How to send money to Myanmar Burma from Japan with the best JPY-MMK rate

The exchange rate determines the price you’ll pay for Kyat when sending Yen to Myanmar [Burma].

The rate between the Yen and Kyat is currently 14.2431. Wise offers the best exchange from JPY-MMK.

The JPY-MMK exchange rate is always moving.

Sometimes, waiting a day or two can help you get more MMK for the same amount of Yen. Using a forward contract that also allows you to lock in an agreed exchange rate between Japan and Myanmar [Burma].

Sending money via a bank transfer is the recommended option for sending money from Japan to Myanmar [Burma].

The company offering the best bank transfer price is Wise.

This bank transfer to Myanmar [Burma] is 0% cheaper than the second-best option in the market.

Japan and Myanmar [Burma] have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between Japan and Myanmar [Burma].

Some services between Japan and Myanmar [Burma] have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Myanmar [Burma] as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Myanmar [Burma], use Wise. The combination of rates and fees when sending from Japan to Myanmar [Burma] is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Japan, or entering Myanmar [Burma]. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Kyat in Myanmar [Burma]. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Japan to Myanmar [Burma] will offer every method for incoming Kyat, so it’s best to check ahead of time.

One of the more common ways to transfer from Japan into Kyat is directly into a bank account. Wise is the best company for bank transfers between Japan and Myanmar [Burma].

And if you need cash right away, check if cash pickup is an option for transfers between Japan and Myanmar [Burma].

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When signing up to and sending Yen to Myanmar [Burma], through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Japan this will be a government issued ID such as a passport or driver's license. In Myanmar [Burma] it will be similar, although this should only be needed if you are opening a new account in Myanmar [Burma], or collecting in cash. Sending to an existing bank account in Myanmar [Burma] shouldn’t require any additional ID checks.

Large transactions between Japan and Myanmar [Burma], are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to Myanmar [Burma] is their easy sign up process in Japan.

When sending large amounts of money between Japan and Myanmar [Burma] there will potentially be a tax declaration to consider.

Some transfers into Kyat may need to be reported to tax authorities in Myanmar [Burma], particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Myanmar [Burma] based on age, income and a few other elements. When in doubt, please contact a tax professional in Japan or Myanmar [Burma] to discuss your personal circumstances.