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.
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 MYR exchange rate
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.
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/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.
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 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
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.
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.
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