JPY to BDT Remittance Calculator

The mid-market rate is the midpoint between the prices banks buy and sell a currency at, the rate you see on Google or in the currency converter. Money transfer services usually give you a lower rate and keep the difference, so it is a fair yardstick for what a transfer really costs.

Take what you pay in total, fee included, and convert it at the mid-market rate. Take away what actually arrives. The gap is the true cost: the fee plus the margin hidden in the rate. For example, if you pay 1,015 riyal and 1,000 is converted at 31.80 taka instead of 32.20, 32,683 taka would be fair but 31,800 arrives, a cost of 883 taka, about 2.7%.

No. A service with no fee often gives a lower rate, and the margin in the rate can cost more than another service’s fee. Compare the amount that arrives, or the real rate after fees, not the fee alone.

Some services add the fee to what you pay (send 1,000 and pay 1,015). Others take it from the amount you hand over (pay 1,000 and only 985 is converted). Pick the one your service uses so the totals match the receipt.

Bangladesh has paid a government cash incentive on money sent home through banks and licensed channels, 2.5% of the amount for many years, credited on top of what arrives. The rate and the rules can change, so check with your bank and enter the current rate in the incentive box.

Compare two or three offers on the same day, since rates change daily. Sending a larger amount less often usually cuts the share lost to flat fees. Use licensed channels: informal transfers like hundi or hawala are illegal in many countries and give no protection if the money goes missing.

Rates here are the daily mid-market rates. Banks, exchange houses and apps set their own rates, which change during the day and are usually a little lower. Type the rate you are actually quoted into each offer.