17 Dec
Posted by US city journalist as stock market
I’m in Japan, going home after 2 years so “home country” doesn’t really mean much. But anyway, is it better if I change my Yen back into Pounds in Japan or England? Is Japan’s sell rate higher than England’s buy rate?
4 Responses
Adrian
December 18th, 2009 at 6:22 am
1Further to the previous answer. If you are talking about a couple of hundred pounds worth then the best way is to put it into a bank account and withdraw it at a ATM UK. But the exchange rates at the banks ATM are far from the best around rather they are some of the worst exchange rates around, dependent on the bank.
Other alternatives are using Paypal or if you have more than a couple of hundred then using a specialist currency exchange will give you the best currency exchange rates.
Itchy197
December 18th, 2009 at 9:04 am
2Not the case that is better here or there. As a rule, the closer you get to the airport the worse its going to get.
So, as someone else said, if it’s just a few hundred pounds or so then it really makes little difference. Just use a bank. If its more than £1k or so, then it starts to pay to use a specialist currency brokerage – rates can be up to 5% better, so depending how much you’re looking to convert, big savings can be made.
Chuckles
December 18th, 2009 at 2:29 pm
3It varies day by day. Deposit your yen in the ATM before you leave japan and take out pounds from an ATM when you get to the UK. The ATMs actually have the best rate each day. Don’t worry about a couple percent one way or the other.
John Gwhats the problem
December 18th, 2009 at 6:21 pm
4when ever i travel i take enough to travel when i arrive then change in the country i going to your generally get a better rate . atm s are good
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