Remitting from Japan to Philippines

The following table shows how much it costs to remit money from Japan To Philippines. Click on column headings to sort the data.

Note: Corridor averages are unweighted and do not reflect the market shares of the different firms that compose the average. For comparability purposes, the two initial USD reference amounts of $200 and $500 were kept. In the third quarter of 2009, the amounts in local currency were adjusted in order to reflect foreign exchange fluctuations.

How much does it cost to remit?

FromTo
Find out by selecting sending and receiving countries below:
Collection period for Third quarter 2009 | First quarter 2009 | 2008 
See prices in JPY | USD 
See prices in JPY | USD 
See prices in JPY | USD 
1900048000
 Total cost 
Firm nameFirm typeFee
(JPY)		Exchange rate
margin (%)		Percent (%)JPY Transfer speedNetwork Coverage

Date

Money GramMTO1500.002.4110.301957.00 Less than one hourNationwideSep 27, 2009
PNB (Philippine National Bank)Bank2000.004.1314.662785.40 Same dayNationwideSep 27, 2009
PNB (Philippine National Bank)Bank2000.004.1314.662785.40 3-5 daysNationwideSep 27, 2009
Metro BankBank2000.004.2314.762804.40 3-5 daysNationwideSep 27, 2009
Japan Post BankBank2500.001.8014.962842.40 6 days or moreNationwideSep 27, 2009
Japan Post BankBank2500.001.8014.962842.40 6 days or moreNationwideSep 27, 2009
Bank Average 2200.003.2214.802812.00
MTO Average 1500.002.4110.301957.00
Total Average 2083.333.0814.052669.50
Total Average in First Quarter 2009 2000.002.4812.012281.90
200500
 Total cost 
Firm nameFirm typeFee
(USD)		Exchange rate
margin (%)		Percent (%)USD Transfer speedNetwork Coverage

Date

Money GramMTO15.792.4110.3020.60 Less than one hourNationwideSep 27, 2009
PNB (Philippine National Bank)Bank21.054.1314.6629.32 Same dayNationwideSep 27, 2009
PNB (Philippine National Bank)Bank21.054.1314.6629.32 3-5 daysNationwideSep 27, 2009
Metro BankBank21.054.2314.7629.52 3-5 daysNationwideSep 27, 2009
Japan Post BankBank26.321.8014.9629.92 6 days or moreNationwideSep 27, 2009
Japan Post BankBank26.321.8014.9629.92 6 days or moreNationwideSep 27, 2009
Bank Average 23.163.2214.8029.60
MTO Average 15.792.4110.3020.60
Total Average 21.933.0814.0528.10
Total Average in First Quarter 2009 19.052.4812.0124.02
2100052000
 Total cost 
Firm nameFirm typeFee
(JPY)		Exchange rate
margin (%)		Percent (%)JPY Transfer speedNetwork Coverage

Date

MoneyGram (Banco Itau SA)Bank/MTO1500.001.538.681822.80 Less than one hourN/AFeb 12, 2009
PNB (Philippine National Bank)Bank2000.003.1712.702667.00 Same dayN/AFeb 12, 2009
PNB (Philippine National Bank)Bank2000.003.1712.702667.00 3-5 daysN/AFeb 12, 2009
Japan Postal BankBank2500.002.0513.952929.50 6 days or moreN/AFeb 12, 2009
Bank Average 2166.672.8013.122755.20
Bank/MTO Average 1500.001.538.681822.80
Total Average 2000.002.4812.012522.10
Total Average in 2008 2000.002.8812.412606.10
200500
 Total cost 
Firm nameFirm typeFee
(USD)		Exchange rate
margin (%)		Percent (%)USD Transfer speedNetwork Coverage

Date

MoneyGram (Banco Itau SA)Bank/MTO14.291.538.6817.36 Less than one hourN/AFeb 12, 2009
PNB (Philippine National Bank)Bank19.053.1712.7025.40 Same dayN/AFeb 12, 2009
PNB (Philippine National Bank)Bank19.053.1712.7025.40 3-5 daysN/AFeb 12, 2009
Japan Postal BankBank23.812.0513.9527.90 6 days or moreN/AFeb 12, 2009
Bank Average 20.632.8013.1226.24
Bank/MTO Average 14.291.538.6817.36
Total Average 19.052.4812.0124.02
Total Average in 2008 19.052.8812.4124.82
2100052000
 Total cost 
Firm nameFirm typeFee
(JPY)		Exchange rate
margin (%)		Percent (%)JPY Transfer speedNetwork Coverage

Date

MoneyGramMTO1500.001.368.501785.00 Instant-May 20, 2008
Western UnionMTO2500.002.0413.952929.50 Instant-May 20, 2008
PNB (Philippine National Bank)Bank2000.005.2514.773101.70 Same day to PNB account, otherwise 3-5 days-May 20, 2008
Bank Average 2000.005.2514.773101.70
MTO Average 2000.001.7011.222356.20
Total Average 2000.002.8812.412606.10
First Quarter 2009  2000.002.4812.012522.10
Corridor note
  • Due to the rounding up of decimal places for website compatibility, differences between the exchange rate charged and the interbank exchange rate may not be apparent in the table. The relevant RSPs do offer slightly different exchange rates, which are reflected in the exchange rate margin.
    • 200500
     Total cost 
    Firm nameFirm typeFee
    (USD)    		Exchange rate
    margin (%)    		Percent (%)USD Transfer speedNetwork Coverage

    Date

    MoneyGramMTO14.291.368.5017.00 Instant-May 20, 2008
    Western UnionMTO23.812.0413.9527.90 Instant-May 20, 2008
    PNB (Philippine National Bank)Bank19.055.2514.7729.54 Same day to PNB account, otherwise 3-5 days-May 20, 2008
    Bank Average 19.055.2514.7729.54
    MTO Average 19.051.7011.2222.44
    Total Average 19.052.8812.4124.82
    First Quarter 2009  19.052.4812.0124.02
    Corridor note
  • Due to the rounding up of decimal places for website compatibility, differences between the exchange rate charged and the interbank exchange rate may not be apparent in the table. The relevant RSPs do offer slightly different exchange rates, which are reflected in the exchange rate margin.