Sendai

๐Ÿ’ฑ

Currency Exchange

Options and locations for exchanging foreign currency into Japanese yen, as well as tips for getting the best rates.

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Comprehensive Guide to Currency Exchange in Sendai, Japan

If you're visiting or moving to Sendai, Japan, understanding how to exchange currency efficiently is essential. Sendai, the largest city in the Tohoku region, offers several reliable options for currency exchange. Below is a detailed guide to help you navigate the process.

1. Reliable Currency Exchange Locations in Sendai

a. Banks

Banks are one of the most secure and reliable places to exchange currency in Japan. In Sendai, major banks such as Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank offer currency exchange services.

  • Locations:

    • Mitsubishi UFJ Bank Sendai Branch: 2-1-1 Ichibancho, Aoba Ward, Sendai.
    • SMBC Sendai Branch: 3-1-1 Ichibancho, Aoba Ward, Sendai.
    • Mizuho Bank Sendai Branch: 2-1-27 Ichibancho, Aoba Ward, Sendai.

  • Operating Hours: Typically 9:00 AM to 3:00 PM on weekdays. Closed on weekends and public holidays.

  • Currencies Accepted: Major currencies like USD, EUR, GBP, AUD, and others.

  • Procedure:

    1. Bring your passport (mandatory for foreigners).
    2. Fill out a currency exchange form (staff can assist if needed).
    3. Present your cash and receive the exchanged amount.

  • Fees: Banks typically charge a small handling fee (around 1-3% of the transaction amount) and offer competitive exchange rates.

b. Currency Exchange Counters

Specialized currency exchange counters are available in Sendai, particularly in high-traffic areas like the train station and airport.

  • Sendai International Airport Currency Exchange Counter:

    • Location: 1st Floor, International Terminal.
    • Operating Hours: 8:00 AM to 8:00 PM.
    • Notes: Convenient for travelers arriving in or departing from Sendai.

  • Travelex Sendai Station:

    • Location: Inside Sendai Station, near the East Exit.
    • Operating Hours: 10:00 AM to 7:00 PM.
    • Notes: Travelex is a global currency exchange provider known for its convenience, though rates may be slightly less favorable than banks.

  • Fees: Exchange counters may charge a higher fee (3-5%) compared to banks, but they are more accessible and have longer operating hours.

c. ATMs

ATMs are a convenient option for withdrawing Japanese yen directly using an international debit or credit card. Many ATMs in Sendai accept foreign cards, including those from Visa, Mastercard, and UnionPay.

  • Recommended ATMs:

    • Seven Bank ATMs (found in 7-Eleven convenience stores).
    • Japan Post Bank ATMs (located in post offices and some train stations).
    • Aeon Bank ATMs (found in Aeon malls and supermarkets).

  • Fees:

    • ATM withdrawal fees vary depending on your home bank and the ATM operator. Expect fees of 200-500 JPY per transaction.
    • Exchange rates are determined by your card issuer and are generally competitive.

  • Tips:

    • Check with your bank before traveling to confirm international withdrawal fees.
    • ATMs in Japan operate in Japanese yen only, so ensure you know the approximate amount you need in yen.

d. Hotels

Some high-end hotels in Sendai, such as the Westin Sendai or Hotel Metropolitan Sendai, may offer currency exchange services at their front desks. However, the rates are often less favorable, and the service is limited to major currencies.

2. Current Exchange Rates

Exchange rates fluctuate daily based on the global forex market. As of October 2023, approximate rates are as follows (subject to change):

  • 1 USD = 150 JPY
  • 1 EUR = 160 JPY
  • 1 GBP = 185 JPY
  • 1 AUD = 95 JPY

Where to Check Rates:

  • Use online tools like XE.com or OANDA before exchanging.
  • Banks and exchange counters display their rates prominently at their locations.

3. Associated Fees

  • Bank Fees: 1-3% of the transaction amount.
  • Exchange Counter Fees: 3-5% of the transaction amount.
  • ATM Fees: 200-500 JPY per withdrawal, plus any fees from your home bank.
  • Hotel Fees: Often higher than banks or exchange counters.

4. Procedures for Currency Exchange

  1. Prepare Your Documents:

    • Foreigners must present their passport for currency exchange in Japan.
    • Some locations may also require you to fill out a form with your name, address, and the amount to be exchanged.

  2. Choose the Right Location:

    • For the best rates, visit a bank or ATM.
    • For convenience, use exchange counters at the airport or train station.

  3. Understand the Process:

    • At banks and counters, hand over your foreign currency and receive Japanese yen in cash.
    • At ATMs, insert your card, select the withdrawal amount, and receive yen directly.

5. Tips for Foreigners

  • Avoid Exchanging at Airports Unless Necessary: While convenient, airport exchange counters often have less favorable rates.
  • Carry Sufficient Cash: Japan is still a cash-heavy society, especially in smaller towns and for local transportation. Always have some yen on hand.
  • Use ATMs for Small Amounts: If you need a small amount of yen, ATMs are a quick and easy option.
  • Check for Hidden Fees: Always confirm the total fees (exchange rate + handling fee) before completing a transaction.
  • Learn Basic Japanese Phrases:
    • "Ryogae o onegaishimasu" (ไธกๆ›ฟใ‚’ใŠ้ก˜ใ„ใ—ใพใ™) = "I would like to exchange currency."
    • "Kore wa ikura desu ka?" (ใ“ใ‚Œใฏใ„ใใ‚‰ใงใ™ใ‹๏ผŸ) = "How much is this?"

6. Cultural and Practical Considerations

  • Politeness: Japanese culture values politeness and respect. Always greet staff with a smile and say "arigatou gozaimasu" (thank you) after completing your transaction.
  • Clean and Organized Cash: Japanese people take great care of their currency. Avoid handing over crumpled or damaged bills, as they may not be accepted.
  • Timing: Banks and exchange counters close early (around 3:00 PM), so plan your visit accordingly.
  • Cash vs. Cards: While credit cards are increasingly accepted in Sendai, many smaller shops, restaurants, and public transportation options still require cash.

7. Emergency Options

If you run out of yen and need cash urgently:

  • Use an international ATM at a 7-Eleven or Japan Post.
  • Visit a Travelex counter at Sendai Station or the airport.
  • Ask your hotel concierge for assistance.

By following this guide, you can efficiently exchange currency in Sendai and enjoy your time in this vibrant city without financial stress. Safe travels!