Japanese yen (JPY) to Pakistani rupee (PKR)

• JPY

JPY to PKR official rate and reference rates

The rates card above shows official State Bank of Pakistan (SBP) data: the mark-to-market revaluation ("ready") rate in rupees per unit for the yen and about thirty-five other currencies, SBP's weighted average customer exchange rate for the US dollar (bid and offer), a trend line for major currencies against PKR, and a converter that includes PKR. SBP issues these rates every working day for authorised dealers to revalue their books. The US dollar rate is a weighted average of closing interbank rates collected through brokerage houses. A reference rate is an official benchmark figure published once per business day. It is not a price you can buy or sell at. The card shows the SBP date next to the rates and links to the SBP page. The separate converter below this heading still uses European Central Bank (ECB) euro reference rates between the currencies the ECB covers and has no PKR; for rupee amounts, use the rates card above.

On weekends and public holidays no new reference rate is published. The card then keeps the last working day's date, so the figures may be a few days old. It refreshes by itself when SBP publishes.

How to work out the amount in rupees

• Yen to PKR: use the converter in the rates card above with JPY as the from currency and PKR as the to currency, or multiply your yen amount by the SBP rate for the yen shown in the table. This gives a rough idea if you receive money from Japan or are pricing goods quoted in yen.
• PKR to yen: use the converter in the rates card with PKR as the from currency, or divide your rupee amount by the SBP rate for the yen. This is useful for travel, tuition fees or paying a Japanese supplier.

The yen has a low value per unit compared with the rupee. Some banks and dealers therefore quote it for a block of yen rather than per single yen. Before you compare quotes, check which unit each one uses.

Why bank and exchange-office rates differ

Banks and exchange offices quote their own buy and sell rates, so the rate your bank, money changer or transfer service offers will not match the official rate exactly. The usual reasons are:

• Spread. Dealers buy yen at a lower rate and sell at a higher one. The gap between the two is their margin.
• Cash or transfer. Cash yen is less common in Pakistan than US dollars, so exchange offices may quote wider spreads for yen notes.
• Timing. The reference rate is fixed once a day. Bank rates can change during the day.
• Fees. Transfer services may add a fixed charge on top of the rate, or build their margin into a weaker rate.

To compare offers, ask what amount in rupees or yen you will actually receive after all charges.

For the State Bank of Pakistan's own published rates, see SBP exchange rates.

What moves the Japanese yen

Bank of Japan policy

The Bank of Japan (BoJ) sets Japanese interest rates and runs bond-buying programmes. For long periods Japanese rates have been lower than rates in many other economies. When this gap widens, investors tend to borrow in yen and invest elsewhere. This is called the carry trade, and it usually weakens the yen. When the BoJ signals higher rates, or other central banks cut, the gap narrows and the yen often strengthens.

Japanese authorities have also stepped into the market at times to slow sharp yen moves. Traders watch official comments closely for this reason.

Trade and capital flows

Japan exports cars, machinery and electronics, and imports most of its energy. A higher oil or gas price raises Japan's import bill, which can weigh on the yen.

Japan also earns large income from investments abroad. When Japanese investors bring money home, demand for the yen rises.

The yen is also widely treated as a "safe haven", meaning it is often bought during global market stress.

The rupee side

JPY/PKR moves with both currencies. A large part of the rupee's movement comes from the US dollar–rupee rate, so it helps to follow USD to PKR. Pakistani interest rates also matter. The latest decision on record is: SBP policy rate raised by 50 bps to 12% with effect from 27.10.2026 (MPC). Background is on SBP rates and economy.

Pakistan–Japan links that use the yen

• Trade. Pakistani importers buy Japanese vehicles, spare parts and machinery. Their costs in rupees rise when the yen strengthens.
• Remittances. Pakistanis working in Japan send yen home. A stronger yen means more rupees per transfer.
• Students. Tuition and living costs in Japan are paid in yen, so families planning budgets watch the rate.
• Travel. Visitors convert rupees to yen before or during a trip, often through cards or exchange offices.

Rates for other Asian currencies are on Chinese yuan and South Korean won. The full list is on exchange rates.

The yen in forex trading

The yen is traded as part of major pairs such as USD/JPY and EUR/JPY. These pairs are explained on currency pairs.

Leveraged forex and CFD trading can lose money fast, including more than you planned to risk. Read risk management before trading.

Pakistani rules also apply: per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Details are on law and regulators.

Frequent questions

Is the rate on this page the rate I will get at a bank?

No. The card shows official State Bank of Pakistan (SBP) rates. Bank counters, exchange companies and remittance apps quote their own buying and selling rates, with a spread and sometimes fees.

Why does the date not change at the weekend?

SBP publishes rates only on working days. On weekends and holidays the card shows the last official date.

Can I convert rupees to yen as well?

Yes. The converter in the rates card includes PKR and uses SBP rates. The separate converter on this page works on ECB euro reference rates and does not include PKR.

Why do some quotes for the yen look very different?

Some dealers quote the yen for a block of yen instead of a single yen. Check the unit before comparing.

Does a higher Bank of Japan rate always strengthen the yen?

Not always. Markets react to expectations, to rates in other countries and to global risk mood, not only to the BoJ decision itself.