Dollar Falling Drastically Versus Yen!!!
Mar 13, 2008 | 10:28 am
#1
Original Poster
Join Date: Apr 2006
Location: DFW/SEA
Programs: *A Silver, AA Gold + Miles Scattered Everywhere.
Posts: 2,045
Dollar Falling Drastically Versus Yen!!!
for the past few weeks, i've been tracking the exchange rate for yen and it' not looking good for the dollar. Two weeks ago it was at 108/109 yen per/US dollar, now it's only 100 as of right now.
im just curious as to how this is affecting people's plans to go to japan from the states. If you're exchanging cash, most banks are only giving 97-96..This cannot be good especially if you are on a tight budget like me being a student and going to Japan for 4 months.
thoughts?
im just curious as to how this is affecting people's plans to go to japan from the states. If you're exchanging cash, most banks are only giving 97-96..This cannot be good especially if you are on a tight budget like me being a student and going to Japan for 4 months.
thoughts?
Mar 13, 2008 | 12:32 pm
#3
Join Date: Mar 2008
Posts: 42
for the past few weeks, i've been tracking the exchange rate for yen and it' not looking good for the dollar. Two weeks ago it was at 108/109 yen per/US dollar, now it's only 100 as of right now.
im just curious as to how this is affecting people's plans to go to japan from the states. If you're exchanging cash, most banks are only giving 97-96..This cannot be good especially if you are on a tight budget like me being a student and going to Japan for 4 months.
thoughts?
im just curious as to how this is affecting people's plans to go to japan from the states. If you're exchanging cash, most banks are only giving 97-96..This cannot be good especially if you are on a tight budget like me being a student and going to Japan for 4 months.
thoughts?
Does anyone know what the exchange booth at the airport charges in terms of service fee? Should I just get my yens here instead?
Mar 13, 2008 | 12:53 pm
#5
Join Date: Dec 2004
Location: ATL
Programs: DL SkyMiles PM/2MM, AA Plat, IC Diam. Amb., Peninsula regular, amanjunkie
Posts: 5,849
I went to Wachovia bank yesterday and made an inquiry about getting some Japanese Yens... 1 US dollar to 970 yen + a transfer fee of $15 (flat fee). Apparently my local branch doesn't have the currency and it needs to be transferred from the North Carolina main branch
Does anyone know what the exchange booth at the airport charges in terms of service fee? Should I just get my yens here instead?
Does anyone know what the exchange booth at the airport charges in terms of service fee? Should I just get my yens here instead?
Don't waste your money and time with buying yen in the US.
Mar 13, 2008 | 3:31 pm
#7
Join Date: Jan 2003
Location: Upper Midwest
Programs: DL, AA
Posts: 1,677
On my first trip to Japan, I bought yen from Amex in the US before departing, thinking I'd need cash to get into Tokyo and start getting around. I discovered that it was unnecessary. The airports have Citibank ATM's that your Wachovia card will work with, and now 7-11 stores, ubiquitous in Japan, have ATM's that work with US-based networks. I know, my account is with Wachovia, and it all worked just fine. You'll pay inter-bank exchange rates plus a 1% fee.
Don't waste your money and time with buying yen in the US.
Don't waste your money and time with buying yen in the US.
Mar 13, 2008 | 4:59 pm
#9
Join Date: Mar 2003
Location: NYC/PSP
Programs: AA EXP, A3 Gold
Posts: 4,159
It doesn't change plans, just makes them a little more painful. I'm off to Tokyo next week for a few days. It won't change my spending habits while there. I'm on vacation so expect to spend a little more. On the other hand, the rise of the euro and the GBP has definitely changed my travel patterns to europe. I love London but haven't been there for 3 years due to the weak dollar. And I've chosen Asia over Europe over the past year because of the currency issues
Mar 14, 2008 | 5:10 am
#10
Join Date: Feb 2005
Location: Japan
Posts: 1,062
Mar 14, 2008 | 9:11 am
#11
Join Date: Dec 2005
Location: Hopefully on a plane...
Posts: 6,580
for the past few weeks, i've been tracking the exchange rate for yen and it' not looking good for the dollar. Two weeks ago it was at 108/109 yen per/US dollar, now it's only 100 as of right now.
im just curious as to how this is affecting people's plans to go to japan from the states. If you're exchanging cash, most banks are only giving 97-96..This cannot be good especially if you are on a tight budget like me being a student and going to Japan for 4 months.
thoughts?
im just curious as to how this is affecting people's plans to go to japan from the states. If you're exchanging cash, most banks are only giving 97-96..This cannot be good especially if you are on a tight budget like me being a student and going to Japan for 4 months.
thoughts?
ugh.
Mar 14, 2008 | 11:09 am
#12
Join Date: Oct 2005
Location: YYC - soon to be 東京
Programs: AC Prestige, Marriott Silver, Hyatt Gold, Hertz #1 Gold, Radisson Gold Elite, HHonors
Posts: 1,830
I remember back then when I went to Japan for my first time in 2003, the Yen was around 70-80 to the CDN dollar. Now it is hovering around 100 to the canadian dollar. Does not affect me much now as it did back in 2003 when I was on a budget.
Sanosuke!
Sanosuke!
Mar 14, 2008 | 2:12 pm
#14
Join Date: Mar 2004
Location: Minneapolis, Minnesota,USA
Programs: UA, NW
Posts: 3,752
Even at 100 yen to the dollar, Japan is a pretty reasonable place to travel, as long as you stay out of luxury hotels and restaurants.
Business hotels cost about $80 a night for a single, possibly with breakfast included, or else available in a coffee shop for $6, about $10 for lunch, $15 for dinner.
Compare and contrast with London.
Business hotels cost about $80 a night for a single, possibly with breakfast included, or else available in a coffee shop for $6, about $10 for lunch, $15 for dinner.
Compare and contrast with London.
Mar 14, 2008 | 2:23 pm
#15
Join Date: Oct 2005
Location: YYC - soon to be 東京
Programs: AC Prestige, Marriott Silver, Hyatt Gold, Hertz #1 Gold, Radisson Gold Elite, HHonors
Posts: 1,830
I also need to point out that I buy all my yen with my debit card upon arrival in Japan by way of the ATM's in the airport. I usually withdraw close to my maximum daily limit on my ATM card to avoid multiple withdrawal fees.
Sanosuke!
Sanosuke!