Yen Exchange Rate Watch

Chirashi

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For those planning on trips in Japan weeks or months away, try changing your yen over different periods to avoid sudden fluctuations in currency.

Lets say we're planning on a trip in Oct, and the rate is Y1000 = $15.50 in July and we buy Y200000 which cost us $3100 now.

Then say next month Aug the yen rose to Y1000 = $16.00, that would be a $100 diff compared to a month before!

And if you're lucky and the yen drops to Y1000 = $15.00 in Oct, you can buy more yen to supplement your coming trip's expenditure. Of course, the opposite may also happen when the yen appreciates and we'll start to thank ourselves for changing the yen earlier :)

But if you're changing in terms of millions of yen, why not try investing in the market to plan for some small profits before the trip. Or if you're a low risk-taker then keep it safe in the bank where it can at least get some interest, heh..
 

bryando

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Saw one displaying 15.36 but he ran out of JPY, so no choice went to another shop at Arcade, changed at 15.38 instead. Hope the rates drop some more, will be flying off tonite.....
 

chanvh

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tsk tsk... yah I would think it will hover above 15.25 hehe... until Feb or something.
 

chanvh

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you can try Arcade, scout the area for the better rates. be quick it seems to be going above 15.2 again soon.
 

evilerniex

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cool.... where can change???
normally change how much best?

usually Arcade at raffles place rate are good. chinatown also.

change how much as in wat rate to change? tt one is up to urself loh. the rates are gg up and down, no one knows wat is the best rate to change at. if u are gg japan soon, i guess today's rate is pretty good.
 

chanvh

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bro , I made a short calculation for you. if you consider the Yen go down even by 0.5 points, which is 15.2 to until 14.7 (which is highly unlikely within these 3 months), you save the most $16.5 with $500 change...
 

pker88

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hahaa ya YEn is stableized for now
Even keitai phone price is coming down
 

chanvh

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ai ya then like that no need to change unless your trip 6 months like that then go ahead. if wan to plan like stars he change everytime and do dollar cost averaging la, each time see price dip change a little then year end got good value on average lor. try target a price point (which is realistic) then go for it. $500 ok la. go change la. If holding $5,000 then something diffferent :)
 

zx

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I cheong to Raffles Place to change just now. Only Sheen International selling at 14.85. The rest still selling at 15.07. I checked all the shops at the Arcade.
 
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