927)
Fees: JPY 1000 (1%)
Total Cost : 5.85% (from mid-rate: 0.6212)
Receive INR ₹3,014 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/INR=0.590761 and inclusive of the fee of JPY 1000 (1%).
Bank Rates - Average
₹58,108 INR (6.46%)
This is the average JPY to INR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: ₹58,108 INR
Exchange Rate: 0.581164
(Inverse 1INR=JPY 1.7207)
Fees: JPY 15
Total Cost : 6.46% (from mid-rate: 0.6212)
Receive INR ₹3,391 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/INR=0.581164 and inclusive of the fee of JPY 15.

Travel Money JPY to INR - 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.

Buy Travel Money from Travelex

Our other partners aren't publishing any live JPY/INR rates right now.

You can calculate with the latest JPY/INR market rate (Interbank mid-rate).

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 JPY/INR market rate I see on Google or in the Media?

When you look up the current Japanese yen to Indian rupee 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 INR 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 INR 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.

3. Currency News, Research and Forecasts for Japanese yen and Indian rupee

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 JPY vs INR, you should pay attention to both Japanese yen and Indian rupee news and forecasts.

Japanese yen (JPY) - Market news and forecasts

A loss in April of nearly 3 percent relative to the dollar marked the yen’s worst monthly performance since November 2016. But even with that said, approaching the end of May, the yen was the best performing G10 currency of the year. USD/JPY traded in the mid-109s and EUR/JPY in the mid-127s.

Factors affecting the yen’s value in May included political instability in Europe (supportive of the yen), the recoupling of the dollar with US interest rate expectations (negative for the yen versus the dollar), and the announcement by Washington that it would be scrutinizing automobile imports, which is to say the return of global trade tensions (supportive of the yen).

The medium-term outlook for the yen is good, says Citibank, based on the potential in Japan for normalization of monetary policy. Citibank is forecasting a USD/JPY rate of 105 within 6-12 months.

Indian rupee (INR) - Market news and forecasts

Against the dollar, the rupee remains weak by recent standards: it fell to an eighteen-month low in May and at the time of this report had recovered only 2.5 percent; although, on June 1st it did have one of its best days in recent years after data showed India’s economy growing faster than any other in the world. The rupee is also weak compared with other major currencies like the yen, euro and Chinese yuan.

According to one analyst, without higher Indian interest rates, the rupee will weaken again.

The RBI has not raised rates since 2011 but to do so would be to follow in the footsteps of its peers. Four emerging market central banks raised rates in May in order to counter higher US interest rates and the stronger dollar, which are equally bothersome to India.

Further to inflation, which is already above target, among factors to be considered by the RBI ahead of any hike are the recent escalation in global trade tensions, the high price of oil (India’s largest import) and a troubled banking sector.

Come July, seasonal factors will support the rupee. The April-June period each year is usually a time when the rupee loses value due to India’s heightened gold demand heading into the Hindu festival of Akshaya Tritiya.

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