Can You Exchange Japanese Yen in Australia outside The Airport?

nushydude on 07/12/2016 - 12:11
Last edited 07/12/2016 - 13:54

Hi,

I have a friend in Japan to whom I lent some money last year. (I lived in Japan for many years.) He is coming to visit Melbourne for his first visit (he has received PR), and he said he will bring that money to give back to me. It's JPY 200,000.

I am wondering, can I exchange that money myself to AUD or should he do it at the airport and give AUD to me? The JPY has dropped a bit in this month and I am not keen in exchanging it ASAP if I can do it a bit later.

If I can do it here myself, where can I do that? Can I do it a bank? Or do I have to go somewhere else? Do I need any documentation, as proof of source etc?

Cheers

Financial

Comments

  • retiredfeline on 07/12/2016 - 12:14

    Airport exchange booths give poorer rates. Do it outside. For about $2000, nobody will ask questions.

  • Rilakkuma on 07/12/2016 - 12:23
    +1

    http://www.unitedcurrencyexchange.com.au/

    This is my favourite place to exchange foreign cash.

  • [Deactivated] on 07/12/2016 - 12:29

    Plenty of money exchangers in Melbourne CBD. Avoid the airport due to captive rates.

  • nushydude on 07/12/2016 - 12:36

    Awesome info guys. I will do it myself then.

    So, any other recommendations in addition to unitedcurrencyexchange.com.au?

    I live near Chadstone and hardly visit the CBD. What about these guys?
    http://www.travelmoneyoz.com/stores/chadstone/travel-money-o…

    • nightfever on 07/12/2016 - 13:23

      I would buy them off you if you are selling? :D

      Going in May… I need the yens!

      • retiredfeline on 07/12/2016 - 13:28

        A yen for yens huh? Aussie dollar dropped today, good for OP, not so good for you.

        • nightfever on 07/12/2016 - 13:33

          What is a yen for yens? :/

          See what OP says I guess? OP might not want to sell now, but I've been exchanging them here and there… since Oct… (I've only just returned from Japan in Sept as well) I go to japan every year… I need the yens regardless.. hahaha

          OP - would you like to sell? (It's almost as if I am proposing.. hahaha)

        • retiredfeline on 07/12/2016 - 14:00

          @nightfever: Currency romance on OzB. Who would have thunk it?

        • nightfever on 07/12/2016 - 14:01

          @greenpossum: hahahahahha, god. I don't want to bring out that grammar police!!!

          GREENpossum… why green, not blue, red or rainbow? Hahahaha

        • retiredfeline on 07/12/2016 - 14:07
          +1

          @nightfever: Everybody has to be some colour. Green was unlucky to get me.

      • nushydude on 07/12/2016 - 13:49

        Sure why not? Inbox me. (I had messaging turned off before without knowing it, now it is on)

  • Ughhh on 07/12/2016 - 13:11

    Your bank should be able to do it to. It's only if it's a large amount that you may need to call before hand.

    • nushydude on 07/12/2016 - 13:47

      Are the bank rates not as good as the ones offered by outside exchangers? That's what I thought.

      • nightfever on 07/12/2016 - 13:56

        Bank rate is TERRIBLE!

        • nushydude on 07/12/2016 - 14:04

          That's what I thought too.

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