Owais Crawford
When travelling to Japan, it is important to have Japanese yen on hand. Haneda Airport offers various options for converting money. Money exchange facilities are available throughout the airport, including a POCKET CHANGE facility that converts foreign coins into points. The Mizuho Bank money exchange counter in Terminal 3 is recommended for its competitive rates. Additionally, Seven Bank ATMs support transactions in 12 languages and allow withdrawals in yen using overseas-issued cards. For those with zero-fee international accounts, withdrawing yen directly from ATMs may offer better rates than currency exchange booths.
| Characteristics | Values |
|---|---|
| Money exchange facilities | Available throughout the Haneda Airport Passenger Terminal |
| Pocket Change facility | Converts leftover foreign coins into points |
| Hours of operation | 9:00 a.m.-5:00 p.m. (JST). Closed during the year-end and New Year holidays |
| Currency exchange shops | Handle 33 different currencies |
| Currency exchange shops | Handle 7 different currencies: US Dollars, Euros, British Pounds, Chinese Yuan, South Korean Won, Australian Dollars, and Taiwan Dollars |
| ATM transactions | Can be done in 12 languages |
| Best currency exchange rate | Mizuho Bank money exchange counter |
| Other ATM options | Seven Eleven ATMs, where you can use your debit card or Wise card to withdraw money |
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What You'll Learn
- Money exchange facilities are available throughout the Passenger Terminal
- Exchange rates are better for USD/EUR than other currencies
- Mizuho Bank has the best exchange rate at Haneda Airport
- Seven Bank ATMs offer transactions in 12 languages
- Zero-fee international cards are recommended for withdrawing money
Money exchange facilities are available throughout the Passenger Terminal
There is also a Mizuho Bank money exchange counter, which some travellers recommend as the best rate of exchange. However, as of April 1st, 2024, the Mizuho currency exchange may be closed. There is also a POCKET CHANGE facility, which converts leftover foreign coins into points that can be used.
If you are exchanging USD or EUR, you are likely to get a better rate than with other currencies. For example, Narita Airport, which is assumed to be similar to Haneda Airport, offers an exchange rate of 145.17 when converting into Yen and 150.57 when exchanging out of Yen.
You can also compare the rates of Smart Exchange (Haneda Airport International Terminal Station) to see if they offer the best rates and cheapest deals to send money abroad in Japan.
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Exchange rates are better for USD/EUR than other currencies
Haneda Airport in Tokyo has money exchange facilities in various places throughout the Passenger Terminal. These facilities are usually open from 9:00 a.m. to 5:00 p.m. and closed during the year-end and New Year holidays. There is also a "POCKET CHANGE" facility that converts foreign coins into points.
When it comes to exchange rates, it's important to understand the difference between the nominal exchange rate and the real exchange rate (RER). The nominal exchange rate is the simple conversion of one currency into another, such as the number of US dollars that one euro can buy. The real exchange rate, on the other hand, takes into account the purchasing power of each currency, or how much goods or services that amount of money can buy in each country. This is calculated by multiplying the nominal exchange rate by the ratio of prices between the two countries.
In the context of Haneda Airport, it has been observed that converting USD to JPY or EUR to JPY tends to offer better rates than exchanging other currencies. For example, the spread for Brazilian Real may not be as favourable. Additionally, it is generally recommended to avoid exchanging currencies at airports due to unfavourable rates. Instead, consider using a credit card or ATM card for more competitive rates. However, be mindful of international transaction fees that may be charged by your bank or card provider.
To get the most accurate and up-to-date information about exchange rates at Haneda Airport, it is advisable to check with the specific money exchange facilities or your financial institution before making any currency exchanges.
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Mizuho Bank has the best exchange rate at Haneda Airport
If you're looking to convert your money at Haneda Airport, there are a few options available to you. Money exchange facilities can be found throughout the Haneda Airport Passenger Terminal, including a "POCKET CHANGE" facility that converts foreign coins into points. However, keep in mind that these facilities may be closed during the middle of the night for maintenance.
While there are various banks and exchange providers at Haneda Airport, Mizuho Bank stands out for offering competitive exchange rates. According to travellers, Mizuho Bank provides favourable rates for converting US dollars to Japanese yen, which is the local currency you'll need during your stay in Japan.
Although Mizuho Bank offers excellent exchange rates, it's always a good idea to compare rates and weigh your options. Exchange rates can vary between different airports and locations. For example, Narita Airport has offered an exchange rate of 145.17 when converting into Yen and 150.57 when exchanging out of Yen, with no additional transaction fees.
Additionally, some travellers suggest checking rates in your hometown before departing, as you may find pleasant surprises. For instance, exchanging Euros to Yen in Paris can sometimes offer a favourable spread of around 2.5%-3%.
While Mizuho Bank has competitive exchange rates, it's important to note that their rates may vary over time. It's always a good idea to call ahead or check their website for the most up-to-date information on their exchange rates and services.
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Seven Bank ATMs offer transactions in 12 languages
Haneda Airport offers various money exchange facilities in the Passenger Terminal. While some of these facilities are open 24 hours, they may be closed during the middle of the night for maintenance. One such facility is POCKET CHANGE, which converts foreign coins into points that can be used for purchases.
If you're looking to exchange currency at Haneda Airport, one convenient option is to use the Seven Bank ATMs, which offer transactions in 12 languages: English, Japanese, Simplified Chinese, Traditional Chinese, Korean, Thai, Malay, Indonesian, Vietnamese, French, German, and Portuguese. These ATMs are located in the International Terminal (Terminal 3) and can be found on your left as you exit Customs and enter the Arrivals lobby. Here, you can withdraw Japanese yen using overseas-issued cards, with the option to select the language of your choice for a stress-free transaction.
In addition to the Seven Bank ATMs, there are other options for currency exchange at Haneda Airport. One popular choice is the Mizuho Bank money exchange counter, which is also located in Terminal 3 near the Arrivals lobby. According to some travellers, Mizuho Bank offers competitive exchange rates, making it a recommended choice for exchanging larger amounts of currency.
It's worth noting that currency exchange rates at airports may not always be the most favourable. Some travellers suggest comparing rates before arriving at the airport, as exchanging money in your hometown or withdrawing yen directly from ATMs using international cards can sometimes offer better value. Nonetheless, if convenience is a priority, the Seven Bank ATMs at Haneda Airport provide a straightforward and multilingual option for currency exchange upon arrival.
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Zero-fee international cards are recommended for withdrawing money
Haneda Airport has money exchange facilities in various places throughout the Passenger Terminal. However, these may be closed during the middle of the night for maintenance. There is also a "POCKET CHANGE" facility that converts foreign coins into points.
If you're looking to avoid foreign transaction fees, a zero-fee international card is recommended for withdrawing money. Foreign transaction fees typically involve a 3-5% markup on purchases, which can add up over time. These fees are charged by the card network, such as Visa or Mastercard, and then potentially increased by your card issuer.
There are several options for no-fee international debit cards, including:
- Capital One 360 Checking Account: A contactless Mastercard with no fees for international transactions, no monthly fees, and no minimum deposit requirements. It has a daily purchase limit of $5,000 and a daily ATM withdrawal limit of $1,000.
- Wise Multi-Currency Card: Available for a one-time fee of $9 when you open a Wise Account. It can be used in 174 countries with no transaction fees, only a small currency conversion fee. It has a daily purchase limit of $15,000 and a daily ATM withdrawal limit of $1,000.
- Revolut: No fees for spending in over 150 currencies and fee-free currency exchange Monday to Friday. A 1% fee applies on weekends.
- HSBC Premier Debit World Mastercard: Comes with an HSBC Premier checking account, which has no foreign transaction fees on purchases.
- Santander Select World Debit Mastercard: No international transaction fees for purchases or ATM withdrawals, with fee-free cash withdrawals at over 30,000 Santander ATMs worldwide.
- Betterment: ATM and foreign transaction fees are automatically reimbursed. There is a daily purchase limit of $2,000 and a daily ATM withdrawal limit of $510.
- Heritage Bank eCENTIVE Checking Account: No monthly fee or minimum balance requirements, with a base interest rate of 0.05% APY. ATM refunds abroad cover up to $25 USD.
Additionally, some credit cards offer no foreign transaction fees, such as the Apple Card. Cards with no foreign transaction fees may also include travel perks like trip cancellation insurance, free checked luggage, and rental car benefits.
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Frequently asked questions
Money exchange facilities are available in various places throughout the Haneda Airport Passenger Terminal. You can also withdraw Japanese yen using overseas-issued cards at Seven Bank ATMs.
According to one source, Narita Airport offers an exchange rate of 145.17 when converting into Yen and 150.57 when exchanging out of Yen. It is likely that a similar rate is offered at Haneda Airport.
Yes, you can exchange your money at banks in your hometown or in Japan. You can also withdraw money directly from Seven Eleven ATMs at the airport using your debit card or Wise card.
Even 24-hour money exchange facilities at Haneda Airport will be closed during the middle of the night for maintenance purposes. It is recommended that you check in advance with the money exchange facility you intend to use.
