---
title: "Convert euros into Japanese yen (EUR → JPY)"
url: https://www.ibani.com/en/currency-converter/eur-to-jpy-rate
lang: en
date_modified: 2026-10-07
---

EUR → JPY · Real-time rate

# Convert euros into Japanese yen (EUR → JPY)

Change your euros (EUR) into Japanese yen (JPY) at the **real interbank rate**, in real time. Ideal to prepare a trip to Japan or settle a purchase in yen, with a margin from 0.40% to 0.15% and no hidden fees.

[Open my free account](https://www.ibani.com/en/app) Conversion tables

**EUR → JPY**Currency pair

**Real time**Market rate

**0.15%**Margin from

### Simulate your transfer

No hidden fees

— Live rate

—

Estimated annual saving

—

vs. a traditional bank

Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates)

[Get started — It's free](https://www.ibani.com/en/app)

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The EUR/JPY conversion in brief

## Convert euros into Japanese yen, at the right rate

The essentials for changing your EUR into JPY with no nasty surprise on the rate or the fees.

### The real EUR/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.

### A margin from 0.15%

Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.

### A real rate for Japan

Travel, e-commerce or paying a supplier: enjoy the market rate (+ margin from 0.15%) on your yen.

### 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

## EUR → JPY: ibani, bank or exchange office?

On a yen exchange, the margin applied to the rate makes all the difference to the amount you receive.

| Criterion | ibani | Bank | Exchange office |
| --- | --- | --- | --- |
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | Transparent | Variable | — |
| Margin on 1'000 EUR\* | ~4 EUR | ~15 to 20 EUR | \> 20 EUR |
| 100% digital tracking | Yes | Partial | No |

\*Indicative orders of magnitude for a 1'000 EUR exchange into yen. See the details on our [Rates](https://www.ibani.com/en/rates) page.

Conversion tables

## How much is 1 EUR in JPY (and the other way round)?

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.

| [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | [JPY](https://www.ibani.com/en/currency-converter/currencies/jpy-japanese-yen) |
| --- | --- |
| EUR 1 | 176.29 |
| EUR 5 | 881.46 |
| EUR 10 | 1'762.91 |
| EUR 50 | 8'814.55 |
| EUR 100 | 17'629.10 |
| EUR 500 | 88'145.50 |
| EUR 1'000 | 176'291.00 |
| EUR 5'000 | 881'455.02 |
| EUR 10'000 | 1'762'910.05 |
| EUR 50'000 | 8'818'975.22 |

| [JPY](https://www.ibani.com/en/currency-converter/currencies/jpy-japanese-yen) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) |
| --- | --- |
| JPY 100 | 0.56 |
| JPY 500 | 2.81 |
| JPY 1'000 | 5.62 |
| JPY 5'000 | 28.08 |
| JPY 10'000 | 56.16 |
| JPY 50'000 | 280.80 |
| JPY 100'000 | 561.59 |
| JPY 500'000 | 2'807.96 |
| JPY 1'000'000 | 5'615.91 |
| JPY 5'000'000 | 28'093.66 |

How to convert

## Your EUR 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.

### Fund your account in euros

Top up your ibani account in EUR by transfer, then choose the amount to convert into yen.

### Convert into yen at the real rate

ibani changes your EUR into JPY at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and executes your transfer to the beneficiary of your choice.

Other pairs

## Convert other currencies

From the euro (EUR)

[EUR USD](https://www.ibani.com/en/currency-converter/eur-to-usd-rate) [EUR GBP](https://www.ibani.com/en/currency-converter/eur-to-gbp-rate) [EUR CHF](https://www.ibani.com/en/currency-converter/eur-to-chf-rate) [EUR CAD](https://www.ibani.com/en/currency-converter/eur-to-cad-rate) [EUR SGD](https://www.ibani.com/en/currency-converter/eur-to-sgd-rate)

The Japanese yen (JPY)

[CHF JPY](https://www.ibani.com/en/currency-converter/chf-to-jpy-rate)

[All our converters →](https://www.ibani.com/en/currency-converter)

Markets · updated 28 August 2026

## EUR/JPY: what has moved in recent months

Two central banks tightening at once, for different reasons: the ECB against an imported energy shock, with a deposit rate at 2.25% since 11 June; the Bank of Japan to exit two decades of near-zero rates, at 1.00% since June, with roughly an 87% chance of a move to 1.25% in September.

EUR

### The ECB tightened in June, then waited

On 11 June 2026 the European Central Bank raised its deposit rate by 25 basis points to 2.25% — its first hike since 2023 — in response to an imported energy shock, taking the main refinancing rate to 2.40%. On 23 July it left all three rates unchanged without committing to a path. Euro area inflation came in at 2.9% in July after 2.8% in June, and August PMIs moved clearly back into expansion (composite at 52.1). Rate markets price a further hike on 10 September at roughly 80%.

JPY

### A 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.

EUR → JPY

### What it means for you

The summer's currency intervention, backed by a US Treasury that bought yen against euros, is a reminder that Tokyo will not let its currency drift without reacting. Moves on this pair can be abrupt: spreading conversions is worth more here than elsewhere.

**Benchmark on 28 August 2026:** 1 EUR ≈ 185.39 JPY. The converter at the top of this page shows the live rate.

Sources: ECB, monetary policy decisions of 11 June and 23 July 2026 · Eurostat, euro area July inflation confirmed 19 August 2026 · S&P Global, euro area flash PMI of 21 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

## EUR/JPY: the ECB versus the Bank of Japan

The rate between the **euro (EUR)** and the **Japanese yen (JPY)** is one of the most traded pairs in the world. Its dynamics are first and foremost driven by the monetary policy gap between two central banks: the European Central Bank (ECB) and the Bank of Japan (BoJ).

For many years, the Bank of Japan kept interest rates very low, even negative, while the ECB gradually raised its own. This yield gap encouraged many investors to borrow in yen to invest elsewhere (the "carry trade"), which weighed lastingly on the JPY and pushed EUR/JPY higher.

The yen nonetheless retains its safe-haven status: during episodes of strong risk aversion on the markets, it can strengthen rapidly. The pair therefore remains sensitive to two forces: the ECB/BoJ rate gap on one side, and risk appetite on the other. A more marked tightening of Bank of Japan policy is one of the main factors likely to support the yen against the euro.

Read also: our guides on how to [calculate an exchange rate](https://www.ibani.com/en/guides/how-to-calculate-exchange-rate) and [choose the right time to exchange](https://www.ibani.com/en/guides/myth-exchange-rate-mid-end-month).

Written by [Brice Delhome](https://www.ibani.com/en/author/brice-delhome).

Frequently asked questions

## Frequently asked questions about EUR/JPY exchange

The EUR/JPY rate mainly reflects the monetary policy gap between the European Central Bank (ECB) and the Bank of Japan (BoJ). When the ECB keeps rates higher than the BoJ, the euro tends to appreciate against the yen. The pair also reacts to risk appetite: the yen, a safe-haven currency, often strengthens during periods of market tension.

For years, the Bank of Japan kept interest rates very low, even negative, while the ECB raised its own. This yield gap prompted many investors to sell yen in favour of better-paying currencies such as the euro, contributing to the weakening of the JPY. A lasting rebound of the yen depends on a tightening of BoJ policy.

There is no universal ideal moment. The EUR/JPY rate moves continuously with the markets and the decisions of the ECB and the Bank of Japan. The best approach is to follow the real rate in real time and trigger your exchange when the level suits you, rather than accepting a fixed rate with a hidden margin.

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. Transfers to a yen account may, however, involve correspondent bank fees, which are independent of ibani. See the details on the [Rates](https://www.ibani.com/en/rates) page.

## Change your euros into yen at the right rate.

Convert your EUR into JPY at the real interbank rate (+ margin from 0.15%) and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.

[OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [All converters](https://www.ibani.com/en/currency-converter)

✓ 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.

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