When is the best time to buy Japanese yen?

The best time to buy Japanese yen depends on the AUD to JPY exchange rate, which moves daily with market conditions. Travellers can save money by monitoring rate trackers, comparing online services, and locking in competitive exchange rates ahead of their trip. It’s often cheaper to buy yen in Australia before travelling, rather than exchanging money at the airport or on arrival in Japan.

What is JPY?

JPY is the official currency code for the Japanese yen, which is Japan’s official currency. Represented by the symbol “¥”, it is one of the most traded currencies in the world and widely accepted across the country. Yen comes in both banknotes and coins, making it essential for travellers heading to both cities and rural areas of Japan.

Why is the US dollar a recognised currency worldwide?

The US dollar (USD) is the most widely traded currency in the world. It’s often used in international transactions, business, and travel. Because of this, it’s considered a stable and recognised currency, making it easy to buy, spend, and sell USD almost anywhere.

Can I exchange leftover USD back into Australian dollars?

Yes. If you have extra American dollars after your USA adventure, you can visit a currency exchange store or online provider to sell foreign currency back into AUD. Some providers even allow you to do this through online services.