The Japanese yen exchange rate has plummeted. Not only has the Japanese yen exchange rate against the U.S. dollar hit a 34-year low, but the Japanese yen exchange rate against the New Taiwan dollar has also fallen to a new historical low. According to the exchange rate announced by the Bank of Taiwan at 2:30 p.m., the price of the Bank of Taiwan’s cash sales It reached 0.2122 (1 Japanese yen is exchanged for NT$0.2122), which has once again fallen below the lowest point of 0.2123 on February 16. It is expected that there will be another wave of people exchanging currency.
Li Zhenyu, chief economist of Taishin Financial Holdings, believes that the current yen exchange rate “has depreciated too much!” He believes that the Bank of Japan (central bank) should intervene. Judging from the depreciation of the Japanese yen and the trend of the New Taiwan dollar, analysts in the financial circle not only show that the Japanese yen has depreciated even more than the New Taiwan dollar, but it is also good news for many “Japanese people”.
In the past half month, although the Japanese yen exchange rate has continued to depreciate, as the New Taiwan dollar has also depreciated relative to the US dollar, it has not broken through the lowest point of more than two months ago. Now it has finally broken through. Now it depends on the conclusion of the Bank of Japan meeting and whether the Bank of Japan is strong. Action to prevent depreciation of the yen exchange rate.
The exchange rate of the Japanese yen went from rising to falling within a month, which also left many people who wanted to exchange for Japanese yen in a fog of confusion and did not know what to do. In this regard, bankers suggest that people, in addition to exchanging Japanese yen, may wish to apply for a Japanese yen dual-currency credit card. Now at least one-third of domestic banks issue dual-currency credit cards and apply for dual-currency credit cards. At the same time, they will also open a foreign currency deposit account. At this time, they will use the spot exchange rate to buy Japanese yen deposits. They will be deposited in the account first. When they go abroad, they will use a dual-currency credit card. When they want to pay the card, they will use it directly. The payment will be deducted from the Japanese yen sight deposit in the deposit account.
Bank executives pointed out that depositing Japanese yen deposits and applying for dual-currency credit cards at this time is equivalent to locking in the exchange rate of the Japanese yen, because the Japanese yen has depreciated too much and may rebound at any time. If people use the “two-handed strategy” of Japanese yen deposits and dual-currency credit cards, To lock the yen exchange rate at the lowest point, it means that all consumption in Japan is actually calculated at the lowest yen exchange rate. In addition, dual-currency credit cards are free of exchange fees and there is a cash rebate level of 1.5%~2%, which makes it even more Good deal.
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