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Japanese Yen to Malaysian Ringgit - Calculate Compare Save

JPY to MYR mid-rate = 0.036983

Right now the JPY/MYR market mid-rate is 0.036983 and represents ideally how many Malaysian Ringgit you can get for one Japanese Yen.

You can calculate equivalent Japanese Yen to Malaysian Ringgit currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for JPY to MYR transfers or buying MYR travel money.


Currency Converter JPY to MYR


1 Japanese Yen equals
0.036983 Malaysian Ringgit
1MYR= 27.0397 JPY

Compare how much you can save on exchange rates for:

Foreign Transfers   

When sending JPY to MYR we recommend: WorldRemit WorldRemit

3 Month JPY/MYR Chart
JPY-MYR 3 Month chart

Japanese Yen

Malaysian Ringgit

1 JPY 0.0370 MYR
5 JPY 0.1849 MYR
10 JPY 0.3698 MYR
20 JPY 0.7397 MYR
50 JPY 1.8492 MYR
100 JPY 3.6983 MYR
250 JPY 9.2458 MYR
500 JPY 18.49 MYR
1,000 JPY 36.98 MYR
2,000 JPY 73.97 MYR
5,000 JPY 184.92 MYR
10,000 JPY 369.83 MYR
50,000 JPY 1,849.15 MYR

Japanese Yen

Malaysian Ringgit

27.04 JPY 1 MYR
135.20 JPY 5 MYR
270.40 JPY 10 MYR
540.79 JPY 20 MYR
1,351.99 JPY 50 MYR
2,703.97 JPY 100 MYR
6,759.93 JPY 250 MYR
13,519.85 JPY 500 MYR
27,039.70 JPY 1,000 MYR
54,079.40 JPY 2,000 MYR
135,198.50 JPY 5,000 MYR
270,397.00 JPY 10,000 MYR
1,351,985.00 JPY 50,000 MYR

MYR Country Guides

Japanese Yen to Malaysian Ringgit (JPY-MYR) - 10 Year History

The below table shows the historic variation in the JPY/MYR 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.

DateExchange RatePeriod
14 Oct 20180.03701 Week
21 Sep 20180.03671 Month
24 Apr 20180.03596 Months
21 Oct 20170.03721 Year
21 Oct 20160.04032 Years
22 Oct 20130.03235 Years
23 Oct 20080.036810 Years

The three things you need in order to get a good JPY to MYR exchange rate

  1. Know the latest JPY/MYR 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.
  2. Compare your Bank's transaction costs to several 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 Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Transaction Costs - Margins and Fees for JPY/MYR 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 MYR.

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

Compare Foreign Transfers

Sending JPY 100,000 to MYR

ProviderRatingFeesExchange Rate*Cost%
OFX logo OFX
¥00.036473RM3647.30 MYR1%
ジャスコ JUSCO  logo ジャスコ JUSCO
¥10000.035036RM3468.56 MYR5.85%
Average Bank Rate
Citibank logo  HSBC logo  ジャスコ JUSCO  logo 
¥150.034297RM3416.15 MYR7.27%
¥1500.034084RM3403.29 MYR7.62%
Citibank logo Citibank
¥120.03377RM3376.59 MYR8.35%
OFX logo OFX
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: RM3647.30 MYR
Exchange Rate: 0.036473
(Inverse 1MYR=JPY 27.4175)
Fees: ¥0
Total Cost : 1% (from mid-rate: 0.036841)
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.036473 and inclusive of the fee of ¥0.
Rate timestamp : 1:28 Local
ジャスコ JUSCO  logo ジャスコ JUSCO

Price Details
Receive: RM3468.56 MYR
Exchange Rate: 0.035036
(Inverse 1MYR=JPY 28.5421)
Fees: ¥1000
Total Cost : 5.85% (from mid-rate: 0.036841)
RM179 MYR less than using OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.035036 and inclusive of the fee of ¥1000.
Average Bank Rate
Citibank logo  HSBC logo  ジャスコ JUSCO  logo 
This is the average JPY to MYR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: RM3416.15 MYR
Exchange Rate: 0.034467
(Inverse 1MYR=JPY 29.0133)
Fees: ¥15
Total Cost : 7.27% (from mid-rate: 0.036841)
RM231 MYR less than using OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.034297 and inclusive of the fee of ¥15.
Rate available to HSBC Online Banking customers only.

Price Details
Receive: RM3403.29 MYR
Exchange Rate: 0.034084
(Inverse 1MYR=JPY 29.3393)
Fees: ¥150
Total Cost : 7.62% (from mid-rate: 0.036841)
RM244 MYR less than using OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.034084 and inclusive of the fee of ¥150.
Citibank logo Citibank
Rate available to Citibank customers via online banking.
Price Details
Receive: RM3376.59 MYR
Exchange Rate: 0.033770
(Inverse 1MYR=JPY 29.6121)
Fees: ¥12
Total Cost : 8.35% (from mid-rate: 0.036841)
RM271 MYR less than using OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.03377 and inclusive of the fee of ¥12.

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.

Currency News, Research and Forecasts for Japanese Yen and Malaysian Ringgit

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 MYR, you should pay attention to both Japanese Yen and Malaysian Ringgit 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.

Malaysian Ringgit (MYR) - Market news and forecasts

The ringgit lost more than 5 percent of its value against the dollar between April and August 10th – the date of this report. At a rate of 4.083 per dollar, the ringgit appeared undervalued, with several analysts suggesting a push back towards 3.8-3.9, however this would take time.

Weakness in the ringgit was partly a contagion effect derived from chaos in other emerging market currencies, specifically the Turkish lira and Argentine peso, but also the effect of May’s shock election result which saw the incumbent Barisan Nasional coalition lose power in Malaysia for the first time in sixty years. A massive amount of US protectionism in 2018 has also played a part due to negative ramifications for global trade.

Deutsche Bank said in August that the ringgit was the most attractive investment proposition among all 22 emerging market currencies that it assessed.

Why can't I just get the same JPY/MYR market rate I see on Google or in the Media?

The JPY/MYR 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 / MYR was traded (bought or sold) in the international markets.

When you look up the current Japanese Yen to Malaysian Ringgit 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 MYR 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 MYR 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.