The Best Time to Buy Japanese Yen
Understanding the Currency Exchange Maze
Cracking the code of currency exchange can sometimes feel like predicting what the weather will do next. Exchange rates rise and fall based on a mix of elements such as shifts in the economic landscape, global political events, and market speculation.
There’s been a fascinating journey for the Australian Dollar (AUD) versus the Japanese Yen (JPY) over the years. Let’s take a step back in time to early 2020, when you might remember your holiday savings didn’t stretch as far as you’d have liked – the AUD was only purchasing below 70 JPY at that point. Japan may have felt like a pricey getaway, and you certainly didn’t get as much sushi or manga for your buck!
The Recent Shift in the Wind
However, times have changed for the better. The Aussie dollar is now stretching further than ever in Japan – recently, we’ve been getting over 90 yen for each dollar! This is like getting 25% more value for money – which means more sushi, more manga, and even more sightseeing adventures within your holiday budget.
Want to know the current rate? Check our latest exchange rates here.
Why Now is the Best Time to Exchange AUD to JPY
What’s more, this positive turn in exchange rates comes as Japan starts opening its doors again to travellers after the lengthy hiatus caused by the COVID-19 pandemic. This means those mesmerising experiences – from navigating the bustling avenues of Tokyo to appreciating the tranquillity of traditional tea ceremonies in Kyoto – are once again within your grasp.
Given that the AUD is purchasing much more JPY now compared to the lows we’ve seen over the past few years, it’s as if the stars have perfectly aligned for your Japanese escapade. Each Aussie dollar you exchange will get you more yen to make the most out of your journey to the Land of the Rising Sun. From feasting on delicious meals, visiting intriguing attractions, to indulging in unique cultural experiences, Japan has become more affordable and accessible than ever before. See WeXchange’s Japanese Yen guide for money and travel tips.
Seize the Day for Your Japanese Adventure
So, whether you’ve been planning a trip to Japan for ages or just starting to toy with the idea, this is undoubtedly the best time to exchange Japanese yen. Your Australian dollar can take you so much further in Japan today, making the country’s rich cultural heritage more attainable and economical than ever before. From immersing yourself in the lively energy of Tokyo to soaking in the serenity of traditional tea ceremonies in Kyoto, your dream Japanese experiences are awaiting your arrival.
Don’t put it off any longer. Exchange your AUD to JPY with us today and kickstart the planning for your memorable adventure in Japan! Order your Japanese Yen with us today.
