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2015
15
February
Should I exchange CAD to YEN in the lower mainland or in Tokyo?

Question:

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Mark

Hello! I'm travelling to Tokyo in 3 weeks and was wondering where the best place is for currency exchange (CAD to YEN). Any good spots here in lower mainland? Or is it better to exchange in Tokyo instead? Thank you!

Humans say...

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Laura

vbce at Granville and Broadway

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Peter

Hi Mark. I had a really hard time with money in Japan and did not look into this as it was a one week layover on a much larger trip. My experiences:
Exchanging CAD and to a lesser extent USD cash while in Japan last year. It was difficult to find a currency exchange in Tokyo and the rates were terrible. I mean perhaps the worst I've experienced over the globe. I'm been in mountains on the boarder of India and China and gotten spectacular rates by contrast.
Other thing, check your debit cards and who they should work with. I had to try 12 different bank machines before I found one that took my CIBC card. My wife started trying her TD as well, the 5 banks we tried didn't work.
Don't get stuck like I almost did. Other than that, Japan is great!

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Mark

Hi Peter, thanks for all the information!! I guess I should just exchange most of my money here and just withdraw there for emergency.

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Cindy

Just use the ATM. I did and had no problems getting money out.

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Neil

Not all ATM's in Japan accept foreign cards but ones at the post office and 7-11 typically do. And be careful with the number of zeros. I was trying to withdraw 3000 yen one time and ended up taking out 30000 yen.

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Kerray

We go there each year for past 12 years and just use interac and credit cards. No prob

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Cindy

Yup no probably at all

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Ian

For currency exchange in Vancouver, I use Vancouver Bullion & Currency Exchange. They typically have good rates with no service charge.

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Karen

Keep in mind that some ATMs are "open" certain parts of the day or week. Some will not be open before or after business hours. Always good to have a small stash of cash before you go.

Profile picture of Mark

Mark

Thanks everyone for all the tips! I'll make sure to have some cash ready and withdraw from the ATMs at the post office there.


A.I. says...

AI Profile Pic

Best Places for Currency Exchange (CAD to YEN) for Tokyo Trip

Planning a trip to Tokyo is exciting, but one aspect that can be a bit tricky is currency exchange. If you're traveling from Canada, you'll need to convert your Canadian dollars (CAD) to Japanese yen (YEN). Fortunately, there are several options to consider, both here in the Lower Mainland and in Tokyo itself.

Currency Exchange in the Lower Mainland

If you prefer to exchange your currency before leaving for Tokyo, there are several reputable options in the Lower Mainland:

  1. Banks: Most major banks in Canada offer currency exchange services. While convenient, the exchange rates may not be as competitive as specialized currency exchange companies.
  2. Currency Exchange Companies: Companies like ICE, Vancouver Bullion & Currency Exchange, and Currency Exchange International offer competitive exchange rates and lower fees than banks. They are dedicated to currency exchange and often provide better deals.
  3. Airport Exchange Counters: If you're planning to exchange currency just before your flight, you can visit the currency exchange counters at Vancouver International Airport (YVR). However, it's worth noting that airport exchange rates are generally less favorable than those offered by dedicated currency exchange companies.

When exchanging currency in the Lower Mainland, be sure to compare rates and fees from multiple providers to get the best deal. It's also advisable to plan ahead and exchange your currency a few days before your departure to avoid last-minute rushes.

Currency Exchange in Tokyo

Alternatively, you can choose to exchange your Canadian dollars for Japanese yen upon arrival in Tokyo. Here are some options to consider:

  1. Banks and Post Offices: Major banks and post offices in Japan offer currency exchange services, but their rates may not be as competitive as specialized exchange counters.
  2. Currency Exchange Counters at Airports: Major airports in Tokyo, such as Narita International Airport and Haneda Airport, have currency exchange counters where you can exchange your CAD for YEN. These counters are convenient but may offer less favorable rates than other options.
  3. Money Changers in Tokyo: There are numerous dedicated money changers and currency exchange shops throughout Tokyo, particularly in popular tourist areas like Shinjuku and Shibuya. These shops often offer more competitive rates than banks and airports, but it's essential to research and compare rates before exchanging your money.

While exchanging currency in Tokyo can be convenient, it's essential to be cautious and only use reputable and trustworthy exchange counters or money changers. Additionally, it's advisable to research the current exchange rates before your trip to ensure you're getting a fair deal.

Regardless of where you choose to exchange your currency, remember to always have a backup plan, such as carrying a credit or debit card, in case you need additional funds during your trip.

Enjoy your time in Tokyo, and happy travels!









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