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, November 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, November 16:
1 Japanese Yen (JPY) to Philippine Peso (PHP)
- Buying: 0.4066
- Selling: 0.4176
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.
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, cash remittances hit a two-month high in September as OFWs (overseas Filipino workers) took advantage of a strong dollar to send more money to their families.
The Bangko Sentral ng Pilipinas (BSP) said in a statement on Tuesday that the expansion in cash remittances in September was because of the growth in receipts from sea-based and land-based workers.
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