Today’s Exchange Rate Of JPY to PHP
JPY TO PHP — Here is the exchange rate between the Japanese Yen and the Philippine Peso today, August 16, 2022.
Pinoys from Japan are sending money to their family or loved ones in the Philippines, while Filipinos from the Philippines are receiving regular remittances from a family member or a loved one living or working in Japan.
JPY-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in Japan or a sender of remittances to your family or loved ones. You can have your JPY converted to PHP through money exchange services and financial institutions.
The Philippines’ financial institutions offer money exchange rate services during weekdays — including Asia United Bank (AUB). Here is the Japanese Yen to Philippine Peso exchange rate for today, August 16, 2022:
1 Japanese Yen (JPY) to Philippine Peso (PHP)
- Buying: 0.4155
- Selling: 0.4241
Most Filipinos chose to live or work outside the Philippines as they want to earn a sustainable income and to also have a more comfortable and better life.
Even though the Regional Tripartite Wages and Productivity Board (RTWPB) has granted a wage hike to some regions in the Philippines, there are several countries that have a promising exchange rate of their currencies with the Philippine Peso.
With this, Filipinos chose to live or work abroad to help their families in the Philippines by sending remittances.
Based on a report in Manila Bulletin last August 15, Moody’s Analytics said that the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) is expected to raise the key benchmark rate by 50 bps (basis points) on August 18 to 3.75% from 3.25%.