Loading...
Best Exchange Rates

Home pages - full list (A-Z)

Compare JPY to MYR foreign transfers

Use our comparison table to find the best exchange rates for Malaysian Ringgit foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Exchange Rates

   
¥JPY
RMMYR

Compare Deals

Foreign Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Receive MYR(RM)Exchange RateFee JPYTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
3,772.4 MYR0.03772400.4%Bank Transfers - Online & Phone1-2 days
HSBC logo
3,572.93 MYR0.035783¥1505.67%Online, Branch, Bank Transfers2-3 days
ジャスコ JUSCO
ジャスコ JUSCO  logo
3,565.98 MYR0.03602¥10005.85%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Citibank logo HSBC logo ジャスコ JUSCO  logo
3,561 MYR0.035752155.97%Online, Branch, Bank Transfers2-3 days
Citibank
Citibank logo
3,544.97 MYR0.035454126.41%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer JPY→MYR
JPY amount:¥100,000 JPY
Fee:0
Exchange Rate:0.037724 (0.4% from mid-rate)
MYR amount:3,772.4 MYR
Total Cost:0.4%
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer JPY→MYR
JPY amount:¥100,000 JPY
Fee:¥150 JPY (.15%)
Exchange Rate:0.035783 (5.53% from mid-rate)
MYR amount:3,572.93 MYR
Total Cost:5.67%
Difference:
RM199 less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
ジャスコ JUSCO : Foreign Transfer JPY→MYR
JPY amount:¥100,000 JPY
Fee:¥1000 JPY (1%)
Exchange Rate:0.036020 (4.9% from mid-rate)
MYR amount:3,565.98 MYR
Total Cost:5.85%
Difference:
RM206 less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Citibank logo HSBC logo ジャスコ JUSCO  logo

Foreign Transfer JPY→MYR
JPY amount:¥100,000 JPY
Fee:15
Exchange Rate:0.036185 (4.46% from mid-rate)
MYR amount:3,561 MYR
Total Cost:5.97%
Difference:
RM211 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Citibank: Foreign Transfer JPY→MYR
JPY amount:¥100,000 JPY
Fee:12
Exchange Rate:0.035454 (6.39% from mid-rate)
MYR amount:3,544.97 MYR
Total Cost:6.41%
Difference:
RM227 less than using OFX
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes

1 JPY = 0.037668 MYR

This is the current JPY-MYR mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market JPY-MYR exchange rate.

3 Month Chart
Loading AUDUSD rates

Currency news 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

31-December-18: The yen was the best performing major currency of 2018. As 2019 rolled in, the Japanese currency touched a 6-month high against the dollar and a 4-month high against the euro. USD/JPY and EUR/JPY fell to respective rates of 109.7 and 125.5, marking yen strength for the year worth 2.7 percent and 7.6 percent.

In December, the yen — the FX world’s preferred safe haven — benefitted strongly from a notable switch to risk-off trading. Stock markets were volatile and falling hard and the prospect of further trade tensions and higher interest rates in 2019 unnerved investors.

Analysts appeared to agree in December that the yen would strengthen throughout 2019 and beyond.

The median estimate of economists polled by Bloomberg in December indicated USD/JPY would fall to 105 by the end of 2019. Experts at Mizuho, Citibank and Commerzbank saw the yen strengthening even further, to 100 or stronger. USD/JPY hasn’t traded at the symbolic 100 level since August 2016.

Yen strength will be driven by tighter Japanese monetary policy, experts said, and by a slower pace of policy tightening in the US. The US-Japanese interest rate differential will narrow.

Malaysian Ringgit (MYR) - Market news and forecasts

Like many other emerging market currencies, the ringgit struggled in 2018.

The ringgit weakened in November to a one-year low of RM4.2 per USD but had recovered slightly by the time of this report into the high RM4.17s.

Against the Singapore dollar — the currency of Malaysia’s largest trading partner — the ringgit weakened in November to 3.06 (also a one-year low at the time), before recovering to 3.043.

Among factors contributing to the ringgit’s weakness in 2018 has been political uncertainty relating to Malaysia's ruling Pakatan Harapan coalition, a 40 percent end-of-year crash in the price of oil, as well as general risk-off sentiment, driven partly by global trade tensions and most evident from a 20 percent fall in US equities prices. Higher US interest rates also make holding Malaysian currency less attractive.

“The ringgit will remain weak due to continued political uncertainty,” Fitch’s head of Asia Country Risk said in December.

For 2019 year-end, the team at TradingEconomics.com is forecasting USD/MYR and SGD/MYR at 4.19 and 3.01.

Currency News and Forecasts - Japanese Yen

Aussie Recovers Following “Flash Crash” but Downtrend Intact
The Yen Is Flying; AUD/JPY, CAD/JPY at Lowest Since 2016
Undervalued Australian Dollar Higher in 2019 (CIBC); Franc, Yen at Multi-...
Stock Market Rout Sends Australian Dollar Tumbling
US Dollar Posts Worst Day in 7 Weeks After Fed Cuts Interest Rate Forecasts
Australian Dollar Lacks Inspiration Following RBA Minutes, Looks Cheap ...