The yen hits a one-year low—great news for travelers to Japan
By MOOK Scenic Spots Editorial Team
The U.S. Federal Reserve has confirmed an interest rate hike, causing the Japanese yen to fall below 117 against the U.S. dollar today (15th), with the cash opening exchange rate for the yen against the New Taiwan dollar reaching 0.274—approximately NT$1 can be exchanged for 3.649 yen, hitting a one-year low. Those looking to exchange yen should seize the opportunity.
The confirmed U.S. interest rate hike has driven the yen to another record low (Image provided by MOOK)
The yen falls to a one-year low of 0.2748 (Image source: Bank of Taiwan)
This marks the first Fed rate hike since December 2015 and only the second in the past 10 years. A stronger dollar has led to a weaker yen. Travelers planning a trip to Japan may want to take advantage of the timing to exchange currency and make the most of current promotions for a special winter journey to Japan.
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