The Japanese Yen Rises and the Euro Falls on Trump's Election Day – Travelers Should Pay Attention to Currency Exchange

Text / Compiled and Reported by the MOOK Scenic Spots Editorial Department

The U.S. presidential election results were announced on the afternoon of November 9 Taiwan time, with Trump elected. For those who love to travel, what they care about most is how Trump’s election will impact foreign currencies—especially for those planning trips to Japan, who are most concerned about the exchange rate of the Japanese Yen. The situation after Trump’s election is generally seen as favorable for the Yen. If you plan to exchange currency, it’s wise to watch the timing and exchange early.

In contrast to the Yen’s upward trend, the Euro and the British Pound have fallen. The Euro is around 34.9 against the New Taiwan Dollar, while the U.S. Dollar initially dropped before showing signs of recovery, currently around 31.7. On November 10, the exchange rate of the Japanese Yen to the New Taiwan Dollar was 0.3024. Those needing to exchange currency for upcoming trips should keep an eye on these trends.