Reported 8 months ago
The Japanese yen has been depreciating recently, hitting a low of 0.2061 against the New Taiwan Dollar according to the Taiwan Bank's exchange rate announcement today. This marks the lowest point of the year. Comparing the exchange rate of 0.2237 six months ago, exchanging NT$100,000 now gets you 38,174 more yen (about NT$7,867). With the yen continuing to decline, this presents an excellent opportunity for those planning to travel to Japan. Additionally, due to speculations about the Fed not lowering interest rates in the US soon, the yen to US dollar exchange rate in Tokyo hit a new high, nearing 160 yen, causing concerns in Japan's financial sector.
Source: YAHOO