Best way to send: Payoneer
We tested & reviewed 3 money transfer companies offering services between Myanmar [Burma] and Japan, and Payoneer scored highly.
In total, Payoneer appeared in 83.3% of Myanmar [Burma] to Japan searches, and was the top rated company out of 3 that support transfers into Yen.
So for a great mix of cost, speed & features, make your Myanmar [Burma] to Japan transfer using Payoneer.
How to compare deals on your Myanmar Burma to Japan transfer
Sending money from Myanmar Burma to Japan considerations
A comparison of providers offering services between Myanmar [Burma] and Japan is the easiest way to ensure the best deal.
We've compared 3 providers that offer services for sending Kyat to Japan.
This ensures you will get the best options for your transfer to Japan from Myanmar [Burma].
Whilst we rate Payoneer as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Myanmar [Burma] to Japan.
Cheapest way to send money from Myanmar [Burma] to Japan: Sokin
On average, Sokin fees were 0* MMK per transfer and customers would expect an exchange rate between MMK-JPY that is 0.5% different to the mid-market rate
Against the others tested, Sokin is 0.7% cheaper than the second-best option.
To secure a cheap way to transfer MMK to Japan, Sokin is our recommendation.
*The most common fee applied to MMK-JPY by Sokin, based on data from the past six months.
Fastest way to send money to Japan from Myanmar [Burma]: Payoneer.
In our comparison, we found Payoneer to be the fastest way to send Kyats to Yen in 83.3% of transfers. For quick transfers between MMK and JPY, Payoneer comes highly recommended.
Sending money from Myanmar [Burma] to Japan through Payoneer has an average fee of 0 MMK.
To find the fastest company, we compared 3 money transfer providers for the overall speed of sending money from Myanmar [Burma] to Japan. This was made up of depositing Kyat to a money transfer account and transfer times to Japan.
When looking for the fastest money transfer, Payoneer is our best choice for sending into Japan from Myanmar [Burma].
Sending large amounts of money
Of the 3 companies compared, Payoneer has the strongest option for large transfers from Myanmar [Burma] to Japan.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Kyat to Yen.
The Payoneer rate makes them great for large transfers between Japan and Myanmar [Burma].
Understanding the cost of moving money from Myanmar Burma to Japan
The total cost of sending money to Japan from Myanmar [Burma], 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 MMK-JPY is 0.0475 JPY per Kyat.
Finding a company offering an exchange rate closer to this will mean more Yen for your Kyat.
The average MMK-JPY mid-market rate for the last three months has been 0.0555 JPY per Kyat. This includes a high of 0.0751, and low of 0.0443.
Out of the 3 companies compared, Sokin offers the best exchange rates.
The exchange rate you receive on converting MMK to JPY should be the biggest determining cost factor when transferring Kyat to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Sokin, with a fee average of 0 MMK per transfer over the last 6 months, offers the lowest fees overall. 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 Myanmar [Burma] will result in more money received in Japan.
Getting best exchange rate for transfers between Kyat and Yen
Timing is essential for transferring money between MMK and JPY. The exchange rate you secure impacts how much JPY you get for your MMK.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from MMK to JPY has moved slightly. On average, it was 0.0555.
During this same period,there was a high of 0.0751, and a low of 0.0443.
Payoneer, which is our recommended service to send money online from Myanmar [Burma] to Japan offers an exchange rate that is only 1.45% above the mid-market rate.
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Paying for your Myanmar Burma to Japan money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Japan and Myanmar [Burma].
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 Myanmar [Burma] to Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MMK to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.