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🇵🇭 PHP / 🇯🇵 JPY ✓ Official Mid-Market Rate (0% Markup) Independent Analysis

PHP to JPY Exchange Rate & Bank Wire Fee Comparison (2026)

Convert Philippine Peso (PHP) to Japanese Yen (JPY). The live interbank midpoint rate is 1 PHP = 2.6186 JPY. Compare hidden currency conversion spreads across major international wire systems.

Live Converter

PHP to JPY Real-Time Calculator

Sourced via Central Bank Interbank Feeds
Quick amounts
₱
→
¥
2,618.56
Official benchmark rate (0% markup applied)
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Historical Benchmarks

PHP to JPY Historical Exchange Rates

Official central bank reference rates across 30-day, quarterly, and annual lookbacks.

Official Reference Feeds
Period Interbank Midpoint Yield on ₱1,000 Trend / Variance
Today (Interbank Midpoint) 1 PHP = 2.6186 JPY ¥2,618.56 Current Live Rate
30 Days Ago 1 PHP = 2.6081 JPY ¥2,608.08 +0.4% (Higher)
90 Days Ago (Quarterly) 1 PHP = 2.6500 JPY ¥2,649.98 -1.2% (Lower)
180 Days Ago (Half-Year) 1 PHP = 2.5636 JPY ¥2,563.57 +2.1% (Higher)
1 Year Ago (52W Midpoint) 1 PHP = 2.6186 JPY ¥2,618.56 +0.0% vs Annual Baseline
Settlement Timeline

PHP to JPY Delivery & Settlement Windows

Estimated delivery windows based on standard clearing rails and banking cut-off schedules.

Target System: Zengin System / SWIFT
Direct Domestic Rail 0 - 2 Hours

Local Automated Clearing

Transfers settling through local domestic rails (Zengin System / SWIFT) typically clear within hours during standard operating windows.

Weekend Processing: Active on 24/7 Rails
Retail SWIFT Wire 1 - 3 Business Days

Correspondent Banking

Traditional commercial banks route through intermediary correspondent networks, adding clearing stops and compliance verifications.

Standard Cut-off: 15:00 Local Bank Time
Banking Calendar Standard Schedule

Cut-off & Holiday Factors

Wires sent after Friday 15:00 local time or during official bank holidays in either origin or destination will hold until Monday morning.

Holiday Settlement: Next Business Day
⚠️

Important Clearing Disclaimer: Settlement timeframes are estimates based on standard bank operating windows and domestic clearing rail architectures (Zengin System / SWIFT). Actual arrival is subject to originating bank cut-off deadlines, correspondent intermediary verification checkpoints, and international AML/KYC screening. Not a contractual arrival guarantee.

Transfer Preparation

Required Details to Wire PHP to JPY

Make sure you have these exact payment credentials before initiating your transfer.

1. Recipient Identity

Beneficiary Full Name

Exact match as registered on recipient bank account.

2. Account Identifier

Zengin System / SWIFT

IBAN, Account Number, or local domestic routing code.

3. Bank Code

SWIFT / BIC Code

8 or 11 character identifier of the recipient's bank branch.

4. Transfer Purpose

Payment Reference

Invoice number or descriptive reference for AML compliance.

Macroeconomic Analysis

PHP vs JPY: Central Bank Policy & Inflation Matrix

Official interest rate benchmarks and consumer price index (CPI) differentials shaping cross-border value.

Official Macro Indicators
🇵🇭

Philippine Peso (PHP)

Bangko Sentral ng Pilipinas (BSP)

Policy Rate

6.0%

Benchmark rate
Annual CPI Inflation

3.3%

Consumer prices
Estimated Real Yield (Rate - Inflation): +2.7%
🇯🇵

Japanese Yen (JPY)

Bank of Japan (BoJ)

Policy Rate

0.25%

Benchmark rate
Annual CPI Inflation

2.5%

Consumer prices
Estimated Real Yield (Rate - Inflation): -2.2%
Policy Rate Differential: 5.75% (PHP vs JPY)
Inflation Differential: 0.80% (Annual CPI spread)
ℹ️

Macroeconomic Policy Notice: Central bank interest rates and CPI metrics are compiled from public statistical releases (Bangko Sentral ng Pilipinas (BSP), Bank of Japan (BoJ)) for macroeconomic educational context. They do not constitute retail banking deposit guarantees or investment advice. WireCompare does not provide portfolio management or trading services.

Corridor Volatility & Trend

52-Week Exchange Rate Position

Liquidity Status: High & Stable
52W Low: ¥2.5138 Current: ¥2.6186 52W High: ¥2.7233
Lower bound Current rate sits at 50.0% of annual range Upper bound
Independent Market Analysis

Compare Wire Transfer Costs: PHP to JPY

Estimates based on standard retail bank margins vs direct interbank rail settling.

Zero Promotional Bias
₱1,000 PHP
₱250 ₱5,000 ₱10,000 ₱20,000
Benchmark

Direct Midpoint Rail

0.0% Rate Markup (Interbank)

Rail Fee:₱4.50
Rate:2.6186
Clearing:Instant / Same Day
Recipient Receives

¥2,618.56

Maximum Yield

Optimal Benchmark Rail
Retail SWIFT

Commercial Banks

~3.2% Hidden FX Margin

SWIFT Fee:₱25.00
Bank Rate:2.5348
Speed:2-4 Business Days
Recipient Receives

¥872.53

-Lost to Hidden Margin

High Intermediary Margin
Consumer Wallet

Global Wallets

3.5% Currency Spread

Tx Fee:₱4.99
Rate:2.5269
Speed:Instant (Closed Wallet)
Recipient Receives

¥887.41

Closed loop balance

Convenient but Marked Up
Cash Agent

Cash Remittance

Retail Spread + Cash Fee

Counter Fee:₱8.00
Rate:2.5557
Speed:Physical Counter / 1 Day
Recipient Receives

¥896.12

Physical cash pickup

Agent Network Fee
Lookup Tables

PHP to JPY Fast Conversion Matrix

Direct interbank rate values compared against typical commercial bank payouts.

🇵🇭 PHP to 🇯🇵 JPY

1 PHP = 2.6186 JPY
Amount Mid-Market Rate Bank Payout Hidden Spread
₱1 PHP ¥2.62 JPY ¥0.00 -¥50.78
₱5 PHP ¥13.09 JPY ¥0.00 -¥51.11
₱10 PHP ¥26.19 JPY ¥0.00 -¥51.53
₱25 PHP ¥65.46 JPY ¥12.67 -¥52.79
₱50 PHP ¥130.93 JPY ¥76.04 -¥54.88
₱100 PHP ¥261.86 JPY ¥202.78 -¥59.07
₱250 PHP ¥654.64 JPY ¥583.00 -¥71.64
₱500 PHP ¥1,309.28 JPY ¥1,216.69 -¥92.59
₱1,000 PHP ¥2,618.56 JPY ¥2,484.07 -¥134.49
₱5,000 PHP ¥13,092.78 JPY ¥12,623.12 -¥469.66
₱10,000 PHP ¥26,185.57 JPY ¥25,296.94 -¥888.63

🇯🇵 JPY to 🇵🇭 PHP (Reverse)

1 JPY = 0.3819 PHP
Amount Mid-Market Rate Bank Payout Hidden Spread
¥1 JPY ₱0.38 PHP ₱0.00 -₱7.41
¥5 JPY ₱1.91 PHP ₱0.00 -₱7.45
¥10 JPY ₱3.82 PHP ₱0.00 -₱7.52
¥25 JPY ₱9.55 PHP ₱1.85 -₱7.70
¥50 JPY ₱19.09 PHP ₱11.09 -₱8.00
¥100 JPY ₱38.19 PHP ₱29.57 -₱8.62
¥250 JPY ₱95.47 PHP ₱85.02 -₱10.45
¥500 JPY ₱190.94 PHP ₱177.44 -₱13.50
¥1,000 JPY ₱381.89 PHP ₱362.28 -₱19.61
¥5,000 JPY ₱1,909.45 PHP ₱1,840.95 -₱68.50
¥10,000 JPY ₱3,818.90 PHP ₱3,689.30 -₱129.60
Mid-Market Rate

2.6186

1 PHP = ¥2.6186

Inverse Rate

0.3819

1 JPY = ₱0.3819

52-Week Range

2.5138 - 2.7233

Annual volatility band

Target Bank System

Zengin System / SWIFT

Clearing rail for JPY

Knowledge Base

Frequently Asked Questions (PHP to JPY)

Click any question to expand
Q What is the current exchange rate for PHP to JPY?
As of 2026, the real mid-market interbank rate is 1 PHP = 2.618557 JPY. This is the true benchmark rate with zero hidden bank markup.
Q How much does a bank charge to send PHP to JPY?
Most traditional high-street banks charge a front-end wire fee of around ₱25 plus a 2.5% to 4% hidden exchange rate markup. On a ₱1,000 transfer, you typically lose around ¥135.38 compared to specialized neobanks like Wise.
Q What bank codes are needed to send JPY to Japan?
To receive JPY in Japan, the recipient typically needs to provide their Zengin System / SWIFT.
Q How fast does an international transfer take between PHP and JPY?
Using modern digital payment networks (like Wise or local fast rails), transfers often arrive within minutes or hours. Traditional SWIFT bank wires take 2 to 4 business days.

Related Corridors From PHP

View Reverse: JPY to PHP →

PHP → USD

1 PHP = 0.0172 USD

PHP → EUR

1 PHP = 0.0159 EUR

PHP → GBP

1 PHP = 0.0133 GBP

PHP → CAD

1 PHP = 0.0238 CAD