Yen

Discussion in 'Japan' started by mrtonya, Nov 9, 2012.

  1. PMG

    PMG Dedicated Member
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    Hit 83 overnight.
     
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  2. Chondro

    Chondro Dedicated Member
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    Go you good thing
     
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  3. Ludaning

    Ludaning Active Member

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    Bugger, I jumped the gun.
     
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  4. Chondro

    Chondro Dedicated Member
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    Yeah me too.
    83.50 now
     
  5. PMG

    PMG Dedicated Member
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    83.999 atm.
     
  6. Chondro

    Chondro Dedicated Member
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    @Sandy anything happening over there to cause this?
    Or is this the start of the worrying about trump getting in and his trade policies ?

    I did read somewhere a while ago that when he finally takes office expect the AUD to hit parity with USD and similar with the yen at 100/$1
     
  7. Sandy

    Sandy Dark Sith Lord of the Pool Room
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    No, I think it's Trump driven. The initial AUD drop was the uncertainty when he got in, and the rise based on his conciliatory talk recently. Uncertainty = lower AUD.

    Can you link the info about parity? Personally, I don't think it will happen. Before the election, the USD was 105 JPY, it dropped to 101 on his win, and has steadily risen to 113 JPY/USD. A year ago it was around 120.

    I don't see how the AUD can hit parity with USD & JPY if the USD is rising. The AUD has risen marginally against the USD (from around .73 to .74), so this coupled with the rise in the USD explains the rise of the AUD against the Yen, IMO.
     
  8. Chondro

    Chondro Dedicated Member
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    Yep cool - Ill have a search around this arvo and try to find the article.
     
  9. azzski

    azzski Old And Crusty
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    Commodities like metals have also jumped under the mistaken belief that Trump is going to provide a growth industry and manufacturing boon to Make Merica Great Again.
     
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  10. Chondro

    Chondro Dedicated Member
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    So the trend based on these is we should see the AUD strengthen against the yen for a bit yet?
     
  11. azzski

    azzski Old And Crusty
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    I think so, IMO. At least in the short term.

    Worth noting that I have a poor track record of predicting the movement of the AUD-JPY relationship though!
     
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  12. Goreng

    Goreng Just Registered

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    Just wondering peoples opinions on prepaid travel cards. I've used the velocity global wallet one from Virgin before, seems pretty good with low ATM fees (160 yen) and ability to lock in funds at the current exchange rate.

    However, seems the exchange rate you get is lower than for Visa debit/credit cards and you have to pay currency conversion fees.

    Thoughts?
     
  13. Froff Life

    Froff Life Dedicated Member
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    Get a Citibank card, no atm fees or other hidden fees, no currency conversion fees, you just get the banks exchange rate, plus its a debit card so you can easily manage your money/use PayPass
     
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  14. skichic

    skichic Addicted Member

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    Yep and a 28degrees mastercard as backup.
     
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  15. Goreng

    Goreng Just Registered

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    Is that the Citibank Plus everyday account?

    The NAB travel card sounds pretty good: http://www.nab.com.au/personal/international/nab-traveller-card
     
  16. Froff Life

    Froff Life Dedicated Member
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    Yep everyday account. You can use it in Aus too as an added bonus. Only thing to be mindful of is transferring money from another bank can take up to 72 hours.
    That NAB card can only take a maximum of 10 currencies, the Citibank card is for everything. Plus the NAB card has lot's of minimum/maximum transfer and transaction limits.
    Biggest thing is the NAB currency conversion fee, which Citibank don't have. I've used it in Japan twice and all over Europe and it was great.
     
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  17. Froff Life

    Froff Life Dedicated Member
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    Perfect combo!
     
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  18. gaz35

    gaz35 Active Member

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    Agree with Froff - the Citibank Card is what all cards should be - good value, widely accepted and simple to use. As a NAB customer - I can highly recommend the Citibank option
     
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  19. skichanger

    skichanger Dedicated Member
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    Speaking as someone who is currently spending a lot of money in Japan the cards to use are:
    Citibank with a plus everyday account for ATM withdrawals
    28 degrees mastercard credit card for purchases
    Ing Orange everyday account for ATM withdrawals.

    Just make sure you tell them you will be overseas. And if necessary be able to get in touch with them to sort stuff out. We have a VOIP phone for calls back to Aus. Have needed it quite a bit at the moment to sort out blocked cards.

    And you need to check that the card is still active if you have not used ot in the last 6 months. A bit of a trap you don't expect.
     
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  20. azzski

    azzski Old And Crusty
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    Yeah they'll deactivate a Citibank account if you're not sporadically using it. One to watch.
     
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  21. skichanger

    skichanger Dedicated Member
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    LOL the NAB gold debit was great till the introduced the 2% or so fee.
     
  22. Annitowa

    Annitowa Well-Known Member
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  23. Sandy

    Sandy Dark Sith Lord of the Pool Room
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    You need to use 7-11 or Japan post to be sure. Until recently no other ATMs guaranteed to work.
     
  24. skichanger

    skichanger Dedicated Member
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    Yeah I am a little concerned about the situation in Madarao wrt people getting cash.
     
  25. Crispy013

    Crispy013 Dedicated Member

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    This^.

    Citibank (debit), ING (debit), 28 degrees (credit).

    No annual fees, free or fixed low fees for cash withdrawal, and near market exchange rates.
     
  26. Joliver

    Joliver Active Member

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    Wholesale rate over 84 now - go you good thing!
     
  27. Seemore

    Seemore Active Member

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    changed some at 80 at KLM last week but holding back for the second chunk only 84.35 last night
     
  28. Crispy013

    Crispy013 Dedicated Member

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    84.24.....I'm liking this progression.
     
  29. Salacious Crumb

    Salacious Crumb Active Member

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    I would be happy for it to stay above 87 and could well happen as commodity prices will rise as well as investment to spec currencies like the aud
     
  30. Chondro

    Chondro Dedicated Member
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    Aus banks starting to rise interest rates too.
     
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  31. winter

    winter Well-Known Member
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    KVB sell rate for ¥ today.
    82.33.
    Time to change, happy with that rate.
     
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  32. Chondro

    Chondro Dedicated Member
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    Continuing to climb. Presently 84.98
     
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  33. Zimboo

    Zimboo Addicted Member

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    Over 85..........almost back to last seasons exchange rate. :)
     
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  34. Froff Life

    Froff Life Dedicated Member
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  35. Tonester

    Tonester Dedicated Member
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    Your excitement matches your avatar
     
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  36. gaz35

    gaz35 Active Member

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    Citibank might be losing its lustre.

    No longer fee free currency conversion from March 2017?














     
  37. Chondro

    Chondro Dedicated Member
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    :o do you have a link on this ? What fees will they charge and what date in march does it come into effect? ****ers!
     
  38. Crispy013

    Crispy013 Dedicated Member

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    Lucky I've got an ING direct card :rolleyes:
     
  39. Ozgirl

    Ozgirl Dedicated Member
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    Its free to withdraw cash but they now charge for visa purchases!

    So mad! Had one of the best cards for travel now i don't!
     
  40. Crispy013

    Crispy013 Dedicated Member

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  41. Crispy013

    Crispy013 Dedicated Member

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    Thats what my 28 degrees card is for!

    Cash out = ING Direct.....Credit = 28 degrees
     
  42. Chondro

    Chondro Dedicated Member
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    2.5% , Guess ill be withdrawing a heap out in the final days of February.

    I noticed that on the citibank site the exchange rates arent as great as they used to be either anymore -
    Ie 83.470 when the rate is 85.13 atm

    change to 28 degrees and ING before next trip
     
  43. Froff Life

    Froff Life Dedicated Member
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    Sorry for my ignorance, I've always just used the Citibank card. What's the difference between it and the ING Direct debit card?
     
  44. Born2ski

    Born2ski Part of the Furniture

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    Could still be fee free as it states "Excludes Citibank Plus Transaction and Citibank Online Saver Accounts" in the schedule of fees.

    The Visa debit card will be changing to Mastercard though.
     
  45. Crispy013

    Crispy013 Dedicated Member

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    Citibank has been fee free for international transactions......ING Direct charges a flat $2.50.
     
  46. PMG

    PMG Dedicated Member
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    Their wording is fairly confusing at the best of times.
    I just paid for some airline tickets in yen on my card and got an exchange rate of 84.59! Can't beat that.
     
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  47. gaz35

    gaz35 Active Member

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    good pick up - didn't see that. I must admit I don't know what type of account I have with them now. I know I signed up for Citibank Plus account and the card I use in the ATM's is titled Citibank Visa Debit Card. Confusing!!

    I have put in a request to Citibank to clarify my situation. I'll post response when (if) I get it.
     
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  48. Born2ski

    Born2ski Part of the Furniture

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    Ok just spoke to Citibank over the phone. After she went off to confirm with a supervisor she then told me that the Citibank Plus account is still exempt from the foreign transaction fees.
     
  49. travelislife

    travelislife Dedicated Member
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    No changes folks to the fees for the card everyone here is talking about. False alarm!
     
  50. Chondro

    Chondro Dedicated Member
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    is still for now? or only until March 17? or still free after that too