JPY to PHP today: Japanese yen to Philippine peso
100 yen = ₱39.69, and ₱1,000 buys 2,519.25 JPY. On a typical 17,000 JPY transfer from Japan (₱6,748 today), the cheapest firm in the World Bank's Q3 2025 survey keeps ₱139.01 and the dearest ₱2,307.16. Against 2 Oct 2025, when it was ₱0.3961, 100,000 JPY brings ₱84.38 more (100,000 × ₱0.000844). Next: pick a firm from the cost table, then collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 2 Oct 2026. Working: US$0.006326 per JPY × ₱62.7480 per US$ = ₱0.3969.
1 JPY = ₱0.3969 · ₱1 = 2.5192 JPY · official rate (BSP bulletin), 2 Oct 2026
The converter applies the 2 Oct 2026 rate with no fee or spread. Cross-check: the ECB euro reference rates of 2 Oct 2026 give ₱0.3970 per JPY (₱70.2650 per euro ÷ 176.9900 JPY per euro), 0.01% above the BSP figure. The ECB fixes around 14:10 CET, while BSP uses New York closes of 1 Oct 2026, so the two are taken at different times. Changing pesos into yen instead? PHP to JPY has bank selling rates.
What sending JPY to the Philippines costs
World Bank Q3 2025 survey, Japan: 17 firms priced a 17,000 JPY transfer (about US$200, ₱6,748 today) at 2.06% to 34.19% of the amount, fee and rate margin together, 12.88% on average. The gap between the two ends is ₱2,168.15 per transfer (32.13% × ₱6,748.05).
| Firm | Paid out as | Speed | Fee (JPY) | Rate margin | Total cost | Pesos lost | Cost on US$500 |
|---|---|---|---|---|---|---|---|
| WiseMoney Transfer Operator | Bank account | 2 days | 349.75 | 0.00% | 2.06% | ₱139.01 | 1.41% |
| JMEMoney Transfer Operator | Cash | Less than one hour | 700.00 | -0.14% | 3.98% | ₱268.57 | 2.12% |
| DCOM Money ExpressMoney Transfer Operator | Bank account | Less than one hour | 700.00 | -0.09% | 4.03% | ₱271.95 | 2.29% |
| WorldRemitMoney Transfer Operator | Cash | Same day | 350.00 | 2.27% | 4.33% | ₱292.19 | 3.10% |
| SBI RemitMoney Transfer Operator | Mobile wallet | Same day | 720.00 | 0.09% | 4.33% | ₱292.19 | 2.47% |
| Western UnionMoney Transfer Operator | Bank account | Next day | 800.00 | 0.23% | 4.94% | ₱333.35 | 3.56% |
| KyodaiMoney Transfer Operator | Cash | 2 days | 800.00 | 0.33% | 5.04% | ₱340.10 | 2.71% |
| Brastel RemitMoney Transfer Operator | Cash | Same day | 780.00 | 0.77% | 5.36% | ₱361.70 | 3.82% |
| SMTJMoney Transfer Operator | Cash | Less than one hour | 850.00 | 0.37% | 5.37% | ₱362.37 | 3.82% |
| JRFMoney Transfer Operator | Cash | Next day | 1,000.00 | 0.15% | 6.03% | ₱406.91 | 2.53% |
| LBC RemitMoney Transfer Operator | Bank account | 2 days | 750.00 | 1.69% | 6.10% | ₱411.63 | 3.95% |
| PNB (Philippines National Bank)Bank | Cash | Less than one hour | 750.00 | 1.78% | 6.19% | ₱417.70 | 5.35% |
| Seven BankBank | Cash | Less than one hour | 890.00 | 0.98% | 6.22% | ₱419.73 | 4.55% |
| Metro BankBank | Bank account | Less than one hour | 750.00 | 2.44% | 6.85% | ₱462.24 | 5.30% |
| Japan Post BankBank | Bank account | 3-5 days | 3,000.00 | 2.35% | 20.00% | ₱1,349.61 | 9.49% |
| Sumitomo Mitsui Financial GroupBank | Bank account | 3-5 days | 5,500.00 | 0.35% | 32.70% | ₱2,206.61 | 13.45% |
| MITSUBISHI UFJ NICOSBank | Bank account | 6 days or more | 5,500.00 | 1.84% | 34.19% | ₱2,307.16 | 14.94% |
Japan to the Philippines, 17,000 JPY, surveyed 18 Aug 2025 to 27 Aug 2025. Cheapest product per firm.
Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Pesos lost = total cost × the amount in pesos at today's rate. A negative cost means the firm paid out more than the market rate on the survey day.
Check a quote against the official rate
Type the JPY amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send. The Q3 2025 survey average above, 12.88%, is a fair yardstick.
- What this transfer costs you against the official rate
- ₱297.71 (1.50%)
- At the official rate
- ₱19,847.19
- Provider's effective rate
- ₱0.3910
Rate used: 1 JPY = ₱0.3969, 2 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
Converting JPY at a Philippine bank
JPY to PHP over 30, 90 and 365 days
| Period to 2 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱40.8914 Sep 2026 | ₱38.942 Sep 2026 | ₱40.05 | +1.93%from ₱38.94 |
| 90 days 64 rates | ₱40.8914 Sep 2026 | ₱37.6330 Jul 2026 | ₱38.92 | +3.79%from ₱38.24 |
| 365 days 245 rates | ₱40.8914 Sep 2026 | ₱36.8426 Feb 2026 | ₱38.23 | +0.20%from ₱39.61 |
Pesos per 100 JPY. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
JPY and PHP amounts, both ways
JPY to PHP
| 100 JPY | ₱39.69 |
|---|---|
| 500 JPY | ₱198.47 |
| 1,000 JPY | ₱396.94 |
| 5,000 JPY | ₱1,984.72 |
| 10,000 JPY | ₱3,969.44 |
| 50,000 JPY | ₱19,847.19 |
| 100,000 JPY | ₱39,694.39 |
| 500,000 JPY | ₱198,471.93 |
Each row: amount × ₱0.3969, the 2 Oct 2026 rate, before fees.
PHP to JPY
| ₱100 | 251.92 JPY |
|---|---|
| ₱500 | 1,259.62 JPY |
| ₱1,000 | 2,519.25 JPY |
| ₱5,000 | 12,596.24 JPY |
| ₱10,000 | 25,192.48 JPY |
| ₱50,000 | 125,962.40 JPY |
Each row: pesos ÷ ₱0.3969, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving JPY transfers in the Philippines
Cash remittances from Japan reached US$1.79 billion in 2025 (BSP, preliminary), and the DMW deployed 60,748 Filipino workers there that year (DMW 2025 deployment).
The 17 surveyed firms offer 45 ways to send on this corridor: 25 pay out into a bank account, 19 pay out as cash for pickup, 1 pay out to a mobile wallet; 15 arrive in less than an hour. Cash pickup works at BSP-registered remittance agents, pawnshops and banks; a bank or e-wallet credit saves the trip.
If you hold JPY cash, BPI's posted buying rate is ₱0.3876 (2 Oct 2026, 4:19 PM) and Metrobank buys notes at ₱0.3781 (2 Oct 2026, 9:09 AM). Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats JPY you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts JPY amounts at the BSP rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
JPY to PHP questions
How much is 200,000 JPY in Philippine pesos?
200,000 × ₱0.3969 = ₱79,388.77 at the 2 Oct 2026 rate, and 1,000,000 JPY is ₱396,943.85. What arrives is lower by the provider's fee and rate margin.
What is the highest JPY to PHP rate?
In the three years to 2 Oct 2026 the highest daily value was ₱0.4089 on 14 Sep 2026 and the lowest ₱0.3615 on 11 Jul 2024. By monthly average, the highest since January 1978 was ₱0.5670 in January 2012. Source: BSP daily peso cross rates.
Will the Japanese yen go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of Japan, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱0.3684 (26 Feb 2026) to ₱0.4089 (14 Sep 2026).
Why does my bank or app give less than ₱0.3969?
This is a reference rate with no spread. Banks buy below it: BPI posted ₱0.3876 per JPY (2 Oct 2026, 4:19 PM) and Metrobank posted ₱0.3942 per JPY (2 Oct 2026, 9:09 AM). Remittance firms add a fee and a rate margin; compare the pesos that arrive. Source: BPI rates page.
Which rate applies on a weekend or holiday?
The Friday 2 Oct 2026 bulletin, generated by the BSP at 08:43 AM, stays the reference until the next one, Monday 5 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from Japan?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 2 Oct 2026 rate, ₱250,000 is 629,812.00 JPY. Source: RA 10963 (TRAIN), Sec. 99.