Japanese Yen to Indian Rupee - Calculate Compare Save
JPY to INR mid-rate = 0.6546
Right now the JPY/INR market mid-rate is 0.6546
and represents ideally how many Indian Rupee you can get for one Japanese Yen.
Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that you will not be able to
purchase the currency before departure and will need to buy it upon arrival. For more information and a full list of closed currencies
read our guide: What is a closed currency?
A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees -
Compare Travel Cards
You can calculate equivalent Japanese Yen to Indian Rupee currency amounts (at mid-rate) below.
Japanese Yen to Indian Rupee (JPY-INR) - 10 Year History
The below table shows the historic variation in the JPY/INR 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.
14 Oct 2018
21 Sep 2018
24 Apr 2018
21 Oct 2017
21 Oct 2016
22 Oct 2013
23 Oct 2008
The three things you need in order to get a good JPY to INR exchange rate
Know the latest JPY/INR 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/INR 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 INR.
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 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 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 INR, you should pay attention to both Japanese Yen and Indian Rupee news and forecasts.
Japanese Yen (JPY) - Market news and forecasts
The yen has fallen steadily against the US dollar since March. By October 1st, the day of this report, it had reached a ten-month low of ¥114, mainly as monetary policies in the US and Japan continue to diverge. The yen also fell to an eight-month low versus the trade deal-boosted Canadian dollar (¥89.17) but was largely unchanged in the March-September period against other major currencies.
With Japanese monetary policy remaining dull and extremely loose (Japan continues to pursue inflation via extremely low interest rates), the source of yen upside for the remainder of 2018 is likely to be restricted to possible event risk, which might come in the form of a no-deal Brexit, negative political developments in Italy or heightened trade tensions between the US and China.
In October, Japanese Prime Minister Shinzo Abe stands in an LDP leadership contest. Should Abe fail in his bid to secure a third term as leader (highly unlikely), the yen would gain on speculation of a change in economic policies.
In October, Citibank offered 6-12-month yen forecasts of ¥114 to the US dollar, unchanged on its rate at the time of writing, and ¥128 to the euro—¥131.3 as of writing.
Indian Rupee (INR) - Market news and forecasts
Like other emerging market currencies, the Indian rupee has been under significant pressure in 2018. It made an all-time low in mid-September of 72.9 to the dollar and fell to a three-year low versus the euro, which fetched 84.5 rupees. The rupee at least held the major 52 level versus the Australian dollar.
Major problems for the rupee in 2018 have been the high price of oil, which raises India’s import bill substantially; negativity on emerging markets, driven by the summer’s currency crises in Argentina and Turkey; and higher US interest rates, which drive capital away from high-rate-paying countries like India.
An analyst at ING said in September that he saw “no strong reasons why this trend [of rupee depreciation] should reverse soon.”
Although it is probable that interest rates will be raised further in India in the coming months as a means of limiting currency weakness, some analysts remain skeptical on how supportive these rate hikes will be given other factors.
Natixis, like ING, said in September that it was bearish on emerging market currencies, including the Indian rupee.
Why can't I just get the same JPY/INR market rate I see on Google or in the Media?
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.
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.
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