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    CAD to JPY Exchange Rates

    Compare & Save - Canadian dollar to Japanese yen exchange rates. Latest loonie→yen analysis and review of forecasts.

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    Compare & Save - Canadian dollar to Japanese yen

    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.

    The above Rate Calculator and Comparison Table makes it easy to compare the Total Cost you are being charged on loonie to yen currency rates and the possible savings of using various providers.


    In this loonie to yen (CAD/JPY) rate guide:

     
     
    @bestfxrates : 21 Sep: FX analysts predict volatility in the CAD/JPY rate as falling housing prices and sentiment shifts impact the CAD. Meanwhile JPY expected to decline to a historic low against USD - Goldman Sachs. In recent data, CADJPY at 109.4, 1.7% above the 3-month average. Fluctuating oil prices, U.S-Japan interest-rate gap, and the yen’s safe-haven status provide potential influence. Stay current, consult with professionals. #CADJPY #FXUpdate

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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 =
    109.47We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    CAD to JPY at 109.4 is 1.7% above its 3-month average of 107.6, having traded in a quite stable 5.2% range from 104.8 to 110.2
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    90-DAYHIGH1d
    7-DAY+2.0%2d
     
    DateCAD/JPYChangePeriod
    06 Sep 2023
    108.30
    1.7% 2 Week
    22 Jun 2023
    108.79
    1.2% 3 Month
    20 Sep 2022
    107.44
    2.5% 1 Year
    21 Sep 2018
    87.11
    26.4% 5 Year
    22 Sep 2013
    96.44
    14.2% 10 Year
    25 Sep 2003
    83.01
    32.6% 20 Year
    CAD/JPY historic rates & change to 20-Sep-2023

    Forecasts for CAD to JPY

    CADJPY chart
    90-DAYHIGH1d
    7-DAY+2.0%2d

    According to recent forecasts from FX analysts, the Canadian dollar (CAD) to Japanese yen (JPY) exchange rate is expected to experience some volatility in the near future. The CAD has been weighed down by the risk-on and risk-off sentiment in financial markets, rather than the economic fundamentals in Canada and the US. The ongoing decline in housing prices and potential negative wealth effects may further pressure the CAD in 2023.

    Read our full CAD to JPY forecasts analysis

     
    CAD to JPY flags

    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 BER Smart Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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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