Strike while the currency is hot!

by Paul Goodchild on September 4, 2008

Anyone who’s living in Japan and changing their hard-earned yen into foreign currency would be prudent to take a quick look at the state of the currency market at the moment.  Not always the easiest topic to explain, but if you’re converting to GBP, or Aussie dollar, Euro … then now is a decent time to consider doing so if you’ve been saving up your yen for just such a time as this.

Taking GBP as the example, take a look at the following chart: here

At the time of writing, 1 pound is worth approximately 192 yen.  This is easily the cheapest the pound has been in about 3 years.  It may go further down, or it may start to recover… who knows?  Compared to June 2007 when it was 250 yen, it’s a great deal.

I’m not advocating action one way or the other… whatever you do or do not do, it’s your call <- that’s my disclaimer 🙂

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