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USD to JPY - Rate Guide

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.

 

USD/JPY update & alerts

1 USD = 108.79 JPY

USD to JPY - Trading Range (90 Day)
90-DAY HIGH (7d)
At 108.44 USD/JPY is trading 0.8% above the average for 90 days, with range 105.02 to 109.27. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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USD/JPY Exchange Rates and Providers Compared

This guide to the United States Dollar to Japanese Yen exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to JPY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our USD/JPY Quick Calculator.

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
¥1,068,800
Best Overall
106.880^1.75%
XE logo
¥1,074,200
¥5,400 more
107.4201.25%
Wells Fargo Bank logo
¥1,045,615
¥23,185 less
104.75183.88%
HSBC logo
¥1,044,830
¥23,970 less
104.64U$153.95%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
¥1,038,451
¥30,349 less
104.45154.54%
Bank of America International Money Transfers
Bank of America logo
¥1,031,679
¥37,121 less
104.21U$1005.16%
U.S. Bank International Money Transfers
U.S. Bank logo
¥1,031,679
¥37,121 less
104.21U$1005.16%
 

OFX logo

OFX: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:106.88 (1.75% from mid-rate)
To Amount (JPY) ¥1,068,800
Total Cost:1.75%
Time:
Rate Fetched: Fri Nov 15 2019 17:02:42 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:
Exchange Rate:107.42 (1.25% from mid-rate)
To Amount (JPY) ¥1,074,200
Total Cost:1.25%
Difference:
¥5,400 JPY more than using OFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:18
Exchange Rate:104.75 (3.7% from mid-rate)
To Amount (JPY) ¥1,045,615
Total Cost:3.88%
Difference:
¥23,185 JPY less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:104.64 (3.81% from mid-rate)
To Amount (JPY) ¥1,044,830
Total Cost:3.95%
Difference:
¥23,970 JPY less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:15
Exchange Rate:104 (4.39% from mid-rate)
To Amount (JPY) ¥1,038,451
Total Cost:4.54%
Difference:
¥30,349 JPY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:104.21 (4.2% from mid-rate)
To Amount (JPY) ¥1,031,679
Total Cost:5.16%
Difference:
¥37,121 JPY less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Foreign Transfer USD→JPY
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:104.21 (4.2% from mid-rate)
To Amount (JPY) ¥1,031,679
Total Cost:5.16%
Difference:
¥37,121 JPY less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/15/2019 - 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
¥101,820
Compare
101.8206.4%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
¥100,802
¥1,018 less
101.82U$107.33%
Wells Fargo Bank logo
¥99,784
¥2,036 less
101.82U$208.27%
Travelex Online US logo
¥96,672
¥5,148 less
96.67180^11.13%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:0
Exchange Rate:101.82 (6.4% from mid-rate)
To Amount (JPY) ¥101,820
Total Cost:6.4%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:95.18 (12.5% from mid-rate)
To Amount (JPY) ¥100,802
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:101.82 (6.4% from mid-rate)
To Amount (JPY) ¥99,784
Total Cost:8.27%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online US logo

Travelex Online US: Travel Money USD→JPY
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:96.6718 (11.13% from mid-rate)
To Amount (JPY) ¥96,672
Total Cost:11.13%
Time:
Rate Fetched: Fri Nov 15 2019 18:00:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 11/15/2019 - See full table

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