By MOOK Scenic Spots Home (compiled and reported)
Affected by international developments (such as North Korea missile tests and the French presidential election), the safe-haven Japanese yen once surged in value. During the peak cherry blossom season, many travelers to Japan had no choice but to exchange at higher rates despite the cost. Recently, as the New Taiwan dollar strengthens and the U.S. dollar weakens, the yen has fallen back to 0.2737 (bank selling rate), marking a rare opportunity to exchange for yen below 0.275.
[Updated May 2, 2017]
The yen has hit a new low, with a bank buying rate of 0.2629 and a selling rate of 0.2706 (Yongfa Bank), inching closer to the 0.26 range.
The yen is falling again, making it a great time to exchange. (Photo / MOOK)
In May, many people visit Ashikaga Flower Park to admire vast wisteria blooms and Hitachi Seaside Park for its bluenemophila flower fields. May is also the birthday month of Tokyo Skytree—those planning a trip to Japan may want to seize this chance to exchange for yen.