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Converting US dollars to Yen
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2013/3/25 06:52
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Hello! What is the best way (cheapest) to convert US dollars to Yen in Japan? Is it better to bring traveller checks? Thank you very much Adva
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by Ga2013
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Re: Converting US dollars to Yen
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2013/3/26 01:25
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Go to a Post Office or a 7-11 and get cash from their ATM. Use your bank debit card, not a credit card. Tell your bank and your credit card company (You need a credit card for hotels and bigger expenses) that are you going to Japan, where, for how long.
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by Red frog (guest)
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Re: Converting US dollars to Yen
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2013/3/26 09:43
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keep in mind that the rate you get at the ATM is lower than the actual exchange rate.
For example the rate for $1 USD is currently 94.19 yen, but you will probably only get ~91 yen per USD at the ATM.
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by sss (guest)
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Re: Converting US dollars to Yen
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2013/3/26 17:08
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Hello!
Is there any site to see what kind of rates do 7-11 ATMs and Post Office ATMs offer? Pondering if I should change my EUROs here in my homecountry or at KIX or just withdraw the money from ATM at Japan.
The current rate my exchange company is offering is 1euro = 116 yen.
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by kukko (guest)
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Re: Converting US dollars to Yen
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2013/3/27 00:52
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I believe the conversion is done by your home bank, not by the withdrawal atm's bank. In any case, most people's travel budget for cash purchases is somewhat low, so I think convenience should be the biggest factor. In which case, ATM's win handily. Sometimes I take US$ cash to Okinawa as they don't have 7-11's, and the banks often take 30 minutes for an exchange transaction.
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by ChicagoMike
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Re: Converting US dollars to Yen
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2013/3/28 09:37
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Amazingly, yes, bring traveler's checks! For some reason traveler's checks get a better exchange rate even than cash in Japan. You can change money at the airport, but if you're staying at at least a nice-ish hotel they can probably change money for you there as well.
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by Harimogura (guest)
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