CAD to JPY

CAD to JPY: rate, costs and context

This page tracks the exchange rate between Canadian Dollar (CAD) and Japanese Yen (JPY), together with what real providers charge to convert one into the other. As of October 30, 2026, 1 CAD equals 112.5891 JPY, while 1 JPY comes to 0.00888186 CAD.

That headline number is the mid-market rate, sometimes called the interbank rate. It sits exactly halfway between the buying and selling prices on the wholesale market. Think of it as a neutral benchmark: it contains no profit margin and no fees, so you rarely get it as a private customer.

What ends up on the JPY side comes down to two separate costs: the margin a provider adds to that rate and the fee you see on the order screen. In the sections below we take those costs apart, put them side by side and list practical steps to lose less on the exchange when you swap Canadian Dollar for Japanese Yen.

Exchange rate markup and fees on CAD/JPY

Most providers do not convert at the mid-market rate itself. Instead they offer a rate that is a little less favourable and earn on the difference. People call this the exchange rate margin. If the margin is 2%, then about 2 out of every 100 CAD never reach the recipient.

On top of the margin, many providers ask for a separate fee. This is usually a flat charge per payment, a percentage of the amount or both at once. For transfers sent through the banking network the receiving or intermediary bank sometimes deducts a charge too, which shrinks the amount that finally arrives.

Look twice at anything sold as commission-free. Free usually means the price is built into the exchange rate. The only fair way to compare is how much JPY the recipient ends up with for exactly the same sum, which is how the table above is sorted.

Where you pay with CAD and JPY

Canadian Dollar is the currency of Canada. Japanese Yen is what people pay with in Japan. This matters when you plan a trip, pay an invoice or send money to family.

There are plenty of everyday reasons to convert CAD to JPY: rent or a mortgage abroad, tuition fees, a salary paid in another currency, savings or a holiday. What suits one case may not suit another: a single big transfer calls for the best rate, while frequent smaller payments are more sensitive to fixed fees.

Payout methods vary from country to country. Account formats differ: IBAN in one place, account and routing numbers in another, and in some places mobile wallets or cash collection are widely used. Check which details the provider needs before you start.

Recent movement in the CAD/JPY rate

Compared with a year ago, the CAD/JPY rate has changed by +2.19%. Within those twelve months the highest level was 116.9627 JPY for one CAD, while the low point came in at 108.5231. At 112.5891, the rate today sits somewhere inside that range.

That range between high and low shows how much the rate can move in practice. On a large conversion, the moment of conversion matters in actual money, even when the fee stays the same.

The rate reflects news, economic data and supply and demand on the market. The statistics here are historical, not a forecast. If you are waiting for a particular level, a rate alert is a calmer option than trying to predict the market.

How to get a better CAD to JPY rate

Compare the total cost, not the fee alone. A small fee on its own says little if the rate is poor. The number that matters is the JPY amount after every cost, which combines the markup and the fee.

When you pay by card abroad, you may be asked whether to pay in CAD or in the local currency. That option is known as dynamic currency conversion, or DCC. It tends to be among the most expensive ways to convert. Always opt to pay in the local currency and let your own card provider do the conversion.

Watch the timing as well. At weekends, with the wholesale market shut, some services add an extra buffer to the rate. If you are not in a hurry, a rate alert or limit order lets you convert automatically once CAD/JPY reaches a level you choose. It takes the guesswork out, but there is no guarantee the rate will get there.

The payment method matters as well. A credit card may be treated as a cash advance by your card issuer, while a regular bank transfer to the provider is usually the cheapest way in. Combining several small payments into one larger transfer reduces what you pay in flat fees.

Larger transfers: what to check first

Check the provider’s licence first. Look for authorisation from the FCA in the UK or the financial regulator in your own country. Licensed payment firms must keep customer money separate from their own and that offers protection if the company fails.

Verify every detail of the recipient. An international payment is hard to reverse once it is sent. Be suspicious if someone urges you to pay quickly or suddenly changes bank details: confirm by phone using a number you already know.

Big sums usually trigger extra verification. Have documents ready that show where the money came from, such as a payslip, sale agreement or bank statement. Some services offer better rates or a personal contact for larger transfers. A rate lock, where offered, removes uncertainty while the money is on its way.

SWIFT versus local payout for CAD to JPY

With a classic international transfer, the bank sends the payment over the SWIFT network. The money can pass through one or more correspondent banks, sometimes taking a fee at each step. Expect anything from one to a few working days, and the final deduction is often only visible afterwards.

Dedicated providers take another route. They have local accounts on both sides, so your CAD stays in the CAD system and the recipient is paid in JPY from a local account. The result tends to be quicker and less expensive, with the final JPY amount fixed upfront.

Delivery time depends on several factors: how you pay, the time of day, cut-off times and bank holidays in both countries. The very first payment may be slower as the provider completes its checks. Get verified before you need to send when a deadline is involved.

Why we compare total cost

Every calculation begins with the mid-market rate of 112.5891. We then apply each provider’s published fees and exchange rate margin, and work out how much JPY the recipient would end up with. We do this for 8 providers, so you can see the differences at a glance.

The figures refresh every half hour, so the page reflects the market of October 30, 2026. The final price is always set by the provider itself, and it can differ slightly from our calculation, especially when markets are busy.

No bank, app or exchange owns GoldexPay. Some of the links are affiliate links. The order is never affected by them: the provider that delivers the most JPY comes first, whether or not we have a link to it.

A worked example with 1,000.00 CAD

Let’s use an amount of 1,000.00 CAD. At the mid-market rate of 112.5891, that marks the theoretical maximum of what the recipient could get. In practice nobody hands over that full amount, because margins and fees come off first.

Of the 8 providers we compared, Revolut delivered the most and paid out 112,026.11 JPY after all costs. The difference between that figure and the mid-market amount shows the true cost, fees and margin combined.

Keep in mind that a different amount can produce a different winner. Fixed fees weigh heavily on small sums, whereas a percentage margin grows along with the amount. Try your actual amount in the calculator above to see the ranking that applies to you.