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Japan
 

JPY 1.00 = USD Inter-Bank Mid-Market Rate    Invert Rate
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Japanese Yen Wire Transfers plus market research and information on both banks and non-bank currency providers. Select
JPY Mid-Rates & Charts (30 days & 3 years) :

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Greenback offered little to excite investors stagnating for much of the session with a slight easing bias against its Euro and Japanese counterparts. Price action was quiet across the board as investors prepare for a heavy docket filled with major risk events. The Federal Reserve is set to commence its two day monthly meeting today with GDP, unemployment and non-farm payroll numbers all due before weeks end. Strong readings mixed with a hawkish Fed tone will help solidify recent Dollar gains as markets continue to search for significant signals the world’s largest economy continues to recover. In other news Euro remains flat as investors watch key German inflation numbers due tomorrow. A soft reading coupled with positive US data will likely increase downward pressure on the 18 nation currency unit as its looks to new support levels below 1.34.
Data releases
HIA New Home Sales m/m
NZD: No Data
Household Spending y/y, Unemployment Rate and Retail Sales
GBP: Net Lending to Individuals m/m, M4 Money Supply and Mortgage Approvals
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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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