How much NT$ can 10,000 JPY exchange for? Check out the latest 2025 currency exchange guide all at once.

Under the pressure of TWD depreciation, more and more people are paying attention to JPY exchange. As of December 10, 2025, the TWD to JPY exchange rate has risen to 4.85, meaning approximately TWD 2060 can be exchanged for 10,000 JPY. Compared to the exchange rate of 4.46 at the beginning of the year, the JPY has appreciated about 8.7% over the year. This is an important signal for readers planning to travel abroad or allocate hedging assets.

Is now really a good time to exchange for JPY?

In the short term, the JPY is in a fluctuation range. The Bank of Japan (BOJ) Governor Ueda Kazuo recently signaled a hawkish stance, and the market expects a 0.25 basis point rate hike to 0.75% at the December 19 meeting (a 30-year high), with Japanese bond yields reaching a 17-year high of 1.93%. USD/JPY has fallen from the high of 160 at the beginning of the year to around 154.58, and short-term fluctuations may continue to oscillate around 155, but medium to long-term levels are expected to be below 150.

The answer is: You can exchange, but it’s better to do it in installments.

As one of the world’s three major safe-haven currencies (along with USD and CHF), the JPY has long-term stable value. In the context of the US entering a rate-cut cycle and increased volatility in Taiwan stocks, holding JPY can effectively hedge risks. However, arbitrage trading may bring short-term fluctuations of 2-5%, so it’s recommended to buy in multiple batches to average costs.

Are you suitable for exchanging for JPY? Three major scenarios

1. Travel and daily consumption

Japan’s cash culture remains strong, with only about 60% credit card penetration. Whether shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa, cash is still mainstream. Those purchasing Japanese cosmetics, clothing, or anime merchandise also need to pay directly in JPY.

2. Medium to long-term investment allocation

JPY combines hedging and yield characteristics. You can consider stable investments such as fixed deposits (annual interest rate 1.5-1.8%), insurance policies (guaranteed interest rate 2-3%), or JPY ETFs (e.g., 00675U, annual management fee 0.4%), or engage in band trading USD/JPY and EUR/JPY to capture exchange rate opportunities.

3. Asset diversification

Under the pressure of TWD depreciation, moderate investment in JPY can diversify currency risk. In the second half of the year, Taiwan’s foreign exchange demand has increased by 25%, mainly driven by travel recovery and hedging needs.

Detailed comparison of four exchange methods

Method 1: Traditional cash exchange

Carry cash to banks or airport counters to exchange at the “cash selling rate.” Simple operation but the most costly, as cash exchange rates are about 1-2% worse than spot rates.

For example, Taiwan Bank’s rate on December 10, 2025, is approximately 0.2060 TWD/JPY. Exchanging 10,000 JPY yields about TWD 2060. Choosing other banks like Taipei Fubon (0.2069) can get about TWD 2150, a noticeable difference.

Recommended for: Travelers unfamiliar with online operations or needing urgent cash at the airport.
Estimated cost: Exchanging 50,000 TWD results in a loss of about 1500-2000 TWD.

Method 2: Online exchange combined with counter or ATM withdrawal

Use bank app or online banking to convert TWD to JPY and deposit into a foreign currency account, utilizing favorable “spot selling rates.” If cash is needed, withdraw at counters or foreign currency ATMs, with a handling fee starting from 100 TWD equivalent.

Suitable for those experienced in forex, wanting to observe exchange rate trends and buy in batches. Exchanging 10,000 JPY usually yields 200-300 JPY more than at counters.

Recommended for: Forex investors, those with foreign currency accounts, or those who want to increase deposits simultaneously.
Estimated cost: Exchanging 50,000 TWD results in a loss of about 500-1000 TWD.

Method 3: Online currency settlement, pick-up at airport or branch

No need to open a foreign currency account first. Fill in currency, amount, pick-up location, and date on the bank’s website, then pick up at the counter. Taiwan Bank’s “Easy Purchase” online settlement is fee-free (only 10 TWD if paid via TaiwanPay), with about 0.5% better exchange rate.

Taoyuan Airport has 14 Taiwan Bank outlets (2 open 24 hours), making it the most convenient choice before departure. Reservation requires at least 1-3 days.

Recommended for: Travelers with a planned schedule who want to pick up cash directly at the airport.
Estimated cost: Exchanging 50,000 TWD results in a loss of about 300-800 TWD.

Method 4: Foreign currency ATM withdrawal 24/7

Use a chip-enabled bank card to withdraw JPY at foreign currency ATMs. 24-hour operation, cross-bank fee only 5 TWD, no exchange handling fee. Daily limit for foreign currency ATMs at E.SUN Bank is 150,000 TWD.

Disadvantages include limited locations (about 200 nationwide), fixed denominations (1000/5000/10000 JPY), and possible stock shortages during peak times. It’s advised not to wait until the last minute to withdraw.

Recommended for: Urgent needs, no time for counter transactions, or needing cash on the spot.
Estimated cost: Exchanging 50,000 TWD results in a loss of about 800-1200 TWD.

Cost comparison table of four methods

Key concepts quick overview

What is the difference between cash rate and spot rate?

Cash rate (Cash Rate) applies to physical cash transactions, paid on the spot, and is usually 1-2% worse than the market rate. Spot rate (Spot Rate) is the foreign exchange market rate for settlement within two business days, used for electronic transfers and foreign currency accounts, closer to international market prices, but requires T+2 settlement.

How much can 10,000 JPY be exchanged for specifically?

Using Taiwan Bank’s cash selling rate of 0.2060, 10,000 JPY × 0.2060 = TWD 2060. Using the online spot rate of about 0.2061, it’s approximately TWD 2061, a tiny difference but accumulative over many transactions.

What to bring for counter transactions?

National ID + passport; foreigners need passport + residence permit; large amounts over TWD 100,000 may require source of funds declaration; minors under 20 need parental accompaniment. For online reservations, bring transaction notification.

What is the daily limit for foreign currency ATMs?

After the new regulation in October 2025, most banks have reduced their own card daily limit to 100,000-150,000 TWD, others depend on issuing bank rules. It’s recommended to diversify withdrawals or use your own bank card to avoid cross-bank fees.

What to do after exchanging for JPY?

Don’t let cash sit idle without interest—consider the following value-added options:

Fixed deposit: E.SUN, Taiwan Bank foreign currency accounts, starting from 10,000 JPY, annual interest rate 1.5-1.8%, suitable for conservative investors.

Insurance: Cathay, Fubon savings insurance with guaranteed 2-3% interest, holding medium term, also provides protection.

ETF: Yuanta 00675U tracking JPY index, low minimum investment, management fee 0.4%, suitable for systematic investment.

Trading: Directly trade USD/JPY or EUR/JPY on forex platforms to capture short-term volatility, with 24-hour trading, small capital required, suitable for experienced traders.

Final advice

The JPY is no longer just “pocket money” for travel but a financial asset with hedging and yield functions. Whether your goal is a trip to Japan next year or asset diversification, mastering “batch exchange + don’t leave money idle after exchange” principles can minimize costs and maximize returns.

Beginners are advised to start with “Taiwan Bank online settlement + airport pickup” or “foreign currency ATM,” then, based on needs, transfer JPY into fixed deposits, ETFs, or band trading. This way, you can enjoy your trip and also add a layer of protection during global market fluctuations.