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Japan Switch | The yen exchange rate is expected to remain low in the short term.

2022-05-27T06:00:17.668Z


Hong Kong people love to travel abroad and are looking forward to customs clearance day and night. The Japanese authorities finally announced that they will "switch off" from June 10 and resume receiving overseas tourists for inbound tourism, but they must arrange tour guides and tour groups. Hong Kong was also included in Japan's "Blue Name"


Hong Kong people love to travel abroad and are looking forward to customs clearance day and night. The Japanese authorities finally announced that they will "switch off" from June 10 and resume receiving overseas tourists for inbound tourism, but they must arrange tour guides and tour groups.

Hong Kong has also been included in Japan's "Blue List", that is, passengers departing from Hong Kong do not need to show proof of vaccination, and do not need to be tested and quarantined after entering Japan.


Many Hong Kong people have begun to prepare for their trips to Japan. The exchange rate of the yen against the Hong Kong dollar once fell to a 20-year low at the end of last month, and once fell below the "six count" level. Is it a good time to exchange yen and wait for departure?


Some economists predict that the yen exchange rate will remain low in a short period of time, and "the chance of returning to 7 (that is, 7 count) is not great."

Scholars teach the citizens who are planning to travel to Japan. Currently, they can exchange Japanese yen one after another. If you shop with a local "lucard", you need to pay attention to whether you need to charge foreign currency transaction fees. The exchange rate is usually higher than that in money changers.


Li Zhaobo: In the short term, the chance of returning to 7 is not great

Li Zhaobo, Honorary Teaching and Research Scholar of the Asia-Pacific Business Institute of CUHK Business School, said that because the Japanese economy is still unsatisfactory, the US dollar has continued to perform strongly under the interest rate hike in the United States. Maintaining the current low level, "the chance of returning to 7 (counting) is not great." It is recommended that citizens who plan to go to Japan can start to exchange.

The exchange rate of the money changer is better, and the card should pay attention to whether there is a handling fee

As for how to exchange the yen "best", Li Zhaobo said that if it is exchanged in Hong Kong, it may be more expensive for shops in some areas such as Central, while the special customers of individual banks will be cheaper, depending on whether the public has time and the estimated exchange amount. , you can choose to go to a specific money changer, I believe the exchange rate will be more ideal than the bank.

In order to save time for money exchange, some citizens may use credit cards to make purchases when traveling abroad.

However, it should be noted that Visa and Mastercard charge foreign currency transaction fees, while some UnionPay cards do not charge foreign currency transaction fees.

Li Zhaobo said that although different countries have different practices, if you shop with UnionPay cards in Japan, you generally need to pay attention to whether there is a handling fee, and the exchange rate will be calculated at the current exchange rate, which is usually higher than the exchange rate at money changers.

Uncertain factors such as tourism infection, flight interruption and suspension under the epidemic

Li Zhaobo continued to say that the current exchange rate of the Japanese yen is suitable for Hong Kong people to travel. "Before 1,000 yen, it might cost 77 mosquitoes (exchange), but at home there are 66 mosquitoes, and buying cosmetics is relatively flat." He reminded the public that travel has always been a problem under the epidemic. Many uncertain factors increase the cost, such as the follow-up medical expenses of the unfortunate infection during the outbound travel, the unfortunate flight interruption, etc., which may cause the traveler to lose a lot of budget. Therefore, it is very important to choose travel insurance carefully.

The low yen exchange rate is difficult to offset the 7-day quarantine cost of returning to Hong Kong hotels

Zhou Jinji, the founder of travel media "Fly Again", said that although the current yen exchange rate is relatively low, there are still many obstacles for Hong Kong people to travel to Japan. The cost of the hotel quarantine is also known as the precious annual leave of Hong Kong wage earners. "Unless the seniors work from the hotel (working in the hotel), it is difficult to carry out a 7-day quarantine if there are more than 10 days of annual leave a year." He also said that he is currently working with Japanese government agencies understand the details of the resumption of Japan tourism, including related packages, the nature of the tour groups, etc., but the authorities have not yet provided an answer.

Japan is divided into country categories:


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

If Hong Kong people want to buy Japanese yen, remember to pay attention to the exchange rate differences between banks and money changers. According to today's exchange rate, the buying price of cash per 100 yen is about 6.1 yuan. When looking for the "buying price", the public should pay attention to the "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.

▼Japan's switch item Mingsheng held five Japanese tours▼


+5

Japan switch|Hong Kong people in Japan: Friends buy air tickets for epidemic prevention, there is no need to record Japanese switches when entering and leaving restaurants|Xiang Mingsheng organizes a round-the-island tour in July, enough to form a group: returning to Hong Kong quarantine is the biggest obstacle to Japan switch|Hong Kong people return to " "Country" want to make a side stitch?

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Source: hk1

All news articles on 2022-05-27

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