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● Heading to Japan soon, but not sure what’s the best way to exchange your Singapore dollars for the Japanese Yen? Well, you’ve come to the right place! Here’s the ultimate guide to changing SGD for JPY! Many Singaporeans still believe that Japan is a heavily cash-based society. While that is true in Japan’s suburban and countryside areas, major cities such as Tokyo and Osaka have made strides in digital payment! From my recent 12-day solo trip to Osaka/Kyoto/Nara, I made about 75% of my purchases with the , which allows me to earn 4 miles per dollar and charges my Citi Rewards card in SGD for a pretty decent rate. As for my cash purchases, I spent less than S$300, a combination of leftover Japanese Yen from my previous trips and withdrawals made from both my YouTrip and Revolut cards! Feel free to use my experience to gauge how much cash you need to bring/withdraw when you are there! The best ways to get cash for your Japan Trip depend on how much you intend to spend in cash. , the best method is to use Multi-currency Cards and withdraw cash while you are in Japan. These offer you the and (usually) (up to a specified amount) from 7 bank ATMs! Don’t worry, 7 bank ATMs are pretty common, just like 7-Eleven in Singapore. For popular cards like YouTrip and Revolut, all you need to do is sign up for a free account, top the account up with SGD and bring your physical card to Japan to withdraw money from the ATMs! As you can see, there are limits to the amount of cash you can withdraw for free. If you are (Hokkien: scared to lose) enough, you can sign up for multiple cards to withdraw up to without withdrawal fees each month. However, as a word of caution, there have been numerous reports of fraudulent transactions, so be sure to lock your card when not in use! For families or people who spend a lot more in cash when in Japan, it makes more sense to change money at in Singapore or pay a fixed withdrawal fee with a Multi-Currency Account. One example of an MCA is the DBS Multiplier paired with the DBS VISA Debit Card, which you can use to withdraw cash from an ATM in Japan. It will cost you up to S$7 per withdrawal. While this may look expensive compared to the 2% fees that other multi-currency cards charge, it is a flat fee, which means you save more if you withdraw high amounts. The breakeven point is if you are withdrawing an worth of cash after using up your free withdrawal limit. For example, if I only have a YouTrip card and I estimate that I will require S$1,000 worth of cash, it is cheaper to withdraw the first S$400 for free and the remaining S$600 through the DBS Multiplier/VISA Debit Card combination, rather than incur a 2% fee on the S$600 which will cost me S$12. But since using this method to withdraw cash in Japan is quite a hassle, it is much easier to just convert your money in one go at a money changer. But just remember to keep your cash safe and separate your money into different bags! You don’t want to lose your money all in one go. For those of you who have multi-currency cards like YouTrip and Revolut, here’s how you can withdraw money in Japan for free (up to the specified limit):