Mexican Peso to Japanese Yen (MXN/JPY) Exchange Rate Today
Sending moneyToday's rate, how it compares to the last 30 days, and what you'll actually pay to convert.
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MXN to JPY Conversion Table
Common amounts converted from Mexican Peso to Japanese Yen at today's rate.
| Mexican Peso (MXN) | Japanese Yen (JPY) |
|---|---|
| 1 MXN | — |
| 5 MXN | — |
| 10 MXN | — |
| 25 MXN | — |
| 50 MXN | — |
| 100 MXN | — |
| 250 MXN | — |
| 500 MXN | — |
| 1,000 MXN | — |
| 5,000 MXN | — |
| 10,000 MXN | — |
| 50,000 MXN | — |
How much Japanese Yen will you actually receive?
Estimated cost to convert MXN 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.
Sending money? Compare MXN to JPY providers
The MXN/JPY corridor handles significant transfer volume. If you send money regularly between Mexican Peso and Japanese Yen, even a small rate difference compounds over time. Use the provider table above to compare what you would actually receive after fees and markup.
MXN/JPY rate statistics
Is today's MXN/JPY rate good or bad?
We compare today's live Mexican Peso 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, MXN 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.
A textbook carry trade pair. Mexico offers some of the highest real interest rates among major economies while Japan has held rates near zero for decades. Traders borrow yen cheaply to buy peso-denominated assets, making this pair extremely sensitive to global risk appetite.
The live analysis below updates throughout market hours and shows exactly where today's rate sits in context.
What is the MXN/JPY exchange rate?
The MXN/JPY rate tracks how many Japanese Yen one Mexican Peso buys. A classic carry trade pair. Mexico's high interest rates attract yield-seeking capital funded by borrowing in low-rate yen. This makes MXN/JPY one of the most risk-sensitive pairs in forex - it tends to rise in calm markets and drop sharply during stress.
MXN is issued by the Banco de México (Banxico) (ranked 12th globally - meaning it's the 12th most bought and sold currency in the world). JPY is issued by the Bank of Japan (BOJ) (ranked 3rd). Full MXN profile | Full JPY profile
Mexican Peso to Japanese Yen is widely checked by US-Mexico cross-border workers and travellers visiting Mexico.
What drives this rate? A classic carry trade pair: Mexico's high interest rates attract yield-seeking flows funded by Japan's near-zero rates. Banxico vs BOJ policy divergence is the primary driver, amplified by risk sentiment shifts.
Is today's MXN/JPY rate good or bad?
The Mexican Peso 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. The MXN/JPY corridor handles large remittance volumes, so specialist providers compete aggressively. Compare the final received amount across providers, not just the headline fee.
Converting Mexican Peso to Japanese Yen? Read this first
Sending money to Mexico? The US-Mexico remittance corridor handles $60+ billion annually. Many services compete for this market, so rates are often competitive. Compare the delivered amount, not just the rate.
Watch out: Banks typically charge 3-5% on MXN to JPY transfers. Regulated online services like Wise are equally safe and usually much cheaper. Always compare the final received amount, not just the fee.
Did you know?
- The Mexican peso is the most traded currency in Latin America, handling more daily volume than all other Latin American currencies combined.
- 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
What moves the MXN/JPY exchange rate?
A classic carry trade pair: Mexico's high interest rates attract yield-seeking flows funded by Japan's near-zero rates. Banxico vs BOJ policy divergence is the primary driver, amplified by risk sentiment shifts.
Is it better to use a card or withdraw cash for Japanese Yen?
For most travelers, a card with no foreign transaction fee is the simplest and cheapest option - provided you always choose to pay in Japanese Yen (the local currency) rather than Mexican Peso. Choosing your home currency triggers Dynamic Currency Conversion (DCC), which typically adds 3-5% on top. If you need cash, withdraw from ATMs in-country rather than exchanging at airports.
Is the Japanese Yen a safe-haven currency?
Historically, yes. The Yen tends to strengthen during market selloffs because Japanese investors hold large foreign assets and often repatriate funds during crises. Japan's current account surplus and deep, liquid bond market reinforce this safe-haven status. This means MXN/JPY may drop sharply during periods of global market stress.
How much does it cost to send money between MXN and JPY?
Costs vary widely. Banks typically charge a fixed fee ($15-50) plus a 2-4% markup on the exchange rate. Online services like Wise or Remitly often have lower fees and tighter spreads. The total cost includes both the fee and the exchange rate markup - always compare the final amount the recipient would get, not just the advertised fee or rate.
Learn more
- Banxico - Exchange Rates - Banco de Mexico 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.