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    Best CAD to JPY Exchange Rates Compared Live

    The best CAD to JPY exchange rate is 111.48. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    Canadian dollar to Japanese yen (CADJPY) rate guide contents:

    Compare CAD-JPY exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Japanese yen (JPY) rates from different sources before making a conversion.

    This Loonie to Yen comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-JPY mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : Amid cooling inflation and potential BoC rate cuts, the Canadian Dollar struggles, impacting CAD/JPY. A stronger USD forecast for 2024 could hinder CAD, yet offer respite in 2025. Meanwhile, JPY faces its own headwinds with USD/JPY projected at 125-130 by year-end. Market eyes on oil prices as CAD/JPY nears 7-day low at 110.9. #CADJPY #ForexUpdate #CurrencyAnalysis

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    CAD to JPY Market Data

    Canadian dollar (CAD) to Japanese yen (JPY) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 CAD =
    111.48We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    +0.4%
    πŸ“‰1W
    CAD to JPY at 111.3 is 2.3% above its 3-month average of 108.8, having traded in a quite stable 5.4% range from 105.7 to 111.4
    |
    Sell CAD   β†’   Buy JPY
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    DateCAD/JPYChangePeriod
    07 Feb 2024
    110.00
    1.1% β–²2 Week
    23 Nov 2023
    109.26
    1.8% β–²3 Month
    21 Feb 2023
    99.75
    11.5% β–²1 Year
    22 Feb 2019
    84.25
    32% β–²5 Year
    23 Feb 2014
    92.31
    20.5% β–²10 Year
    26 Feb 2004
    81.72
    36.1% β–²20 Year
    CAD/JPY historic rates & change to 21-Feb-2024

    Forecasts for CAD to JPY

     

    Recently, the Canadian Dollar (CAD) has faced challenges, with inflation data showing a cooling trend that led to speculation of potential rate cuts by the Bank of Canada (BoC). The CAD's performance has been linked to oil prices, albeit with a weakening correlation. Despite potential support from global growth and oil demand, looming BoC rate cuts and a strong positive correlation with the USD could weigh on the CAD's outlook. CIBC Capital Markets has adjusted their USD/CAD forecasts for 2024 and 2025, indicating expectations of a stronger US Dollar next year and a potentially more favorable environment for the Canadian Dollar thereafter due to a softer USD.

    Read our full review of recent CAD to JPY forecasts.

     

    How to get a good CAD to JPY exchange rate

    There are several ways to save on exchange rates when converting Canadian dollar to Japanese yen:

    1. Shop around for the best CAD/JPY exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the CAD/JPY rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and JPY at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Japanese yen with Canadian dollar, then it's better for the CAD/JPY exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    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.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the Canadian dollar rise against the Japanese yen?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; UpπŸ“ˆ or DownπŸ“‰ trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.

     
     
     

    Country Currency Guides

    JapanJapan (JPY)CanadaCanada (CAD)
     

    How is the cost of living in Japan?

    The cost of living in Japan can vary depending on location, lifestyle, and individual needs. However, generally speaking, Japan is known to be one of the more expensive countries in the world, especially in terms of accommodation and transportation.

    Accommodation costs, particularly in the big cities such as Tokyo and Osaka, can be quite high. Rent for apartments can be very expensive, and purchasing a home can be out of reach for many.

    Read more at our Japan (JPY) country guide

       
     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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