Where to Exchange Currency in Tokyo, Japan

When traveling to Tokyo, Japan, one of the essential tasks is to exchange currency. Tokyo, as a global financial hub, offers numerous options for currency exchange. Whether you're a tourist or a business traveler, understanding where and how to exchange your money can make your visit smoother and more convenient. This comprehensive guide will explore various currency exchange options in Tokyo, including banks, exchange counters, hotels, and automated machines, providing detailed insights into each.

1. Banks

Banks are one of the most reliable places to exchange currency in Tokyo. Major banks such as Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank offer currency exchange services. Here’s what you need to know:

• Availability: Most banks have dedicated foreign exchange counters. It’s common for them to offer exchange services during regular business hours, typically from 9:00 AM to 3:00 PM on weekdays. Some branches may offer extended hours or services on weekends, but it’s best to check in advance.

• Exchange Rates: Banks generally provide competitive exchange rates, though they might not always be the best compared to specialized exchange services. It’s worth comparing rates before making a transaction.

• Fees: Banks may charge a service fee or commission for currency exchange. It’s advisable to inquire about any additional fees or charges before proceeding with the exchange.

• Identification: Banks require identification for currency exchange transactions. Ensure you bring a passport or other government-issued ID.

Examples of Banks Offering Currency Exchange:

Bank Name	Location	Typical Hours
Mitsubishi UFJ Bank	Various locations throughout Tokyo	9:00 AM - 3:00 PM
Sumitomo Mitsui Banking Corporation	Various locations throughout Tokyo	9:00 AM - 3:00 PM
Mizuho Bank	Various locations throughout Tokyo	9:00 AM - 3:00 PM

2. Currency Exchange Counters

Currency exchange counters are prevalent in tourist areas, major train stations, and shopping districts. They offer convenience and are often open longer hours compared to banks. Notable exchange counters include:

• Travelex: With locations in major train stations like Tokyo Station and Haneda Airport, Travelex is a popular choice for travelers. They offer competitive rates and easy accessibility.

• Japan Post Bank: Many post offices in Tokyo provide currency exchange services. Look for the "JP Post Bank" signs or inquire at the nearest post office.

• Airport Exchange Counters: Both Narita and Haneda Airports have multiple currency exchange counters. These are convenient for exchanging money upon arrival or before departure, though rates might be slightly less favorable compared to other options.

Examples of Currency Exchange Counters:

Counter Name	Location	Typical Hours
Travelex	Tokyo Station, Haneda Airport	8:00 AM - 8:00 PM
Japan Post Bank	Various post office locations	9:00 AM - 5:00 PM
Airport Counters	Narita and Haneda Airports	24/7

3. Hotels

Many hotels in Tokyo offer currency exchange services, especially those catering to international tourists. This can be a convenient option if you prefer to exchange money at your accommodation.

• Large International Hotels: Hotels like The Peninsula Tokyo, Park Hyatt Tokyo, and Shangri-La Tokyo often provide currency exchange services for their guests.

• Rates and Fees: Hotel exchange rates might not be as favorable as those offered by banks or dedicated exchange services. Additionally, hotels may charge a service fee or offer less favorable rates compared to other options.

• Convenience: Exchanging money at your hotel can be very convenient, especially if you are arriving late at night or need small amounts of cash.

Examples of Hotels Offering Currency Exchange:

Hotel Name	Location	Typical Hours
The Peninsula Tokyo	Marunouchi	24/7
Park Hyatt Tokyo	Shinjuku	24/7
Shangri-La Tokyo	Chiyoda	24/7

4. Automated Currency Exchange Machines

Automated currency exchange machines are a modern and efficient way to exchange money. These machines are available at various locations, including major train stations, airports, and some shopping centers.

• Availability: Machines can be found in high-traffic areas, including Tokyo Station, major airports, and some large shopping malls.

• Operation: Most machines accept international credit and debit cards and provide cash in Japanese yen. The interface is usually user-friendly, with instructions available in multiple languages.

• Rates and Fees: The rates offered by these machines can be competitive, but they might include service fees. It's advisable to check the rates and fees before finalizing the transaction.

Examples of Automated Currency Exchange Machines:

Location	Typical Locations	Typical Hours
Tokyo Station	Near the Marunouchi and Yaesu exits	24/7
Haneda Airport	Terminal 1 and Terminal 2	24/7
Shibuya 109	Inside the shopping complex	10:00 AM - 9:00 PM

5. Tips for Exchanging Currency in Tokyo

• Compare Rates: Always compare exchange rates and fees between different options to ensure you get the best deal. Online tools and apps can help you check current exchange rates.

• Carry Small Denominations: It’s useful to have small denominations of Japanese yen for everyday expenses, such as transportation and small purchases.

• Keep Your Receipt: Retain the receipt from your exchange transaction. It may be necessary for future reference or if you need to exchange leftover yen back to your original currency.

• Be Aware of Scams: Be cautious of unofficial exchange services or street vendors. Stick to reputable banks, exchange counters, and hotels to avoid potential scams.

By understanding your options for exchanging currency in Tokyo, you can ensure a hassle-free experience during your stay. Whether you choose banks, exchange counters, hotels, or automated machines, Tokyo offers ample opportunities to conveniently manage your currency needs.