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Where to Exchange Money in Tokyo: A Comprehensive Guide

Introduction

Tokyo, Japan's dazzling capital city is not just an economic powerhouse but also a global financial hub. An understanding of where and how to exchange currency here can certainly make your visit smoother.

The Airport

Narita International Airport

Narita International Airport, one of Tokyo's main international airports, offers multiple currency exchange options. International arrival corridors are lined with foreign exchange counters operated by banks or currency exchange companies where you can exchange your currencies to Yen.

Haneda Airport

Haneda Airport, Tokyo's other international airport also offers organized currency exchange counters. They are straightforward, quick, and offer competitive exchange rates.

Exchange Services in the City

Travelex

Travelex is a popular currency exchange company in Tokyo. They offer competitive rates, especially for bigger transactions. They're conveniently located across the city including in large shopping malls and transportation hubs.

Daikokuya

Daikokuya is a reputable exchange bureau known for offering favorable rates. They are found throughout the city, with branches in Akihabara, Shibuya, Shinjuku, and others.

Banks

Mizuho Bank

One of Tokyo's biggest banks, Mizuho, offers currency exchange services. They offer relatively favorable exchange rates, especially when compared to western banks.

Bank of Tokyo-Mitsubishi UFJ

Another significant banking institution is the Bank of Tokyo-Mitsubishi UFJ that also provides currency exchange services. Many branches are located conveniently in central Tokyo.

Electronic Money Transfer Platforms

TransferWise

For longer stays or more considerable amounts, using an electronic money transfer platform like TransferWise, which offers real-time exchange rates and charges low transaction fees, can be a wise choice.

Revolut

Revolut is another alternative for money transfers, offering users the interbank exchange rate. This online platform's advantage is that it allows you to hold and exchange up to 30 different currencies.

ATMs

ATMs in Tokyo, particularly those in 7-Eleven convenience stores, post offices and international banks, allow international withdrawals. They provide a convenient method to access yen directly using your bank card. Just brace for potential withdrawal fees and slightly lower exchange rates.

Conclusion

Locating the right places to exchange money can be challenging when visiting a foreign city. But in Tokyo’s case, your options reach far and wide. From bustling airports, banks, high street currency exchange offices, convenient ATMs, to the comfort of online money transfer services, there are plenty of options suitable for a range of needs and circumstances. Always remember though, compare rates, be mindful of the fees, and choose the most convenient and cost-effective method for your needs so you can focus more on enjoying Tokyo and less on managing finances.