With International travel becoming a common thing today, exchanging currency isn’t something new or rare but one often isn’t aware of how and where to convert INR to the desired currency. This is an attempt to help one know better about INR to Yen conversion when planning a trip to Japan. Have a look at the various options available and where to get better INR to yen exchange rate when changing one’s currency. Read on.
INR To Yen Exchange Rate
The official currency that is used in Japan is the Japanese Yen (JPY). The symbol for the Japanese Yen is ¥ and is often abbreviated as JP¥. After the United States Dollars and the Euro, the Japanese Yen is the third most traded currency in the foreign exchange market and is also used as a reserve currency. The Yen comes in both coins and bills. The coins have 6 denominations and come in 1 yen, 5 yen, 10 yen, 50 yen, 100 yen, and 500 yen, while the bills come in quantities of 1,000 yen, 2,000 yen, 5,000 yen, and 10,000 yen. As of today INR to YEN conversion rate is as follows. 1 Indian Rupee equals 1.49 Japanese Yen and 1 Japanese Yen equals 0.67 Indian Rupee.
Convert INR To Japanese Yen
|Indian Rupee||Japanese Yen|
|1 INR||1.47 JPY|
|5 INR||7.37 JPY|
|10 INR||14.73 JPY|
|50 INR||73.66 JPY|
|100 INR||147.31 JPY|
|200 INR||294.63 JPY|
|500 INR||736.57 JPY|
|2000 INR||2946.30 JPY|
Convert Japanese Yen To INR
|Japanese Yen||Indian Rupee|
|1 JPY||0.68 INR|
|5 JPY||3.39 INR|
|10 JPY||6.79 INR|
|50 JPY||33.94 INR|
|100 JPY||67.88 INR|
|500 JPY||339.41 INR|
|1000 JPY||678.82 INR|
|2000 JPY||1357.63 INR|
|5000 JPY||3394.09 INR|
|10000 JPY||6788.17 INR|
Conversion Of INR To Yen
If you are wondering about the conversion of INR to Yen then here are some of the best ways to do so. Have a look.
1. Public Exchange Areas
One can exchange the currency in both the countries, the home country and abroad. Japan allows one to bring a million yen into the country without declaring, exceeding which one needs to declare the same. Here we will talk about the places where one can exchange currency in Japan. International Airports are the easiest options to exchange currency but often discouraged.
- In Japan, one can find exchange machines at train stations too. The major ones are Shinagawa, Shinjuku, and Ikebukuro.
- One can avail currency exchange services at major departmental stores in Japan. The common places are Takashimaya, Mitsukoshi, and Isetan.
- One can also use the Smart exchange currency machine, which is available at Asakusa, Shibuya, Shinjuku, and Akihabara. The drawback here is that there are only 12 currencies acceptable and INR is not one of those. If one has USD or Euro, or any of the 12 currencies acceptable, they can be exchanged for Yen at these machines.
- There are currency exchange options available at hotels and banks too, the latter being the oldest source of currency exchange.
- After the revision of the foreign exchange law, a lot of non-banking companies were allowed too, to exchange foreign currencies, and these today offer the best Inr to Japanese yen conversion rates. These are also thus the best places to exchange currency and some places in Japan that offer these services are M changer, Interbank, Exchanger’s Ginza store (handles Indian currency), and Dollar Ranger Roppongi Store. Though most of these places don’t directly handle Indian currency, one can exchange Euro and USD here.
ATMs are an easy option to withdraw foreign currency but one should not rely on them totally as not all ATMs accept foreign cards. Also, in Japan, one might find the ATMs closed at night and on weekends. The ATMs that one can use here to withdraw the currency are those at 7-Eleven stores, airports, post offices, Aeon Bank ATMs and Citibank ATMs. These machines have an option of English, and thus are easy to use. One gets a good exchange rate, and so it is one of the options that one can consider to withdraw foreign currency. A few things to take note of when withdrawing cash at ATMs abroad:
- First and foremost one needs to check whether they can use their credit/debit card abroad.
- Do not insert the card at any and every ATM you find, as only the above mentioned ATMs will be useful to withdraw cash.
- The service fee varies from bank to bank and if one is planning to withdraw currency from a foreign ATM, then it is advised to check beforehand, the overseas transaction fees.
- Inform your card company in advance before using the international credit/debit card in Japan.
- ATMs in Japan often are unavailable on Sundays and public holidays, including the postal ATMs, so plan in advance.
- Be aware of the limit of the withdrawal amount and the per day international transactions available by your card company.
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3. Travel Money Card
Another option when traveling abroad is to use a Travel Money Card. It is a popular and convenient way to carry foreign currency overseas. These are specially designed debit cards that one can load with the currency of the country they are traveling to. So, one can load Japanese Yen on their card before traveling to the country and one can also transfer money from other accounts electronically to the travel card when in Japan. Most of these cards come with emergency back-up cards which is an added advantage. Two things to remember while using the card is that if one is transferring money to the travel money card, it may take a few days to process and also a local ATM withdrawal fees is charged.
4. Traveler’s Check
The traveler’s check is another thing that can be used while traveling overseas but the method is quite obsolete today. It can be quite inconvenient as one would first need to get it issued in the home country and then find a place in Japan where it can be exchanged, as one cannot use the check directly to pay for services and goods in Japan. One might be able to change these for cash at an international airport, hotels, and banks which are authorized to provide foreign exchange currency.
INR To Japanese Yen Conversion Tips
Listed below are some important tips for the best way to convert INR to yen
- One can find the facility of foreign currency exchange at the airport, but it is the least preferred place as one does not get good currency exchange rates here.
- It is advised to directly change one’s currency to Japanese Yen instead of first changing it to USD or Euro and then finally to Yen, as there are charges and taxes levied at each conversion. So, to avoid an additional charge, it is better to directly convert one’s own currency into the desired one.
- Keep cash handy as most tourist attractions in Japan which have an entrance fee, like Buddhist temples, castles, and Shinto shrines, accept cash only.
With the revision of the foreign exchange law and advancement in technology a lot of avenues have sprung up and there are a lot of options available in the market for INR to Yen conversion. Japan is majorly a cash-driven society, and if you are planning a trip to Japan it’ll be helpful if you have options to obtain it. So, see what suits you best and exchange INR for Japanese currency from where you get the best INR to Yen exchange rate.
Frequently Asked Questions About INR to Yen Conversion
A. The bank ATMs are the best to withdraw Japanese Yen by your bank debit card or credit card. However, you can find very few ATM with English language options.
A. Usually, a dormitory in Japan would cost you about 2000 yen. While an average hotel could cost you anywhere between 10000 -30000 yen. High-end luxury hotels in Japan costs around 50000 yen.
A. The most economical street food in Japan could cost you around 800-1000 yen. If you are dining in proper cafes or restaurants in Japan, you could easily be spending around 1200 to 4000 yen. There is no upper limit for luxury hotels and lavish eateries.
A. It is not advisable to make INR to Yen conversion in Haneda International Airport after landing for your Japan tour. They usually take a higher commission charge when compared to other currency exchange service providers.
A. It is advisable to use a trusted currency exchange app. You must also verify those figures with any of the nearby banks or private banks.
A. Yes, many of the Japanese Banks has an international currency exchange counter. You can visit personally and exchange INR to Yen easily.
A. Yes, most of the multinational banks in Japan have a separate counter for exchanging international currencies. They do accept Indian Rupees.
A. Yes, it is advisable to inquire first as most of the Japanese based private bank does not accept INR.
A. Yes, having a few thousand Japanese Yen will help you to pay for airport to hotel travel, food and to buy any utility stuff. It is advisable to exchange your INR from any of the trusted money exchange service providers in India.
A. Considering the basic minimum requirements of a person per day in Japan, 1000 yen per day would be quite sufficient.
A. Japan is comparatively 2.9 times more expensive than India. Japan is one of the most expensive countries in entire Asia.
A. Japan is a cash-based country, so carrying some cash with you at all times could be a good idea. But make sure you don’t carry a lot of cash. You can also use your travelers’ cards and credit cards in several places.
A. The exchange rates in Japan are the same as the bank in India. So it’s up to you where you want to get it exchanged. However, make sure you carry at least some local currency when you exit the airport in Japan. You can also get your currency exchanged at the Airport.
A. Though Japan still mostly uses cash, you can still use your bank cards or credit cards in a lot of places.
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