Reported 8 months ago
Japanese Yen continues to decline, with the Yen to USD exchange rate hitting a 34-year low. Amid the approaching summer travel season, the APCT Executive Director David Chiu suggests there's no need to rush to exchange Yen, predicting that due to Japan's central bank likely lacking the confidence to hike interest rates, the low exchange rate may become a norm. With the Yen continuously devaluing, Taiwanese people may find exchanging Yen inviting due to lower rates. However, this could pose challenges for Taiwan's machinery exports competitiveness against Japan's competitive pricing advantage enabled by the weakened Yen. Considered advisory on when to exchange currency, David Chiu advises exchanging 'short-term' only when there is a need for travel or investment.
Source: YAHOO