Compare Exchange Rates to Buy Japanese Yen (JPY)
Because every company has different rates to buy Japanese Yen (JPY) with AUD, finding the best deal can be a minefield. We bring together all your options, highlight the fees and rates for each money exchange, and show you the best possible deals.
Where to buy Japanese yen?
You can buy Japanese yen (JPY) from almost every place in Australia that offers currency exchange. It is a very popular currency to exchange to Australian dollars. Places you can make cash transactions and buy Japanese yen include online, in-store at money exchangers, banks, Australia Post and the airport.
To find out exactly where you can buy Japanese yen, you can use our handy city and suburb guides, just click on the links below:
What is the cheapest way to buy Japanese yen in Australia?
The cheapest way to buy Japanese (JPY) in Australia is online. Most online money exchangers, like S Money do not charge a transaction fee and their exchange rates are the same as the cash rate you see on Google.
The most expensive place to buy JPY is at the airport, because they know you have no other options until you get to Japan. They charge a commission fee and give very poor foreign exchange rates. For an exchange of $1,000 Australian dollars, you can lose up to $100 at the airport.
The most expensive way to pay for yen is with a credit card. Most credit cards will charge a higher interest rate, up to 20% for cash advances. Therefore if you buy $1,000 at the airport, you will pay an additional $200 for your foreign currency exchange.
What currency is used in Japan?
The currency used in Japan is called 'yen'. Both the coins are called and notes are called yen and represented by the symbol ¥.
Notes: ¥1,000, ¥2,000, ¥5,000 and ¥10,000
Coins: ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 and ¥500
The ¥2,000 is accepted but rarely used or seen, it was introduced in 2000 for the celebration of the millennium. The ¥1 is made of aluminium and very light, the ¥5 and ¥50 coins have holes in the middle and the ¥500 is the biggest and heaviest by far, which makes it easy to work out when you have a handful of coins.
What type of notes should I take to Japan?
Cash is very popular in Japan. When paying for meals, taxis or temples, small denominations are required. Take as many ¥1,000, ¥2,000 and ¥5,000 notes as possible. Leave your ¥10,000 to pay your accommodation. Buses and trains can not accept any tender over ¥1,000.
When is the best time to buy Japanese yen with Australian dollars?
Find the best time to buy Japanese yen with Australian dollars with our rate tracker. It keeps track on the JPY to AUD or AUD to JPY exchange rate and emails you when the exchange rate gets to the rate your chose to buy Japanese yen.
The jpy to aud exchange rate average is close to 0.014, over the past 10 years. The high was in 0.0158 in early 2020 and the low was 0.0095 in early 2013. Currently its 0.0129, so ¥100 could buy you $1.29 at the best exchange rate.
The aud to jpy exchange rate average is close to 0.79, over the past 10 years. The high 1.05 in early 2013 and the low was in early 2020 at 0.62. Currently its 0.77, so $100 could buy you ¥77 at the best exchange rate.
How to buy Japanese yen in Australia?
Buying Japanese yen in Australia is relatively easy.
- Take your valid photo id (driver’s license or passport) with you.
- Bring your preferred payment method. Most places accept cash, debit card and credit card to pay for your Japanese yen.
- Ask for the Japanese yen amount and the money exchanger will let you know how much Australian dollars you need to pay.
- Make your payment in Aussie dollars and receive your Japanese yen.
How much is $100 worth in Japanese yen
Historically the Australian dollar is worth about 0.77 Japanese yen, therefore AU$100 will buy you ¥77
In some years the exchange rate has been as low as 0.62 yen and it makes buying JPY and spending in Japan relatively more expensive for an Australian. In other years the exchange rate has been as high as 1.05 yen, which means it's cheaper for Australians to buy JPY.
Major banks tend to predict the AUD to JPY exchange rate and present reasons why the JPY changes against the Aussie exchange rate.
Why should I choose The Currency Shop?
Many people are not aware of the true cost of transferring money. But it is pretty standard to lose up to 8% of your money each time you transfer money internationally, depending on your method. We think this is far too much. That’s why we help you find the best way to transfer your money and avoid those costly hidden fees and charges. And it works. On average, we save our customers $4,000 each year.
How does it work?
It’s pretty simple. Whether you need travel money or would like to transfer money overseas we just need a little info to point you in the right direction. First, you tell us what you are looking for then we compare hundreds of providers to find the best deal for your current situation. We’ll highlight all the available options and recommend the best one for you. You can then decide which option you prefer, and click through to their site to secure the deal.
Is it safe?
Yes. The Currency Shop holds an Australian Financial Services Licence (462269) and is a member of the Financial Ombudsman Service. We closely vet our providers and only partner with the largest, safest and most trusted money transfer companies in the world. That just makes sense.
What does it cost?
The Currency Shop does not charge you. Instead, we receive a referral fee from the banks and money transfer companies that we are partnered with. This does not affect the price you pay.
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