Convert Euros to Japanese Yen at the latest rate
The EUR/JPY cross pair is one of the most actively traded in forex markets. It represents the exchange rate between the Eurozone's single currency and Japan's yen. This pair is popular among carry traders because of the historically large interest rate differential between the ECB and the Bank of Japan.
European travelers to Japan and Japanese tourists visiting Europe rely on this conversion for budgeting and spending.
The rate changes daily. In recent years, 1 EUR has typically been worth between 130 and 170 JPY. Check the converter for the latest rate.
A carry trade involves borrowing in a low-interest-rate currency (like JPY) and investing in a higher-yielding one (like EUR). The EUR/JPY pair has historically been popular for this strategy.
These are indicative mid-market rates. Actual rates from exchange services will include a spread. Use this as a benchmark to compare offers.
