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#1
seemore

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Hi I have been watching the Yen go down lately (allthough a bit late for me as I already changed my money)

What is the history has it ever been $1AU to 100Yen

And does anyone know why the Yen is devalueing I heard they are thinking of printing more money?

#2
TubbyBeaverinho

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the pound is up to 144. I think it HAS been up to 100 against the aussie dollar, dunno when tho. When I first came over in 2002, it was about 240 against the pound.
The only thing necessary for the triumph of evil, is that good Chairmen do nothing

#3
pie-eater

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If I were in charge, I would print up a whole boat load of cash.
I'd then build tons of new schools and hospitals, after stuffing large wads of it under my bed. And in the closets.
I don't know why they don't just print loads.
Seems to me like an obvious solution to lack of money problems.
Pies.

#4
pie-eater

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Oh, and I'd cover Fukushima with domes as well.
Pies.

#5
Man_In_Japan

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View Postpie-eater, on 07 January 2013 - 04:28 PM, said:

If I were in charge, I would print up a whole boat load of cash.
I'd then build tons of new schools and hospitals, after stuffing large wads of it under my bed. And in the closets.
I don't know why they don't just print loads.
Seems to me like an obvious solution to lack of money problems.


Like monopoly money? ;)

#6
Man_In_Japan

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View Postseemore, on 07 January 2013 - 04:20 PM, said:

Hi I have been watching the Yen go down lately (allthough a bit late for me as I already changed my money)

What is the history has it ever been $1AU to 100Yen

And does anyone know why the Yen is devalueing I heard they are thinking of printing more money?


Basically people are starting to move their money away from the safe deposits in Japan, to more risk averse economies that are potentially starting to grow again.

#7
BoredRider

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Back in '08 the AU$ was worth more that 100JPY, for a time in March/April and September I think. Then it dove to 59JPY to the AU$ in Feb/Mar '09, just as we moved here... :sadface:
My bet is that the AU$ continue to climb to >100JPY by April '13 (when we are heading back to Oz)

#8
pie-eater

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View PostMan_In_Japan, on 07 January 2013 - 04:34 PM, said:

View Postpie-eater, on 07 January 2013 - 04:28 PM, said:

If I were in charge, I would print up a whole boat load of cash.
I'd then build tons of new schools and hospitals, after stuffing large wads of it under my bed. And in the closets.
I don't know why they don't just print loads.
Seems to me like an obvious solution to lack of money problems.


Like monopoly money? ;)


Well no obviously it would have to be real money.
I'm sure those Dome-builders would want to be paid in proper yen!
:thumbsup:
Pies.

#9
seemore

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View PostBoredRider, on 07 January 2013 - 04:36 PM, said:

Back in '08 the AU$ was worth more that 100JPY, for a time in March/April and September I think. Then it dove to 59JPY to the AU$ in Feb/Mar '09, just as we moved here... :sadface:
My bet is that the AU$ continue to climb to >100JPY by April '13 (when we are heading back to Oz)

Murpys Law I think they call it

#10
Mamabear

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Yes, we had one holiday about $1 to 100yen, the next was about 60yen.
BIG difference!

#11
seemore

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Yes that would make a difference

#12
Chriselle

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I sure have enjoyed the strong yen as I buy a lot of business goods overseas.
Waa...Beekurishita!! That's right...Big Chris Da!

#13
classic_harris

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View Postpie-eater, on 07 January 2013 - 04:28 PM, said:

If I were in charge, I would print up a whole boat load of cash.
I'd then build tons of new schools and hospitals, after stuffing large wads of it under my bed. And in the closets.
I don't know why they don't just print loads.
Seems to me like an obvious solution to lack of money problems.

Oh dont let my girlfriends Dad hear you, hes being telling me how money works since chrismas....
But Pie-eater has it right, Moneys is only or rather should only be printed to pay for public development like, schools,hospitals,roads or Services Completed.Not just printed for the sake of it, look at what obama is doing........ OMG im turning into him Aaaaaaaaaaaahhhhhhhhh Sorry guys

#14
seemore

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Is it strong now or weak historically?

#15
TubbyBeaverinho

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Both.....yen is still strong just now but it's weakening. However it's not as low as it was say 10 years ago
The only thing necessary for the triumph of evil, is that good Chairmen do nothing

#16
classic_harris

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How does everyone handle money in Japan, Im not real keen on carrying around a big wad of cash, How does everyone travel?

#17
TubbyBeaverinho

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Big wad of cash. When in Rome...
The only thing necessary for the triumph of evil, is that good Chairmen do nothing

#18
nawsh

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+1 for cash. The wad doesn't stay big for long. Too many fees with credit cards and its hard to find ATMs that accept our cards. Citibank are the only ATMs that seem to work consistently, and they seem to be getting harder to find.
Picked up the cash wad from post office this arv, got it for ¥85/au$, no fees or commission.


#19
classic_harris

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So it will be hard to find ATM's for a comm bank card huh?
is food and beer cheap, just want to find out how much ill need out if there are speratic ATM machines

#20
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Depends where you are going.
Depends how much you intend on spending.
Depends if you are able to use your credit card for a few larger purchases.

For example: in Tokyo we used our CC almost exclusively (just made sure we had the correct change for trains and small incidental purchases), but Hakuba we almost exclusively used cash that we took in with us having done a big currency conversion just before leaving.
In Niseko it's a mixture and there is an ATM in the HT building that you can use to withdraw more cash if required.

Each place is a bit different.




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