As the Taiwanese dollar continues to depreciate, the Japanese yen has become a strategically significant asset allocation option. The yen offers three main investment reasons: hedging, interest rate arbitrage, and appreciation potential, and can be exchanged in various ways. It is recommended to exchange in installments and allocate to yen fixed deposits or ETFs to reduce costs and increase asset value.

Gold prices surged in 2024, setting new historical records. After a pullback from near $4,400 per ounce in October, the market remains highly active in discussion. Investors' most concerned questions boil down to three points: Why is gold continuing to rise? Is there still room for growth? Is it too late to enter now?
Central bank reserve demand drives long-term bull market in gold
Global central bank demand for gold has become a key pillar supporting gold prices. According to data from the World Gold Council (WGC), net gold purchases by central banks worldwide reached 220 tons in the first three quarters of 2025, a 28% increase from the previous quarter. In the first nine months, central banks have purchased approximately 634 tons of gold, slightly below the same period last year but still well above historical averages.
What is even more noteworthy is the long-term strategic shift among central banks. In the WGC's June 2025 survey on central bank gold reserves, 76% of responding central banks believed they would "moderately or significantly increase" their gold holdings over the next five years.

In just 48 hours, the New Taiwan Dollar (NTD) appreciated nearly 10%, revealing a market storm behind a historic breakthrough
Recently, the NTD has experienced an astonishing rally, becoming an outlier among Asian export currencies. From May 2 to May 5, in just two trading days, the USD to NTD exchange rate plummeted from 31 to 29.59, with a cumulative appreciation of nearly 10%, marking the largest single-day increase in 40 years. This intense volatility not only set multiple historical records but also triggered the third-largest trading volume in the history of the foreign exchange market.
To put this into perspective, just a month ago, the market was worried that the NTD might break through the 34 or even 35 mark. Who could have predicted such a dramatic shift in market sentiment within just 30 days? In contrast, other major Asian currencies appreciated more modestly during the same period: the Singapore dollar rose 1.41%, the Japanese yen increased 1.5%, and the Korean won surged 3.8%. The appreciation of the NTD is truly unique.

The New Taiwan Dollar appreciated nearly 10% in just two days, marking the largest single-day gain in 40 years, shocking the market. The reasons for the appreciation include changes in US tariff policies, limited room for central bank intervention, and financial institutions' hedging operations. Future appreciation potential is limited, and investors should operate cautiously based on their risk tolerance, while paying attention to central bank movements and US-Taiwan trade developments.

The NT dollar has already reached a level of 4.85 against the Japanese Yen. What does this number mean? Compared to the relative stability of the NT dollar against the Hong Kong dollar, the Yen is more volatile and offers more opportunities. Whether you plan to visit Japan next year or want to take advantage of the NT dollar's depreciation by converting some funds into Yen for hedging, you first need to understand how to exchange money most cost-effectively. We break down the latest four currency exchange methods for 2025, so you can instantly grasp the cost differences.
Why pay attention to the Yen exchange rate now?
The Yen is not just a travel currency but also one of the world's three major safe-haven currencies (alongside the US dollar and Swiss franc). Over the past year, the NT dollar against the Yen has risen from 4.46 at the beginning of the year to 4.85 now, an appreciation of 8.7%. This upward trend is quite significant for Taiwanese investors.
Travel aspect: Most Japanese merchants only accept cash (credit card penetration is about 60%). Whether shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa, you need to prepare enough Yen in cash.

Ethereum's recent trend has been somewhat awkward—large holders with 10K-100K ETH collectively sold off 150K ETH over the past four days. This move has caused concern among many about whether this rebound can hold steady. On the other hand, accumulation addresses (wallets that have never sold historically) are quietly holding around $2,860, hinting at potential support brewing.
Why are large holders reducing their positions at this time?
According to on-chain data from CryptoQuant, this wave of large holder selling is not surprising. ETH is currently fluctuating around $2.95K, right at the break-even zone of $2,900. Investors have already recorded over $1 billion in losses in the past week (based on Santiment's realized profit/loss indicator), with most selling pressure coming from those trying to cut losses or preserve capital.
What’s more heartbreaking is that Ethereum ETFs will extend their consecutive outflow days on Wednesday.

Entering the second half of 2024, the gold market has shown a clear upward trend, with gold prices approaching a historic high. The main drivers include geopolitical uncertainties, declining real interest rates, and central banks worldwide increasing their gold holdings. Investors should participate cautiously based on their own experience and risk tolerance to avoid blindly chasing gains. In the long term, gold still has upward potential, but its high volatility requires attention to risks.

In December 2025, the Taiwanese dollar against the Japanese yen reached 4.85, reigniting interest in travel to Japan and investments in yen. However, many people are unaware that simply choosing the wrong exchange method can cost an extra 1,500-2,000 NT dollars. This article provides an in-depth comparison of four exchange methods, differences between spot and cash rates, and bank fees to help you find the most suitable strategy.
Why has the Japanese yen become a popular foreign currency?
The value of the yen far exceeds common perceptions. From travel shopping to financial investments, the yen plays an important role.
Travel and Daily Expenses
The proportion of cash transactions in Japan remains high at 40% (credit card penetration is only 60%). Whether shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa, it is necessary to prepare Japanese yen cash in advance. Additionally, buyers of Japanese cosmetics, clothing, and anime merchandise often need to pay directly in yen. Those planning to study or work in Japan will also plan currency exchanges in advance to avoid fluctuations in exchange rates.
The world's three major safe-haven currencies

By 2025, the NT dollar to Japanese Yen exchange rate has surged to 4.85, and many people are starting to consider whether to exchange for Yen. But do you know? Just choosing the wrong exchange channel can cost you an extra 2,000 New Taiwan Dollars. We analyze the five major Yen exchange channels in Taiwan to help you find the most cost-effective solution.
Why is it worth paying attention to exchanging Yen now?
Travel demand rebounds
Japan remains the favorite overseas destination for Taiwanese people. Cash spending needs in Tokyo, Osaka, and Hokkaido have not been fully replaced by electronic payments (credit card penetration is only 60%).
Investment perspective heats up
The Yen has both hedging properties and arbitrage opportunities. As one of the world's three major safe-haven currencies (along with the US dollar and Swiss franc), funds flow into Yen during market turbulence—during the Russia-Ukraine conflict in 2022, the Yen appreciated by 8% in a week, enough to offset a 10% stock market decline. For Taiwanese investors, holding Yen is like adding insurance to Taiwan's stock market volatility.
Exchange rate trend

Recently, the euro has strengthened against the US dollar, and the dollar is facing downward pressure, mainly due to rising market expectations of interest rate cuts. Over the past ten years, the probability of the US dollar index declining in December has reached 80%. Future dollar trends will be influenced by the Bank of Japan's policies, leadership changes at the Federal Reserve, and tariff policies. Experts predict that the euro may reach new highs.

On December 10, 2025, the Taiwanese dollar (TWD) against the Japanese yen (JPY) broke through the 4.85 mark, appreciating 8.7% from 4.46 at the beginning of the year. For Taiwanese people planning to travel to Japan, purchase Japanese goods, or allocate hedging assets, now is a good time to observe. But before deciding to exchange, you need to know: using the wrong method to exchange yen can cost you thousands more in exchange rate differences and fees.
This article will start from practical aspects, telling you what to bring when withdrawing money from the bank, how to choose among four exchange channels, and whether it is worthwhile to exchange yen now.
What should you bring when withdrawing yen cash from the bank? Get these documents ready first
When exchanging yen cash at the bank or at the airport counter, preparation is key. Taiwanese nationals need to bring their ID card and passport, while foreigners should bring their passport and residence permit. If the exchange is made in the name of a company, proof of business registration is required.
If you have made an online currency exchange reservation in advance (such as Taiwan Bank's "Easy Purchase" service), you should also bring the transaction notification when collecting.

The US Dollar Index (DXY) reflects the strength of the US dollar relative to six major currencies, with the euro accounting for as much as 57.6%. The index components are selected based on a long history and mainly represent developed countries. In the global financial markets, fluctuations in the US Dollar Index will influence the trend of the US dollar, capital flows, and the prices of various assets, especially gold and crude oil. Understanding the underlying logic is crucial for investors.

Why do traders need to master currency symbols?
When engaging in forex trading, you will frequently encounter various country currency codes and symbols. Being able to quickly recognize these symbols not only speeds up market judgment but also helps avoid confusion in cross-border transactions. For example, seeing the euro symbol (€) immediately brings to mind popular currency pairs like EUR/USD and EUR/JPY, enabling more敏銳的 trading decisions.
Essentially, currency symbols are a form of visual shorthand—compared to writing "40 USD," writing "$40" is much more concise and easier to scan on market tables and trading reports. For traders who handle dozens of currency pairs daily, this efficiency difference can gradually accumulate into a competitive advantage.
Complete Reference Table of Major Country Currency Symbols
Below is a整理 of the most common currency symbols in the trading market:
| Continent | Country | Currency | Code | Symbol |
|

Financial and insurance sector stocks showed strong momentum immediately after the Taiwan stock market opened on December 17. The industry index surged past 2412.7 points during the trading session, setting a new historical record. Among them, Taishin Shin Kong Financial (2887), which was newly included in the high-yield index ETF with a scale of over 400 billion yuan, exhibited the strongest momentum. Driven by continuous buying pressure, the stock price once soared nearly 7%, breaking the 21 yuan mark, with a high of 21.60 yuan. It closed at 21.25 yuan, up 5.99% for the day, hitting a new all-time high.
ETF component adjustments trigger a buildup wave, with thousands of billions of yuan in capital inflows
Recently, Taiwan stock index ETFs have been optimizing their constituent stocks, leading to large-scale capital inflows and outflows. Among them, the Yuanta Taiwan High Dividend ETF began including Taishin Shin Kong Financial in its holdings list from the 16th, initiating an approximately eight trading day transition period for building positions. This move attracted major fund management institutions to preemptively allocate, with over

Current Market Situation: Opportunity Window for Yen
As of December 10, 2025, the TWD/JPY exchange rate is approximately 4.85, up about 8.7% from 4.46 at the beginning of the year. This is no coincidence—along with the Bank of Japan's rising interest rate expectations (Governor Ueda Kazuo's hawkish remarks have pushed market rate hike expectations to 80%), and the TWD facing depreciation pressure, more and more investors are seriously considering allocating to the yen. Data shows that Taiwan's foreign exchange demand increased by 25% in the second half of the year, driven by a recovery in tourism and risk hedging needs.
But the question "Is it worth exchanging now?" doesn't have a simple answer of "yes" or "no." The key lies in choosing the right channels and methods. The same 50,000 TWD, if exchanged through the wrong method, could result in a loss of 500-2000 TWD—equivalent to giving away a few cups of bubble tea for free.
The Yen is not just a travel currency but also a risk hedging asset
Many people's understanding of the yen stops at "exchanging a little for travel," but from

After experiencing intense selling pressure, Bitcoin, Ethereum, and Ripple have rebounded, but caution is still needed due to potential vulnerabilities. Bitcoin rebounded from $80,600 to $87,680, with a short-term target of $90,000; Ethereum found support at $2,749, with a target of $3,017; Ripple rebounded from $1.82, with a target of $2.35. Investors should prioritize risk management.

Market Dynamics Shift Suddenly, Macro Environment Becomes Key
The yen's sharp decline is reshaping global capital flows. At the same time, Bitcoin is facing a new turning point—after rapidly dropping from its all-time high of $126,000, BTC briefly hit a 7-month low of $80,537 on November 21, then initiated a rebound. As of November 24, Bitcoin has recovered to $87,874, demonstrating some resilience.
Changes in Japanese monetary policy combined with expectations of Fed rate cuts have added complexity to the crypto market. Recently, New York Fed President Williams hinted at the possibility of further rate cuts in December, with market bets on a Fed rate cut rising to 70%. These macro signals have a dual impact on Bitcoin's attractiveness: on one hand, a low-interest environment favors risk assets; on the other hand, the yen's plunge may lead some funds to flow into domestic Japanese assets, diverting risk capital.
Technical outlook now shows a turning point,

On Monday during Asian trading hours, the EUR/USD currency pair showed a mild upward trend around 1.1645. The main catalyst driving this rally comes from the strong expectation that the Federal Reserve will start cutting interest rates at the Wednesday, December meeting.
Federal Reserve Rate Cut Probability Nears 90% — Market Outlook
According to the latest trader statistics, the probability of the Federal Reserve implementing a 25 basis point (bps) rate cut at this week's meeting has approached 87%, which means the federal funds rate target range will slide to 3.75%-4.00%. However, the market is not unanimously bullish. Bob Savage, Chief Macro Strategist at BNY Mellon, pointed out that there are clear disagreements within the decision-making circle, with hawkish and dovish members likely to voice their opinions.
If the Federal Reserve adopts a "hawkish rate cut" stance—cutting rates while emphasizing the possibility of halting or slowing down future rate cuts—the dollar may instead gain support, thereby suppressing the euro's rally. Traders expect to focus on the upcoming...

This year's Taiwan dollar to Japanese yen exchange rate has risen to 4.85, reigniting interest in travel to Japan and yen asset allocation. More and more people want to exchange for yen, but do you know? Just choosing the wrong currency exchange channel can result in cost differences of over 2000 yuan.
At the same time, how much one US dollar is worth in Taiwan dollars is also a hot topic—currently about 32.5 TWD—as an international benchmark, the fluctuations in the USD/JPY exchange rate directly affect your currency exchange decisions. This article summarizes the latest 4 methods of exchanging Japanese yen in Taiwan, so you can instantly understand which is the most cost-effective.
Why exchange yen now? Double appeal of hedging + returns
The yen is not only essential for travel but also one of the world's three major safe-haven currencies (along with the US dollar and Swiss franc).
From an investment perspective: The Bank of Japan has recently signaled a potential rate hike, expected to rise to 0.75% in December (a 30-year high), with Japanese bond yields reaching a 17-year high of 1.93%. At the same time, the yen, as a financing currency, has a US-Japan interest rate differential of up to 4