Where to Exchange Money in Japan: Best Locations & Tips

January 21, 2025
Category : Japan trip
Tags: Japan Money Exchange, Japan trip tips

Japan trip

1. Introduction

When traveling to Japan, understanding how to exchange money efficiently is crucial to ensuring a smooth and stress-free trip. While Japan is known for its advanced technology, cash is still widely used, especially in smaller shops, local restaurants, and rural areas. As a result, having Japanese yen (JPY) on hand is essential for a seamless experience.

Why Currency Exchange Matters in Japan

Unlike some countries where cashless transactions dominate, Japan still maintains a strong preference for cash in many situations. Although major tourist destinations and chain stores accept credit cards and digital payments, having cash is necessary for transportation, temple donations, and smaller purchases.

Common Payment Methods in Japan

Before diving into where to exchange money, it’s helpful to understand the common payment methods used in Japan:

Cash (Japanese Yen – JPY): Essential for small purchases and in rural areas.
Credit/Debit Cards: Widely accepted in urban areas but may not be used in smaller establishments.
IC Cards (Suica/PASMO): Convenient for transportation and small transactions.
Mobile Payments (PayPay, LINE Pay): Increasing in popularity but primarily used by locals.

Planning Your Currency Exchange

It’s important to plan when and where to exchange your currency to avoid poor exchange rates and high fees. Key questions to consider include:

Should you exchange money before arriving in Japan?
What are the best places to exchange currency once in Japan?
How can you get the best rates with minimal fees?

In this guide, we’ll explore the best options for exchanging money in Japan, including airports, banks, exchange shops, hotels, and ATMs, along with practical tips to maximize your exchange value.

2. Currency Exchange Options in Japan

Japan offers a variety of ways to exchange foreign currency into Japanese yen (JPY), each with its own advantages and disadvantages. Choosing the right option depends on factors such as convenience, exchange rates, and fees. Below are the most common methods available for currency exchange in Japan.

1. Airports

Most international airports in Japan, such as Narita, Haneda, and Kansai, have currency exchange counters that provide services for major currencies like USD, EUR, and GBP.

Pros:

Convenient and available upon arrival.
Staff usually speak English.
Exchange counters operate with extended hours.

Cons:

Exchange rates tend to be less favorable compared to other options.
High service fees may apply.

Best for: Travelers who need immediate cash upon arrival and prefer convenience over cost-efficiency.

2. Banks

Major Japanese banks, such as MUFG (Mitsubishi UFJ), SMBC (Sumitomo Mitsui), and Mizuho, offer currency exchange services at their branches.

Pros:

Reliable and secure transactions.
Competitive exchange rates compared to airports.
Large bank branches in major cities.

Cons:

Limited operating hours (usually 9:00 AM – 3:00 PM on weekdays).
Lengthy paperwork and identity verification required.
Language barriers may be an issue at smaller branches.

Best for: Travelers who prioritize security and better exchange rates over convenience.

3. Currency Exchange Shops

Specialized currency exchange shops, such as Travelex, World Currency Shop, and Sakura Exchange, are available in major cities like Tokyo and Osaka.

Pros:

Competitive exchange rates compared to airports.
Some shops offer online rate reservations.
Multiple currency options available.

Cons:

Availability limited to major tourist areas.
Exchange rates may fluctuate frequently.
Potential commission fees.

Best for: Tourists who have time to compare rates and want better deals than airports.

4. Hotels

Many international hotels in Japan offer on-site currency exchange services for guests.

Pros:

Highly convenient for hotel guests.
No need to search for exchange locations.
Immediate access to cash.

Cons:

Exchange rates are usually poor.
Limited currency options available.
Service may only be available during specific hours.

Best for: Travelers who prefer convenience over securing the best exchange rates.

5. ATMs

Withdrawing cash from ATMs using international debit or credit cards is one of the most convenient and cost-effective methods to obtain Japanese yen. Popular ATM services that accept foreign cards include:

Seven Bank ATMs (at 7-Eleven stores)
Japan Post Bank ATMs
E-Net ATMs (located in convenience stores like FamilyMart and Lawson)

Pros:

Widely available across Japan, including rural areas.
Competitive exchange rates.
24/7 access in most convenience stores.

Cons:

Foreign transaction fees may apply (check with your bank).
Withdrawal limits can vary.
ATMs may have maintenance periods during late-night hours.

Best for: Travelers looking for flexibility, competitive rates, and wide accessibility.

Which Option is Right for You?

Exchange Option	Best for	Pros	Cons
Airports	Immediate cash needs	Convenient, English support	High fees, poor rates
Banks	Secure and official exchange	Reliable, better rates	Limited hours, paperwork
Exchange Shops	Better deals in tourist areas	Competitive rates	Limited availability
Hotels	On-site convenience	No need to search for options	Poor rates, limited currency
ATMs	Easy and flexible withdrawals	Competitive rates, 24/7 access	Bank fees, withdrawal limits

By understanding these options, you can choose the best currency exchange method based on your travel itinerary and financial preferences.

3. Exchanging Money at Japanese Airports

Exchanging money at airports is one of the most convenient options for travelers arriving in Japan. Major international airports such as Narita, Haneda, and Kansai offer multiple exchange services, ensuring visitors can obtain Japanese yen (JPY) immediately upon arrival. However, while airport exchanges are convenient, it is important to consider their rates and fees.

1. Major Airports Offering Currency Exchange Services

Here are the major international airports in Japan where you can exchange money:

Narita International Airport (NRT)

Exchange counters available in Terminals 1, 2, and 3.
Popular exchange providers:
- Travelex Japan
- Mizuho Bank
- SMBC Trust Bank
Operating hours: Typically 6:00 AM – 10:00 PM.
ATMs available 24/7 for international card withdrawals.

Haneda Airport (HND)

Exchange services available in both International Terminal and Domestic Terminals.
Providers include:
- Travelex
- Japan Post Bank
- SMBC Trust Bank
Operating hours: Some counters open 24 hours, others from 6:00 AM – 11:00 PM.
7-Eleven and Japan Post ATMs for foreign cards.

Kansai International Airport (KIX)

Exchange services located in both Terminal 1 and 2.
Providers include:
- Kansai Airports Foreign Exchange
- Travelex
- Bank of Tokyo-Mitsubishi UFJ
Operating hours: 5:30 AM – 11:00 PM.
ATMs accepting international cards available 24/7.

2. Pros and Cons of Exchanging Money at Airports

Pros:

Immediate access to cash upon arrival.
Multiple currency options (USD, EUR, GBP, AUD, etc.).
Staff often provide English-speaking support.
ATMs are available 24/7 for those who prefer card withdrawals.

Cons:

Lower exchange rates compared to banks or city exchange shops.
Higher transaction fees or commission charges.
Long queues during peak arrival times.

Best for: Travelers who need quick access to yen upon arrival and prioritize convenience over the best exchange rates.

3. Exchange Rates and Fees Comparison at Airports

Exchange rates at airports tend to be 3-10% higher than the mid-market rate, depending on the currency and provider. For example:

Airport	Exchange Provider	Rate (per 1 USD)	Service Fee
Narita (NRT)	Travelex Japan	¥140	2% fee
Haneda (HND)	Japan Post Bank	¥138	No fee
Kansai (KIX)	Kansai Airports Exchange	¥139	1.5% fee

Tip: Check the current exchange rate online using sites like XE.com before exchanging money to compare rates.

4. Alternative Options at Airports

If you’re looking for more cost-effective options upon arrival, consider these alternatives:

Use ATMs instead: ATMs at airports (e.g., Seven Bank, Japan Post) often provide better exchange rates with lower fees.
Exchange a small amount first: Exchange only a small portion for immediate needs (transportation, food), and look for better rates in the city.
Prepaid travel cards: Some travelers use prepaid multi-currency cards to withdraw cash at lower rates.

5. Tips for Exchanging Money at Airports

To make the most of airport currency exchange services, follow these tips:

Compare multiple exchange counters before committing to a transaction.
Avoid exchanging large amounts, as airport rates are typically unfavorable.
Use ATMs with international compatibility (Visa, Mastercard, UnionPay).
Check your home bank’s withdrawal fees before using ATMs in Japan.

By understanding the pros and cons of airport exchanges and considering alternative options, travelers can make informed decisions and avoid unnecessary expenses.

4. Using Banks for Currency Exchange

Exchanging money at banks in Japan is a reliable and secure option for obtaining Japanese yen (JPY). While banks generally offer better exchange rates compared to airports and hotels, they come with specific requirements and limitations that travelers should be aware of.

1. Major Banks Offering Currency Exchange Services

Several major banks in Japan provide foreign currency exchange services at their branches, especially in major cities and tourist areas. The most well-known banks include:

A. Mitsubishi UFJ Financial Group (MUFG Bank)

Available at major branches in Tokyo, Osaka, and Kyoto.
Competitive exchange rates with a minimal service fee.
ATMs available for international card withdrawals.

B. Sumitomo Mitsui Banking Corporation (SMBC)

Offers foreign currency exchange at select branches.
Good for travelers with UnionPay cards.
English-speaking staff available at larger branches.

C. Mizuho Bank

Available in major tourist locations such as Shinjuku and Shibuya.
Accepts various foreign currencies (USD, EUR, GBP, AUD, etc.).
Supports cash exchanges and ATM withdrawals.

D. Japan Post Bank (JP Bank)

One of the most accessible options with branches nationwide.
Offers currency exchange and ATM services for foreign cards.
English-friendly ATMs available at post offices.

2. Pros and Cons of Exchanging Money at Banks

Pros:

Competitive exchange rates compared to airports and hotels.
Reliable and secure transactions with official documentation.
English-speaking staff available at major city branches.
Ability to exchange a wide range of currencies.

Cons:

Limited operating hours, typically 9:00 AM – 3:00 PM on weekdays.
Requires passport identification for all transactions.
Longer wait times due to paperwork and verification processes.
Fewer foreign-friendly services in rural areas.

Best for: Travelers who want to exchange larger amounts at better rates and don’t mind the formalities and time required.

3. How to Exchange Money at a Bank in Japan

When exchanging money at a bank, follow these steps to ensure a smooth process:

Find a major bank branch: Use Google Maps or visit tourist areas where foreign-friendly banks are located.
Bring your passport: A valid passport is required for currency exchange transactions.
Fill out the necessary forms: Banks typically require you to fill out an exchange request form with details such as currency type and amount.
Wait for processing: Exchange transactions may take some time, especially during busy hours.
Receive your yen: The bank will provide a receipt with the exchange details for your records.

4. Exchange Rates and Fees at Banks

Banks usually offer more favorable exchange rates than airports, with lower service fees. Below is an example comparison of exchange rates at banks vs. other options:

Institution	Exchange Rate (per 1 USD)	Service Fee	Processing Time
MUFG Bank	¥141	1%	15-30 minutes
SMBC Bank	¥140	1.5%	20-40 minutes
Narita Airport	¥138	2%	5-10 minutes
7-Eleven ATM	¥142	Varies	Immediate

Tip: Check exchange rates beforehand using apps like XE Currency to ensure you’re getting a fair deal.

5. Using ATMs at Banks for Currency Exchange

In addition to over-the-counter services, most banks offer ATMs that accept international cards. Some tips for using bank ATMs:

Look for “International ATM” signs.
Ensure your card supports networks like Visa, Mastercard, and UnionPay.
Expect withdrawal limits, typically ¥100,000 per transaction.
Be aware of additional fees charged by your home bank.

6. Alternative Options to Banks

If visiting a bank is inconvenient, consider these alternatives:

Currency exchange shops: Faster service with competitive rates.
ATMs at convenience stores: Available 24/7 with decent rates.
Online currency exchange services: Some services allow you to order yen before your trip.

7. Tips for Exchanging Money at Banks

To make the most of your bank exchange experience, keep the following tips in mind:

Visit banks early in the day to avoid long queues.
Always carry some cash in your home currency for emergencies.
Compare rates across different banks before committing to an exchange.
If you need large amounts, inform the bank in advance to ensure availability.

Exchanging money at banks in Japan is a secure and reliable option, particularly for those who want to get the best rates while traveling through major cities.

5. Currency Exchange Shops in Major Cities

If you’re looking for a balance between convenience and competitive exchange rates, currency exchange shops in major cities like Tokyo, Osaka, and Kyoto can be an excellent option. These shops often offer better rates than airports and hotels while providing fast and hassle-free service.

1. Recommended Currency Exchange Shops by City

Here are some well-known and reputable currency exchange shops in Japan’s major cities:

A. Tokyo

Tokyo, as a major international hub, offers numerous currency exchange options in popular districts such as Shinjuku, Shibuya, and Asakusa.

Popular exchange shops:

Travelex Tokyo (Shinjuku, Ginza, Narita Airport)
- Competitive rates with various currency options.
- Locations in tourist hotspots and airports.
- Website: Travelex Japan
World Currency Shop (Multiple Locations)
- Operated by Mizuho Bank, offering reliable rates.
- Convenient for those near major JR stations.
- Website: World Currency Shop
Sakura Exchange (Shibuya, Akihabara, Ueno)
- Favorable rates for USD and EUR exchanges.
- English and Chinese-speaking staff available.
- Website: Sakura Exchange

B. Osaka

Osaka, known for its bustling business districts and tourist attractions, offers convenient currency exchange shops in areas like Namba and Umeda.

Popular exchange shops:

Kansai Currency Exchange (Namba, Osaka Station)
- Popular with tourists for its fair rates.
- No hidden fees and multilingual support.
Daikokuya (Shinsaibashi, Namba)
- Well-established pawnshop chain that offers currency exchange services with competitive rates.
- Website: Daikokuya
Travelex Osaka (Umeda, Kansai Airport)
- Available at key transport hubs and tourist areas.

C. Kyoto

Kyoto, a historic and cultural hub, provides reliable exchange services in key tourist areas such as Kyoto Station and Gion.

Popular exchange shops:

Kyoto Exchange Center (Kyoto Station area)
- Excellent rates compared to banks and hotels.
- Convenient location near public transportation hubs.
World Currency Shop (Kyoto Station)
- Offers multiple currency options with no hidden fees.
Nishiki Money Exchange (Nishiki Market)
- Ideal for travelers exploring Kyoto’s famous shopping street.

2. Pros and Cons of Using Currency Exchange Shops

Pros:

Better exchange rates than airports and hotels.
No or low commission fees, depending on the provider.
Fast service with minimal paperwork.
Convenient locations near tourist areas and shopping districts.

Cons:

Some shops have inconsistent rates, which may change frequently.
Exchange rates may not be as competitive as ATMs for certain currencies.
May not be available in smaller cities or rural areas.

Best for: Travelers who want to exchange cash at better rates while staying in major urban areas.

3. How to Find Reliable Currency Exchange Shops

To ensure a secure and favorable exchange experience, follow these tips:

Check online reviews: Websites like Google Maps and TripAdvisor offer reviews of exchange shops.
Compare rates beforehand: Use currency apps like XE Currency or visit official shop websites.
Look for official exchange certifications: Licensed shops usually display their credentials.
Avoid street vendors: Stick to established businesses to avoid scams or counterfeit currency.

4. Exchange Rates and Fees Comparison

Here’s a comparison of exchange rates and fees across different providers:

Exchange Provider	Location	Rate (per 1 USD)	Service Fee
Travelex Tokyo	Shinjuku	¥140	1% fee
World Currency Shop	Kyoto Station	¥141	No fee
Sakura Exchange	Akihabara	¥142	No fee
Kansai Currency Exch.	Osaka Namba	¥139	0.5% fee

Tip: Always check multiple shops to find the best rate before committing.

5. Tips for Using Currency Exchange Shops

Compare rates across multiple shops in the same area to ensure the best deal.
Bring your passport, as some shops may require identification for large transactions.
Ask about hidden fees, as some shops may charge commission fees despite offering good rates.
Exchange only what you need, as rates may fluctuate, and ATMs can provide a better deal later.
Use cash for better rates, as some shops offer discounts for cash transactions compared to card payments.

Currency exchange shops in major cities offer a practical and cost-effective solution for travelers looking for competitive rates with minimal hassle. However, always compare options and be aware of potential fees to make the most of your currency exchange experience.

6. Using ATMs to Withdraw Japanese Yen

Using ATMs to withdraw Japanese yen (JPY) is one of the most convenient and cost-effective ways to obtain cash in Japan. Many ATMs support international cards and are available 24/7, making them an excellent option for travelers who prefer not to carry large amounts of cash.

1. Best ATMs for Foreign Travelers

Japan offers several ATM networks that cater to foreign visitors by accepting international cards such as Visa, Mastercard, and UnionPay. Some of the most reliable options include:

A. Seven Bank ATMs (7-Eleven Convenience Stores)

Available 24/7 in thousands of 7-Eleven stores across Japan.
Supports Visa, Mastercard, American Express, Discover, JCB, and UnionPay cards.
Multilingual interface (English, Chinese, Korean, Portuguese).
Daily withdrawal limit: ¥100,000 (may vary by bank).
Service fee: ¥110–¥220 per transaction (depending on card issuer).

Best for: Travelers looking for convenience and accessibility in urban and rural areas.

B. Japan Post Bank ATMs

Found in post offices and major transport hubs across Japan.
Supports a wide range of international cards, including Visa, Mastercard, and Cirrus.
Operating hours: Typically 9:00 AM – 5:00 PM (some locations open longer).
Daily withdrawal limit: ¥50,000–¥100,000.
Service fee: ¥0–¥220 (varies by bank and card type).

Best for: Travelers seeking a secure and official exchange option with no or low fees.

C. E-Net ATMs (FamilyMart and Lawson Convenience Stores)

Available in major convenience stores like FamilyMart and Lawson.
Supports Visa, Mastercard, JCB, and UnionPay cards.
24/7 access with multilingual interface support.
Withdrawal limit: ¥100,000 per transaction.
Service fee: ¥110–¥220 per transaction.

Best for: Tourists needing easy access to cash in urban areas.

D. Aeon Bank ATMs (Aeon Malls & Supermarkets)

Located in Aeon malls and supermarkets across Japan.
Accepts international cards including Visa, Mastercard, and UnionPay.
Operating hours: Usually 9:00 AM – 9:00 PM.
Low withdrawal fees compared to convenience store ATMs.

Best for: Shoppers looking to withdraw cash while visiting malls.

2. Pros and Cons of Using ATMs in Japan

Pros:

Widespread availability: ATMs are located in airports, train stations, convenience stores, and shopping centers.
Competitive exchange rates: Often better than airport currency exchange counters.
24/7 accessibility: Most convenience store ATMs are available around the clock.
Multilingual support: English, Chinese, and other languages available at most ATMs.

Cons:

Foreign transaction fees: Some banks charge high fees for international withdrawals.
Daily withdrawal limits: Can be restrictive if large sums are needed.
Occasional compatibility issues: Not all ATMs accept every type of foreign card.

Best for: Travelers who prefer flexibility, competitive rates, and widespread accessibility.

3. How to Use an ATM to Withdraw Cash in Japan

Using an ATM in Japan is a simple process. Follow these steps to withdraw yen:

Insert your card (make sure it’s an internationally accepted one such as Visa or Mastercard).
Select your preferred language from the menu (English, Chinese, etc.).
Choose “Withdrawal” from the options.
Select your account type (Checking/Savings).
Enter the withdrawal amount (in yen).
Confirm transaction and collect your cash.
Take your receipt for reference.

Tip: Always check your bank’s withdrawal fees and exchange rates before using an ATM.

4. ATM Fees and Charges

It’s important to be aware of the fees associated with ATM withdrawals. Typical fees include:

ATM Provider	Service Fee (JPY)	Daily Limit (JPY)	Supported Cards
Seven Bank	¥110–¥220	¥100,000	Visa, Mastercard, UnionPay
Japan Post Bank	¥0–¥220	¥50,000–¥100,000	Visa, Mastercard, Cirrus
E-Net (FamilyMart)	¥110–¥220	¥100,000	Visa, Mastercard, JCB
Aeon Bank	¥110–¥220	¥100,000	Visa, Mastercard, UnionPay

Tip: Check with your home bank to see if they have partnerships with Japanese banks that allow fee waivers.

5. Safety Tips When Using ATMs in Japan

To ensure a safe and smooth experience when withdrawing cash, follow these tips:

Use ATMs in well-lit, busy areas: Avoid withdrawing cash in isolated locations.
Beware of hidden fees: Always check fees before confirming a transaction.
Keep your withdrawal receipts: Useful for tracking your expenses and exchange rates.
Avoid withdrawing large amounts at once: Carrying too much cash can be risky.
Enable international withdrawals: Some bank cards need activation for overseas use before traveling.

6. When Should You Use ATMs Instead of Exchange Counters?

Use ATMs when:

You need cash on the go without searching for exchange shops.
You prefer lower transaction fees compared to currency exchange counters.
You want a better exchange rate based on real-time market values.

Use exchange shops when:

You have a large amount of foreign currency in cash.
You prefer handling the exchange personally without ATM fees.
Your home bank charges high international ATM fees.

Using ATMs to withdraw Japanese yen is one of the easiest ways to access cash during your trip. By choosing the right ATM provider and being mindful of fees, you can make your money go further while enjoying a hassle-free experience.

7. Exchanging Money at Hotels and Tourist Areas

For travelers who prioritize convenience over exchange rates, exchanging money at hotels and tourist areas can be an easy and hassle-free option. Many major hotels and tourist hotspots offer currency exchange services to accommodate international visitors, but it’s important to understand their advantages and limitations.

1. Exchanging Money at Hotels

Many international hotels in Japan, especially those in cities like Tokyo, Osaka, and Kyoto, offer currency exchange services at their reception desks or concierge offices. These services cater primarily to guests and are a convenient option when you need cash without leaving the hotel premises.

Pros:

Convenience: No need to search for exchange locations outside the hotel.
Security: Transactions are conducted in a safe and reliable environment.
Instant cash availability: Ideal for emergencies or last-minute expenses.
Staff support: Multilingual staff available in most international hotels.

Cons:

Poor exchange rates: Hotels typically offer rates that are less favorable than banks or exchange shops.
Limited currency options: Some hotels may only exchange major currencies such as USD, EUR, and GBP.
Service fees: Hotels may charge high commission fees on transactions.

Best for: Travelers who prioritize convenience and don’t mind paying extra for immediate access to cash.

2. Exchanging Money in Tourist Areas

Currency exchange services are widely available in tourist-heavy areas such as Shinjuku, Shibuya, and Ginza in Tokyo, as well as Dotonbori in Osaka and Gion in Kyoto. These locations often have specialized exchange counters that cater specifically to international visitors.

Popular tourist exchange locations:

Tokyo: Asakusa, Ginza, Shinjuku (many exchange shops available).
Osaka: Namba, Dotonbori, Umeda shopping districts.
Kyoto: Near Kyoto Station, Nishiki Market, and Gion district.

Pros:

Accessibility: Convenient locations near major sightseeing spots.
Extended hours: Many currency exchange shops in tourist areas operate late into the evening.
Multiple currency options: Accept a wider variety of international currencies.

Cons:

Tourist trap pricing: Some shops may take advantage of tourists with poor exchange rates.
Crowds and long wait times: Popular areas can be busy, leading to longer transaction times.
Hidden fees: Some places may charge additional commissions without clear disclosure.

Best for: Travelers exploring popular tourist destinations who need cash in a pinch.

3. Exchange Rates and Fees at Hotels vs. Tourist Areas

Exchange Location	Rate (per 1 USD)	Service Fee	Availability
Hotel Currency Desk	¥135–¥138	3–5% commission	24/7 (select hotels)
Tourist Exchange Shop	¥138–¥140	1–2% commission	9:00 AM – 10:00 PM
Bank Branches	¥140–¥142	No commission	9:00 AM – 3:00 PM

Tip: If you’re staying in a tourist area, compare rates at multiple exchange counters before committing to a transaction.

4. Alternatives to Hotel and Tourist Area Exchanges

If you want to avoid high fees at hotels and tourist locations, consider these alternatives:

Use ATMs: Often offer better rates with lower fees compared to hotels.
Prepaid travel cards: Load your currency and withdraw cash as needed.
Currency exchange shops: Usually offer better rates than hotels with a minimal service fee.

5. Tips for Exchanging Money at Hotels and Tourist Areas

To make the most out of currency exchange services at hotels and tourist areas, consider the following tips:

Exchange only small amounts for immediate needs, as rates are not the most favorable.
Compare rates between hotel desks and nearby exchange shops before deciding.
Check for hidden fees, such as service charges or unfavorable rounding.
Use these services as a backup, rather than a primary means of exchanging money.
Confirm the exchange rate in advance to avoid surprises when completing the transaction.

Exchanging money at hotels and tourist areas is a convenient option, especially for those who need cash quickly. However, for better exchange rates, travelers should consider using banks or ATMs whenever possible.

8. Tips for Getting the Best Exchange Rates

Getting the best exchange rate when converting your money to Japanese yen (JPY) can help you save money and make the most of your trip to Japan. By planning ahead and choosing the right exchange methods, you can minimize fees and maximize your travel budget.

1. Monitor Exchange Rates Before Your Trip

Exchange rates fluctuate daily due to market conditions, so it’s a good idea to track currency trends before your departure.

How to monitor rates:

Use reliable websites such as XE.com, OANDA, or your local bank’s exchange rate page.
Download currency tracking apps to set alerts for favorable rates.
Monitor rates a few weeks in advance to identify the best time to exchange.

Tip: Exchange a portion of your money when rates are favorable, rather than waiting until the last minute.

2. Exchange Money in Your Home Country

In some cases, exchanging currency before traveling can provide better rates than exchanging money in Japan.

Advantages:

You can compare rates among local banks and currency exchange shops.
Avoid high fees charged at Japanese airports and hotels.
Exchange large amounts with confidence.

Tip: Research and compare exchange rates at major banks, exchange bureaus, and online services in your home country before making a decision.

3. Use ATMs for Better Exchange Rates

ATMs in Japan often provide exchange rates that are closer to the mid-market rate, making them one of the most cost-effective options.

Best ATM options for foreign cards:

Seven Bank ATMs (inside 7-Eleven stores)
Japan Post Bank ATMs (at post offices and train stations)
E-Net ATMs (found in FamilyMart and Lawson stores)

Tip: Check with your home bank about international withdrawal fees and daily limits to avoid unexpected charges.

4. Avoid Airport Currency Exchange for Large Amounts

While airport currency exchange counters are convenient, they often offer poor exchange rates and charge higher service fees compared to city exchange shops and ATMs.

When to use airport exchange:

If you need a small amount of cash (around ¥10,000–¥20,000) for immediate expenses such as transportation and meals.
If you have no other options upon arrival.

Tip: Exchange a small amount at the airport and look for better rates once you’re in the city.

5. Compare Exchange Rates Across Different Providers

Exchange rates can vary significantly between different exchange providers, so it’s worth taking the time to compare rates before making a transaction.

Where to compare rates:

Banks
Currency exchange shops (e.g., Travelex, Sakura Exchange)
Online services

Tip: Avoid exchange locations in heavily touristy areas, as they tend to have less favorable rates.

6. Be Aware of Hidden Fees and Charges

Even if an exchange provider advertises “no commission fees,” they may compensate with an unfavorable exchange rate. Always check the fine print for:

Service fees per transaction.
Minimum exchange amount requirements.
Extra charges for credit/debit card payments.

Tip: Use cash for exchanges when possible, as credit card exchanges often incur additional fees.

7. Consider Using Multi-Currency Prepaid Cards

Prepaid travel cards, such as Wise (formerly TransferWise) or Revolut, allow you to lock in exchange rates in advance and use them to withdraw cash at ATMs or make purchases.

Benefits of prepaid cards:

Avoid fluctuating exchange rates.
Lower fees compared to credit card cash advances.
Easy to top up and manage online.

Tip: Check if your prepaid card supports withdrawals at ATMs in Japan and what the associated fees are.

8. Exchange Larger Amounts at Once

Exchanging small amounts frequently can lead to higher overall fees due to per-transaction charges. Instead, exchange a larger sum to minimize fees and secure a better rate.

Tip: Plan your budget in advance and exchange a sufficient amount to cover your trip while keeping a reserve for emergencies.

9. Avoid Dynamic Currency Conversion (DCC)

When paying with a credit or debit card in Japan, you may be offered the option to pay in your home currency instead of Japanese yen. This is called Dynamic Currency Conversion (DCC), and it usually comes with an unfavorable exchange rate and high fees.

Tip: Always choose to pay in Japanese yen to get the best exchange rate from your bank.

10. Use Online Currency Exchange Services

Some online services allow you to exchange money before your trip and have it delivered to your home or pick it up at a designated location. Services like Travelex online ordering often offer better rates than physical locations.

Tip: Check delivery times and exchange policies before ordering online.

By following these tips, you can make informed decisions and get the best value for your money while traveling in Japan.

9. Comparing Exchange Rates: What You Should Know

When exchanging money in Japan, understanding exchange rates and how they vary across different providers can help you make better financial decisions. Comparing exchange rates ensures that you get the best value for your currency while avoiding unnecessary fees.

1. Key Factors That Affect Exchange Rates

Exchange rates are influenced by several factors, including:

Market fluctuations: Foreign exchange rates change based on global economic trends and demand for currencies.
Service provider margins: Banks, currency exchange shops, and hotels apply their own profit margins, which affect the final rate you receive.
Transaction fees: Some providers may offer good rates but compensate with hidden fees.
Location: Exchange rates may vary depending on whether you’re at an airport, hotel, or city exchange shop.

Tip: Always compare rates at multiple locations before exchanging a large sum of money.

2. Where to Compare Exchange Rates

There are several reliable methods to compare exchange rates before exchanging your money:

A. Online Currency Tools

Websites and apps like the following provide real-time exchange rates:

XE.com: Offers mid-market rates and historical trends.
OANDA.com: Provides conversion tools and up-to-date forex rates.
Google Search: Simply type “USD to JPY” or your desired currency to get an estimated rate.

Tip: Compare these online rates to the rates offered at exchange locations to check for discrepancies.

B. Bank and Exchange Shop Websites

Many banks and exchange shops in Japan publish their exchange rates online, allowing you to check and compare before visiting in person. Some useful links include:

Travelex Japan: Travelex Official Site
World Currency Shop (by Mizuho Bank): World Currency Shop
MUFG Bank: Offers exchange rate listings for major currencies.

Tip: Bookmark a few exchange provider websites to quickly check rates before making a decision.

C. Mobile Apps for Live Rate Tracking

Downloading a currency exchange app can help you stay informed about current rates and trends on the go. Popular apps include:

Wise (formerly TransferWise): Provides fair exchange rates with minimal fees.
Currency Converter Plus: Allows offline access to exchange rates.
Revolut: Great for tracking multiple currencies simultaneously.

Tip: Enable notifications for rate changes so you can exchange when the rates are favorable.

3. Exchange Rate Comparison: Practical Examples

To illustrate how rates can vary, here’s a comparison of exchange rates for 1 USD to JPY across different exchange options:

Exchange Option	Rate (per 1 USD)	Service Fee	Best For
Airport Exchange Counter	¥138	2-3% commission	Immediate cash needs
Bank Branch (MUFG)	¥140	1% commission	Secure transactions
Currency Exchange Shop	¥141	No commission	Best overall rates
ATM (Seven Bank)	¥142	Varies by bank	Convenience
Hotel Exchange Desk	¥135	3-5% commission	Emergency needs

Tip: Avoid exchanging large amounts at airports and hotels due to unfavorable rates and high service fees.

4. Should You Exchange Money Before Arriving in Japan?

Some travelers wonder whether it’s better to exchange money before departure or after arriving in Japan. Here’s a quick comparison:

Exchanging before your trip:

Allows better rate comparison from your home bank or local exchange services.
You avoid the stress of searching for exchange shops after landing.
May offer better deals, but with limited availability of Japanese yen.

Exchanging in Japan:

Generally offers better rates, especially at city exchange shops or ATMs.
Greater availability of local currency.
Some exchange locations offer special deals for tourists.

Tip: Exchange a small amount before your trip for initial expenses and exchange the rest in Japan where rates are more favorable.

5. What to Watch Out for When Comparing Exchange Rates

When evaluating exchange rates, avoid common pitfalls such as:

Dynamic Currency Conversion (DCC): Some merchants may offer to charge your home currency instead of yen, but this usually results in a poor exchange rate.
Hidden fees: Some providers advertise “0% commission” but offer lower exchange rates instead.
Limited currency availability: Not all exchange shops handle every foreign currency, so check in advance.
Daily rate fluctuations: Exchange rates can change throughout the day, so it’s worth monitoring before making an exchange.

6. When Is the Best Time to Exchange Money?

While exchange rates fluctuate daily, the best times to exchange money are typically:

Weekdays (Monday–Friday): Banks and exchange shops offer better rates during regular business hours.
Avoid weekends and public holidays: Exchange rates may be less favorable due to limited forex activity.
Before peak tourist seasons: Rates can become less favorable during high-demand travel periods (e.g., cherry blossom season).

By taking the time to compare exchange rates and plan your currency exchanges wisely, you can maximize your travel budget and avoid unnecessary expenses.

10. Common Mistakes to Avoid When Exchanging Money

When exchanging money in Japan, it’s easy to make mistakes that can result in unnecessary fees, unfavorable exchange rates, or even financial setbacks during your trip. By being aware of these common pitfalls, you can make smarter financial decisions and maximize the value of your Japanese yen.

1. Exchanging Too Much Money at the Airport

Mistake:
Many travelers exchange large amounts of money at airport currency counters for convenience. However, airports usually offer the worst exchange rates and the highest service fees.

Solution:

Exchange only a small amount (¥10,000–¥20,000) for immediate expenses such as transportation and meals.
Use ATMs or exchange shops in the city for better rates.

Tip: If you must exchange money at the airport, compare rates at multiple counters first.

2. Not Checking the Exchange Rate in Advance

Mistake:
Failing to check the current exchange rate before exchanging money can lead to accepting unfavorable rates. Some providers may take advantage of uninformed tourists by offering significantly lower rates.

Solution:

Use currency tracking apps like XE Currency or Google search to check live rates.
Compare rates at multiple exchange locations before committing.

Tip: Be cautious of shops advertising “No Commission” — they may offer worse exchange rates instead.

3. Ignoring Hidden Fees and Commissions

Mistake:
Some exchange providers advertise “0% commission” but compensate by offering poor exchange rates or charging hidden administrative fees.

Solution:

Always ask for the final amount you will receive after deductions.
Read the fine print and check for any processing or handling fees.

Tip: Use ATMs with transparent fees instead of physical exchange counters to avoid surprises.

4. Not Bringing Enough Cash

Mistake:
Japan is still a cash-centric society, and some travelers rely too much on credit cards, assuming they can use them everywhere. Many small restaurants, temples, and rural areas do not accept cards.

Solution:

Always carry enough cash for daily expenses such as meals, transportation, and entrance fees.
Use ATMs in 7-Eleven or FamilyMart stores when additional cash is needed.

Tip: A good rule of thumb is to carry at least ¥10,000–¥20,000 per day in cash.

5. Using Dynamic Currency Conversion (DCC) at Shops and ATMs

Mistake:
When using credit or debit cards, some merchants and ATMs offer the option to pay in your home currency instead of yen. This feature, called Dynamic Currency Conversion (DCC), usually results in poor exchange rates and extra charges.

Solution:

Always choose to be charged in Japanese yen (JPY) instead of your home currency.
Review your receipts to ensure you were billed correctly.

Tip: Inform your bank before your trip to understand their currency conversion policies.

6. Exchanging All Your Money at Once

Mistake:
Converting your entire travel budget into yen at once can be risky if exchange rates fluctuate or if you don’t end up needing all the cash.

Solution:

Exchange a portion of your budget at a time and monitor rates to take advantage of favorable changes.
Consider using prepaid travel cards that allow flexible top-ups.

Tip: Keep an eye on exchange rate trends using apps to determine the best times to exchange.

7. Forgetting to Bring Your Passport for Currency Exchange

Mistake:
Some travelers forget that a passport is required when exchanging money at banks and official exchange shops in Japan.

Solution:

Always carry your passport when visiting a currency exchange shop or bank.
Have a photocopy or digital copy as a backup in case you forget the original.

Tip: ATMs do not require passports, making them a convenient option in case you forget.

8. Not Factoring in Bank Withdrawal Limits

Mistake:
Many travelers assume they can withdraw large amounts from ATMs, only to find out their home bank has daily withdrawal limits, leading to unexpected issues.

Solution:

Check your home bank’s withdrawal limits before your trip.
Plan your withdrawals accordingly to avoid running out of cash unexpectedly.

Tip: Withdraw larger amounts at once to minimize multiple transaction fees.

9. Exchanging Money at Unreliable Locations

Mistake:
Using unknown or unregulated currency exchange shops found in tourist areas may result in poor rates, hidden fees, or even counterfeit currency.

Solution:

Stick to reputable providers such as Travelex, World Currency Shop, and major banks.
Avoid exchanging money at suspicious street vendors or unofficial locations.

Tip: Use Google Maps to check reviews and ratings before visiting an exchange location.

10. Not Having a Backup Plan

Mistake:
Relying solely on one method of obtaining cash (e.g., only cash or only credit cards) can be risky in case of lost cards, ATM issues, or emergencies.

Solution:

Diversify your money sources by carrying a mix of cash, credit cards, and a prepaid travel card.
Keep emergency cash hidden in a separate place from your main wallet.

Tip: Inform your bank of your travel plans to avoid your card being blocked for suspicious transactions.

Key Takeaways for Avoiding Exchange Mistakes

To avoid costly mistakes and get the best value for your money in Japan, remember the following tips:

Exchange a small amount at the airport, then find better rates in the city.
Always compare rates and watch for hidden fees.
Use ATMs for better rates and convenience.
Carry enough cash, as not all places accept cards.
Avoid Dynamic Currency Conversion (DCC) and always choose to pay in yen.

By being informed and prepared, you can avoid common money exchange mistakes and enjoy a smooth financial experience during your trip to Japan.

11. Conclusion

Exchanging money in Japan is an essential part of travel planning, and knowing the best methods to do so can save you both time and money. With Japan still being a largely cash-based society, having access to Japanese yen (JPY) is crucial for making purchases at local restaurants, temples, and transportation services.

Key Takeaways for Currency Exchange in Japan

Plan Ahead:
- Monitor exchange rates before your trip using tools like XE.com or Google search.
- Consider exchanging a small amount in your home country for immediate expenses.
Choose the Right Exchange Method:
- Airports: Convenient but offer less favorable rates—best for small amounts.
- Banks: Reliable and secure, with better rates, but limited operating hours.
- Currency Exchange Shops: Often the best rates, especially in tourist areas.
- ATMs: Widely available and usually offer competitive rates for card withdrawals.
- Hotels and Tourist Areas: Convenient but typically come with higher fees.
Avoid Common Pitfalls:
- Don’t exchange large amounts at the airport.
- Avoid Dynamic Currency Conversion (DCC) when using credit cards.
- Always check for hidden fees and commissions before exchanging.
Utilize ATMs Wisely:
- Use ATMs at 7-Eleven, Japan Post Bank, and FamilyMart, which accept most foreign cards.
- Be aware of your home bank’s withdrawal limits and fees.
Keep a Mix of Payment Methods:
- Carry enough cash for smaller transactions.
- Use credit or prepaid cards for larger purchases when possible.

Recommended Strategy for Tourists

For a balanced approach to currency exchange while in Japan:

Exchange a small amount (¥10,000–¥20,000) at the airport for immediate expenses like train tickets and meals.
Withdraw larger amounts using ATMs in convenience stores to take advantage of better exchange rates.
If needed, use a currency exchange shop in cities like Tokyo or Osaka for competitive rates.
Keep an eye on exchange rates and withdraw/exchange money when rates are favorable.

Final Thoughts

Whether you’re exploring the bustling streets of Tokyo, the serene temples of Kyoto, or the vibrant nightlife of Osaka, ensuring that you have access to yen at the best possible rates will help you enjoy your trip without financial stress.

By planning your currency exchanges wisely, comparing rates, and avoiding common mistakes, you can make the most of your budget and enjoy a hassle-free experience in Japan.