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Send money from Canada to Japan
"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."
"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."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"Currencyflow is a modern FX broker backed by industry veterans with 30+ years of currency trading experience. Contact the UK-based team for a free quote."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."
"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."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"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."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
PayPalRecipient gets (JPY)¥978,979.30Not recommended
HSBCRecipient gets (JPY)¥1,027,779.92Not recommended
"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."
"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."
Best way to send: Wise
We tested & reviewed 15 money transfer companies offering services between Canada and Japan, and Wise scored highly.
For example, sending 10,000 CAD to JPY will cost you $55.28 in fees, and you will receive 1,057,313 JPY. The delivery time is next day, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your Canada to Japan transfer using Wise.
How to compare deals on your Canada to Japan transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from Canada to Japan.
- Choose a provider
Select the provider that offers you the best value & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Japan from Canada.
Summary of recent searches
What to consider ahead of money transfers from Canada to Japan
Comparing based on your specific needs is the best way to send money from Canada to Japan with confidence.
Our analysis, and search results, include 15 providers that operate between Canada and Japan. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Japan.
Cheapest way to transfer money from Canada to Japan: Key Currency
Data collected over the past week shows that Key Currency is 0.01% cheaper than the second-best option.
This includes the transfer fee of 0 CAD an exchange rate for buying Yen with Canadian Dollars that is 0.25% different to the mid-market rate.
If you want to secure the best rates on transfers from Canada to Japan, Key Currency will result in the most Yen received.
Fastest way to transfer money to Japan from Canada: Currencyflow.
For example, if you send $10,000 with Currencyflow to Japan now, the transfer time is minutes - 24 hours.
This can vary depending on your needs, smaller transfers to Japan are likely to arrive quicker.
When using Currencyflow to send money from Canada to Japan you can expect a fee of 0 CAD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 15 money transfer providers. To test overall speed of sending money from Canada to Japan we included the timeframe for depositing Canadian Dollar to a money transfer account and average transfer times to Japan.
When sending money to Japan from Canada quickly is a priority, Currencyflow is our recommended choice.
Send large sums of money abroad with Currencies Direct
From the 15 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Japan from Canada.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Yens to Yen.
As such, we recommend Currencies Direct for large Japan transfers.
Understanding the cost of moving money from Canada to Japan
The total cost of sending money to Japan from Canada, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for CAD-JPY is 107.0336 JPY per Canadian Dollar.
Finding a company offering an exchange rate closer to this will mean more Yen for your Canadian Dollar.
The average CAD-JPY mid-market rate for the last 7 days has been 105.8721 JPY per Canadian Dollar. This includes a high of 106.3601, and low of 105.2932.
Out of the 15 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting CAD to JPY should be the biggest determining cost factor when transferring Canadian Dollar to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Key Currency has a fee of 0 CAD per transfer (which is the cheapest option right now for a $10,000 transfer).
Although you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.
A lower cost of sending from Canada will result in more money received in Japan.
Getting the best exchange rate for Canadian Dollar to Yen
Tracking the mid-market rate can make a huge difference when sending money CAD to JPY. The exchange rate you secure impacts how much JPY you get for your CAD.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from CAD to JPY has seen some fluctuation. On average, it has been 105.8721.
During this period, the highest value level was 106.3601, with a low of 105.2932.
Wise, which is our recommended service to send money online from Canada to Japan offers an exchange rate that is only 0.02% above the mid-market rate.
Want to secure the best CAD-Yen exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Japan!
Paying for your Canada to Japan money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Canada to Japan.
By using a money transfer company such as Key Currency to send money from Canada to Japan, 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 CAD to Japan.
With a fee of CAD0 to send money from Canada to Japan, Key Currency offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Japan with a prepaid or debit card is very easy with Xe.
Xe is a great choice for sending money with a debit card from Canada to Japan. This is from the 15 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Canada to Japan there aren't that many options, mainly because it's more expensive.
If you have to, we recommend running a quick comparison to get the best deal on JPY
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 Japan and Canada.
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 Canada to Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
