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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Japan to Canada searches in the last 6 months, and was the top rated company out of 15 that support JPY to CAD.
So for a great blend of cost, speed & features, make your Japan to Canada transfer using Wise.
How to send money from Japan to Canada
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Canadian Dollar from Japan.
- Choose a provider
Select the provider offering the best way to send to Canada based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Canadian Dollar will soon be on their way to Canada.
Summary of recent searches
Sending money from Japan to Canada considerations
A comparison of providers offering services between Japan and Canada is the easiest way to ensure the best deal.
We've compared 15 providers that offer services for sending Yen to Canada.
This ensures you will get the best options for your transfer to Canada from Japan.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Japan to Canada.
Cheapest way to send money to Canada from Japan: Key Currency
Data collected through our comparison over the past six months shows that Key Currency is 0.1% cheaper than the second-best option.
The cost is made up of an average fee of 0* JPY and an exchange rate for buying Canadian Dollar with Yen that is 0.1% different to the mid-market rate.
If you want to secure the best rates on a Japan to Canada transfer, Key Currency offers value. We would still recommend searching for the amount you want to send to Canada.
*The most common fee applied to JPY-CAD by Key Currency, based on data from the past six months.
Fastest way to send money to Canada from Japan: Xe.
In our comparison, we found Xe to be the fastest way to send Yens to Canadian Dollar in 57.1% of transfers. For quick transfers between JPY and CAD, Xe comes highly recommended.
Sending money from Japan to Canada through Xe has an average fee of 0 JPY.
To find the fastest company, we compared 15 money transfer providers for the overall speed of sending money from Japan to Canada. This was made up of depositing Yen to a money transfer account and transfer times to Canada.
When looking for the fastest money transfer, Xe is our best choice for sending into Canada from Japan.
Sending a large amount of money?
Of the 15 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Japan to Canada, it's a great provider for things like buying or selling property.
Understanding the costs involved when moving money from Japan to Canada
The total cost of money transfers to Canada from Japan, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for JPY-CAD is 0.0091 CAD per Yen.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your Yens.
On average for the last three months, the JPY-CAD mid-market rate has been 0.0091 CAD per Yen. This hit a high of 0.0095, and a low of 0.0086.
From the 15 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting JPY to CAD.
Fees: Some money transfers between Japan and Canada will be subject to fees. Key Currency has had an average fee of 0 JPY per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.
This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from Japan.
How to find the best exchange rate for Yen to Canadian Dollar
Timing is essential for 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 period, the highest value recorded was 0.0095, while the lowest was 0.0086.
Wise, which is our recommended service to send money online from Japan to Canada offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best JPY-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Japan to Canada!
Paying for your Japan to Canada money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Japan to Canada.
By using a money transfer company such as Key Currency to send money from Japan to Canada, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Key Currency is the cheapest money transfer provider for bank transfers from the 15 we tested when sending JPY to Canada.
With an average fee of JPY0 to send money from Japan to Canada, Key Currency offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Japan to Canada with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Japan to Canada. This is from the 15 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Japan to Canada, emerges as our top choice of the 15 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track 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, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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.
Money transfer company reviews
