Thursday, August 4, 2011

Australia and Japanese currency difference?

Question:


This is the answer I got from $1 from over 7 different converters.

1.00 AUD = 85.0500 JPY

So...What? I get like $85 more in Japan or something?

Answer:


Nick has a point, but fails to make an attempt to answer your question.

It means that for every AUD you give the exchange, they will give you 85 yen. This is NOT a good thing. You'd like to see an exchange rate higher than 85 yen, so you would get more yen and thus be able to buy more with each of your AUD. The US$ just went below 80 yen so you get even less yen for a US$. Bad situation for people traveling to Japan. Of course, if you can't handle this kind of thing, leaving your home country might not be a wise choice.

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