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    Scotiabank CAD to JPY Exchange Rates

    The best CAD to JPY rate is 108.76, and is the current mid-market exchange rate. We help you compare Scotiabank Canadian dollar to Japanese yen rates and costs to this live market rate.

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

    Scotiabank Compare exchange rates - CAD to JPY

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


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    Scotiabank at a glance

    Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.

    One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.

    When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.

    Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.

    While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.

    @bestfxrates : #CADJPY is holding steady at 109.5, with FX analysts watching oil prices closely as CAD's fate is tied to this commodity. Despite a stable outlook, rate hikes and shifts in global dynamics could stir exchange rates. Markets eye BoC decisions and JPY's reaction to policy changes

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

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    Save time and money - fewer websites to visit and you get a much better exchange rate & service.


    CAD to JPY Market Data

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

    1 CAD =
    108.76We compare provider deals to this wholesale mid-market rate. Read more
    CAD to JPY at 108.7 is just below its 3-month average, having traded in a very stable 3.2% range from 107.4 to 110.8
    Sell CAD   →   Buy JPY
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    14-DAY HIGH
    1-DAY +1.1%
    16 Nov 2023
    0.3% 2 Week
    01 Sep 2023
    1.4% 3 Month
    30 Nov 2022
    6.7% 1 Year
    01 Dec 2018
    28% 5 Year
    02 Dec 2013
    13% 10 Year
    05 Dec 2003
    32.1% 20 Year
    CAD/JPY historic rates & change to 30-Nov-2023

    Forecasts for CAD to JPY

    CADJPY chart
    14-DAY HIGH
    1-DAY +1.1%

    The Canadian Dollar (CAD) has recently been subject to multiple factors that shape its value against major currencies, including the Japanese Yen (JPY). Even though the CAD to JPY exchange rate, currently at 109.5, has remained stable within a narrow range, broader economic forces are at play that could influence future movement. FX analysts observe that while it hovers just above its 3-month average and has experienced limited volatility, external pressures such as oil price dynamics could sway the Canadian currency. With Canada being a significant oil exporter and the recent OIL to USD prices trading below the 3-month average by 5.3%, there is a potential negative impact on the CAD due to its correlation with oil market fluctuations.

    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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