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

Convert MYR to JPY at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible MYR / JPY rate :

  1. Find the Market MYR to JPY mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market MYR/JPY mid-rate

The closer your final exchange rate is to the market MYR/JPY midrate the better deal you are getting.
1 Malaysian ringgit equals
Japanese yen 1MYR=JPY

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

The MYR/JPY 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. The closer your final exchange rate is to the market MYR/JPY midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

MYR to JPY Exchange Rate Calculator

RM
¥
1 MYR equals
JPY 1MYR=JPY

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
Loading MYR/JPY Chart

Malaysian ringgit to Japanese yen (MYR-JPY) Recent History

WhenExchange RateDate
1 Week ago27.631118 Apr 2018
1 Month ago27.118826 Mar 2018
6 Months ago26.800627 Oct 2017
1 Year ago25.408325 Apr 2017
2 Years ago28.471925 Apr 2016
5 Years ago32.423126 Apr 2013
10 Years ago33.108127 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible MYR / JPY rate :

  1. Market MYR to JPY mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for Malaysian ringgit and Japanese yen.

1. Market MYR/JPY mid-rate

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

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

1 Malaysian ringgit equals
Japanese yen 1=

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

MYR to JPY 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 MYR to JPY.

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

Compare Foreign Transfers

Sending MYR 10,000 to JPY

 OFX
1MYR=27.51JPY
¥275,100 JPY (1.49%)
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: ¥275,100 JPY
Exchange Rate: 27.51
Fees: MYR 0
Total Cost : 1.49% (from mid-rate: 27.9265)
This is the amount of money that could be received by your transfer at rate MYR/JPY=27.51 and inclusive of the fee of MYR 0.
Rate timestamp : 15:14 Local
Bank Rates - Average
1MYR=26.13JPY
¥260,908 JPY (6.57%)
This is the average MYR to JPY International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: ¥260,908 JPY
Exchange Rate: 26.13
Fees: MYR 15
Total Cost : 6.57% (from mid-rate: 27.9265)
Receive JPY ¥14,192 less than with   OFX
This is the amount of money that could be received by your transfer at rate MYR/JPY=26.13 and inclusive of the fee of MYR 15.

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

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

When you look up the current Malaysian ringgit to Japanese yen 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 MYR to JPY 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 the below MYR to JPY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Malaysian ringgit cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for Malaysian ringgit and Japanese yen

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 MYR vs JPY, you should pay attention to both Malaysian ringgit and Japanese yen news and forecasts.

Malaysian ringgit (MYR) - Market news and forecasts

The ringgit had a strong start to 2018. The currency climbed in early April to a 2-year high against the dollar (3.856), to an 11-month high against the euro (4.727) and to a 21-month high against the Australian dollar (2.957). At the time of this report, the ringgit was Asia’s second best performing currency of the year.

Investors will have to suffer greater volatility in ringgit markets in the second quarter, thinks the team at UOB, due to growing trade tensions between the US and China, which threatens the outlook of export-driven Asian economies like Malaysia. Any significant escalation of trade tensions might see investors sell the ringgit as they seek the relative safety of dollars, euros, yen and similar currencies. The ringgit will, however, be among the most resilient Asian currencies in the face of a trade war, says the bank, due to favourable domestic growth drivers.

UOB expects the ringgit to strengthen further by year-end to 3.8 per dollar.

Japanese yen (JPY) - Market news and forecasts

The Japanese yen spent much of 2017 trading up and down between 108 and 115 per US dollar, but has been the best performing G10 currency in early 2018. In the first seven weeks of the year, USD/JPY fell 6% to 106.11, marking the yen’s strongest level against the dollar in fifteen months.

The yen has also made back ground against the euro, strengthening by mid-February to rates in the low 132s; however, the yen remains weak against the euro by recent standards – EUR/JPY had been as low as 109.2 in mid-2016.

The yen’s strength in early 2018 will have surprised analysts at UBS. Entering the new year, the bank predicted that the yen would do worst of all the FX majors this year on the grounds that Shinzo Abe’s re-election in 2017 would likley mean a continuation of extremely loose monetary policy in Japan. UBS believed that the yen would weaken to levels above 115 per dollar.

“Analysts have struggled to explain why the yen is rising,” said the Financial Times in February, especially when the differential between US and Japanese interest rates continues to widen in favour of the dollar.

“I think [the reason for yen strength] is more technical,” said Citi analyst Koichi Kano.