Hello All,
Should I be exchanging AUD to YEN while in Melbourne or do it in Japan?
If in Melbourne where should i go, and what's a good exchange rate?
At the moment sitting on '1 Australian Dollar equals 82.81 Japanese Yen', does that mean $1AUD = 83 cents AUD?
Thank youu
OP, tell you what, I'll give you 8300 cents AUD and you give me 100AUD, ok?
First time out of Oz never bothered knowing, plz forgive me master of all.
It's not that hard…
You give them 1 AUD.
They give you 83 YEN.
How easy was that?!?
At the moment sitting on '1 Australian Dollar equals 82.81 Japanese Yen', does that mean $1AUD = 83 cents AUD?
OMG
It means one Australian Dollar buys 82.81 Japanese Yen.
It also means 100 Japanese Yen buys $1.21 Australian Dollars.
Get a Citibank Plus account and use ATM to get currency when in Japan.
I suggest you read similar answers on your previous Japan posts.
It also means, although we might sort of know this stuff, the OP has the last laugh- They are the ones going to Japan.
your doing it wrong.. dont bother with money exchange. Citibank Plus, use ATM. best rates, free, easy..
Not sure why you got negged.
It's true - don't change money at an exchange place here - wait till you get to the country and withdraw from the ATM using an OzB approved card for no fees and extra charges.
I'm heading to Japan on friday and will exchange when I arrive at Narita airport using my citibank debit card.
have a good trip
Safe travels Altomic-san
Yep - this is the way to do it
We use Qantas Cash Card and Amex/Maste Card. Also ge a Passmo Card for Convenienc Stores, bus and Train.
Another good tip, although you can get around just fine buying tickets at the train station.
And you can use it at Kinokuniya and vending machines too
does that mean $1AUD = 83 cents AUD?
http://i.imgur.com/M2bZq.gif we've reached a point where ozb forums are almost synonymous with this gif.
we passed that a few months ago.
Godric:
1. Get an ING Direct account (for free), and put your money in it before you travel + Install the Android/Iphone app
2. In the app, let them know your travel dates
3. When in Japan, go to the atms at 7/11 there, and withdraw cash. You'll pay a AU$2.50 atm fee, but that's it. You'll get the Visa cash rate, which is better than any rate you'll get trying to buy JPY here.
At the moment sitting on '1 Australian Dollar equals 82.81 Japanese Yen', does that mean $1AUD = 83 cents AUD?
If you exchange in Australia then the best rate you can get is around 82.81 x 0.98 = 81.15 which means 1 AUD buys 81.15 Yen. The exchange rate you get in Japan is much worst. eg. I got 82 Yen in Sydney and it was around 76 Yen in Osaka.
The best option is to withdraw from ATM in Japan with a Citi Plus debit card.
I'm sure I'll be negged, but guys be nice….
Baysew above has mentioned the conversion related question so I won't cover that.
https://www.ozbargain.com.au/node/266612 Here's a thread worth reading about citibank plus in Japan.
https://whirlpool.net.au/wiki/citibank_plus_transaction_acco… Look up Japan there for more info.
Basically 2 no fee cards you should have when travelling overseas:
1. 28 degree mastercard, use this for anytime you purchase something and they take credit card, the exchange rate is great and no international transaction fee.
2. Citibank plus debit card, put some money in that account before you leave Australia and withdraw some when you arive Japan. Also no international transaction fee. Some ATMs may charge you ATM fee therefore check the 2 threads above and always look for those ATMs.
Have fun!
THIS.
I need help with this
this is a really stupid question, ill have australian money in my citibank card and if i withdraw it in a 7-eleven which i assume its free, it will spit out japanese money….. where can i find out where exchange rate is on them???
im not new to ozbargain but this is my very first comment post so before you roast me here is a link:
https://www.youtube.com/watch?v=HEXWRTEbj1I
Think they use visa exchange rate, slightly better/equivalent to Xe.
Use an ATM. Citibank plus for no fees, or see what your withdrawal rates are on your current visa debit. I used my ING card last time, think it was like $2.50 every withdrawal I made at the time.
Is there a Kunlun KVB in Melbourne? It generally has the best rates for Sydney anyway. Def go for something with no international fees OP.
I used a prepaid international card (CBA) I'd warn against these because, even though I transferred everything to Yen at a good rate before I left, the hotels will still charge in whatever currency they see fit. This ended up being mostly USD which meant I was short a couple of hundred on my estimates by the time I used my card at the last hotel. Very frustrating. So if you use this method and find a good rate before you leave, change some money and visit ATMs before checking in.
Now, I've heard of hotels "trying it on" by charging in a non-indigenous currency or the home currency of the card "for your convenience ". This is just a ploy to get more money from you and normally you just insist that you be billed in the local currency.
Why didn't you object to being charged in USD. You should have asked for your bill in YEN. Is it legal for hotels to try on this scam? Pretty sure not in OZ, but overseas, I don't know laws. I suspect they just try unless guest objects. Waddya reckon?
Well I didn't realise until my last hotel for starters, I did complain to CBA once I returned home. It was a while ago now but apparently because it is an international currency card, a default currency is charged which they (CBA) had no control over so they couldn't help me. I think I will make a point of it if there is a next time with this method. At the time however, it didn't even cross my mind that it may be an intentional 'hidden fee', I figured it was more my fault and not worth chasing up.
There is a Kunlun KVB branch in Melbourne CBD.
if you dont understand how currency conversion works you shouldn't travel