What is the
HSBC Send Money conversion rate for USD to JPY?
The HSBC USD to JPY exchange rate is 136.55. This is -4.4% compared to the latest USD-JPY mid-market rate 142.86.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Japanese yen (JPY) rates from different sources before making a conversion.
How do HSBC USD-JPY rates compare between providers?
Looking at our comparison table the best USD to JPY exchange rate is 142.15 from OFX, -0.5% from the mid-market rate 142.86. The next best rate is 142 from XE, -0.6% from the mid-rate. Then Wise with 141.93 is -0.65% from the mid-rate.
The Western Union rate is 141.43 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 132.27 at -7.4% the Wells Fargo Bank rate is 131.41 at -8% and the Citibank rate is 137.98 at -3.4% compared to the mid-rate 142.86.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like HSBC often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
Compare Rates
The HSBC - Dollar to Yen comparison table
above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
HSBC and other foreign exchange providers against the latest USD-JPY mid-rate and the possible savings of using various providers.