Mid-market rate 1 USD = 160.197112 JPY (ECB reference, 2026-06-12). Below: how much japanese yen the recipient actually receives at three common send sizes, after each provider's margin + fixed fee.
At a $5K-equivalent transfer, Wise delivers ¥16,961.95 more to the recipient than Western Union — a 2.13% end-to-end difference.
| Provider | Recipient gets | Total cost |
|---|---|---|
RevolutCheapest App-native; free within plan limits, then ~0.5–1% margin. | ¥159,396.13 | $5.00 0.5% |
Wise Mid-market FX with a small explicit fee. | ¥159,237.01 | $5.99 0.6% |
OFX No fixed fee; B2B-grade margins on $1K+ transfers. | ¥158,835.44 | $8.50 0.85% |
Xe Established broker; competitive on mid-size transfers. | ¥158,675.24 | $9.50 0.95% |
Western Union Largest cash-pickup network globally; pricier on FX. | ¥155,411.22 | $29.88 2.99% |
Remitly Remittance-focused; cash-pickup networks in receiving countries. | — | — |
| Provider | Recipient gets | Total cost |
|---|---|---|
WiseCheapest Mid-market FX with a small explicit fee. | ¥797,141.91 | $23.99 0.48% |
Revolut App-native; free within plan limits, then ~0.5–1% margin. | ¥796,980.63 | $25.00 0.5% |
OFX No fixed fee; B2B-grade margins on $1K+ transfers. | ¥794,177.19 | $42.50 0.85% |
Xe Established broker; competitive on mid-size transfers. | ¥793,376.2 | $47.50 0.95% |
Western Union Largest cash-pickup network globally; pricier on FX. | ¥780,179.96 | $129.87 2.6% |
Remitly Remittance-focused; cash-pickup networks in receiving countries. | — | — |
| Provider | Recipient gets | Total cost |
|---|---|---|
WiseCheapest Mid-market FX with a small explicit fee. | ¥1,594,523.04 | $46.49 0.46% |
Revolut App-native; free within plan limits, then ~0.5–1% margin. | ¥1,593,961.27 | $50.00 0.5% |
OFX No fixed fee; B2B-grade margins on $1K+ transfers. | ¥1,588,354.37 | $85.00 0.85% |
Xe Established broker; competitive on mid-size transfers. | ¥1,586,752.4 | $95.00 0.95% |
Western Union Largest cash-pickup network globally; pricier on FX. | ¥1,561,140.89 | $254.87 2.55% |
Remitly Remittance-focused; cash-pickup networks in receiving countries. | — | — |
For each provider:
Provider margins are typical retail-customer figures observed on each provider's own price calculator across major corridors (last reviewed 2026-04-29). They vary by corridor, time of day, payment method, and account tier — get a real-time quote at the “Quote” link in the table for your exact transfer.
We assume bank-funded online transfers, which is the cheapest path everywhere we sampled. Debit / credit-card funding adds 1–3% on top across providers. Western Union's walk-in cash price is meaningfully worse than online; we model online.
Last reviewed
April 29, 2026
Reviewed by
infoz Editorial Team — Editor, ZMedia Global Corp
Provider margins reviewed quarterly across major corridors. Mid-market reference rates from ECB 2026-06-12.
Numbers, schedules, and source citations on this page are checked against primary sources during each review cycle. Spot something outdated or wrong? Report an inaccuracy — we triage every report within 7 days.
Provider links are nofollow + sponsored. Not financial advice. See disclaimer.