Best Ways to Exchange Foreign Currency to Japanese Yen

When traveling to Japan, the goal is to get the most yen for your money, minimizing fees and poor exchange rates. Here are the most optimal methods, ranked from best to worst, along with details:

1. Use a Multi-Currency Travel Card (e.g., Wise, Revolut) - Top Recommendation

How it works:

You can load your home currency (e.g., USD, EUR) into a Wise or Revolut card via their mobile app and convert it into Japanese yen at excellent rates. You can then use the card at stores or withdraw cash from Japanese ATMs.

Pros:

• Mid-market exchange rate (the best rate you’ll get).
• Very low fees (usually 0.35–1%).
• Use it like a debit card or withdraw cash.
• Can manage funds via mobile app.

Cons:

• Daily withdrawal limits may apply.
• Not ideal for places that don’t accept cards (rural areas).

2. Withdraw Cash from Japanese ATMs Using Your International Debit Card

How it works:

Use your home country debit card at Japanese ATMs (7-Eleven, Japan Post, Lawson). These ATMs support foreign cards and allow yen withdrawals.

Pros:

• Exchange rates are close to interbank rates (usually better than airport or hotel exchanges).
• Convenient and widely available.

Cons:

• ATM withdrawal fee (usually ¥100–¥250 per transaction).
• Your bank may charge additional foreign transaction fees (check in advance).

3. Exchange at Currency Exchange Counters in Japan (Urban Areas)

Where:

• Tokyo and Osaka have competitive currency exchange booths, such as Ninja Money Exchange, Travelex, or Sakura Exchange.

Pros:

• No need for a card or app.
• Rates can be reasonable, especially in cities.

Cons:

• Not as good as ATM or travel card rates.
• Can be time-consuming to find the best rate.

4. Bring Cash and Exchange at the Airport (Japan) – Not Recommended Unless Urgent

Pros:

• Immediate access to yen upon arrival.

Cons:

• Poor exchange rates, sometimes 5–10% worse than market rates.
• High fees or spreads.

5. Exchange Money in Your Home Country Before Departure

Pros:

• Convenient and secure.

Cons:

• Usually worse rates than you’ll get in Japan.
• Some banks charge high fees or provide unfavorable rates.

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