Royal Bank of Canada CAD to JPY Exchange Rates & Currency Deals
CAD-JPY Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your Royal Bank of Canada currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Royal Bank of Canada - CAD Rate Margin Analysis
The average CAD rate margin offered by Royal Bank of Canada is 2.8%.
This average is based on individual CAD 10K transfer rates in the currency pairs from Royal Bank of Canada that we monitor.
Royal Bank of Canada - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by Royal Bank of Canada for Canadian dollar (CAD 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Royal Bank of Canada Best Value Rates (Lowest Margins)
Bias: CAD/JPY sits above its 90-day average and in the upper half of the 3-month range, yielding a bullish-to-range-bound bias that favors gradual upside...
Bias: CAD/USD is bullish-to-range-bound, trading above its 90-day average and in the upper half of the 3-month range, with oil and data helping support this bias.
Bias
CADJPY sits above its 90-day average, flirting with the top of a 3-month range — bullish-to-rangebound. BoC vs BoJ rate gap and oil strength support CAD; BoJ tightening signals could cap gains.
Key drivers
- Rate gap: BoC's policy rate sits notably higher than BoJ's, supporting CAD resilience versus JPY even as risk appetite fluctuates.
- Oil trend: Oil remains supported, trading near multi-week highs and above its longer-term average, which tends to lift CAD due to Canada’s role as a major oil exporter.
- Macro factor: BoJ has signaled tightening with potential further hikes if inflation persists, a development that could limit yen softness and cap further CAD gains.
Range
CAD/JPY is likely to drift within the 3-month range, with a tilt toward the upper end as oil support persists, but without a clear breakout.
What could change it
- Upside risk: A sharper oil rally or stronger Canadian data that keeps the BoC on a higher-rate path and extends the CAD outperformance versus the yen.
- Downside risk: A renewed yen rally on further BoJ tightening or a drop in oil that narrows the CAD’s advantage and drags the pair lower
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CAD to JPY Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Japanese yen across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
Royal Bank of Canada Send Money conversion rate for CAD to JPY?
The Royal Bank of Canada CAD to JPY exchange rate is 111.25. This is -2.8% compared to the latest CAD-JPY mid-market rate 114.45.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Japanese yen (JPY) rates from different sources before making a conversion.
The above
Royal Bank of Canada - Loonie to Yen comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Royal Bank of Canada and other foreign exchange providers against the latest CAD-JPY mid-rate and the possible savings of using various providers.
How do Royal Bank of Canada CAD-JPY rates compare between providers?
Looking at the full
CAD to JPY - Send Money comparison table the provider with the best CAD to JPY exchange rate is OFX at 113.87, -0.51% from the latest mid-market rate 114.45.
The next best is XE at 113.76, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Royal Bank of Canada often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.