Google has utterly failed me on this one, as its first four search results have suggested totally contradictory answers. One says use a local bank. One says use a Japanese bank, and another says the airport (yeah right) is the best rate.
So whats the best way to transfer many thousands of dollars into yen?|||Get a money market account and trade directly without any fees or middle man.|||First of all, you are NOT going to get the exchange rate you see on the currency exchange. Those rates are only for currency traders much like the traders on the stockmarket floors. Your rate would be somewhere around 80 to 85% of market rates.
You will NOT get the best rates outside of Japan. The yen is in demand and that means outside of Japan people want yens so trading USD for it is a losing proposition if you are trying to get the best rates.
I'm not sure why you implied the airport exchange is not a good place to exchange money. It may not be the absolute best, but it is pretty close. Most banks in Japan will exchange USD to yen and depending on which ones you can get a very decent rate.
The other option is to get traveler's check which some banks in the US offers without a fee. You can then cash the checks in Japan at their banks for yens.|||Actually if you change USD to JPY in a *Japanese* airport the exchange rate is pretty reasonable, as many of the exchange offices at airports are operated by actual banks rather then companies like at US Airports. USA Airports will RIP YOU OFF.
Local banks will have much harder time (especially language issues) and if they simply don't do exchanges on a daily basis.
You either use the ATM (international ATM), get traveler's checks and exchange them in Japan, or exchange cash directly for Japanese cash at the exchange office in the Airport.|||online bank transfer?
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