The comparison table above helps you see the total cost of your OFX 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’.
JPY to CAD Market Data
Japanese yen (JPY) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
JPY to CAD is at 90-day lows near 0.008723, 2.7% below its 3-month average of 0.008966, having traded in a relatively stable 7.1% range from 0.008723 to 0.009344
CAD/JPY sits above the 90-day avg and near the upper end of its 3-month range. Higher BoC rates vs BoJ tightening and firmer oil keep the carry appeal, with the next move tied to oil, data and policy cues.
Bias
bullish-to-range-bound, CAD/JPY sits above the 90-day average and in the upper half of the three-month range.
Key drivers
- Rate gap: BoC's higher policy rate relative to BoJ's tighter stance supports CAD vs JPY, especially when oil holds firm, as rate paths diverge.
- Oil price strength supports CAD as Canada exports oil, lending ballast to the loonie; softer yen amid Japan's policy path adds to cross-rate dynamics and commodity-linked demand outlook.
- Macro: BoJ’s December rate hike signals a shift toward tighter policy, shaping yen dynamics and the pair's carry appeal; markets watch inflation and growth signals.
Range
likely to hold within the recent band, with a drift toward the upper end as traders wait for fresh data and policy cues.
What could change it
- Upside risk: oil continues to rally and BoC keeps policy stance constructive, lifting CAD and data strengthens the case.
- Downside risk: BoJ outlines faster tightening or a shift in global risk appetite that lifts the yen, pressuring CAD/JPY even if U.S. data disappoints
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JPY to CAD 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 Japanese yen are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different JPY amounts at today’s rate * :
What is the
OFX Send Money conversion rate for JPY to CAD?
The OFX JPY to CAD exchange rate is 0.0087. This is -0.54% compared to the latest JPY-CAD mid-market rate 0.008747.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Japanese yen (JPY) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
OFX - Yen to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest JPY-CAD mid-rate and the possible savings of using various providers.
How do OFX JPY-CAD rates compare between providers?
Looking at the full
JPY to CAD - Send Money comparison table the provider with the best JPY to CAD exchange rate is OFX at 0.0087, -0.54% from the latest mid-market rate 0.008747.
The next best is XE at 0.0087, -0.54% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like OFX or platforms that offer rates closer to the mid-market rate.