How to get the best deal on your Japan to Canada transfer
Sending Money from Japan to Canada Key Insights and Tips
Don't settle for the first option. Always compare ways to send money from Japan to Canada to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between Japan and Canada, including TorFx, Key Currency, and WorldRemit.
Through this, you get a comprehensive view of all the options you have in Japan when you need to send money to Canada.
Sending Money from Japan to Canada Key Insights and Tips
Don't settle for the first option. Always compare ways to send money from Japan to Canada to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Japan and Canada. Through this, you get a comprehensive view of all the options you have in Japan when you need to send money to Canada.
Cheap money transfer to Canada from Japan: XE
Data collected over the past six months show that XE is 0.1% cheaper than the second best option.
The $0 transfer cost represents the most common fee for JPY to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a JPY to Canada transfer, make sure you pick XE to send your money online.
*The most common fee applied to JPY-CAD by XE, calculated based on data from the past six months.
Cheapest way to send money from Japan to Canada
Without any money transfer providers serving the Japan to Canada route, the cheapest money transfer options are limited.
We would recommend using:
Fastest ways to send money from Japan to Canada: WorldRemit
Data shows that WorldRemit came up as the fastest way to send money from Japan to Canada in 57.1% of our searches, proving they are the best at handling urgent online money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Japan to Canada - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
Although WorldRemit is the quickest way to send money to Canada from Japan, the average cost of this service is $437.5.
If you don’t need to get your money to Canada in 1 day, remember that XE is the one that helps you save most.
But when speed matters, WorldRemit should always be your go-to choice.
Need to Send Over $10,000?
For those big moves, going specialist is key.
Opt for a service that specializes in large transfers when size matters. For transfers over $10,000, your best bet is TorFx.
While TorFx may not be the cheapest or fastest way to send JPY from Japan to Canada, it’s the provider that will keep you safe and relax while your money moves and becomes CAD.
Understanding Your Money Transfer Costs: Japan to Canada
When it comes to calculating the costs of money transfers between Japan and Canada, here's what really matters:
The Mid-Market Rate: Today, the JPY-CAD mid-market rate equals to 0.008994. Keep in mind that this rate fluctuates all the time.
The AUD-JPY average exchange rate of the past three months has been 0.0091, with a highest of 0.0092 and a lowest of 0.009.
When in doubt, use Wise. On average, Wise hovers just 0.05% above the mid-market rate.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent JPY to CAD rates that are only 0.05% away from the average. That's savvy transferring for you.
How to find the best exchange rate for Yen to Canadian Dollar
Timing is everything when it comes to sending money between JPY and CAD. The exchange rate you secure impacts how much CAD you get for your JPY.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from JPY to CAD has seen some fluctuation. On average, it stood at 0.0091.
During this time, the highest value on records has been 0.0092, while the lowest has been 0.009.
TorFx, which is our recommended service to send money online from Japan to Canada offers an exchange rate that is only 0.25% above the mid-market rate.
Want to secure the best JPY-Canadian Dollar exchange rates?
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What Payment Methods Are Available When Sending Money from Japan to Canada?
Why trust our suggestions?
We compared the cost, speed, and product offerings of the leading money transfer services available between Canada and Japan.
Our comparison engine and algorithms evaluate providers based on over 25 factors. Which include:
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Japan to Canada .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send JPY to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.