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The AUD/JPY FX rate is a popular currency pair among traders and investors. It's influenced by the interest rate differentials between Australia and Japan.
The AUD/JPY FX rate can be volatile, with a high degree of liquidity. This makes it an attractive option for traders looking to buy or sell the pair.
Transfer options for AUD/JPY FX rates include bank transfers, online money transfer services, and specialized currency transfer companies. These services often come with varying fees and exchange rates.
The best transfer option for you will depend on your specific needs and circumstances.
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Exchange Rates
The AUD/JPY exchange rate is a crucial factor to consider when converting your Australian dollars to Japanese yen. You can get today's best AUD/JPY exchange rates with a user-friendly app that offers great rates on conversions from AUD to JPY.
Live exchange rates can change frequently, so it's essential to check them before your transfer. Wise's AUD to JPY exchange rate is 97.0364, but remember that exchange rates change all the time.
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To get the best available deal, compare the Wise exchange rate with other providers. A comparison table can help you check and compare the Wise exchange rate conveniently.
The mid-market exchange rate is the rate used on global wholesale markets. Wise offers customers the mid-market exchange rate with no mark-up added for this conversion, just a small, transparent fee.
The live AUD to JPY exchange rate is 97.0364, which is the mid-market exchange rate. This rate can be affected by various factors, including economic indicators, geopolitical events, and central bank decisions.
Here are some key factors that can impact the AUD to JPY exchange rate:
- Economic indicators, such as GDP growth, inflation, and interest rates
- Geopolitical events, such as elections and trade agreements
- Central bank decisions, such as interest rate changes
The AUD/JPY rate has been down -2.44% in the six months, meaning the Australian Dollar has decreased in value compared to the Japanese Yen.
Conversion and Transfer
Converting AUD to JPY can be done through various methods, including online money transfer providers like Western Union and Revolut, which offer strong exchange rates and lower fees. These providers support a wider range of currencies.
If you prefer to use a physical location, you can visit a currency exchange store like Travelex or Travel Money Oz, which have locations in major cities across Australia. However, keep in mind that these stores may not offer the best deal.
You can also transfer money through your bank, but be aware that their markup can range from 3% to 6%. For example, a transfer of $2500 AUD to Japan costs $13.19 AUD with Wise, which includes a fee and uses an exchange rate of 97.0364.
To send money to Japan with Wise, you can log into your account online or in the Wise app, navigate to the Send Money pages, and follow the prompts to fund the payment. Here are the steps to send money to Japan with Wise:
- Log into your account with Wise, or register if you’re a new customer
- Online or in the Wise app, navigate to the Send Money pages
- Enter the amount in AUD you want to send, or the amount in JPY that the recipient should get in the end
- Add the recipient details and follow the prompts to fund the payment - your money will be sent and deposited in your recipient’s account directly
Conversion Methods
Converting your Australian dollars to Japanese yen can be done in a few ways.
Online money transfer providers like Western Union and Revolut offer strong exchange rates and lower fees. They also support a wider range of currencies, making them a convenient option.
Currency exchange stores like Travelex and Travel Money Oz have locations in major cities in Australia, but they may not give you the best deal when buying Japanese currency.
Bank transfers are another option, but be aware that most Australian banks have a markup on currency exchange, ranging from 3% to 6%.
You can send money to Japan with online money transfer providers like Wise. They allow you to send money online or through their app, making the process convenient and straightforward.
Here's a comparison of the conversion methods:
Wise Currency Conversion Fee
Wise currency conversion fee is 13.19 AUD for converting AUD to JPY. This fee can vary based on the amount you're exchanging and market conditions.
You can expect to pay a conversion fee of $13.19 AUD when sending $2500 AUD to Japan with Wise. This includes the fee and uses an exchange rate of 97.0364.
The Wise exchange rate for AUD to JPY is 97.0364, which is the same as the mid-market rate. This means Wise offers customers the mid-market exchange rate with no mark-up added for this conversion, just a small, transparent fee.
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Wise's transparent fee is a small price to pay for the convenience of converting your AUD to JPY online or in the Wise app. To send money to Japan with Wise, you'll need to log into your account, navigate to the Send Money pages, enter the amount in AUD, and follow the prompts to fund the payment.
Here's a summary of the Wise currency conversion fee:
Keep in mind that exchange rates change all the time, so it's a good idea to check the Wise website or app for the latest rate before converting your AUD to JPY.
Frequently Asked Questions
Is AUD going up against yen?
No, the Australian dollar has actually decreased against the yen, with a -1.193% change since yesterday.
What is the mid market rate for AUD to JPY?
The mid market rate for converting Australian dollars (AUD) to Japanese yen (JPY) is 98.12270. This rate is used by Wise for all currency conversions.
Is Audjpy buy or sell?
The AUDJPY technical rating is currently strong sell, but market stability is uncertain. Consider further research for a more informed decision.
Sources
- https://www.forexlive.com/terms/a/aud-jpy/
- https://www.finder.com.au/international-money-transfers/currency-exchange-rates/aud-jpy-exchange-rate
- https://www.thecurrencyshop.com.au/compare/wise-aud-to-jpy-exchange-rate
- https://primexbt.com/price-chart/currencies/aud-jpy
- https://www.exchange-rates.org/exchange-rate-history/aud-jpy
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