Compare today's JPY to PHP (Japanese Yen to Philippine Peso) exchange rates
📈 Japan to Philippines Money Transfer Snapshot Today
- Best JPY to PHP exchange rate today: PHP 0.3757, offered by Panda Remit
- Number of money transfer providers compared: 12
- Exchange rate range: PHP 0.3028 to PHP 0.3757
- Potential savings on JPY 1000: PHP 72.90
- Number of deals and promo codes: 3
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real JPY to PHP exchange rate before providers add their margin or fees. exchange rate: 1 JPY = PHP 0.3757 (Updated about an hour ago)
See detailed Japan to Philippines money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 New! Cash pickup available
📢 Special exchange rate applied for first transfer
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's JPY-PHP exchange rates mean for you
Compare today's JPY-PHP exchange rates and send money from Japan to Philippines after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 12 providers that you can rely on for Japan to Philippines money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Japan to Philippines Providers
🥇 Panda Remit with 1 JPY = 0.3757 PHP (best JPY to PHP exchange rate today).
🥈 Regency FX offering 1 JPY = 0.3750 PHP.
🥉 Key Currency & Instarem are also providing good FX rate today.
The exchange rate provided by these 12 providers ranges from PHP 0.3028 to PHP 0.3757. For a JPY 1000 money transfer from Japan to Philippines, that could mean up to PHP 72.90 saved on FX alone.
JPY-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final PHP payout that your recipient gets in Philippines.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Japan to Philippines remittances.
🔄 Looking for the reverse corridor? Send money from Philippines to Japan instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Japan.
👇 We also suggest looking beyond today's JPY-PHP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst JPY-PHP exchange rate is crucial, historical data shows that transfer fees, JPY amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Japan to Philippines historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your PHP payout.
Data-driven cost insights for Japan to Philippines money transfers
When you send money internationally from Japan to Philippines, the key factors that will influence the overall cost of your transaction are:
- JPY-PHP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum PHP payout for your overseas recipient in Philippines.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Japan to Philippines, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Japan to Philippines money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 764 actual Japan to Philippines money transfers handled by 21 providers over the last 5 years (for a JPY 17000 remittance benchmark).
This data-driven approach using real JPY-PHP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Japan to Philippines money transfers
- Average total cost: 6.74% (range 0.26% to 46.08%, spread 45.82 percentage points)
- Potential payout difference: On a JPY 17000 transfer, the above variation can save you up to JPY 7,789.40.
- Average FX markup: 1.11% (range -1.80%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 4.41%, spread 6.21 percentage points) - Average transfer fee: JPY 956.24 (range JPY 0.00 to JPY 7,500.00)
- Cheapest payment/delivery method combo: Credit Card → Cash Pickup (3.72% avg cost); most expensive is Cash → Cash Pickup (7.52%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 3.80% (JPY 645.78 on JPY 17000 transfer).
- Market coverage: ~21 providers on average (competition level: highly competitive)
- Average speed: About 31 hours (~1.3 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Japan to Philippines money transfers.
📈 JPY to PHP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Japan to Philippines money transfers is usually the single biggest factor that will determine your overall JPY cost and your recipient's PHP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a JPY 17000 money transfer benchmark, we see the following FX markup ranges for Japanese Yen to Philippines transfers:
- Average markup: 1.11%
- Median markup: 0.96%
- Lowest markup: -1.80%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 4.41%
That is a spread of 6.21 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a JPY 17000 transfer, the above markup range is equivalent to roughly PHP 1,055.70 purely from differences in the exchange rate. That incremental saving increases to PHP 2,608.20 for a JPY 42000 transfer.
🛠️ How to use this insight: When comparing providers for Japan to Philippines remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
JPY to PHP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Japan to Philippines remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Japanese Yen reaches your recipient in Philippines.
Based on data from last 5 years, we notice the below about Japanese Yen to Philippines money transfer fees:
- Average fee: JPY 956.24
- Median fee: JPY 750.00
- Lowest fee: JPY 0.00
- Highest fee: JPY 7,500.00
The average fee amount of JPY 956.24 noted above represents 5.62% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by JPY 7,500.00.
🛠️ How to use this insight: For your next money transfer from Japan to Philippine Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for JPY-PHP remittances
Based on our detailed analysis of historical Japan to Philippines data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Philippines from Japan:
- Credit Card: 3.72%
- Debit Card: 5.32%
- Bank Account Transfer: 6.75%
- Cash: 6.86%
That is a total spread of 3.14 percentage points.
This means that on a JPY 17000 transfer, you could save up to JPY 533.26 simply by choosing the best priced payment method.
These savings will only multiply for higher JPY amounts.
Here is the average cost of popular delivery methods used to send money from Japan to Philippines:
- Mobile Wallet: 4.69%
- Cash Pickup: 6.48%
- Bank Deposit: 7.04%
The cost difference between the above delivery methods is 2.35 percentage points.
Once again, this means that you could save up to JPY 399.62 on a JPY 17000 transfer to Philippines by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of Japan payment methods and Philippines delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Japan to PHP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Cash Pickup | 3.72 |
| Bank Account Transfer | Mobile Wallet | 4.55 |
| Debit Card | Cash Pickup | 4.87 |
| Cash | Mobile Wallet | 5.53 |
| Bank Account Transfer | Cash Pickup | 5.79 |
| Cash | Bank Deposit | 6.15 |
| Debit Card | Bank Deposit | 6.37 |
| Bank Account Transfer | Bank Deposit | 7.45 |
| Cash | Cash Pickup | 7.52 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these JPY-PHP payment and delivery options is significant. Here are some observations:
- Credit Card → Cash Pickup has the lowest average cost at 3.72%.
- Cash → Cash Pickup has the highest average cost at 7.52%.
- Credit Card → Cash Pickup average cost is 3.80 percentage points lower than that of Cash → Cash Pickup.
- This means that on a JPY 17000 money transfer, you could save up to JPY 1,278.74 simply by choosing the best payment and delivery method combo.
- Further, on a JPY 42000 money transfer, the savings increase to JPY 3,159.24.
Here is a quick summary of the average historical cost of various payment and delivery methods for JPY to Philippines money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Credit Card averaged 3.72%, compared to 6.86% for Cash, a difference of 3.14 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 4.69%, compared to 7.04% for Bank Deposit (2.35 percentage points higher).
- Cheapest combo: Credit Card → Cash Pickup averaged 3.72%, which is 3.80 percentage points lower than Cash → Cash Pickup (7.52%).
🛠️ How to use this insight: As you compare money transfer providers for your next Japan to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Japan to Philippines remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for JPY-PHP remittances?
When we compared Japan banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 4.13 percentage points more on average than money transfer providers for Japan to Philippines remittances.
This means banks tend to be approximately 1.73x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | JPY 1,351.68 | JPY 818.85 | JPY 532.82 |
| Exchange rate markup | 1.85% | 0.86% | 0.99 pp* |
| Average total cost (%) | 9.80% | 5.68% | 4.13 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Japan may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Japan, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of JPY-PHP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending JPY 17000 vs JPY 42000 from Japan to Philippines.
We found that sending a higher amount (JPY 42000) tends to be cheaper - average cost drops from 6.74% to 4.05%, a reduction of 2.69 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Japanese Yen amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Japan to Philippines remittance market?
Based on data from the last 5 years, JPY-PHP money transfers are provided on an average by 21 remittance companies. With around 21 providers serving this market, we consider the level of competition to be highly competitive.
Traditional banks have represented only 19% of active providers in this corridor (4 out of 21), meaning money transfer companies make up the majority.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Japan to Philippines remittances.
⏱️ How fast are JPY-PHP money transfers?
If your recipient in Philippines needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Japan to Philippines transfers when it comes to processing time:
- Average transfer time: About 31 hours (~1.3 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at JPY 17000: About 31 hours (~1.3 days).
- Average speed at JPY 42000: About 31 hours (~1.3 days).
Banks vs money transfer providers speed comparison: Banks take 10 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Japan to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Philippines.
Japan to Philippines transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Japan to Philippines money transfers
These FAQs use data from RemitFinder's historical analysis of Japan to Philippines money transfers over several years.
What factors affect the total cost of sending money from Japan to Philippines?
The total cost of your JPY-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Japan to Philippines transfers?
Historical JPY to PHP exchange rate markup ranges from -1.80% to 4.41%, a spread of 6.21 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can JPY-PHP exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative JPY-PHP exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Japan to Philippines transfers?
Exchange rate markup ranges from -1.80% to 4.41% (a spread of 6.21 percentage points).
Transfer fees range from JPY 0.00 to JPY 7500.00, which equals roughly 44.12% on a JPY 17000.00 transfer.
At both JPY 17000.00 and JPY 42000.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Japan to Philippines transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger JPY amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your JPY.
How much can Japan to Philippines transfer costs vary between providers?
Historical transfer cost ranges from 0.26% to 46.08% for JPY transfers to Philippines. That is a spread of 45.82 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -1.80% to 4.41% (a spread of 6.21 percentage points). Thus, even small differences in FX margin can have a big impact on the final PHP payout.
Why do various money transfer providers price JPY to Philippines transfers differently?
If you send the same Japanese Yen amount to Philippines via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final PHP payout in Philippines in a big way.
How stable are transfer costs in the Japan to Philippines corridor?
When we analyzed the historical total cost for JPY-PHP transfers, we observed a range from 0.26% to 46.08% (45.82 percentage points difference), along with a variability (standard deviation) of 4.56%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -1.80% to 4.41% (6.21 percentage points difference), with a standard deviation of 0.88%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your JPY-PHP transfers.
Which payment method is cheapest for Japan to Philippines remittances?
Credit Card is the cheapest payment method in Japan based on its average cost at 3.72% (compared to Cash at 6.86%, a difference of 3.14 percentage points).
Based on this, we recommend paying for your JPY transfer with Credit Card, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Japan to Philippines transfers?
Credit Card is cheaper on average when sending money to Philippines from Japan since it costs 5.32% (compared to 3.72% for Credit Card payments, a difference of 1.59 percentage points).
As a result, we recommend that you avoid paying for your transfer to Philippines with a Credit Card.
Which delivery method is cheapest for JPY-PHP money transfers?
Mobile Wallet is the cheapest delivery method in Philippines as it costs 4.69% (compared to Bank Deposit at 7.04%, a spread of 2.35 percentage points).
If your recipient in Philippines can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for JPY-PHP transfers.
Is Bank Deposit cheaper than Cash Pickup for Japan to Philippines transfers?
Cash Pickup is cheaper for transfers to Philippines given its 7.04% average cost (versus 6.48% for Cash Pickup, a difference of 0.57 percentage points).
To save more, consider choosing the cheapest delivery option for Philippines.
What is the cheapest way to send money from Japan to Philippines?
We evaluated 9 payment and delivery method combinations for Japan to Philippines remittances.
Based on historical data, Credit Card → Cash Pickup is the cheapest combination with 3.72% cost.
At the other end of the spectrum, Cash → Cash Pickup is the most expensive combination at 7.52% cost. That is a difference of 3.80 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Japan to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your JPY-PHP transfers.
Does sending more money reduce the cost for Japan to Philippines transfers?
Larger JPY-PHP transfers are cheaper on average.
The cost of a JPY 17000 transfer averages 6.74% as compared to 4.05% for a JPY 42000 transfer, a difference of 2.69 percentage points.
How long does it take to send money from Japan to Philippines?
Based on our analysis, the average transfer time for JPY-PHP transfers is 31 hours (~1.3 days), with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Japan to Philippines?
Yes, historical data shows that some transfers to Philippines from Japan can complete in less than one hour.
Note that the actual speed of your JPY-PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Japan to Philippines?
Banks in Japan are more expensive than money transfer providers.
The average cost of banks is 9.80% compared to 5.68% for money transfer providers in Japan, a difference of 4.13 percentage points.
Why do banks charge more for Japan to Philippines transfers?
Bank transfers in Japan cost 9.80% compared to 5.68% for money transfer companies.
The difference is often due to the fact that banks in Japan provider lower exchange rates and charge high wire transfer fees.
How competitive is the Japan to Philippines remittance market?
Based on historical data, the competition level in Japan to Philippines is considered highly competitive with 21 active providers.
Money transfer providers represent about 81% of identified providers in Japan.
Do I risk overpaying if I do not compare providers for Japan to Philippines?
Historically, total JPY-PHP transfer cost has varied by 45.82 percentage points. On a JPY 17000 transfer, that can translate to JPY 7789.40 in savings.
JPY-PHP exchange rate markup also varies across providers. The average markup spread has been about 6.21 percentage points. On a JPY 17000 transfer, that could be JPY 1055.70 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about JPY 7500.00 across providers.
That is why comparing providers can materially change how much of the JPY you send does your recipient receive in Philippines in Philippines.
Latest JPY to PHP Conversion Rates
Here are some latest JPY to PHP (Japanese Yen to Philippine Peso) exchange rates for popular conversion amounts*.
| 1 JPY | 0.38 PHP |
| 5 JPY | 1.88 PHP |
| 10 JPY | 3.76 PHP |
| 25 JPY | 9.39 PHP |
| 50 JPY | 18.79 PHP |
| 100 JPY | 37.57 PHP |
| 150 JPY | 56.36 PHP |
| 200 JPY | 75.14 PHP |
| 250 JPY | 93.93 PHP |
| 300 JPY | 112.71 PHP |
| 400 JPY | 150.28 PHP |
| 500 JPY | 187.85 PHP |
| 600 JPY | 225.42 PHP |
| 700 JPY | 262.99 PHP |
| 800 JPY | 300.56 PHP |
| 1000 JPY | 375.70 PHP |
| 1500 JPY | 563.55 PHP |
| 2000 JPY | 751.40 PHP |
| 2500 JPY | 939.25 PHP |
| 3000 JPY | 1,127.10 PHP |
| 4000 JPY | 1,502.80 PHP |
| 5000 JPY | 1,878.50 PHP |
| 10000 JPY | 3,757.00 PHP |
| 15000 JPY | 5,635.50 PHP |
| 20000 JPY | 7,514.00 PHP |
| 30000 JPY | 11,271.00 PHP |
| 40000 JPY | 15,028.00 PHP |
| 50000 JPY | 18,785.00 PHP |
| 100000 JPY | 37,570.00 PHP |
*Based on the Mid-market Exchange Rate
1 Based on 764 pricing observations across 21 firms over the last 5 years for a JPY 17000 money transfer from Japan to Philippines. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Japan to Philippines remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.