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JPY/USD Exchange Rate

JPY 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Euro was hit hard overnight losing over 150 points to its US counterpart as the US Federal Reserve took centre stage. The Inflationary figures out of Europe came in on forecast and the high impact nature of the US data being released shortly after left investors sitting on the fence waiting for guidance. The US Federal Reserve changed the language in their release, dropping the words “considerable time” and indicating the middle of next year as the time frame to an interest rate increase. The Fed mentioned they are pleased with how the US economy is progressing however inflation is still below the target 2 per cent band and there was room for further improvement. Tonight all eyes will continue to watch the US data releases with unemployment claims and manufacturing numbers to provide direction.
Data releases:
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Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

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