Canadian Dollar to Japanese Yen (CAD/JPY) Exchange Rate Today
Stability pairToday's rate, how it compares to the last 30 days, and what you'll actually pay to convert.
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CAD to JPY Conversion Table
Common amounts converted from Canadian Dollar to Japanese Yen at today's rate.
| Canadian Dollar (CAD) | Japanese Yen (JPY) |
|---|---|
| 1 CAD | — |
| 5 CAD | — |
| 10 CAD | — |
| 25 CAD | — |
| 50 CAD | — |
| 100 CAD | — |
| 250 CAD | — |
| 500 CAD | — |
| 1,000 CAD | — |
| 5,000 CAD | — |
| 10,000 CAD | — |
| 50,000 CAD | — |
How much Japanese Yen will you actually receive?
Estimated cost to convert CAD 1,000 to JPY with different transfer services. Fees are sourced from published pricing pages and may vary by amount, payment method, and destination.
| Service | Rate | Fee | Total Cost | JPY received |
|---|---|---|---|---|
| Mid-market rate | — | - | - | — |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| — | — | — | — | |
| Typical bank Mar 2026 | — | — | — | — |
| Bureau de change Mar 2026 | — | — | — | — |
Some links are affiliate links and may earn us a commission at no extra cost to you. This does not affect our ranking - we sort by lowest total cost to you. Fees are estimates based on published pricing and may differ from your actual quote.
Japanese Yen is a safe-haven currency
Japanese Yen tends to strengthen during periods of global market stress. If you are converting Canadian Dollar to Japanese Yen, be aware that the rate may have already shifted by the time uncertainty hits the news. For planned expenses, converting when markets are calm typically gets you a better rate.
CAD/JPY rate statistics
Is today's CAD/JPY rate good or bad?
We compare today's live Canadian Dollar to Japanese Yen mid-market rate against its 30-day and 52-week trading range. When the rate is near the top of its recent range, CAD holders get more Japanese Yen per unit - a better time to convert. When it is near the bottom, you may want to watch and wait.
The Japanese yen is a safe-haven currency - it tends to strengthen during global market stress. Japan's ultra-low interest rate policy means the yen is often used as a funding currency, which amplifies its volatility during risk-on/risk-off shifts.
The live analysis below updates throughout market hours and shows exactly where today's rate sits in context.
What is the CAD/JPY exchange rate?
The CAD/JPY rate tracks how many Japanese Yen one Canadian Dollar buys. A pair linking energy markets and safe-haven flows. CAD strengthens with rising crude oil prices while JPY tends to strengthen during risk aversion. The result is a pair that often tracks global energy sentiment.
CAD is issued by the Bank of Canada (BOC) (ranked 8th globally - meaning it's the 8th most bought and sold currency in the world). JPY is issued by the Bank of Japan (BOJ) (ranked 3rd). Full CAD profile | Full JPY profile
What drives this rate? Oil prices and Bank of Canada policy (CAD side) vs safe-haven demand and Bank of Japan policy (JPY side). The pair tends to rise when energy markets are strong and risk appetite is high.
Is today's CAD/JPY rate good or bad?
The Canadian Dollar to Japanese Yen mid-market rate shown above is the reference price before any provider adds fees or markup. It is not a guaranteed quote - your bank, card issuer, or transfer service will offer a different rate that includes their margin.
On a typical conversion, banks add 2-4% to this rate. The gap between the mid-market rate and what you actually receive is the real cost of converting - often larger than any flat fee. Use the mid-market rate on this page as your benchmark, then compare what your bank or transfer provider actually delivers.
Converting Canadian Dollar to Japanese Yen? Read this first
Converting to Yen? Japan remains largely cash-based for everyday transactions. Budget for more cash than you would in Europe or the US. 7-Eleven ATMs accept most foreign cards. Bureau de change in Japan are surprisingly competitive compared to other countries.
Watch out: The CAD/JPY rate moves 24 hours a day on weekdays. If you are converting a meaningful amount, compare providers using the mid-market rate on this page as your benchmark.
Did you know?
- Canada's two-dollar coin is called the 'Toonie' - a portmanteau of 'two' and 'Loonie' (the one-dollar coin). It was introduced in 1996.
- Despite being a major global currency, physical cash still accounts for about 20% of transactions in Japan - far higher than most developed nations.
Frequently asked questions
Is now a good time to convert CAD to JPY?
Timing a currency conversion depends on your personal circumstances and risk tolerance rather than any single 'right' moment. Check the rate panel above to see where CAD/JPY stands relative to recent ranges, then consider whether you need the yen for near-term expenses or can wait for shifts in interest rate differentials between the Bank of Canada and Bank of Japan.
Factors to monitor include Bank of Canada monetary policy decisions, Japanese inflation data, and broader commodity prices that affect the Canadian dollar.
What moves the CAD/JPY exchange rate?
The CAD/JPY pair responds to interest rate differentials between the Bank of Canada and Bank of Japan, energy prices (particularly oil, a major Canadian export), and risk sentiment in global markets. When investors flee to safety, the Japanese yen typically strengthens as Japan runs persistent trade surpluses and maintains deep capital markets, while the Canadian dollar weakens if commodity demand falls.
Economic data releases from both nations - employment reports from Canada, inflation figures from Japan, and central bank policy shifts - create significant movement in this cross-rate.
Will Canadian Dollar get stronger or weaker against Japanese Yen?
Exchange rates are shaped by countless variables and central bank decisions that shift constantly, making reliable directional forecasts impossible. The chart above shows how CAD/JPY has traded historically, which can help you identify patterns, but future movement depends on unpredictable factors: Bank of Canada rate changes, Bank of Japan policy normalization, crude oil price swings, and shifts in global risk appetite.
Review the data available on this page and consult with a financial advisor who understands your specific needs before making any conversion decision.
How can I avoid fees when converting CAD to JPY?
Compare the all-in cost across providers - banks typically charge wider spreads and explicit fees than online currency platforms and specialist money transfer services. Ask each provider for their full fee breakdown including margin on the exchange rate, not just advertised commissions, since hidden markups often exceed stated charges.
For larger conversions, negotiating directly with your bank or using peer-to-peer transfer platforms may yield better rates than retail channels, though minimums and timing constraints vary by service.
Should I exchange Japanese Yen at home or abroad?
Exchanging yen in Canada before travel typically offers poorer rates than obtaining yen after arrival in Japan, where competition among money changers and ATM networks is greater. Your bank in Canada will quote a less competitive rate and charge fees upfront, while Japanese ATMs and exchange services in Tokyo or other major cities often provide tighter spreads.
Consider withdrawing yen via a no-fee ATM abroad or using a credit card with no foreign transaction charges, since these methods often beat advance currency purchases made at home.
How far does Canadian Dollar go in Japan?
The purchasing power of your Canadian dollars in Japan depends on the current CAD/JPY rate shown in the panel above and your spending patterns in Tokyo, rural areas, or regional cities. Rural prefectures and smaller towns offer lower prices than central Tokyo, where rents, restaurants, and retail carry premium costs comparable to major Canadian cities.
Budget roughly 40 - 50 percent less for groceries and local transit in Japan than in urban Canada, though imported goods and luxury items cost more; your actual experience varies by region and personal consumption choices.
What is the cheapest way to send CAD to JPY?
Bank wire transfers typically carry explicit fees but transparent exchange rates, while specialized remittance services like Wise, OFX, or similar platforms often cost less overall through tighter margins and lower fixed charges. Peer-to-peer transfer platforms and international money brokers may offer competitive rates for larger sums, though they vary by transfer size and destination.
Compare the total cost across at least three providers using your exact transfer amount, since pricing structures differ widely and promotional rates frequently shift.
Is Japanese Yen a safe-haven currency?
Yes - the Japanese yen is classified as a safe-haven asset because Japan maintains large foreign exchange reserves, runs persistent current account surpluses, and possesses deep, stable capital markets that attract flight-to-safety flows during global uncertainty. The Bank of Japan's institutional credibility and Japan's low external debt further reinforce this status, meaning the yen typically appreciates when equity markets fall or geopolitical tensions rise.
During crises, investors often convert other currencies like the Canadian dollar into yen, which can move the CAD/JPY rate sharply weaker despite Canada's own relative economic stability.
Learn more
- Bank of Canada - Exchange Rates - Official daily rates
- Bank of Japan - Daily FX Rates - Official BOJ exchange rate data
How this rate is calculated
We prefer a direct rate from our primary data source when one is available. If a direct quote is unavailable, we compute a cross-rate through a major intermediary currency (usually USD or EUR). When a rate is derived rather than directly quoted, we label it on the page. Full methodology.