The Japanese yen exchange rate fell. The Japanese yen has reached a record high against the New Taiwan Dollar and is expected to trigger another currency trend. Sankei |

The Japanese yen exchange rate fell.  The Japanese yen has reached a record high against the New Taiwan Dollar and is expected to trigger another currency trend.  Sankei |

2024-04-26 06:47:26

2024-04-26 14:47 United Daily News reporter Zhu Hanlun, real-time report from Taipei

The Japanese yen exchange rate fell. Not only did the Japanese yen exchange rate once morest the US dollar hit a 34-year low, but the Japanese yen exchange rate once morest the New Taiwan dollar also fell to a new all-time low. exchange rate announced by the Bank of Taiwan at 2:30 p.m., the spot sales price of the Bank of Taiwan It reached 0.2122 (1 Japanese yen is exchanged for 0.2122 NT$), which is once once more fell below the lowest point of 0.2123 on February 16. A new wave of people trading currencies is expected.

Li Zhenyu, chief economist of Taishin Financial Holdings, believes that the current yen exchange rate “has depreciated too much!” » He believes that the Bank of Japan (central bank) should intervene. Judging from the depreciation of the Japanese yen and the development of the new Taiwan dollar, analysts in the financial world not only show that the Japanese yen has depreciated even more than the new Taiwan dollar, but it is also a good news for many “Japanese”. “.

In the past half year, although the Japanese yen exchange rate continued to depreciate, as the new Taiwan dollar also depreciated once morest the US dollar, it did not break through the lowest point of ‘more than two months ago. perforated. Now it depends on the conclusion of the Bank of Japan meeting and the decision of the Bank of Japan to prevent the depreciation of the yen exchange rate.

The Japanese yen exchange rate went from rising to falling in a month, which also left many people wanting to trade Japanese yen in a fog of confusion and unsure of what to do. In this regard, bankers suggest that the public, in addition to exchanging Japanese yen, may wish to apply for a dual currency Japanese yen credit card. Today, at least a third of domestic banks have issued and applied for dual-currency credit cards. dual currency credit cards. Along with a credit card, you will also open a foreign currency deposit account. At that time, you will use the spot exchange rate to purchase Japanese yen deposits. If you’re going abroad, you’ll use a dual-currency credit card to swipe the card. When you want to pay by card, you can pay directly from the Japanese Yen demand deposit to the deposit account.

The Japanese yen exchange rate fell. Not only did the Japanese yen exchange rate once morest the US dollar hit a 34-year low, but the Japanese yen exchange rate once morest the New Taiwan dollar also fell to record lows…

Banking supervisors pointed out that depositing Japanese yen and applying for dual currency credit cards at present are equivalent to blocking the Japanese yen exchange rate, because the Japanese yen has depreciated too much and may rebound to any time “Strategy.” to lock the yen exchange rate at the lowest point, which means that consumption in Japan is actually calculated at the lowest yen exchange rate. Additionally, dual currency credit cards are free of exchange fees and enjoy 1.5% cash back. at 2%, it is more profitable.

Japanese Yen Exchange Rate New Taiwan dollar credit card

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