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  1. Exchange Rates
  2. Japanese yen (JPY)
  3. Malaysian ringgit (MYR)

Convert JPY to MYR at Best Exchange Rates

1 Japanese yen equals
Malaysian ringgit 1JPY=MYR

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

  1. Know the latest JPY to MYR 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 Malaysian ringgit currencies, if available.

1. Market JPY/MYR mid-rate

Right now the JPY/MYR market rate is and represents how many Malaysian ringgit you can get for one Japanese yen.

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


Currency Converter JPY to MYR

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

Japanese yen to Malaysian ringgit (JPY-MYR) - 10 Year History

DateExchange RatePeriod
10 Jun 20180.03641 Week
18 May 20180.03581 Month
19 Dec 20170.03616 Months
17 Jun 20170.03861 Year
17 Jun 20160.03922 Years
18 Jun 20130.03315 Years
19 Jun 20080.030210 Years

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.

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/MYR 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 MYR 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 MYR.

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

Compare Foreign Transfers

Sending JPY 100,000 to MYR

OFX logo OFX
1JPY=0.036066MYR
RM3606.60 MYR (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: RM3606.60 MYR
Exchange Rate: 0.036066
(Inverse 1MYR=JPY 27.7269)
Fees: JPY 0
Total Cost : 1% (from mid-rate: 0.036430)
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.036066 and inclusive of the fee of JPY 0.
Rate timestamp : 13:24 Local
ジャスコ JUSCO  logo ジャスコ JUSCO
1JPY=0.034645MYR
RM3429.86 MYR (5.85%)
 
Price Details
Receive: RM3429.86 MYR
Exchange Rate: 0.034645
(Inverse 1MYR=JPY 28.8642)
Fees: JPY 1000 (1%)
Total Cost : 5.85% (from mid-rate: 0.036430)
Receive MYR RM177 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.034645 and inclusive of the fee of JPY 1000 (1%).
Bank Rates - Average
1JPY=0.034082MYR
RM3407.69 MYR (6.46%)
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: RM3407.69 MYR
Exchange Rate: 0.034082
(Inverse 1MYR=JPY 29.3410)
Fees: JPY 15
Total Cost : 6.46% (from mid-rate: 0.036430)
Receive MYR RM199 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate JPY/MYR=0.034082 and inclusive of the fee of JPY 15.

Travel Money JPY to MYR - 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/MYR rates right now.

You can calculate with the latest JPY/MYR 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/MYR market rate I see on Google or in the Media?

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.


3. 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 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 MYR, you should pay attention to both Japanese yen and Malaysian ringgit 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.

Malaysian ringgit (MYR) - Market news and forecasts

The ringgit was hammered in the second week of May after a shock election result which saw the incumbent Barisan Nasional coalition lose power in Malaysia for the first time in sixty years.

Investors generally despise political drama, especially in emerging market economies, and consequently there were election-induced earthquakes in Malaysian financial markets. Investors were concerned that the new government would roll back financial reforms that have boosted economic growth.

The ringgit, which had averaged 3.9 per US dollar in 2018 and which rarely moves more than 0.5 percent in a day, fell after the election by as much as 5 percent to 4.16 – its weakest level in six months – before recovering to 4.05 at the time of this report.

Malaysia’s new prime minister, Mahathir Mohamad, said following his victory that he would try to make the ringgit as stable as possible.


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