Yen???

[SDJ]

If this is better off in travel feel free to move it mods.
Im just wandering if the best place to exchange our dollars to yen would be at the airport before we leave??? or should i go elsewhere or wait till we get there???

[Tobi]

DON'T wait til you get there.

KVB in Sydney in Melbourne appears to have the best rates.

[Dr D]

Try the Amex Foreign Exchange located in the Westpac bank on the corner of Bolton and Hunter streets. They like you to pre order so they have enough Yen on hand.
Remember "cash is king" in Japan. Even if you can find a machine that will accept your card you might have a bit of trouble reading the Japanese writing. smile.gif

[Bear]

What Tobi said.

The only real machines that work with Aussie cards are the one at 7/11 (and only 7/11) but they have a low upper limit for withdrawls or the post office which are much more generous with maximum limits but are locked up at about 7pm (not sure when that is for sure)

[SnoWhite]

Got a bit of a stutter happening there Bear?

[SDJ]

awesome thanks DR. D gotta love having people from Newy on hear

[SDJ]

oh and thanks Tobi Bear and SW ;)

[Bear]

Stupid internet connection.

[Dr D]

can you say that again Bear tongue.gif

[Bear]

I would prefer not to. ;)

[Podlettte]

hey SDJ - if it's difficult to get to the place in newy, or better still get much better rates at the place Tobi mentioned, then book it online with travelex and pick it up at the airport

[Jahoota]

or you could have brought it when is was 96c in the dollar.... ;)

[Bear]

Shut up Hoota. :( (I still have a few yen leftover from last year but it will only last a day or two)

[SDJ]

Originally posted by Jahoota:
or you could have brought it when is was 96c in the dollar.... ;) i was so close to buying some us dollars back when the oz dollars was going good against it but i didnt and i also didnt buy yen so thanks for remeinding me tongue.gif

[Jahoota]

hehehehe. tongue.gif

[ssar]

Yea, lookin at exchanging AUD into JPY here before we fly out in around 4 weeks too.

I have heard that the Commonwealth Bank (CBA) in Martin place Sydney, is one of the best place to exchange currency - if you have a CBA bank account and that location is handy for you of course.

I have also seen this posted in another forum:

"Mate, go the post office. They seem to give the best rate compared to the banks, no commission and only a business day or two for delivery. Easy, available and my research showed the best rate (for regional area!)."

And thanks to someone else in this thread for pointing out this Australian travel website as a good option too:

https://www.travelex.com.au/

Also saw this posted in another forum, a cppl of days ago:

"The rate is just under 59 yen/AUD today. If you change it at a bank in Sydney, you might get around 57 yen/AUD.

If you change at Sydney airport you might get 55-56. If you change at an Airport in Japan, you might get 50-51. If you change at a bank in Japan, you'd be lucky to get 45 yen/AUD!!!!!"

[ 23.01.2009, 06:41 AM: Message edited by: ssar ]

[ssar]

Exchange Rates, from:

http://www.xe.com/ucc/

AUD$ 1.00 = JPY$ 93.98 (Yen) @ 28/01/08
AUD$ 1.00 = JPY$ 96.98 (Yen) @ 04/02/08
AUD$ 1.00 = JPY$ 99.04 (Yen) @ 24/02/08
AUD$ 1.00 = JPY$ 91.20 (Yen) @ 29/03/08
AUD$ 1.00 = JPY$ 70.72 (Yen) @ 09/10/08
AUD$ 1.00 = JPY$ 65.20 (Yen) @ 11/10/08
AUD$ 1.00 = JPY$ 66.83 (Yen) @ 16/10/08
AUD$ 1.00 = JPY$ 67.57 (Yen) @ 22/10/08
AUD$ 1.00 = JPY$ 65.12 (Yen) @ 02/11/08
AUD$ 1.00 = JPY$ 66.02 (Yen) @ 09/11/08
AUD$ 1.00 = JPY$ 65.23 (Yen) @ 14/11/08
AUD$ 1.00 = JPY$ 60.33 (Yen) @ 15/12/08
AUD$ 1.00 = JPY$ 62.63 (Yen) @ 19/12/08
AUD$ 1.00 = JPY$ 60.89 (Yen) @ 22/12/08
AUD$ 1.00 = JPY$ 61.54 (Yen) @ 23/12/08
AUD$ 1.00 = JPY$ 61.33 (Yen) @ 19/01/09
AUD$ 1.00 = JPY$ 58.24 (Yen) @ 21/01/09
AUD$ 1.00 = JPY$ 58.82 (Yen) @ 23/01/09

---

And recently:

JPY 70,000 = AUD$1238.81 @ Post Office (in Newcastle, Australia) 22 Jan 09

JPY 70,000 = AUD$1224.85 @ Travelex (Australia) Website 22 Jan 09

[SDJ]

which post office SSAR??? or should they all be the same???

[ 23.01.2009, 12:38 PM: Message edited by: SDJ ]

[Tobi]

They'll all be the same SDJ.

[SDJ]

thanks Tobi

[ssar]

Ooh, here I was keeping a log of the AUD/JPY rates I noticed online each day, but of course there are free online charts available.

From the same website I was using, check this: http://free.charts.xe.com/Misc/promoChart.asp

Can set it to AUD/JPY (or a range of other comparisons), Chart Type "Line", and Time Scale & Period to "Daily -> 1 Year" or "Daily -> 3 Years" etc.

2/3 of the total cost of our upcoming Niseko trip was paid for based on rates during the 1st half of 2009 - THANKFULLY.
Just gotta hope that AUD/JPY rate jumps up markedly during the next fortnight, for us to buy our pocketmoney Yen now..

[Tobi]

Originally posted by ssar:
Just gotta hope that AUD/JPY rate jumps up markedly during the next fortnight, for us to buy our pocketmoney Yen now.. If anything with the RBA cutting rates next week it will be going down, not up.

If I was you I'd be buying most now while it's floating around 59/60 than waiting two weeks when it will probably be 54/55 or something.

That's what I did, got most yesterday and will probably get some more just before I leave.

Oh yeah, 2 weeks til I fly out!!!

[Jahoota]

I noticed the yen hovering around 57c at present. :eek:

I'd imagine that if it stays between 50c & 60c for another 6 months then a lot of ski tourists in 09/10 will head back to canada. At least the AUD/CAD is hovering around 80c so its still somewhat affordable. (if you have the cash to actually go sking and/or a pile of FF points)

[JA2340]

Or, you could go to Amex site and get the yen delivered to one of a number of post offices across the country.

Their rate is around the same as Travelex, they charge a flat $8 fee (Travelex charge a percentage) and delivery to Post Offices. That last bit is a bonus for us who don't live in the major cities on the East coast.

[ 01.02.2009, 08:57 PM: Message edited by: JA2340 ]

[foncusmaximus]

just bought yen from the post office today 54 was the going rate. :(

tomorrow's interst rate annoucement could make it worse.

[Tobi]

So glad I brought last week at 58.8 or something like that.

[ssar]

Nog, I bought my Yen (from the P.O.) on 30 Jan.