QUOTE(jefferenelee @ Nov 29 2015, 08:35 AM)
Hi, sorry to bring on the currency exchange topic again as I think this is relevant to Japan's travel and also to stop more confusion.
When you want to exchange MYR to JPY in Japan, you should look at the buying rate instead of the selling rate coz at Japan, MYR is foreign currency (外货) so the money changer is buying MYR from you. For eg: based on today's Kansai Airport's exchange rate, buying MYR is 24.59, if you want JPY100,000, you need to pay 100,000/24.59=4,066.69 which is damn expensive.
I have confirmed this fact with the money changer during my recent trips to Japan as I have brought extra RM apart from JPY to Japan. At the end, I didn't make any exchange due to the higher rate, and the yen that I brought over from Malaysia was more than enough.
Most of country are standing on Money Exchange view, which mean ''Sell Rate'' are selling the Yen to you & ''Buy Rate'' are buying Yen from you.When you want to exchange MYR to JPY in Japan, you should look at the buying rate instead of the selling rate coz at Japan, MYR is foreign currency (外货) so the money changer is buying MYR from you. For eg: based on today's Kansai Airport's exchange rate, buying MYR is 24.59, if you want JPY100,000, you need to pay 100,000/24.59=4,066.69 which is damn expensive.
I have confirmed this fact with the money changer during my recent trips to Japan as I have brought extra RM apart from JPY to Japan. At the end, I didn't make any exchange due to the higher rate, and the yen that I brought over from Malaysia was more than enough.
But in Japan are Reverse. They base on Customer view. ''Sell Rate'' are you selling Yen to money exchange & ''Buy Rate'' are you buying from money exchange.
Nov 29 2015, 09:57 AM

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