Monday, July 18, 2011

What is the cheapest way to do a currency exchange from USD to Japanese yen?

Question:


Google has utterly failed me on this one, as its first four search results have suggested totally contradictory answers. One says use a local bank. One says use a Japanese bank, and another says the airport (yeah right) is the best rate.

So whats the best way to transfer many thousands of dollars into yen?

Answer:


Get a money market account and trade directly without any fees or middle man.

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