edit: Thanks for your input guys (and for making me laugh through my tears). To defend my friend a bit, I think they heard of this strat from some large-scale finacial organisations, or something. I figure they just mentioned something they heard at work to try to be helpful. I'm still open for whatever (actually practicable) advice yall have though.
Hi guys, I will be going to the UK in a couple of months and unfortunately all my money is in yen, which is currently extremely weak against the pound.
A friend suggested I could curb some of the loss by first converting to a currency that the yen isn't as weak against and then convert that into GBP (provided the fees don't eat up whatever money that saves me).
Has anyone tried doing this before? I feel like the yen is weak across the board so this wouldn't make a huge difference, but I could be wrong since GBP in particular is doing well right now.
I have Revolut and Wise if that helps
by nihonhonhon