The live yen-to-Swiss-franc rate, updated every minute. Book JPY→CHF with SummitFX on WhatsApp — we accept incoming JPY via SWIFT and settle CHF via SWIFT/SIC to your Swiss recipient bank.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a JPY amount to see what you'd get in CHF, or enter a target CHF amount to see how many yen you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.5–1.0% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
JPY/CHF is the mirror of CHF/JPY — read from the Japanese side. The pair moves on Bank of Japan policy, Swiss National Bank policy, and global versus European stress dynamics. Both currencies are safe-havens, so the pair reflects which safe-haven is in higher demand at any given moment. In Europe-specific stress, CHF outperforms and JPY/CHF falls; in global risk-off (especially carry-trade unwinds), JPY outperforms and JPY/CHF rises.
Bank of Japan policy: The BoJ has run the world's loosest monetary policy for decades. Slow normalisation under Governor Ueda is now under way, and every BoJ meeting is closely watched for hints of further policy shifts. Decisions and the post-meeting press conference are the biggest scheduled JPY events.
Global safe-haven repatriation: Japanese institutions hold trillions in foreign assets. In stress episodes they repatriate, generating massive JPY buying. This is the single most important driver of JPY strength during global crises — and what makes JPY/CHF rally sharply in global (rather than European-specific) risk-off.
MoF intervention threat: Japan's MoF has a long history of FX intervention. Verbal warnings often precede actual intervention. Intervention typically targets USD/JPY but affects JPY/CHF through the broader yen complex.
Japanese inflation: Japan emerged from chronic deflation only recently. Sustained inflation above 2% justifies BoJ normalisation; soft prints push expectations the other way.
Fiscal year-end (March): Japanese companies and institutions rebalance around 31 March. Repatriation flows in February-March often strengthen JPY; April typically sees yen weakness as new fiscal-year outbound flows resume. This is a predictable seasonal pattern in JPY/CHF.
Swiss National Bank policy: The SNB sets Swiss interest rates and is one of the most interventionist major central banks. Decisions, FX reserves changes, and statements from Chairman Martin Schlegel are the biggest scheduled CHF events.
European safe-haven flows: CHF strengthens in any eurozone-specific stress — debt crises, banking sector issues, geopolitical tensions. Unlike JPY which responds to global stress, CHF is primarily a European safe-haven, though its appeal extends globally.
Swiss inflation: Switzerland has structurally low inflation. Swiss CPI surprises (rare) move CHF disproportionately because they shift SNB policy expectations meaningfully.
Eurozone correlation: EUR/CHF is the most-watched cross for the franc. Eurozone stress drives CHF buying. JPY/CHF often follows EUR/CHF dynamics indirectly.
SNB FX reserves and intervention history: The SNB holds vast FX reserves accumulated through years of intervention to prevent CHF strength. The 2015 'francogeddon' is a reminder of how dramatically CHF can move on SNB action. Markets watch SNB sight deposits weekly for clues to recent FX operations.
Japan and Switzerland share a substantial bilateral economic relationship worth around CHF 11 billion annually. The corridor is dominated by Swiss exports to Japan (pharmaceuticals from Roche/Novartis/Lonza, watchmaking, luxury goods, specialty machinery) and Japanese exports to Switzerland (automobiles, machinery, electronics). The Switzerland-Japan EPA, in force since 2009, has eliminated most bilateral tariffs. Beyond trade, Japanese institutional investors (life insurers, pension funds, GPIF) hold meaningful Swiss government bond and equity positions; Japanese families with children at elite Swiss boarding schools generate distinctive corridor flow.
JPY→CHF settles via SWIFT through our Swiss correspondent network. Japan is 8-9 hours ahead of Switzerland, so Japanese morning bookings reach Europe by mid-morning UK time, before our cutoff. Afternoon Japanese bookings often miss the cutoff.
Three things most commonly cause JPY→CHF transfers to miss same-day settlement:
Late JPY arrival in UK time. Our cutoff is 11:00 UK time for same-day CHF settlement. JPY wires sent from Japan in the morning typically arrive in the UK by mid-morning UK time, but Japanese afternoon bookings often miss our cutoff. Plan to send from Japan early in their business day.
Japanese intermediary bank holds. SWIFT wires from regional Japanese banks often route through a megabank (MUFG, Mizuho, SMBC) before reaching our European correspondent. This typically adds 1-2 hours of internal processing.
Swiss or Japanese bank holidays. If Swiss banks are closed (Swiss National Day on 1 August, Christmas, New Year), CHF wires won't post. If Japanese banks are closed (Golden Week, Obon, Silver Week, New Year), JPY wires won't be initiated. Plan around both calendars.
For tight CHF deadlines — Swiss boarding school payments, supplier invoices, property completions — book the day before and let the conversion settle overnight. Forward contracts are particularly valuable for the JPY/CHF corridor given dual safe-haven volatility.
JPY/CHF is the corridor for Japanese residents and businesses with meaningful CHF obligations, plus Switzerland-bound flows from Japanese expats, investors, and corporates. Common use cases:
Switzerland is one of the most popular boarding school destinations for wealthy Japanese families seeking international education. Le Rosey, Aiglon, Beau Soleil, and Institut auf dem Rosenberg all have Japanese student populations. Termly fee schedules suit forward contracts to fix the CHF cost in JPY terms ahead of payment dates.
Japanese institutional investors (life insurers, pension funds, GPIF) holding Swiss government bonds, blue-chip Swiss equities (Nestlé, Roche, Novartis, ABB), and Swiss commercial real estate. Topping up or rebalancing positions generates regular JPY-CHF flow at scale.
Roche, Novartis, Nestlé, ABB, Holcim — all have substantial Japanese operations. Japanese subsidiaries periodically repatriate yen profits to CHF parent companies. Treasury teams use forwards to hedge predictable JPY-CHF exposure across financial years.
Japanese importers of Swiss watches, pharmaceuticals, chocolate, and specialty machinery paying CHF invoices. Tight spreads on regular high-volume payments protect margin.
Japanese high-net-worth individuals topping up or transferring to Swiss private banking accounts for diversification. These are typically large one-off transfers where broker spreads vs bank spreads make a meaningful difference.
Japanese buyers purchasing Swiss alpine property — primarily Verbier, St Moritz, Zermatt, Crans-Montana. Swiss property by foreign buyers is restricted under Lex Koller (residency, use, and quantity rules); understand the rules before committing.
You can convert yen to Swiss francs through your bank, through a transfer app, or through a broker. JPY/CHF is moderately liquid given pharma and watchmaking flows, but bank markups remain wide for retail customers — making broker access particularly valuable.
Everything clients typically ask about sending yen to Swiss francs. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. JPY/CHF is volatile because both currencies are safe-havens responding to different stress triggers — JPY to global risk-off, CHF to European stress. Rate alerts let you set a target and wait passively.
Japanese and Swiss banks typically mark up JPY/CHF by 2–4% for retail customers. SummitFX spreads are 0.5–1.0% depending on size. On a ¥50,000,000 transfer (~CHF 290,000), the saving versus a bank can run from CHF 10,000 to CHF 25,000.
If your JPY arrives with us by 11:00 UK time on a UK business day, we settle the CHF the same day. SIC delivery to Swiss recipient banks typically takes a few hours. Send your JPY wire in the Japanese morning to give the best chance of same-day Swiss settlement.
Yes — and it's particularly common for this corridor. Swiss boarding school termly payment schedules are predictable, making forward contracts ideal for locking in JPY-CHF rates ahead of payment dates. You pay a deposit (typically 5–10% of the trade) upfront and settle the balance at delivery.
No hard minimum — we handle trades from ¥100,000 to ¥1bn+. Below around ¥1,000,000 (~CHF 5,800) the spread widens slightly to cover fixed execution costs. For recurring smaller payments, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.7–1.0%, SummitFX 0.5–1.0% — with our clients also getting a named dealer and WhatsApp access.
Switzerland has been a popular destination for international education for wealthy Japanese families for over a century. Schools like Le Rosey (founded 1880), Aiglon, Beau Soleil, and Institut auf dem Rosenberg offer multilingual education (typically French, English, German), a discreet international environment, and Switzerland's general cultural appeal. The corridor generates substantial recurring JPY-CHF flow as Japanese families pay termly fees, often supplemented by additional payments for trips, music lessons, and other activities. Forward contracts are commonly used to lock in the CHF cost in advance.
Your rate is locked the moment you reply CONFIRM on a quote. Even if SNB or BoJ intervention or a risk-off event sends JPY/CHF sharply in either direction before your wire reaches us, the rate you receive stays exactly as booked. Both safe-havens can move dramatically; locking in advance is essential for any time-critical payment.
Message us on WhatsApp and we'll have a live executable rate back in seconds.