Compare ways to send money from Japan to Solomon Islands

The exchange rate determines how many JPY the recipient will get in Solomon Islands when you send Yen.

Today, the average exchange rate between Yen and Solomon Islands Dollar is 0.056. The company offering the best exchange rate is Revolut.

The JPY-SBD rate fluctuates constantly, so timing your transfer to Solomon Islands can help you save a lot of money.

Sometimes, waiting a day or two can help you get more SBD for the same amount of JPY. You can also opt for a forward contract to lock in rates between Japan and Solomon Islands.

A Bank transfer is the most cost effective option for sending money from Japan to Solomon Islands. The company offering the best Bank transfer price is Revolut.

This is 1.5% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from Japan to Solomon Islands.

If you don’t know what the key regulatory bodies for money transfers are between Japan and Solomon Islands, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from Japan to Solomon Islands. This applies when receiving money in Solomon Islands as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of JPY to Solomon Islands.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving Japan, or entering Solomon Islands.

There are different ways to receive money in Solomon Islands. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Wise is the best money transfer company for bank transfers between Japan and Solomon Islands.

And if you need cash right away, check if cash pickup is an option for transfers between Japan and Solomon Islands.

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 Revolut.

When you're sending or receiving money between Japan and Solomon Islands, you have to be ready to show some ID.

The exact documents you need might vary. Usually in Japan this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Solomon Islands.

If you're making a big transaction between Japan and Solomon Islands, a provider may ask you for proof of address or may want to know where your money comes from.

Wise is a great option for sending from Japan as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between Japan to Solomon Islands there will be tax implications to consider.

Some JPY-SBD transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Solomon Islands based on age, income and a few other elements. When in doubt, please contact a tax professional in Japan or Solomon Islands to discuss your personal circumstances.