The weak yen is deepening again... Is it okay to exchange money now?
With the won-yen exchange rate in the 800 won range, check the timing for exchanging money for your trip to Japan Reduce exchange-rate burden with a split currency exchange strategy and protect your travel budget
As the strengthening of the Korean won and the weakening of the Japanese yen overlapped, the KRW/JPY exchange rate fell into the 800won range. As demand for travel to Japan increases, demand for considering when to exchange currency is also growing.
In the Seoul foreign exchange market, the KRW/USD exchange rate fell sharply over the course of a month, and the yen also continued its weakening trend against the dollar. Accordingly, the won exchange rate per 100 yen recently fell below 900 won, showing a level lower than at the beginning of the year.
In the market, there are forecasts that the yen's weakness may not end in the short term. Japan's slowing growth and expansionary fiscal stance are cited as factors behind the yen's weakness, and experts advised that exchanging currency in installments as needed in line with travel plans is a practical approach.