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Best MYR to JPY Exchange Rates Compared Live

The best MYR to JPY exchange rate is 31.97. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-JPY Best Exchange Rate Calculator
 

Comparing MYR-JPY exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Japanese yen (JPY) rates from different sources before making a conversion.

The above Ringgit to Yen comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest MYR-JPY mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to JPY Market Data

Malaysian ringgit (MYR) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
31.97We compare provider deals to this wholesale mid-market rate. Read more
JPY
-0.4%
📈3M
MYR to JPY at 31.97 is 1.8% above its 3-month average of 31.4, having traded in a quite stable 5.0% range from 30.64 to 32.16
|
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  1 JPY = 0.031284 MYR
DateMYR/JPYChangePeriod
13 Mar 2024
31.49
1.5% â–²2 Week
28 Dec 2023
30.70
4.1% â–²3 Month
28 Mar 2023
29.72
7.5% â–²1 Year
29 Mar 2019
27.16
17.7% â–²5 Year
30 Mar 2014
31.49
1.5% â–²10 Year
01 Apr 2004
27.30
17.1% â–²20 Year
MYR/JPY historic rates & change to 27-Mar-2024
 

What are equivalent amounts of MYR and JPY?

Here are some popular conversion amounts for MYR to JPY (Malaysian ringgit to Japanese yen)*.

MYR JPY
RM 1 ¥ 31.97
RM 5 ¥ 159.85
RM 10 ¥ 319.70
RM 20 ¥ 639.40
RM 50 ¥ 1,599
RM 100 ¥ 3,197
RM 250 ¥ 7,993
RM 500 ¥ 15,985
RM 1,000 ¥ 31,970
RM 2,000 ¥ 63,940
RM 5,000 ¥ 159,850
RM 10,000 ¥ 319,700
RM 20,000 ¥ 639,400
RM 50,000 ¥ 1,598,500
RM 100,000 ¥ 3,197,000
MYR JPY
RM 0.0313 ¥ 1
RM 0.1564 ¥ 5
RM 0.3128 ¥ 10
RM 0.6257 ¥ 20
RM 1.5642 ¥ 50
RM 3.1284 ¥ 100
RM 7.8210 ¥ 250
RM 15.64 ¥ 500
RM 31.28 ¥ 1,000
RM 62.57 ¥ 2,000
RM 156.42 ¥ 5,000
RM 312.84 ¥ 10,000
RM 625.68 ¥ 20,000
RM 1,564 ¥ 50,000
RM 3,128 ¥ 100,000

More amounts

*Converted at the current MYRJPY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for MYR to JPY

 

FX analysts have varied outlooks for the Malaysian Ringgit (MYR) against the Japanese Yen (JPY). While some expect the MYR to potentially weaken against a strong US Dollar, others anticipate the USD/MYR pair trending higher. Hong Leong Bank analysts hold a neutral-to-bearish view for the MYR, citing potential negative impacts from sustained USD strength. Societe Generale forecasts the USD/MYR pair to potentially reach 4.95, with Maybank expecting the MYR to remain under pressure with intermittent bounces. As for the JPY, the market's immediate reaction to the Bank of Japan's recent pivot was underwhelming, resulting in mixed forecasts. ING expects USD/JPY to fall to 130 by the end of 2024, while Societe Generale predicts a level of 125. However, TD Securities analysts anticipate USD/JPY hitting 135 in early 2024 following the BoJ's policy changes.

Read our full review of recent MYR to JPY forecasts.

 

How to get a good MYR to JPY exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to Japanese yen:

  1. Shop around for the best MYR/JPY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the MYR/JPY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and JPY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Japanese yen with Malaysian ringgit, then it's better for the MYR/JPY exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Malaysian ringgit rise against the Japanese yen?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add MYR/JPY to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.

 
 
 

Currency Country Guides

JapanJapan (JPY)MalaysiaMalaysia (MYR)
 

How is the cost of living in Japan?

The cost of living in Japan can vary depending on location, lifestyle, and individual needs. However, generally speaking, Japan is known to be one of the more expensive countries in the world, especially in terms of accommodation and transportation.

Accommodation costs, particularly in the big cities such as Tokyo and Osaka, can be quite high. Rent for apartments can be very expensive, and purchasing a home can be out of reach for many.

Read more at our Japan (JPY) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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