Yen Exchange Rate Watch

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bluetwinkle

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Eddied said:
I was wondering if the rates in Japan are lousier than if I were to change euros to sgd then withdraw from atm :s11:
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About 6 years back, I passed by a couple of banks in Sapporo. The exchange rates shown were terrible. I will advise against changing money in Japan if nothing has changed.

If there is no waiver of service fee, I won't withdraw from ATM either.
 
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nemo88

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bluetwinkle said:
If there is no waiver of service fee, I won't withdraw from ATM either.
Click to expand...

Actually if you can't change cash with money changers in Singapore, ATM exchange rates are very competitive with the right bank. Citibank has no fees and very competitive exchange rates, I kept my Citibank acct and ATM purely as a back-up option for my travel. A number of US-based bank cards also have no fees.

And honestly given how much the EUR has dropped against SGD in the past week, I think the OP is losing out no matter what. Double exchanges is never in your favour. So even a rather poor EUR>JPY cash exchange rate is unlikely to be very much worse than a EUR>SGD>JPY e-transfer.
 
Eddied

Eddied

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bluetwinkle said:
About 6 years back, I passed by a couple of banks in Sapporo. The exchange rates shown were terrible. I will advise against changing money in Japan if nothing has changed.

If there is no waiver of service fee, I won't withdraw from ATM either.
Click to expand...
nemo88 said:
Actually if you can't change cash with money changers in Singapore, ATM exchange rates are very competitive with the right bank. Citibank has no fees and very competitive exchange rates, I kept my Citibank acct and ATM purely as a back-up option for my travel. A number of US-based bank cards also have no fees.

And honestly given how much the EUR has dropped against SGD in the past week, I think the OP is losing out no matter what. Double exchanges is never in your favour. So even a rather poor EUR>JPY cash exchange rate is unlikely to be very much worse than a EUR>SGD>JPY e-transfer.
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Ah I see thanks, think I'll withdraw from atm

Sent from :bandit: using GAGT
 
darkmatt

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I withdrew from Citibank atm in my trip last year. $2.xx service charge for 10k yen only. not ex
 
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nemo88

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darkmatt said:
I withdrew from Citibank atm in my trip last year. $2.xx service charge for 10k yen only. not ex
Click to expand...

Wah I thought Citibank no service charge? Has things changed? Or as in you only ended up paying about $2+ above spot rate for the withdrawal?
 
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laeticia

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nemo88 said:
Actually if you can't change cash with money changers in Singapore, ATM exchange rates are very competitive with the right bank. Citibank has no fees and very competitive exchange rates, I kept my Citibank acct and ATM purely as a back-up option for my travel. A number of US-based bank cards also have no fees.

And honestly given how much the EUR has dropped against SGD in the past week, I think the OP is losing out no matter what. Double exchanges is never in your favour. So even a rather poor EUR>JPY cash exchange rate is unlikely to be very much worse than a EUR>SGD>JPY e-transfer.
Click to expand...
Citibank no longer has an atm presence in Japan due to the sale of their retail banking side to a Japanese bank. You can still use your atm to withdraw cash but you will have to pay the service charge

Sent from LG V10 using GAGT
 
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