The exchange rate of TWD to JPY has reached 4.85, and many people are considering exchanging for Japanese Yen. But do you know? Exchanging 50,000 TWD through cash at the counter and online remittance may cost over 1,000 yuan more. We have summarized the four most common JPY remittance channels in Taiwan, using the latest exchange rates to show you, so you can save unnecessary expenses.
Why exchange Yen now?
Beyond travel and daily needs, another consideration
Traveling in Japan is popular, but the reason for exchanging Yen is not just for trips abroad. Over 40% of merchants in Japan still only accept cash, and purchasing agents, studying abroad, and part-time work often require Yen; more importantly, the Yen, as one of the world's three major safe-haven currencies (alongside USD and Swiss Franc), serves as a hedge against Taiwan stock market risks for Taiwanese investors.
The financial logic of safe-haven assets
Japan's economy is stable, with relatively low debt. During market turbulence, funds flow into Yen as a safe haven—during the Russia-Ukraine conflict in 2022, the Yen appreciated by 8% in one week, while the Taiwan stock market declined by