It is quite ironic that in a country usually associated with high technology, the culture of cash has not been completely eroded. Cash is still king in Japan, with 80% of consumer transactions made in cash. This is because people in Japan have embraced cash usage, and the country’s low crime rate makes it safe to carry cash.
The Australian dollar (AUD) could be set to weaken against Japan’s Yen (JP¥) in 2024 if its central bank starts to unwind the country’s ultra-loose monetary policy settings. The Australian dollar (AUD) has traded around decade highs against Japan’s Yen (JP¥) in 2023 although the situation may be set to change as its economy begins to stir, according to analysts. The potential turnaround follows a strong year for the AUD against the JP¥, peaking at almost JP¥97.5 in June 2023 before falling to JP¥92.76 in August. Japan’s strong currency also helped underpin surging inbound tourism after it re-opened in October […]
This article shows what banks are predicting for the AUD to JPY exchange rate over the long term in 2023. The 2024 AUD JPY Forecasts are out now With most of 2023 out of the way, attention turns to 2024. Now that most economists have released their predictions for the AUD JPY exchange rate, head here to find out the most up to date forecasts:
Whether you’re aiming to experience Tokyo’s bustling cityscape or Kyoto’s serene temples, selecting the right travel money card is great for managing your finances smoothly. Traditionally, Japan relied heavily on cash. In the last 6 years however, the use of foreign currency in cash has been falling. You will likely pay for accommodation and restaurants with a card. So, which is the best travel card to take with you? We have compared the best travel money cards to take to Japan in 2024 and have summarised their best points.
This article looks at what the banks are predicting for the AUD to JPY exchange rate over the long term in 2022.
This week, the AUD to JPY exchange rate has risen to its highest level in over 3 years. It has been a tale of 2 stories. Firstly, the Australian dollar has been getting stronger against many major currencies. Secondly, and more importantly, the Japanese Yen has been much weaker. This means that it is now one of the best times to buy Japanese Yen with Australian Dollars in 2021. The Japanese yen has fallen in recent weeks, not just against the Australian dollar but against most other major currencies like the US dollar and Euro. Higher energy prices have driven […]
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