Text by / MOOK Scenic Spots Home Travel Life Network Editorial Department, compiled and reported
Attention Japan fans: the yen has continued to depreciate recently, with Taiwan Bank’s cash selling rate hitting a low of 0.2957 on the 30th, marking a new low in over a month. Those who need to exchange Japanese yen should watch for the right moment to make their move.
The yen returns to the 2-yen range — time your yen exchange wisely. (Photo / MOOK Scenic Spots Home Zhang Yingying)
With market expectations of a U.S. interest rate hike in June or July, the U.S. dollar index has risen in the short term, accelerating the ongoing appreciation of the dollar and leading to depreciation in Asian currencies such as the New Taiwan Dollar, Japanese Yen, and Korean Won. Coupled with weak economic performance in Japan, the yen has fallen below the 111-yen-per-dollar threshold. Those needing yen should keep an eye on exchange rate movements and exchange at the right time.