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  1. Exchange Rates
  2. U.S. dollar (USD)
  3. Japanese yen (JPY)

Convert USD to JPY at Best Exchange Rates

1 U.S. dollar equals
Japanese yen 1USD=JPY

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

  1. Know the latest USD to JPY 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 U.S. dollar and Japanese yen currencies, if available.

1. Market USD/JPY mid-rate

Right now the USD/JPY market rate is and represents how many Japanese yen you can get for one U.S. dollar.

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


Currency Converter USD to JPY

$
¥
1 USD equals
JPY 1USD=JPY

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
1 Week USD/JPY Chart
USD-JPY 1 Week chart

U.S. dollar to Japanese yen (USD-JPY) - 10 Year History

DateExchange RatePeriodChange
22 Jun 2018109.9751Latest
15 Jun 2018110.67501 Week-0.63%
23 May 2018109.88001 Month+0.09%
24 Dec 2017113.31506 Months-2.95%
22 Jun 2017111.29431 Year-1.19%
22 Jun 2016104.64202 Years+5.1%
23 Jun 201398.13465 Years+12.07%
24 Jun 2008107.854910 Years+1.97%

The USD/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 USD / JPY 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 USD/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.

USD 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 USD to JPY.

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

Compare Foreign Transfers

Sending USD 10,000 to JPY

OFX logo OFX (prev. USForex)
1USD=108.55JPY
¥1,085,500 JPY (1.28%)
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: ¥1,085,500 JPY
Exchange Rate: 108.55
Fees: USD 0
Total Cost : 1.28% (from mid-rate: 109.9600)
This is the amount of money that could be received by your transfer at rate USD/JPY=108.55 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 04:03:37 GMT+0000 (UTC)
Bank Rates - Average
1USD=105.3JPY
¥1,051,421 JPY (4.38%)
This is the average USD 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: ¥1,051,421 JPY
Exchange Rate: 105.3
Fees: USD 15
Total Cost : 4.38% (from mid-rate: 109.9600)
Receive JPY ¥34,079 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/JPY=105.3 and inclusive of the fee of USD 15.

Travel Money USD 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.

Travel Money Exchange Rates Compared

Buying JPY Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=100.2001JPY
¥100,200 JPY (8.88%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: ¥100,200 JPY
Exchange Rate: 100.2001
Fees: USD 0
Total Cost : 8.88% (from mid-rate: 109.9600)
Amount of money that could be received by your currency exchange at rate USD/JPY=100.2001 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 04:00:03 GMT+0000 (UTC)
Bank Rates - Average
1USD=96.21JPY
¥95,248 JPY (13.38%)
This is the average USD to JPY Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: ¥95,248 JPY
Exchange Rate: 96.21
Fees: USD 10 (1%)
Total Cost : 13.38% (from mid-rate: 109.9600)
Receive JPY ¥4,952 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/JPY=96.21 and inclusive of the fee of USD 10 (1%).

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 USD/JPY market rate I see on Google or in the Media?

When you look up the current U.S. dollar 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.

USD to JPY mid-rate on google

USD to JPY mid-rate on google search

Getting a great USD 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 our USD to JPY currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific U.S. dollar cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for U.S. dollar 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 USD vs JPY, you should pay attention to both U.S. dollar and Japanese yen news and forecasts.

U.S. dollar (USD) - Market news and forecasts

It was a fine run for the dollar during the six-week period ending May 25th – the day of this report. The Dollar Index never looked back after breaking from a pocket of congestion in the final week of April. The index ended this period achieving a six-month high of 94.3. The dollar benefited from higher US yields.

Against individual currencies, within this timeframe the dollar was impressive against the euro, which fell to buy only 1.165 dollars, from levels near 1.24; against the pound, which fell to buy 1.33 dollars, from 1.44; and against the New Zealand dollar, which fell to 0.69 from 0.738.

A warning on the dollar’s medium-term outlook was offered in May by Citibank. The bank argues that downward pressure on the dollar will resume because Washington’s planned fiscal spending will cause a further deterioration in the US’ twin deficits. The dollar might have 5 percent downside over 6-12 months and 10 percent downside in the long run, a Citi analyst said.

In the coming month, supporting the dollar against growth-sensitive currencies, which include CAD, AUD, NZD, SEK, NOK, SGD and most of the emerging market currencies, will be developments surrounding global trade. In May, trade tensions resurfaced after the US Commerce Department announced it would investigate automobile imports. In 2018, Washington had already announced tariffs on aluminium and steel imports, angering much of the rest of the world.

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.


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