Finance Minister Notice—Base and Arbitrage Exchange Rates

The Finance Minister Notice is a notice concerning the base and arbitrage exchange rates presented by the International Department of the Bank of Japan.

The document is structured in the order of “1. Base Exchange Rate” and “2. Arbitrage Exchange Rates.” The latter includes rates for designated currencies, the arbitration method for other currencies, and reference information on market rates against the U.S. dollar.

“2. Arbitrage Exchange Rates” presents 115 yen for the currency of Canada, 24 yen for the currency of the People’s Republic of China, 17 yen for the currency of the Kingdom of Sweden, 201 yen for the currency of the Swiss Confederation, 214 yen for the currency of the United Kingdom of Great Britain and Northern Ireland, and 185 yen for the euro, each expressed in Japanese currency per currency unit.

Other currencies are arbitrated using the market rate of the relevant currency against the U.S. dollar during June 2026 as the base exchange rate. For currencies for which a market rate against the U.S. dollar is unavailable, arbitration is conducted using the market rate against a currency with an arbitrage exchange rate. The reference section lists market rates against the U.S. dollar for numerous currencies, while the rates other than those above are described as the average market rates during the same period.