Hi everyone,
long time lurker. I am moving from Japan back to Germany in a few days and cleared out my bank account. I stayed 6 months, so the remainder is not huge. However, the exchange rate is at a 20 year low.
Now my question: Is there a good way to carry over the value of the money to Germany? I don’t need the money right now, so I could invest in something that can be exchanged in Germany at a later date. The problem is, changing Yen to Euro in Germany comes at a 10% fee.
Open to suggestions here. Buy gold?
4 comments
If you buy some physical goods in Japan that are in limited supply but high demand abroad, you can make up the bad current FX. But it’s definitely added work.
Why 10%? That seems extremely high. WISE?
Is there a possibility for you to open a JPY account at a German bank? Depending on how expensive the running costs would be, of course.
Apple stuff is significantly cheaper in Japan, so if you or an acquaintance needs an iPad or anything else: Get it here with Yen.
Otherwise keep it for a future Japan trip in cash or in a multi-currency account (e.g. Wise, Sony Bank).