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    OFX USD to JPY Exchange Rates

    The best USD to JPY exchange rate is 146.83. We compare OFX conversion costs to this mid-market rate and other FX providers, find better deals.

    In this OFX Dollar to yen (USD/JPY) rate guide:

    OFX Compare exchange rates   USD to JPY

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

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


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    OFX at a glance

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    *Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.

    @bestfxrates : Recent USDJPY slide to 146.7, a 1.4% dip from 3-mo avg, reflects market caution. Amidst growth risks & Fed rate cut expectations, economists see mixed futures: ING eyes 130 by end-2024, SocGen 125, TD Sec 135. Oil price volatility & BoJ policy key to yen's path. #ForexUpdate #USDJPY

    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.


    USD to JPY Market Data

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

    1 USD =
    146.83We compare provider deals to this wholesale mid-market rate. Read more
    USD to JPY at 146.8 is 1.3% below its 3-month average of 148.8, having traded in a quite stable 4.2% range from 145.6 to 151.7
    Sell USD   →   Buy JPY
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    60-DAY LOW
    7-DAY -2.0%1d
    20 Nov 2023
    0.8% 2 Week
    05 Sep 2023
    0.2% 3 Month
    04 Dec 2022
    9.4% 1 Year
    05 Dec 2018
    30.1% 5 Year
    06 Dec 2013
    43.2% 10 Year
    09 Dec 2003
    37.2% 20 Year
    USD/JPY historic rates & change to 04-Dec-2023

    Forecasts for USD to JPY

    USDJPY chart
    60-DAY LOW
    7-DAY -2.0%1d

    Recent forecasts from a Reuters poll of forex strategists suggest that the U.S. dollar's robustness, fueled by the strength of the U.S. economy and high Treasury yields, might continue to pose challenges for major currencies like the Japanese yen towards the end of the year. The dollar's resilience appears strong amidst global growth concerns and risks emanating from China's economic condition, reinforcing a bullish outlook for the greenback into 2024. Despite this, there is an expectation within the market for a marginal softening of the dollar against major counterparts, as economists anticipate the Federal Reserve to edge towards its first interest rate cut next year. This potential pivot in U.S. monetary policy is reflected in the overall mixed economic landscape, characterized by decelerating global growth and geopolitical uncertainties.

    Read our full USD to JPY forecasts analysis

    USD to JPY flags

    How to get a good USD to JPY exchange rate

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

    1. Shop around for the best USD/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 USD/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 USD 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 US dollar, then it's better for the USD/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 US 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 USD/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

    United StatesUnited States (USD)JapanJapan (JPY)

    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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