Japan - How to #107 - Currency Exchange | Tokyo
Information | History | View | Sightseeing | Video
Check out our channel for hundreds more Japan videos! http://www.youtube.com/user/TheJapanChannelDcom?feature=mhee
Comments
-
Why exchange USD anyway? Doesn't every store in almost every country take American money?
-
When I was last in Japan, the exchange rate at the departing American airport was ridiculously bad; my recollection is that the charge was close to 20% (that is, a 40% spread for buying or selling yen), plus whatever commission they might take.
When I got into Narita airport, the exchange charge was about 7% difference each way, much better than at the American airport, but still not all that great. My best deal was withdrawing cash from a cash machine as I needed it. I found that worked a lot better.
I don't know where the cash machines are in Tokyo or other cities but they should be easy to find, and may be attached to the post offices. In Kyoto there is a bank of cash machines in an area of the post office just to the right of the front entrance of the main train station.
Whatever you do, try to avoid buying and selling your yen at the American airports. I hold out a hope, perhaps overly optimistic, that if enough people stopped doing this the law of supply and demand would drive the charges down. -
Doing exchanges at the airport will charge you a higher fee and give you a worst rate. This is to be avoided at all costs.
-
whos "we"?
-
I withdraw it from the bank in Japan and I got the same rate as at the stock market
-
A tip for Canadians, you can get good prices with your home Bank branch where you normally do business, RBC you have to order the money ahead of time 3days before your trip to up to a week depending on where you are. You will get a better rate then those cash exchange places when buying Japanese funds then doing it at the airport.
-
their are quite allot of people who make money on via exchange rates, (what the banks do). what i and a few other people did was before out money crashed we transfered it into a weaker we would get money in transfer 1:10 and later transfered it at 4:1 back to my money. £10 would of made me , £15.
-
If you are in canada, consider changing your money prior to coming. The way I understand it now that I am here is that since CAD is not a reserve currency they don't give as good of rates. The best rate I found in Canada was at Calforex. Also I think if you want to bring something other than Yen consider USD or just using your debit card at the Japanese Post ATM's
-
The rate can change every 15 minutes during operating hours
-
They denied a twenty dollars bill I had because it had a small hole in it... So maddening x.x i'll try changing it in the post office or the tri bank close to my house... 2 thousand yen is actually pretty handy
-
I did not use a credit card in Japan at all. Using cash was very easy and people should not be afraid of doing so.
-
When I got back home, I took the remaining yen paper bills (they don't take coins) to the office of my bank to be changed back to euros. This also cost me 3.50 euros. So it cost me 7 euros in total.
-
I ordered my yen cash from my bank in Finland to be delivered to the airport in Finland. I used the website of the bank to order the money so I did not have to leave my home to place the order. I picked up the yen cash from a service counter at the airport before going to the baggage drop. It cost me 3.50 euros. This was very easy, quick and cheap.
-
You also might want to consider buying a small amount of money each week if you are planning a trip., this will allow you to offset fluctuations in the market.
-
It's to discourage "whitewashing" of illegally obtained funds, tax evasion etc.
-
You'll get best rates at a Japanese Yubinkyoku (Post office). However: Only major Post Offices can change, they usually have opening hours from 9 to 16, and they are not located at the airports (however usually at majors stations). They have _far_ better rates than Japanese banks, especially at the airport (but also at their regular branches)
-
What about cashing money from cash machine at banks..? or do they charge insane amounts for this "luxury". When i travel i simply use my debit card to cash in the foreign country, and fairly often i find the one, that is free of charge and as my bank doesnt take money from me for paying/cashing in other countries i end up paying only for "exchange rate" - no additional fees as people get in banks/exchange kiosks etc...(some get as high as 10 euros for currency exchange...)
-
I meant 1000 jpy vs 10,000 jpy notes.
-
I'm planning my first Japan Trip (a year in planning) for next year. I understand HOW to exchange money now... but what would be the best denominations to exchange it to? Say 2-3 wk trip, $3000-$5000 US. It seems like a lot of 100 JPY notes, or 10,000 JPY notes (isn't that too big for convenience store purchases?).
-
So cute how you keep stuttering and start saying "Australian" instead of Japanese/American.