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The yen exchange rate fell to a 20-year low, scholars analyze whether to exchange money to save "ammunition" to travel

2022-04-30T00:11:42.150Z


The Bank of Japan maintains an ultra-loose monetary policy. As the U.S. raises interest rates, the U.S. dollar is strong, and the exchange rate of the Japanese yen against the Hong Kong dollar has fallen to a new 20-year low, and there is a chance that it will fall below six. Before the epidemic, Hong Kong people loved to travel to Japan, and many people would


The Bank of Japan maintains an ultra-loose monetary policy. As the U.S. raises interest rates, the U.S. dollar is strong, and the exchange rate of the Japanese yen against the Hong Kong dollar has fallen to a new 20-year low, and there is a chance that it will fall below six.

Before the epidemic, Hong Kong people loved to travel to Japan, and many people would save Japanese yen. Some scholars pointed out that Japan has the opportunity to switch to Japan this year. , and 60 mosquitoes at home".


Japan has always been a tourist hotspot for Hong Kong people, and some people pointed out that Japan has the opportunity to allow tourists to enter again this year. Is it possible to store "ammunition" first and leave it to the switch to spend as much as possible?

Some scholars pointed out that if you plan to travel, you can buy the required amount, but you should pay attention to the low exchange rate of the yen for several months, and there may be lower prices in the future.

Some travel media founders pointed out that "going to travel is not about buying a property", and it is more important to pre-purchase air tickets before the opening.


The yen is calculated at six to the Hong Kong dollar. Those who love to travel to Japan can prepare "ammunition" in advance.

(File photo/Photo by Liao Yanxiong)

CUHK Li Zhaobo: Change now

Li Zhaobo, Honorary Teaching and Research Scholar of the Asia-Pacific Business Institute of the CUHK Business School, said that the exchange rate of the yen is currently at a historically low level. If you plan to travel, you can buy what you need. 60 mosquitoes," he pointed out that even if local prices have risen, it would be cheaper to "sing money" first than after the exchange rate rebounded.

He said that he noticed that Japanese financial or travel websites all pointed out that there is a big chance of switching from July to September this year, and the public can prepare first.

However, Li Zhaobo does not recommend buying Japanese yen for investment, referring to the difference of about 2% between buying and selling Japanese yen, and the price difference of Japanese yen may not be too large, except for the time difference and other administrative expenses that have overwhelmed the earned exchange rate.

Founder of travel media: It is more important to exchange miles for air tickets

Zhou Jinji, founder of travel media "Fly Again", said that the depreciation of the yen was mainly due to the implementation of the quantitative easing policy in the local area.

He believes that because it is not possible to fly to Japan immediately, there is no need to buy Japanese yen first. He pointed out that quantitative easing stimulates the local economy and affects local prices. When citizens can travel, local products will have the opportunity to increase prices. "It's not about buying a property to travel, why are you nervous about the exchange rate?" Instead, he suggested that Hong Kong people can use airline miles to exchange air tickets. He pointed out that after the switch to Japan, it would be difficult to find a plane ticket, and the price would rise sharply. Assurance can work.

Zhongdazhuang Tailiang: the yen exchange rate may be lower

Zhuang Tailiang, executive director of the Lau Zuode Institute of Global Economics and Finance, CUHK also pointed out that the US dollar is currently strong, and Japan has no conditions to raise interest rates. There will be many people entering the market, and the price will slowly recover.

(Hong Kong 01 cartography)

Point 1: Don't read the buy/buy bid wrongly

If a group of "homesick" Hong Kong people want to buy yen, remember to pay attention to the exchange rate differences between banks and money changers. Judging from yesterday's exchange rate, the buying price of cash per 100 yen ranges from HK$6.019 to HK$6.09. When buying "price", pay attention to whether it is "customer buying" or "bank/merchant buying". In simple terms, the customer's buying price is generally higher than the selling price, just look at the higher price.

Point 2: Pay attention to the handling fee and upper limit of wire transfer

Banknote exchange is also divided into "telegraphic transfer" and "cash" prices. Most of the cash prices are more expensive. Citizens can use the foreign currency accounts of the relevant banks to exchange. However, some banks may charge handling fees for different foreign currencies, so you need to be careful. Otherwise, "greed for peace" will end up being more expensive.

In addition, when withdrawing foreign currency from foreign currency accounts, the bank may also have a withdrawal limit, or it may take several days.

Key point 3: You can call the money changer first to exchange money

Sometimes the exchange rate of the money changer is better than that of the bank. Most of them do not charge any fees, but the disadvantage is that the foreign exchange reserves may be small.

However, the money changer provides cash directly. Citizens should take good care of the banknotes if they exchange larger amounts.

Goldman Sachs: No matter whether the Bank of Japan intervenes or not, it cannot change the fate of the fall The weakness of the yen has not changed. Former Prime Minister Shinzo Abe: If the central bank made a wrong decision to raise interest rates due to the weakness of the yen

Source: hk1

All news articles on 2022-04-30

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