[Pocket Change Co., Ltd.]
[Yen lowers for the first time in 34 years/Exchange the US dollars you have at home into electronic money! ] “Pocket” is a terminal that allows you to exchange foreign currency into electronic money and gift certificates.
Change (Pocket Change)” has been newly installed at Wing Takanawa
*View in browser* *Pocket Change Co., Ltd.*
Press release: April 23, 2024
**
[Yen lowers for the first time in 34 years/Exchange the US dollars you have at home into electronic money! ] “Pocket” is a terminal that allows you to exchange foreign currency into electronic money and gift certificates.
Change (Pocket Change)” has been newly installed at Wing Takanawa *Now that the yen is weak, don’t leave any leftover foreign currency and exchange it! *
Pocket Change Co., Ltd. (Headquarters: Minato-ku, Tokyo,
Representative Director: Arata Aoyama) is a dedicated terminal that allows you to exchange foreign coins, banknotes, and Japanese yen banknotes into electronic money that can be used conveniently. Change (Pocket Change)” will be installed at Wing Takanawa and we will begin providing services.
Pocket Change Official Homepage — https://www.pocket-change.jp/ja/
* ■The yen’s depreciation has soared, finally setting a new low for the first time in 34 years, exceeding the 154 yen level to the dollar* In the New York foreign exchange market, where the yen had continued to depreciate, the yen’s exchange rate against the dollar fell on April 16, and at one point the yen was at 154.79 yen to the dollar, the first depreciation of the yen to the dollar in about 34 years since June 1990. I set a standard. This is the first weaker
yen/stronger dollar level in approximately 34 years since June 1990*1.
* ■ Consumers are paying more attention to foreign exchange than they imagined! ? The number of US dollar transactions is linked to exchange rates*
As the prolonged record-breaking yen depreciation continues to worsen, Pocket Change is attracting attention as a service that is easy to use and can handle a wide range of foreign currencies.
In the chart below (1-1)*2, we compared the yen exchange rate against the dollar and the number of US dollar transactions on Pocket Change on a weekly basis*3.
The number of exchanges from the US dollar has increased by up to 50% compared to the first week of the year, and although it has stabilized somewhat due to the recent stagnation at the 152 yen level, it is on the rise again due to the rise in the value of the dollar.
Unique trends include the fact that it appears to be linked to the dollar’s low price rather than its high or closing price, and that its peak occurs about a week later than real-time price movements. Overall, it has become clear that consumers are paying more attention to foreign exchange movements than expected and are making exchanges based on the situation.
* ■ No problem even if the yen is weak! Bright outlook for outbound* According to preliminary figures from the Ministry of Justice’s Immigration Services Agency, the number of Japanese people leaving the country in March 2024 was 1,219,789, an increase of 75.7% compared to the same month last year, continuing to show a remarkable recovery. Despite the negative factor of higher travel costs due to the weaker yen, outbound demand is expected to continue to grow given this strong momentum. (1-2)
Source: Ministry of Justice, Immigration Services Agency, “Immigration Control Statistics”
* ■ Regarding additional installation of Pocket Change *
In anticipation of this steady increase in outbound demand, Pocket Change Co., Ltd. will install additional equipment at Wing Takanawa (Tokyo) and begin providing services from May 1st.
wing takanawa
* ■ About Pocket Change *
Pocket
Change is a service that allows you to easily exchange foreign coins and banknotes left over from overseas travel into electronic money. Just select the electronic money you want to exchange and insert cash, and you can exchange troublesome foreign currency coins for
transportation IC cards such as Suica, Rakuten Edy, WAON, nanaco, Amazon gift certificates, etc.
You can exchange it for convenient electronic money such as Google Play Gift Code.
A total of 10 currencies are supported, including the Japanese yen, and coins for 4 of them (US dollar, euro, Chinese yuan, and Korean won) can be exchanged for electronic money.
Supported currencies and exchange services
* ■ “Pocket Change” that anyone can easily use *
“Pocket
The operation of “Change” is very simple. There is no need for advance membership registration or registration of personal information. Exchange to electronic money is completed in just 3 steps. In addition, the voice guidance and display languages are available in 5 languages, so even foreigners can use it with confidence.
How to use pocket change
*1 NY Yen, temporarily 154.79 yen, the weakest yen to the dollar in 34 years 2024-04-17, Sankei Shimbun
https://www.sankei.com/article/20240417-RHBAPQ536FNOTCXAFS7FDSQ6HQ/ (Reference 2024-4-17).
*2 US Dollar / Japanese Yen Time Series/Trend Weekly 2024-04-15 Yahoo! Japan Finance
https://finance.yahoo.co.jp/quote/USDJPY=X/history?from=20230415&to=20240415&timeFrame=w *3 The specific number of transactions will not be disclosed.
Pocket Change Co., Ltd. will continue to strive to expand its installation locations and services so that all overseas travelers can use it more conveniently and comfortably.
You can check the details of the installation location from the link below. https://www.pocket-change.jp/ja/where-to-find/
* ■ Overview of foreign currency exchange service “Pocket Change” * ・Name: Pocket Change
・Service format: Kiosk terminal
・Service start date: February 2017
・Service URL: https://www.pocket-change.jp/ja/
・Twitter: https://twitter.com/PocketChangeFX
Click here to request materials or make inquiries (it takes about 10 seconds) https://www.pocket-change.jp/ja/contact/
*About details about this release*
https://prtimes.jp/main/html/rd/p/000000162.000019691.html
*Download press release materials*
https://prtimes.jp/im/action.php?run=html&page=releaseimage&company_id=19691&release_id=162
Copyright © PR TIMES Corporation All Rights Reserved.