Japanese Yen Exchange Currency Tips: Four Ways Revealed 🇯🇵💱

The Japanese yen has really been on a roller coaster lately! The exchange rate of the New Taiwan Dollar to the Japanese Yen dropped from 4.46 in January this year to a low of 4.28 in April, and now it has surged to around 4.94. The yen is starting to weaken again. Want to go to Japan? Or are you interested in the yen? Come and check out some tips for exchanging yen!

Why exchange Japanese Yen? 🤔

The demand for travel is evident, but the yen is actually not just for travel purposes:

daily use

• Go to Japan. Many small shops still only accept cash!
• Purchasing demand. It is more convenient to pay in Japanese yen directly to the agent. 🛍️
• Working while studying abroad. It's better to exchange first for peace of mind. 🎒

financial perspective

• Safe-haven currency. When the market is unstable, the yen often appreciates. A bit magical. 🛡️
• Arbitrage tool. Japan's long-term low interest rates are often used to finance the purchase of other things. 🏦

Four Ways to Exchange Japanese Yen Comparison 📊

1️⃣ Bank counter exchange

It is the exchange rate for "selling cash." It's comparatively expensive! Currently, the exchange rate at Taiwan Bank is about 0.2024 TWD for 1 JPY.

Benefits: Safe, someone helps you point the money Disadvantages: The exchange rate is poor Who is suitable: People who dislike trouble, elders 👵

2️⃣ After exchanging online, go withdraw the money.

First, buy Japanese yen in the foreign currency account, then go to withdraw. The exchange rate is better.

Benefits: Can be exchanged anytime, and can also catch low points 📈 Disadvantages: You need to open a foreign currency account, and there are fees for withdrawing money. Who is suitable: Those with some forex experience 💼

3️⃣ Online Currency Exchange and Withdrawal

Make an appointment to exchange currency on the bank's website, and go to pick up the money at the agreed time. Simple!

Benefits: No need for a foreign currency account, and sometimes there are discounts 🔥 Disadvantages: Must make a reservation in advance, cannot change the location at the last minute Who is suitable: Travelers who want to get money at the airport ✈️

4️⃣ Foreign Currency ATM Withdrawal

24-hour service, but not many locations.

Benefits: Super convenient, deducts money from TWD accounts and saves on fees 🏧 Disadvantages: Machines are not everywhere, and there are few denomination options. Who is suitable: People in a hurry, those in urgent need of cash at the airport 🚶‍♂️

Which is the most cost-effective? 💰

Pursuing good exchange rates: Online currency exchange > Online settlement > Foreign currency ATM > Over-the-counter

Pursuing convenience: Foreign currency ATM > Online currency exchange > Over-the-counter > Online exchange

Is it cost-effective to exchange for Japanese yen now?📉📈

I feel that October 2025 is a turning point! The USD to JPY was still around 158 earlier this year, and after the Bank of Japan raised interest rates, it strengthened to 145.19, but later fell back to 153-155. The TWD to JPY has now broken 4.90, approaching a 5-year high! 🚀

The trend of the yen seems to be influenced by three factors:

1. The Bank of Japan is tightening its policy
2. The interest rate differential between the US and Japan has widened.
3. The global economy is not very stable.

For those going to Japan, it seems quite advantageous to exchange now. However, exchanging in batches might be smarter. 🌕

Tip: 10,000 New Taiwan Dollars can now be exchanged for about 49,400 Japanese Yen, which is 5,000 more than last year! Remember to bring your ID and passport to exchange money.

Want to buy explosive Japanese or invest in Japanese yen? Master these tips to make your money more valuable!💴✨