How to Convert the Yen to CAD
The yen is the currency in Japan. "CAD" is the acronym used for the Canadian dollar, the currency of Canada. Both of these currencies can be used to buy goods and services in their respective countries. A person holding Japanese yen will not be able to buy goods in Canada without first converting his currency to Canadian dollars. Likewise, someone wishing to calculate the cost of something in Japan relative to the cost of something in Canada must first calculate the exchange rate from yen into CAD.
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Instructions
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Confirm your purpose for converting Yen to CAD. If you are simply looking to estimate the exchange rate or the cost of goods in Canada relative to the yen there are several good currency calculators available online. If you are looking to convert actual yen into CAD for the purposes of purchasing goods in Canada while traveling, currency conversions can be executed at a bank, at the airport currency exchange bureau or by withdrawing money from a Japanese bank account through any ATM in Canada.
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Visit a currency calculator website. A table will will show conversion rates on a 1 to 1 ratio between the world's major currencies, including the Japanese yen (JPY) and the CAD. Locate the JPY on the left hand vertical margin of the table. Find CAD on the top bar of the table. Locate the point on the table where these two rows intersect to find the conversion rate. These websites usually also have a currency converter to allow users to enter a specific amount of currency and convert that amount to another currency. If you have a specific amount of yen in mind, locate the currency converter on the homepage of the website. Enter the amount of Yen in the field marked "Amount." Click the drop down menu under "From" and select "Yen," "Japanese Yen" or "JPY." Click the drop down menu under "To" and select "Canadian Dollar" or "CAD." Double-check that you have selected the correct dollars. There are several currencies that are appended with the name "dollar," including the U.S. dollar.
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Contact your local bank or credit card company about converting funds from yen to CAD. Many will perform this service for you.
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Stop by the Bureau du Change or currency exchange at the airport before you leave Japan or before you arrive in Canada. Inform them how much CAD you would like to buy and they will inform you of the amount of yen required.
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Withdraw CAD from an ATM in Canada. If you hold a bank account in Japan, you may be able to insert your credit or debit card and withdraw the amount of funds needed from any automatic teller machine in Canada. The bank or credit card company will automatically compute the conversion rate for you and give you the amount of CAD requested.
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Tips & Warnings
Converting real currency always involves a fee charged by the converting agency. Withdrawing funds from the ATM is a better way to obtain currency because the exchange rate fees will be negotiated between the issuing bank and your bank.
Resources
- Photo Credit yen sign 60 image by chrisharvey from Fotolia.com
