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USD/JPY - Convert Compare Save

United States Dollar to Japanese Yen exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the United States Dollar to Japanese Yen exchange rate, has news, forecasts and USD to JPY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

USD/JPY Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/JPY International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

USD to JPY International Money Transfers

  

Foreign Transfer ProvidersReceive JPY(¥)Exchange RateFee USDTotal CostDeal Links
OFX logo
1,072,700 JPY
Best Overall
107.270^1.23%
Wells Fargo Bank logo
1,050,406 JPY
22,294 JPY
105.23183.28%
HSBC logo
1,049,723 JPY
22,977 JPY
105.13$153.34%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
1,043,297 JPY
29,403 JPY
104.94153.94%
Bank of America International Money Transfers
Bank of America logo
1,036,530 JPY
36,170 JPY
104.7$1004.56%
U.S. Bank International Money Transfers
U.S. Bank logo
1,036,530 JPY
36,170 JPY
104.7$1004.56%
 
OFX: Foreign Transfer USD→JPY
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:107.27 (1.23% from mid-rate)
JPY amount:1,072,700 JPY
Total Cost:1.23%
Time:
Rate Fetched: Mon Jun 17 2019 16:02:41 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→JPY
USD amount:$10,000 USD
Fee:18
Exchange Rate:105.23 (3.11% from mid-rate)
JPY amount:1,050,406 JPY
Total Cost:3.28%
Difference:
22,294 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→JPY
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:105.13 (3.2% from mid-rate)
JPY amount:1,049,723 JPY
Total Cost:3.34%
Difference:
22,977 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→JPY
USD amount:$10,000 USD
Fee:15
Exchange Rate:104.48 (3.8% from mid-rate)
JPY amount:1,043,297 JPY
Total Cost:3.94%
Difference:
29,403 JPY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→JPY
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:104.7 (3.59% from mid-rate)
JPY amount:1,036,530 JPY
Total Cost:4.56%
Difference:
36,170 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→JPY
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:104.7 (3.59% from mid-rate)
JPY amount:1,036,530 JPY
Total Cost:4.56%
Difference:
36,170 JPY less than using OFX
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount JPY(¥)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
101,660 JPY
Compare
101.6606.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
100,644 JPY
1,016 JPY
101.66$107.33%
Wells Fargo Bank logo
99,627 JPY
2,033 JPY
101.66$208.27%
Travelex Online US logo
96,672 JPY
4,988 JPY
96.67180^10.99%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→JPY
USD amount:$1,000 USD
Fee:0
Exchange Rate:101.66 (6.4% from mid-rate)
JPY amount:101,660 JPY
Total Cost:6.4%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→JPY
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:95.03 (12.5% from mid-rate)
JPY amount:100,644 JPY
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→JPY
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:101.66 (6.4% from mid-rate)
JPY amount:99,627 JPY
Total Cost:8.27%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→JPY
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:96.6718 (10.99% from mid-rate)
JPY amount:96,672 JPY
Total Cost:10.99%
Time:
Rate Fetched: Mon Jun 17 2019 16:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

USD to JPY interbank exchange rate = 108.2859

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on USD/JPY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

USDJPY blended flags

USD and JPY in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs JPY, you should pay attention to the recent market trends for both currencies.

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

 

Japanese Yen (JPY)

The yen was the star performer in the weeks leading up to this report (May-17), with appreciation driven by a flight to safety following a serious escalation in the US-China trade war. The benchmark yen rate, USD/JPY, was down in the mid-109s, having been as high as 112.4 in late April. Relatively speaking, against their April highs, other yen rates had fallen even more (NZD/JPY was down from 76 to 71.6).

In May, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.

Read more in the article JPY Forecasts.

Why can't I just get the USD/JPY market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / JPY was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

USDJPY blended flags

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

We help you Compare & Save Money on Exchange Rates.

 

View all USD Exchange Rates