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Yen

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

  1. travelislife

    travelislife One of Us Ski Pass: Gold

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    Haha, don't worry plenty chilled! Again, just giving info. It's obvious from the queries up the page that generally people don't understand where the exchange rates come from and often blame their bank or the ATM, etc. So just trying to give some clarity. The big 4 often apply 3-4% arbitrage on top of Visa or Mastercard rates, plus then another % for it being an overseas transaction, plus if using an ATM a fixed withdrawal charge of $5 or similar. On $100 ATM withdrawal the difference can be in excess of 10% between something like the Citibank card and a CBA ATM card.
     
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  2. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Got my new HSBC card and this is today's BUY/SELL rates



    This is the FX rates I found on the Citibank site



    So pretty favourable. Or is there a separate site where I can find the travel card rates?
     
  3. rikedwards

    rikedwards Hard Yards

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    I managed to get a 78 yen buy rate for notes in Adelaide today. Pretty happy with that considering I got 75.5 a few weeks ago when the forecast was bad and the rate dropped a full yen today on the trading markets.
     
  4. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Yeah, that's very good from a couple of other places I looked at today. One in KW St and the other in the Central Markets.
     
  5. sourmash

    sourmash One of Us

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    Got 77.47 on Monday at KVB

    [​IMG]
     
  6. travelislife

    travelislife One of Us Ski Pass: Gold

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    Hi MG, what is the travel card you are referring to? The citibank one is a standard cash account in AUD only. As I posted up thread those rates you are quoting aren’t what you get out of the ATM with Citibank. You need to check the MasterCard site. Those Citibank rates will be for transfers, etc.
     
  7. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    I was looking for a comparison with the Citibank card ATM rates. HSBC post their rates on their site but I could only find the general FX rates on the Citibank site. Trying to find a direct like for like.
     
  8. Hagle

    Hagle Hard Yards

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    I have a simplistic view. I get a reference point from the Travelex or major bank website. I then phone [insert your local foreign exchange dealer here] and ask for their best rate for Yen and then go get the cash. Honestly, if its ¥78 = $1 or ¥75 = $1 it’s insignificant in the whole cost of my ski trip.

    However, Who doesn’t like the challenge of getting a better Forex rate!

    Geoff
     
  9. travelislife

    travelislife One of Us Ski Pass: Gold

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    I posted the link upthread for Citibank rates out of the ATM. Those rates you posted from HSBC are unlikely to be what you get out of the ATM. Is the HSBC Visa or mastercard?
     
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  10. travelislife

    travelislife One of Us Ski Pass: Gold

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  11. travelislife

    travelislife One of Us Ski Pass: Gold

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    Here it is for HSBC Visa card. Just put bank fees 0 if that is the case (I haven’t spent time looking at the HSBC product)

    https://www.visa.com.au/travel-with-visa/exchange-rate-calculator.html
     
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  12. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Cheers TIL
     
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  13. rikedwards

    rikedwards Hard Yards

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    Worldex on KW was the one - I got lucky, the price has dropped since and looks to continue to drop with todays RBA outlook.
     
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  14. telenomore

    telenomore One of Us Ski Pass: Silver

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    Rate going south after Chinese currency market adjustment today. Westpac 67. Ozforex just under 72.
     
  15. Any

    Any One of Us

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    its torture. lately its falling so much that it seems that every day my expenses for next season goes up by another $1000
     
  16. ponyrider

    ponyrider Addicted

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    It's horrible yes. No comparison (but let's make one anyway): Vail's walk-up rate at USD$209 would translate to AUD$311 today. Niseko's would be AUD$112 and Myoko's AUD$84. No point in talking about iconic, epic mega-cala-fragilistic passes as I don't know where I'm going to be next week let alone in six months time. But I've booked Myoko anyway :D
     
  17. Sandy

    Sandy Dark Sith Lord of the Pool Room Moderator Ski Pass: Gold

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    Myoko's walk up price wont be $84 AUD. The COMBINED Akakura Kanako (Akakan) and Akakura Onsen ticket is 6000yen ($84), but the Akakan ticket is only 4300yen. ($61)

    There was a pre-purchase Myoko day ticket a few years back (Akakan & Ikenotaira) for 2500yen($35). I didn't see it last year, but I wasn't looking. May be on again.....
     
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  18. ponyrider

    ponyrider Addicted

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    Truly wonderful, thanks. Yes of course I will do a weekly pass or similar to sweeten the deal. In fact leaving aside ticket prices I decided on Myoko over Shiga for this trip for other cost issues as well. I've got some non-gear-owning people coming along with me and hire rates seemed to be a much better proposition. And food.

    Just back on US currency for a sec, imagine how much it's going to cost now to spray a bottle of Veuve racing-driver-style at Aspen's Cloud 9? Gulp - circa AUD$183 to let that fizz go. Makes a lift ticket look cheap, daaaaahhhhling
     
  19. Melskius

    Melskius One of Us

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    Hoping it regains a bit by February. Each year though the rate has been worse than the last.
     
  20. Sandy

    Sandy Dark Sith Lord of the Pool Room Moderator Ski Pass: Gold

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    Seems like a good time for me to send Yen back to Australia..... ;)
     
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  21. Hanz Onyawaif

    Hanz Onyawaif Hard Yards

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    I took my Japanese mum to the currency exchange desk yesterday to swap yen for dollars.

    She was getting annoyed as she seemed to be getting different rates from last time and she said...

    "Why last time I got $200 when this time I get only $180?"

    The teller looked at her & shrugged his shoulders and said "Fluctuations"

    She replied...."Yeah well, Fluc you white people too!"
     
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  22. Any

    Any One of Us

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  23. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Dead cat bounce I fear. Hope I'm wrong.
     
  24. Any

    Any One of Us

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    doesnt dead cat bounce require a prolonged downward trend?
    this is more like snake flat on road in traffic sniffed by downward dog.

    its slowed down, but still going up i hope!
     
  25. Dave6

    Dave6 One of Us Ski Pass: Silver

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    Trend looks pretty clear to me.

     
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  26. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Yes

     
  27. Hyst

    Hyst Enjoyer Ski Pass: Gold

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  28. Crispy013

    Crispy013 One of Us

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    Still trending in the right direction. 74 and climbing.
     
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  29. Hyst

    Hyst Enjoyer Ski Pass: Gold

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    Any are you paid in Yen now - headquarter in Kutchan?:D
     
  30. Any

    Any One of Us

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    I investigated officially moving. Including moving my business into Japan and all the resident and business taxable income that comes with it.
    It'd be a profitable Japanese business from day one, with a new resident spending considerable amounts on alcohol and ski/mountaineering related junk. Living in a farming village that admittedly doesn't need more people in winter, but could certainly do with more permanent people for the off season. and I wouldn't be taking someone's job to do it.

    They basically said piss off.

    So now I don't give a shit anymore when I see news articles of Japan's economic troubles, the depression, their struggle with top heavy population burdens and the suffering from the migration towards big cities.
    Not sure I'll bother renewing my engineering visa either.
     
  31. Hyst

    Hyst Enjoyer Ski Pass: Gold

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    They don't know what they lost! LOL
     
  32. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Did you speak to someone at JETRO?
     
  33. Zimbooo

    Zimbooo One of Us

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    Off topic.
    Probably good if you like eating fish!
    Fukushima nuclear problems continue to grow. They have huge amounts of radioactive contaminated water that must be despatched in the next couple of years.
    Looks like they want to dump it in the ocean? Waiting on government decision.
     
  34. Any

    Any One of Us

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    Hmm that might have been a good idea. I didn't really get far enough to need logistical help/etc tho. That was a chasm I was going to handle when I got to it.
    I had a lawyer helping to kickstart it all.
    The general consensus was to "just marry a Japanese girl", as suggested by my Lawyer, Tokyo and Sapporo immigration departments, Japan employment examination second division Tokyo department and the Brisbane and Sydney Japanese consulates. I got rather tired of hearing it.

    They had people with geiger counters getting around Niseko the season after the earthquake, to try to get people to come back.
    A coal plant frees as much radioactive elements embedded in the coal into the atmosphere in a single day, but because they didn't make a tv series about it its a problem that doesn't exist.

    Seems we derailed the thread. I blame @Hyst
    So far this week @Dave6 's prediction is still right on target!


    I wonder if they're slowly weakening the Yen to encourage tourists for the Rugby World Cup and Olympics.
     
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  35. Donzah

    Donzah Old n' Crusty Ski Pass: Gold

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    But did you get it in triplicate?
     
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  36. LMB

    LMB Old but definitely not Crusty! Ski Pass: Gold

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    Seems to work out for many others.
    Seems a bit of a huge commit just to get a visa...why on earth would they encourage marriage in this way. Surely marriages of convenience aren’t all that beneficial to the Japanese citizen!

    Did not know that.

    I’ll take it!!
    Happy my lil Aussie battler will be worth a little more next month than last.
     
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  37. Hyst

    Hyst Enjoyer Ski Pass: Gold

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    Yeh, yeh - just plame me, who followed their "advice" :metun: but never settled in JP.

    weakening the Yen??? I thought only China did that sort of thing? :out:
     
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  38. Any

    Any One of Us

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    I want to follow their advice. I'm just very picky :cool:
     
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  39. Lucky Pete

    Lucky Pete One of Us

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    Setting up in Japan is easy enough and doesnt require much capital. About $65K at current exchange rates. 'Start' a business and go from there, pretty much what myself and many others have done over there years. Engage a good immigration lawyer and its just a somewhat longish process. After you have done that marrying the Japanese girl is the bonus!
     
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  40. Any

    Any One of Us

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    Mine was rejected because technically I can do my work remotely from anywhere. They were fine with me setting up the business/etc, but saw no reason to give me a visa.
    Im not interested in setting up a fake business and risk getting kicked out of the country.
     
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  41. Hyst

    Hyst Enjoyer Ski Pass: Gold

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    You are just to picky - how may years have you been there now (half time) - 10 -11 years - how many to pick among in Japan?

    May be you should go a bit south in you new Honda? bus. There are some who could join you summer and winter in the wildernesss. (however when they see your jacket they will run away i suppose)


    And from Australia you export the best ones to us! (very good quality - might have become your queen - but soon my queen)

    :evil::evil::evil::evil::evil::evil::evil::evil::evil::evil::evil::evil::evil::evil::evil:


    I even sendt you the best one 2 years ago - I know a bit short grown.

    LOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOLLOL

    Life is not perfect - and girls are not perfect - neither are we. :cry_ubb:


    Any Nakoudo around for @Any ? :fishing::evil:
     
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  42. LMB

    LMB Old but definitely not Crusty! Ski Pass: Gold

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    Not a fan of today’s trend

     
  43. Any

    Any One of Us

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    ueg
    thats all of last week's gains lost in a matter of hours.
     
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  44. Kimski

    Kimski One of Us

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    Do not like :(
     
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  45. LMB

    LMB Old but definitely not Crusty! Ski Pass: Gold

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    Ahhh well...
    Looks like my little Aussie battler will be worth about the same as last trip...

     
  46. Any

    Any One of Us

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  47. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    I'd be buying some yen now. Dead cat bounce has finished and another leg going down.


    Not taking any joy in that at all. Could be wrong. Hope I am.
     
  48. Donzah

    Donzah Old n' Crusty Ski Pass: Gold

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    That's the cash base rate announcement
     
  49. M_G

    M_G M_G_ = Make skiing great again Ski Pass: Gold

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    Average daily bid for 90 days?
     
  50. LMB

    LMB Old but definitely not Crusty! Ski Pass: Gold

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    Typhoon effect?

     
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