With International travel becoming a common occurrence today, exchanging currency isn’t something new or uncommon but one often isn’t aware of how and where to convert Indian Rupee (INR) to the desired currency. This is an attempt to assist one in gaining better understanding about INR to Yen conversion when planning a trip to Japan. Take a look at the various options available and where to find a more favorable exchange rate when changing one’s currency. Keep reading.
INR To Yen Exchange Rate
The official currency used in Japan is the Japanese Yen (JPY). The symbol for the Japanese Yen is ¥ and is often shortened to 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 utilized as a reserve currency. The Yen is available in both coins and bills. The coins are available in 1 yen, 5 yen, 10 yen, 50 yen, 100 yen, and 500 yen denominations, while the bills come in quantities of 1,000 yen, 2,000 yen, 5,000 yen, and 10,000 yen. As of today, the conversion rate from INR to Yen 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 Japanese yen (JPY)||6.79 Indian rupees (INR)|
|50 Japanese yen (JPY)||33.94 Indian rupees (INR)|
|100 Japanese yen (JPY)||67.88 Indian rupees (INR)|
|500 Japanese yen (JPY)||339.41 Indian rupees (INR)|
|1000 Japanese yen (JPY)||678.82 Indian rupees (INR)|
|2000 Japanese yen (JPY)||1357.63 Indian rupees (INR)|
|5000 Japanese yen (JPY)||3394.09 Indian rupees (INR)|
|10000 Japanese yen (JPY)||6788.17 Indian rupees (INR)|
Conversion Of Indian Rupees To Yen
If you are pondering about the conversion of Indian rupees (INR) to yen (JPY) then here are some of the finest ways to do so. Take 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, surpassing which one needs to declare the same. Here we will discuss the places where one can exchange currency in Japan. International Airports are the most convenient options to exchange currency but often discouraged.
- In Japan, one can find exchange machines at train stations as well. 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 downside here is that there are only 12 currencies accepted and INR is not one of them. If one has USD or Euro, or any of the 12 currencies accepted, they can be exchanged for yen at these machines.
- There are currency exchange options available at hotels and banks as well, with banks being the oldest source of currency exchange.
- After the amendment of the foreign exchange law, several non-banking companies were also allowed to exchange foreign currencies, and these now offer the best rates for Indian rupees to Japanese yen conversion. These are also therefore 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. Although most of these places don’t directly handle Indian currency, one can exchange Euro and USD here.
2. Automated Teller Machines
ATMs are a convenient option for withdrawing foreign currency, but it is not wise to rely completely on them as not all ATMs accept foreign cards. In addition, ATMs in Japan may be closed during nighttime and weekends. The ATMs that can be used in Japan to withdraw currency include those at 7-Eleven stores, airports, post offices, Aeon Bank ATMs, and Citibank ATMs. These machines have an English language option, making them user-friendly. They offer a favorable exchange rate, making them a viable choice for withdrawing foreign currency. Here are a few important points to consider when withdrawing cash from ATMs abroad:
- First and foremost, it is essential to verify if your credit/debit card can be used internationally.
- Avoid inserting your card into any random ATM, as only the aforementioned ATMs will allow you to withdraw cash.
- The service fee varies from bank to bank, so if you plan to withdraw currency from a foreign ATM, it is advisable to check the overseas transaction fees beforehand.
- Prior to using your international credit/debit card in Japan, inform your card company in advance.
- In Japan, ATMs, including the postal ATMs, are often unavailable on Sundays and public holidays, so it is important to plan ahead.
- Be aware of the withdrawal amount limit and the maximum number of international transactions allowed per day by your card company.
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