Best Place to Buy Some JPY?

sauce2k on 04/04/2024 - 19:16

Hey guys, with AUD so strong against YEN I’m considering buying some as I’m heading back there again in Jan 25.

I know it’s far away, I’m not sure if Yen will further dip.

Where is the best place to buy Yen in Sydney?

Thanks in advance!

Travel Currency Exchange

Comments

  • Benoffie on 04/04/2024 - 19:33

    You will never get as good a rate as buying it in country.

    Travelex currently in Sydney - 95.6072 JPY
    Ginza Exchange - 97.00

    Actual exchange atm - 100.07761

  • Muzeeb on 04/04/2024 - 19:33
    +8

    Best place to buy some JPY?

    John Paul Young albums are available at all good record shops.

  • bmxr on 04/04/2024 - 19:51

    KVB Kunlun / KVB Global was the best place for bulk cash to cash conversions last time I did it. You can book online.

    https://www.kvbgc.com/en/contact.html#sydney

    • sauce2k on 04/04/2024 - 20:27

      R they still good? Have y used them recently?

      • bmxr on 04/04/2024 - 20:46

        Only if it is worth it.

        Last time I used them was 2013 when the AUD to GBP rate was 0.69, an all time high. So worth the time and effort and financial considerations to go and change ~$10k AUD for some GBP travel money later in the year. When I finally travelled it was down to 0.58, so even including the penalties for exchange rates at a retailer, and the cost of holding cash versus direct withdraw from a competitive bank exchange rate and interest gained on savings it was quite significant. I calcluated at the time it saved around $1k AUD conservatively, allowing for costs associated with my time of going to the bank, withdrawing the cash, setting up a time at KVB, waiting.. exchanging etc.. Not to mention to hassle/stress of travelling with that much cash on you.

        The AUD:JPY rate has been within 7-8% of where it currently is for more than two years now. Are you sure it is worth the effort considering "the penalties for exchange rates at a retailer, and the cost of holding cash versus direct withdraw from a competitive bank exchange rate and interest gained on savings" in 2025 when rates may still be north of 90+ ?

  • capslock on 04/04/2024 - 20:00
    +1

    transfer some to a prepaid travel card

  • mitt on 04/04/2024 - 20:06
    +1

    I would look at the prepaid travel card rates around. The rates wont be market parity but they are sometimes close enough.

  • pantsparty on 04/04/2024 - 20:22

    I went to Japan last month and paid for almost everything on my Suica card. Get a digital card and load it up with your no international transaction fee credit card - this should cover most of what you need and will get you the best exchange rate.

    • sauce2k on 04/04/2024 - 20:26

      Thanks for this I did this too last month.

      Maybe I’m not being clear, my post mentioned I’m going 2025 hence why I want to lock in some currency rate now

      • pantsparty on 04/04/2024 - 21:10
        +1

        Top up your Suica card now - this will lock in the exchange rate now and also give you the benefit of not needing to carry cash.

        • sauce2k on 04/04/2024 - 21:16

          Most restaurants/shopping can’t use suica.

          I’m wanting to potentially lock $3k

  • askbargain on 04/04/2024 - 20:37
    +3

    wise/revolut

  • sharkyoz on 04/04/2024 - 22:33
    +1

    Got an old JPY vinyl album , bit scratchy after all these years, but I could be persuaded to sell, :)

  • slknv on 04/04/2024 - 22:40

    I've been loading up on my wise account, also going jan 2025. Great exchange rate rn!

    • sauce2k on 04/04/2024 - 22:44

      What’s the rate on wise? Thx

      • slknv on 05/04/2024 - 11:12

        100.1160

    • kiitos on 05/04/2024 - 07:19

      Is it like a bank account?

  • cashless on 04/04/2024 - 22:44

    Wise.
    But you’re probably too late. The Yen has already bottomed out

    • sauce2k on 04/04/2024 - 22:46

      Woot lol

      • cashless on 04/04/2024 - 22:55

        Do it now. AUD1.00 = ¥100.2 (Wise)

Login or Join to leave a comment
Login Join