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Companies for transfers from Japan to Mongolia
"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."
"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."
Best way to send: Wise
We tested & reviewed 2 money transfer companies offering services between Japan and Mongolia, and Wise scored highly.
In total, Wise appeared in 100% of Japan to Mongolia searches, and was the top rated company out of 2 that support transfers into Tugrik.
So for a great mix of cost, speed & features, make your Japan to Mongolia transfer using Wise.
How to send money from Japan to Mongolia
- 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 Tugrik from Japan.
- Choose a provider
Select the provider offering the best way to send to Mongolia based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Tugrik will soon be on their way to Mongolia.
Summary of recent searches
Considerations when sending from Japan to Mongolia
Comparing money transfer companies with services between Japan and Mongolia, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 2 providers providing services between Japan and Mongolia. This ensures you will get the best options when sending Tugrik to Mongolia.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Mongolia will provide a specific provider that’s best for transferring money from Japan.
Cheapest way to transfer money to Mongolia from Japan: Revolut
Of the 2 providers compared, data shows that Revolut is 1.7% cheaper than the second-best option.
The is cost is made up of an average JPY-MNT exchange rate that is 0.2% different to the mid-market rate and an average fee of 0* JPY.
If you want to secure the best rates on a JPY to Mongolia transfer, Revolut will result in the most Tugrik received.
*The most common fee applied to JPY-MNT by Revolut, based on data from the past six months.
Fastest way to transfer money to Mongolia from Japan: Wise.
Through our data, we found Wise to be the fastest option for sending money from Japan into Tugrik in 92.9% of occasions. For fast JPY to MNT money transfers, Wise comes highly recommended.
Japan to Mongolia transfers with Wise have an average fee of 233,803.85 JPY.
To test that Wise was the 'fastest' option we compared 2 providers. With this, we compared overall speed of sending money from Japan to Mongolia made up of depositing Yens, to a money transfer account and transfer times to Mongolia.
When sending at speed is a priority, Wise is our recommended choice for sending into Mongolia from Japan.
Transfer a large sum of money
From 2 money transfer companies compared, Wise is the best option for large transfers from Japan to Mongolia.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Japan to Mongolia can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to Mongolia from Japan because they offer a strong service and competitive exchange rates.
Understanding the costs involved when moving money from Japan to Mongolia
The total cost of money transfers to Mongolia 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-MNT is 22.8217 MNT per Yen.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Tugrik for your Yens.
On average for the last three months, the JPY-MNT mid-market rate has been 22.3381 MNT per Yen. This hit a high of 24.0708, and a low of 21.4216.
From the 2 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 MNT.
Fees: Some money transfers between Japan and Mongolia will be subject to fees. Revolut 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 Tugrik eventually received in Mongolia.
This number should guide you, as a higher amount of money received in Mongolia means a better overall cost of sending money from Japan.
Tracking the exchange rate for Yen to Tugrik
Getting a better exchange rate between JPY and MNT can make a huge difference to the overall cost of sending money.
Over the last six months, between Japan and Mongolia, the average numbers are:
JPY to MNT saw an average 22.3381 MNT mid-market rate.
The highest point was 24.0708 MNT, while the lowest was 21.4216 MNT.
2 providers are currently offering transfers between Japan and Mongolia.
Want to secure the best JPY-Tugrik 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 Mongolia!
Funding your Japan to Mongolia money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from Japan to Mongolia.
By using a money transfer company such as Revolut for transfers from Japan to Mongolia, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Revolut is the cheapest way to send money via a bank transfer. This is of the 2 companies we tested when sending JPY to Mongolia.
With an average fee of 0 JPY to send money from Japan to Mongolia, Revolut offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Japan to Mongolia with a debit or a prepaid card is easy with Wise.
Wise is a leading money transfer company for debit card payments, and offers transfers from Japan to Mongolia.
Credit cards
When it comes to sending money with a credit card from Japan to Mongolia, is our top choice of the 2 companies offering this service.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, 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 Mongolia 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 Mongolia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send JPY to MNT.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
