The real CHF/JPY rate
The interbank rate (mid-market), with no inflated margin hidden in the displayed rate.
Change your Swiss francs (CHF) into Japanese yen (JPY) at the real interbank rate, in real time. Ideal to prepare a trip to Japan, pay a supplier or send money, with a margin from 0.40% and no hidden fees.
The essentials to change your CHF into JPY with no nasty surprises on the rate or the fees.
The interbank rate (mid-market), with no inflated margin hidden in the displayed rate.
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
The Swiss franc and the yen are both safe-haven currencies: follow the pair to choose your moment.
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.
On a 5'000 CHF exchange into yen, the margin applied to the rate makes all the difference.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "House" rate | "House" rate |
| Exchange margin | From 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | CHF 0 | Variable | — |
| Estimated cost on 5'000 CHF* | ~20 CHF | ~75 CHF | > 100 CHF |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a one-off exchange of 5'000 CHF into yen. See the details on our Rates page.
Follow the pair's trend to choose the right moment for your exchange.
Indicative amounts, ibani margin included, updated continuously.
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Type in the sum in Swiss francs (CHF) to change into Japanese yen (JPY) and check the real rate displayed.
ibani converts your CHF into JPY at the market rate and executes your transfer, with no hidden fees.
The rate between the Swiss franc (CHF) and the Japanese yen (JPY) brings together two currencies reputed to be "safe havens". Its dynamics are dictated by the relationship between two central banks : the Swiss National Bank (SNB) and the Bank of Japan (BoJ).
The CHF and the JPY have long shared one thing in common : some of the lowest interest rates in the world. The yen has therefore served as a funding currency for carry trade operations, with investors borrowing in JPY to invest in better-remunerated currencies. The rate gap between Switzerland and Japan thus remains a central driver of the pair.
The picture is changing : the Bank of Japan has begun a gradual normalisation of its policy after years of ultra-accommodative rates, while the SNB adjusts its policy rate and can resort to interventions on the currency market to contain excessive appreciation of the franc. In periods of strong risk aversion, both safe-haven currencies can appreciate at the same time, which often makes CHF/JPY less volatile than other pairs.
Written by Brice Delhome.
There is no universal ideal moment. The CHF/JPY rate depends on market movements and on the monetary policy gap between the Swiss National Bank (SNB) and the Bank of Japan (BoJ). Both the Swiss franc and the yen are safe-haven currencies, which makes the pair often less volatile than others. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
The pair mainly reacts to the interest-rate gap between Switzerland and Japan, two economies with historically low rates. The yen long served as a funding currency for carry trade operations, while the gradual normalisation of the Bank of Japan's policy and the SNB's decisions influence the trend. In periods of strong risk aversion, both safe-haven currencies can appreciate at the same time.
With ibani, you open an account online, enter the amount in Swiss francs to convert and receive the amount in Japanese yen at the real market rate, with no hidden fees. It's useful to prepare a trip to Japan, pay a supplier or send money, with a transparent margin from 0.40%.
ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. Some transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
✓ Real interbank rate · ✓ Margin from 0.40% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).