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Money Matter in Japan

  Topic » Tour and Travel Tips For World » Travel Tips For Japan
Post By : Rainrays At 0000-00-00 00:00:00

Official currency of Japan : Yen is the official currency of Japan and is denoted by JPY. Known by its latinized symbol ¥, the Japanese Yen is called the kanji at home. The smallest note is 1000 yen which is about 10 dollars, the next size is 2000 then 5000, 10000.

Coins : 500 Yen The Largest one Silver color, 100 Yen Silver color, 50 Yen Silver color with a hole, 10 Yen Copper color, 5 Yen Yellow color with a hole, 1 Yen Aluminum color.

Foreign Currency     Yen Value
1 US Dollar                 82.960 Yen
1 Euro                        114.69 Yen
1 Canada Dollar           85.050    Yen
1 Singapore Dollar       65.060 Yen
1 Thailand Baht           2.7800  Yen
1 India Rupee             1.9800 Yen
100 Korea Won           7.4900 Yen
1 Taiwan Dollar           2.7500 Yen
1 UK Pound                136.17 Yen
1 Swiss Franc             89.500 Yen
1 Australia Dollar         84.880    Yen
1 Hong Kong Dollar      0.940 Yen

According to Frb. 2011

Currency Conversion and Exchange Rates

-> Exchange rates is vary from minute to minute depending on world markets.
-> You can change your money at the airport, at most banks and at post offices
-> You’ll need your passport handy when you want to change some money

Credit Cards -  Credit cards are not as widely use in Japan because Japan is a cash-based society. MasterCard and Visa seem to be the most widely accepted. You can use them at various places such as department stores, hotels, and restaurants in major cities

Getting Money in Japan :
Travellers Cheques can be exchanged at most major banks, larger hotels and some duty free shops. You may avoid some commission by using yen-denominated Travellers Cheques.

ATM's and cash machines - Japan
-> In Japan , Japanese Post Office is your best place to find an international ATM as most bank are strictly domestic.

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