HomeХобби и стильRelated VideosMore From: TheJapanChannelDcom

Japan - How to #107 - Currency Exchange

307 ratings | 17917 views
Check out our channel for hundreds more Japan videos! http://www.youtube.com/user/TheJapanChannelDcom?feature=mhee
Html code for embedding videos on your blog
Text Comments (61)
Lerone Williams (3 years ago)
Why exchange USD anyway? Doesn't every store in almost every country take American money?
TheJapanChannelDcom (3 years ago)
No, They don't. Very few countries accept USD.
Sam Fritschner (4 years ago)
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.
ulutiu (1 year ago)
it's not only american airports, but in general airports, railway stations and places visited by tourists.
VideoGamerBox (4 years ago)
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.
Ron Cecchetti (3 years ago)
+VideoGamerBox i think its best to get a quote and exchange at your bank. they usually have a better exchange rate.
RasberryTart Smiley (5 years ago)
whos "we"?
清水ケビン (5 years ago)
I withdraw it from the bank in Japan and I got the same rate as at the stock market
Mar-Works (5 years ago)
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.
Confrontationify (5 years ago)
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.
Jon Steele (5 years ago)
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
Jon Steele (5 years ago)
The rate can change every 15 minutes during operating hours
KuroiNeko2bz (5 years ago)
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
reshjuk (5 years ago)
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.
reshjuk (5 years ago)
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.
reshjuk (5 years ago)
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.
kromo770 (5 years ago)
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.
22KaTsh (5 years ago)
It's to discourage "whitewashing" of illegally obtained funds, tax evasion etc.
irgendwerjoker (5 years ago)
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)
bigudukaz (5 years ago)
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...)
Otaku InAlaska (5 years ago)
I meant 1000 jpy vs 10,000 jpy notes.
Otaku InAlaska (5 years ago)
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?).
Kastoli (5 years ago)
So cute how you keep stuttering and start saying "Australian" instead of Japanese/American.
Vin496 (5 years ago)
Thanks, appreciate the response.
Ken Jessup (5 years ago)
I always wait till I get to my hotel...my first trip I was ripped off at an airport, I learned quick to wait...now I always keep plenty of yen on hand for my trips over to Japan
Tony Marano (5 years ago)
I have been using the bank I have accounts at here in the USA. If I have yen left when I return, the bank takes it back.
Ray Comfort (5 years ago)
Another place you can get it is beating up old ladies in the street.
gbalmain (5 years ago)
Very timely subject as i just bought some today for my trip in august i bought 100,000 yen cost me AUD1,066 at my bank, they took there cut of course the official rate was 97 yen to a dollar and they sold it to me 93 but better than travelex who where selling it for 89
TheGstar112 (5 years ago)
hey man what do u do?? u seem to be living nicely in japan, what do u do do u mind sharing??
90sNissanFan (5 years ago)
For those traveling from the US, the form asks if you have more than $10k USD or its equivalent in currency.
dman100percent (5 years ago)
I do a bit of travelling & buying stuff on so I know about the rates cause I always look at the currency boards & converters, to bad I'm with a bank that has bad conversion fees, it's alright otherwise.
Hard4Jesus (5 years ago)
I always thought that when most people wanted to bring cash into another country they would have cashier checks instead. On a count that it's better, especially if you were to lose your money.
MtotheM (5 years ago)
How much yen are you allowed to bring into Japan in bills? does Japan have a limit like USA's $10,000 dollar limit?
KeiC森 (5 years ago)
love cover picture LOOL
Lin612 (5 years ago)
Haha, nice thumbnail, ya look like you're in a rap video :P
Andhaka Efiel (5 years ago)
In Canada we almost always have to deal with exchange rates. Many times if we would like Yen, it would say ex: 500 = 5 USD, so we have to change our CAD to USD then to JPY. Also, xe.com is a good site for knowing the exchange rate.
TheChaosPsyke (5 years ago)
Awesome video, thanks for the advice!
Lildizzle420 (5 years ago)
as long as your bank doesn't charge foreign transaction fees which is expensive, some banks do not
Wekub (5 years ago)
It's also worth noting that Visa-accepting ATMs can be found in 7-Elevens (at least the ones in Tokyo and Kyoto). This can be immensely useful for visiting "Visaists" wishing to withdraw some moneh.
Lildizzle420 (5 years ago)
lol i believe it was 6,000 yen an hour in Shinjuku, at least that's what was being offered to me. if they dont walk up and ask then just go stand by a black man and wait to see if he invites you to his bar to look at some girls lol im just saying that we would cross the street to avoid them because honestly, they are very friend and polite and it feels rude but you really just have to ignore them and keep walking but they have tourist radar and WILL find you. they are relentless..... jk ...kinda
The Doctor (5 years ago)
Who else, based on the title and thumbnail, thought this was a video about how to get a job in Japan? lol What? Just me?
Lildizzle420 (5 years ago)
i believe it is Chase bank that does not charge foreign transaction fees, which means you are more likely to get a decent exchange rate, because your not getting charged the exchange fee and you can use the ATM in other countries like Japan, or just use your credit/debit card at stores that accept your card from Chase bank. its best to take some cash because not all places will accept your card but from research i have done, any international bank/ credit card is pretty universal for all nations
The Doctor (5 years ago)
Jeez lol Your thumbnail is well over 60,000円 in cash lol. Makes me wonder if you normally carry that around or if you withdrew it just for this shot lol.
Breanna G (5 years ago)
Those are just for credit cards.
michaelXXLF (5 years ago)
I guess you need to start a faq page.
kledder2 (5 years ago)
Another way is to buy a gold bar if the price of gold is lower in your country than it is in Japan. And when you arrive in Japan you just sell it there.
kledder2 (5 years ago)
Banks, Postoffices and airports. That's it ;).
2nguyen2 (5 years ago)
Where can i find cheap hookers in Japan ?
KevInKobe (5 years ago)
There's probably no limit, but like he said, you might be delayed for looking suspicious.
KevInKobe (5 years ago)
My mom bought a 2 euro umbrella with a 10000 yen note. It was kinda funny. It's probably easier to use big notes outside Tokyo. We asked if it was ok beforehand and they were happy to accept it.
murraysdreams (5 years ago)
Really informative, thanks.
X8802 (5 years ago)
Currency exchange is a scam. Buy and sell should be the same. Con artisdts.
Perdomot (5 years ago)
Just came back from my trip to JPN and decided to try getting my money solely from ATMs at 7-11 and post offices this time around. I checked how much yen I would get for $1500 from my bank before the trip and compared it to how much I got including the fees. It turned out I saved $46 by getting it from the ATM in JPN so I recommend doing it that way.
mishels (5 years ago)
In both times I came to Japan, they asked how much money did I bring but they didn't mention there is any limit. One lady from the airport staff told me that it doesn't matter how much I bring, I can bring however I want. I think the limit might be only for Japanese people or people living in Japan because then they have to declare it and maybe pay some taxes on it. (not sure though) If I bring some expensive piece of electronics I bought on a trip back to my country, I have to pay taxes on it.
Dravous Wild (5 years ago)
if you follow politics, it'd be best to just not get yen right now to the best of your ability.
TheJapanChannelDcom (5 years ago)
That varies from airport to airport. One international airport in Japan currently has a competitive battle going on between Travelex and the airport's own changing counter. The result is some very good rates. That is why our advice is to compare. (But if people are only changing a small amount, the time and money they save changing at the airport maybe cheaper than traveling to a bank or post office.)
Erik (5 years ago)
In which unit ?.?
TheJapanChannelDcom (5 years ago)
Buy price and sell price.
TheInconspicuousMan (5 years ago)
I was wondering this yesterday. Thanks for the video.
Andrew Haverson (5 years ago)
I noticed on the example of the exchange rate board, there was 2 sets of numbers. In the example of Canada it said 0.9512 and 0.8883. What does each set represent?
Troy Clark (5 years ago)
Thank you for the video.

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.