The real CHF/JPY rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
CHF → JPY · Real-time rateConvert Swiss francs
into Japanese yen (CHF → JPY)
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% to 0.15% and no hidden fees.
CHF → JPYCurrency pair
Real timeMarket rate
0.15%Margin from
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Estimated annual saving
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CHF/JPY conversion at a glance
Convert Swiss francs into Japanese yen, at the right rate
The essentials to change your CHF into JPY with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Two safe-haven currencies
The Swiss franc and the yen are both safe-haven currencies: follow the pair to choose your moment.
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
CHF → JPY: ibani, bank or exchange office?
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 | 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.
Rate movement
CHF / JPY exchange rate live
Follow the pair's trend to choose the right moment for your exchange.
Conversion tables
How much is 1 CHF in JPY (and the reverse)?
Indicative amounts, ibani margin included, updated continuously.
Reference rate as of 7 October 2026; the rate applied is the one at the time of the order.
How to convert
Your CHF changed into JPY, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Enter the amount to convert
Type in the sum in Swiss francs (CHF) to change into Japanese yen (JPY) and check the real rate displayed.
Receive your yen at the real rate
ibani converts your CHF into JPY at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and executes your transfer, with no hidden fees.
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SGDMarkets · updated 28 August 2026
CHF/JPY: what has moved in recent months
The yen was the summer's most eventful currency. After the Bank of Japan raised its policy rate to 1.00% in June, a currency intervention estimated at some 75 billion dollars defended the line at 160 yen to the dollar, taking the currency from about 164 to 155 before it drifted back to 158–159.
CHFSNB on hold, growth springs a surprise
The Swiss National Bank kept its policy rate at 0.00% at its 18 June 2026 assessment, a fourth consecutive hold, with inflation projected at 0.6% for both 2026 and 2027. Swiss inflation fell back to 0.4% year on year in July, a four-month low. The surprise of the quarter: GDP jumped 1.5% in the second quarter against expectations of 0.2% to 0.4%, driven by a 15.2% rebound in chemical and pharmaceutical exports. The next assessment is on 24 September 2026.
JPYA rate hike and an FX intervention
The Bank of Japan lifted its policy rate to 1.00% in June 2026, then paused in July; markets now price a move to 1.25% in September at around 87%. The summer was above all marked by a large-scale currency intervention, estimated at some 75 billion dollars, to defend the line at 160 yen to the dollar — backed, unusually, by the US Treasury. The yen went from about 164 to 155 per dollar before drifting back towards 158–159.
CHF → JPY
What it means for you
Against the franc, still yielding 0.00%, the yen now has for the first time in years a central bank that is tightening — with a possible move to 1.25% in September. Converting in tranches remains prudent while intervention risk persists.
Benchmark on 28 August 2026: 1 CHF ≈ 198.03 JPY. The converter at the top of this page shows the live rate.
Sources: SNB, monetary policy assessment of 18 June 2026 · Federal Statistical Office, July consumer price index published 3 August 2026 · SECO, flash GDP estimate of 14 August 2026 · Bank of Japan, June and July 2026 monetary policy meetings · OMFIF, analysis of Japan's currency intervention, 7 August 2026.
The economics of the pair
CHF/JPY: the SNB versus the Bank of Japan
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.
To go further, see our guides on how to calculate an exchange rate and choose the right time to exchange.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about CHF/JPY exchange
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 sum in Swiss francs to convert and receive the equivalent in Japanese yen at the real market rate, plus a margin of 0.40% to 0.15% depending on the amount, with no hidden fees. It's useful to prepare a trip to Japan, pay a supplier or send money.
ibani applies a transparent margin from 0.40% to 0.15% 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.
Change your Swiss francs
into yen at the right rate.
Open an account online, convert your CHF into JPY at the real rate (+ margin from 0.15%) and pay or send with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Swiss financial intermediary subject to the AMLA regulatory framework
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).