Exchanging japanese yens into US dollars for an upcoming trip to USA, how to get the best rate?

Upvote:2

You always lose money when exchanging currency because of the bank overhead. Unless you have the old receipt (which with some companies allows you exchange back at a lower rate), then you want to limit the number of transactions.

Rather than exchanging Yen->Dollars (which for the company will be an internal Yen->Euro->Dollars), exchange Yen->Euro and deposit the money. Then in the USA, use a no-fee ATM card to withdraw your Euro as dollars. (This assumes you have a no-fee ATM card).

Alternately, find some departing Japanese tourists at the airport and offer to give them yen for the euro they no longer need.

RoboKaren 15930

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Exchanging japanese yens into US dollars for an upcoming trip to USA, how to get the best rate?

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