There are three simple steps you need to take in order to get a good USD-JPY exchange rate:
Know the latest USD to JPY market mid-rate shown above - this is your starting point!
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.
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.
U.S. dollar to Japanese yen (USD-JPY) - 10 Year History
Date
Exchange Rate
Period
Change
22 Jun 2018
109.9751
Latest
15 Jun 2018
110.6750
1 Week
-0.63%
23 May 2018
109.8800
1 Month
+0.09%
24 Dec 2017
113.3150
6 Months
-2.95%
22 Jun 2017
111.2943
1 Year
-1.19%
22 Jun 2016
104.6420
2 Years
+5.1%
23 Jun 2013
98.1346
5 Years
+12.07%
24 Jun 2008
107.8549
10 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.
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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)
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.
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.
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.
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)
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.
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.
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 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.
Best Exchange Rates - Compare & Save
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