The yen exchange rate soars to a new high in more than 3 months!Exchanged NT$100,000 to go abroad and lost 19 bowls of ramen

2023-12-14 03:51:48

The Fed is letting go! The U.S. dollar fell, the Japanese yen rose to 142 yen once morest the U.S. dollar, and the Bank of Taiwan exchange rate also hit a new high in the past three months. It reached 0.2241 today. If I exchanged NT$100,000 for the lower price this year, I would earn 19,000 yen less, and I would lose money when I go abroad. 19 bowls of ramen.

Further reading:The market value of Taiwan stocks soared to a new high, approaching the 56 trillion yuan mark. This year, the average investor wealth has been regarding 900,000 yuan per person.

The yen exchange rate soared to a new high in more than three months.Schematic diagram/provided by banker

The exchange rate of the Bank of Taiwan’s Japanese yen once morest the New Taiwan dollar reached 0.2241 today, a new high in the past three months. If you exchange 100,000 Taiwan dollars, you can get regarding 446,229 yen. Compared with the end of November (0.2146), you will earn 19,754 yen less. If you use ramen priced at 1,000 yen, you will eat 19 fewer bowls of ramen during a trip abroad.

Foreign exchange expert Chen Youzhong said that before, it was not recommended that everyone invest in the yen, but now it is possible; people who have real needs, such as preparing to travel abroad, “can wait a little longer” if they are not in a hurry, and there may be sweet prices at the end of the month.

Chen Youzhong emphasized that “it is better to choose the time than to choose the price, which is to compare the price.” Anyone in need can choose the end of the month, because Taiwan is a country with a trade surplus and Japan is in deficit. At the end of each month, exporters will sell more foreign exchange than they buy. exchange.

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