By MOOK Scenic Spots Editorial Team
Since the U.S. election on November 9, the dollar has strengthened, while the yen first rose then fell. This has prompted many Japan enthusiasts and travelers planning to visit Japan soon to exchange their currency early or wait for an even better exchange rate. Market reports indicate that the dollar’s upward momentum is not as strong as expected, and there hasn’t been much positive news regarding the U.S. economy or financial conditions during this period. As a result, the yen and euro are likely to stop falling and may start to rebound.
The yen shows signs of rising. Time to exchange is now. (Image / MOOK)
As of December 6, the exchange rate at Taiwan’s Bank for the Japanese yen was 0.2835. The lowest recent rate was around 0.2805 (occurring around November 23–24). It is unlikely the rate will fall below 0.28 again. With the yen expected to rise against the dollar in 2017, those who need to exchange yen soon should watch for the right timing.