The Japanese currency is the Yen (JPY). The symbol for the Yen is ¥. Yen (円) literally means ‘circle’ or ’round’. As a general rule of thumb when shopping, 100 Yen is equal to 1 Aus dollar. This changes frequently, as does any currency, in the foreign exchange. As you may not be able to convert Yen to dollar in your head, even knowing the current exchange rate, just remember that 1 Yen is (very roughly) 1 Aus cent.
The following guide may also help:
You’ll have noticed by now that a pattern is emerging; you’ll be able to convert the price of most items in Japan simply by adding a decimal in the correct place.
There are two great ways to keep up to date with the current exchange rate while traveling. The first is Google. Google has an inbuilt currency converter and is quite handy on the go, as most phones these days have internet connections available (you should be able to purchase international SIM cards if need be).
The second option is called a Gadget and is available with a Windows PC. At all times, this Gadget allows you to have on your desktop the most recent exchange rate. You’re also able to keep on top of several currencies at any time. The downfall of this is that it requires an Australian internet connection [provider] and is only available through Windows. Other Gadgets include clocks, puzzles, virtual notepads and weather forecasts.
Getting to know Yen
There are 6 coins for the ¥. They are as follows:
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The ¥500 piece is quite literally a five dollar coin, something we do not have in Australia. One must be careful with these, as it is easy to spend a lot of money by accident, presuming that the ¥500 coin is only ‘loose change’. They do add up!
There are 4 notes for the ¥. They are as follows:
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Think of these notes as your $10, $20, $50 and $100 notes back here in Australia.
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