AUD to JPY Exchange Rate Forecasts for 2023

This article shows what banks are predicting for the AUD to JPY exchange rate over the long term in 2023.

The 2024 AUD JPY Forecasts are out now

With most of 2023 out of the way, attention turns to 2024.

Now that most economists have released their predictions for the AUD JPY exchange rate, head here to find out the most up to date forecasts:

AUD to JPY: Moving Steadily Down

The AUD JPY rate rose more than 15% in 2022 and is currently 101.236.  Most forecasts for the Australian dollar in 2023, have the rate heading in the opposite direction.

AUDJPY forecasts from bank majors 2023

AUDJPY Forecast Chart 2023

Source: Multinational bank aggregate data

AUD to JPY

Australian Dollars (AUD)
⇆
JPY

So is this a good rate?

101.236
Low
93.8149		 Average
98.099		 High
102.383

Today's rate is higher than the average rate to buy JPY. This chart compares today's rate to the average rate from the past 90 days.

Track this Rate

AUD to JPY

⇆
Wholesale exchange rate updated

AUD to JPY Chart

AUD to JPY Predictions in 2023

In the short term

While the banks predict the AUD to JPY exchange rate to steadily decline over the long term, there are plenty of influences on the Australian dollar and the Japanese Yen that can impact both currencies in the short term. These include:

  • Ski season in Japan and tourism is better than expected and Japan's economy bounces faster compared to Australia
  • Central bank policies to stimulate the economy is more effective in Japan than Australia, supporting the Yen
  • Japan or Australia is at risk of potential interest rate hikes as inflationary pressures continue to rise, leading to higher exchange rates
  • China’s demand for Australian commodities grows relatively more than Japanese manufacturing imports supporting the AUD
AUDJPY performance

What do bank analysts think about the AUD JPY in the long term?

The best time to exchange AUD to JPY

If you are travelling to Japan for the ski season and need to buy Japanese Yen, the best AUD to JPY exchange rate is when it is high. Alternatively, if you are selling Japanese currency either in cash or through a transfer, you want the rate to be as low as possible.

Whether you are buying or selling NZ dollars, no one can tell you when this "right" time is, but you can track the rate for free.

You set the rate you would like and let us to the work. We will email you when the AUD gets within the range you would like to buy Japanese Yen.

Latest AUD JPY news

Best Ways to Take Money to Japan

Cash in Japan

Japan is renowned for being technologically advanced yet cash is still the most predominant payment method across the country. In fact, four out of five purchases are still made with cash. With foreign-friendly ATMs still somewhat elusive and over-the-counter card payments patchy, the best way to take money to Japan involves combining a number of options. Here’s a comprehensive guide to ensure you have a smooth and enjoyable trip, covering getting cash in Japan, money exchange and ATMs.

2024 AUD JPY Forecasts

The Australian dollar (AUD) could be set to weaken against Japan’s Yen (JP¥) in 2024 if its central bank starts to unwind the country’s ultra-loose monetary policy settings. The Australian dollar (AUD) has traded around decade highs against Japan’s Yen (JP¥) in 2023 although the situation may be set to change as its economy begins to stir, according to analysts. The potential turnaround follows a strong year for the AUD against the JP¥, peaking at almost JP¥97.5 in June 2023 before falling to JP¥92.76 in August. Japan’s strong currency also helped underpin surging inbound tourism after it re-opened in October […]

5 Best Travel Money Cards for Japan

Best Travel Money Cards for Japan

Whether you’re aiming to experience Tokyo’s bustling cityscape or Kyoto’s serene temples, selecting the right travel money card is great for managing your finances smoothly. Traditionally, Japan relied heavily on cash. In the last 6 years however, the use of foreign currency in cash has been falling. You will likely pay for accommodation and restaurants with a card. So, which is the best travel card to take with you? We have compared the best travel money cards to take to Japan in 2024 and have summarised their best points.

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