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【〇〇 is Recommended】Comprehensive Comparison of Currency Exchange Rates at Haneda Airport (JPY ⇒ Foreign Currency)
2023-10-19
- This article is for reference only as it is merely a translated version of the Japanese article below.
【〇〇がおすすめ】羽田空港の両替レートを徹底比較 (Japanese version)
Are you interested in finding the highly recommended currency exchange provider at Haneda Airport?
After Traveling Japan you would need to exchange JPY back to your home currency.
Just by reading this article being aware of best FX provider at Haneda Airport, you could potentially save more than 10,000 JPY.
This article thoroughly compares all the rates offered by currency exchange providers at Haneda Airport – including Mizuho Bank, Travelex, and SBJ Bank. Recommended top currency exchange providers are introduced.
Information about services offering greater advantages than those available at the airport will also be provided, thereby highly encouraging your continued reading.
Strive to exchange your currency at a value that is closest to the market rate.
Haneda Airport’s Currency Exchange Rates Tend to Be Unfovorable
Generally speaking, “the rates at Haneda Airport are not particularly competitive“.
While the rates for the “Dollar” and “Euro” are within an acceptable range (around 2%), a significant currency exchange fee (foreign exchange spread) is added to most other currencies.
It is advisable to minimise currency exchange at airport and consider using services such as Revolut and Wise, discussed below.
Recommended Currency Exchange Service at Haneda Airport is “Mizuho Bank”
Recommended currency exchange provider at Haneda Airport is “Mizuho Bank“.
Upon comparing currency exchange providers at Haneda Airport (Mizuho Bank, Travelex, SBJ Bank), it was observed that Mizuho Bank’s rates are more advantageous across a variety of currencies.
For key currencies such as the USD (US Dollar) and EUR (Euro), it is advised to perform your currency exchange at Mizuho Bank. (Even though there are three Mizuho Bank currency exchange counters available, the rates offered are the same across all.)
Next, each currency exchange provider will be compared by individual currency.
Currency Exchange Rate Comparison at Haneda Airport
The lower the number listed in the table, the more affordable the currency exchange service is.
Currency Exchange Rates at Haneda Airport
| Currency | Market Rate | Travelex | Mizuho Bank | SBJ Bank |
| USD （US Dollar） | 140.725 | 146.53 | 142.57 | 143.18 |
| KRW （Korean Won） | 0.10635 | 0.1225 | 0.1134 *1 | 0.1137 |
| CNY （Chinese Yuan） | 19.9195 | 22.54 | 21.51 *1 | 21.58 |
| EUR （Euro） | 150.86 | 157.18 | 153.95 | 155.39 |
| GBP （British Pound） | 173.75 | 187.95 | 183.31 | 186.14 |
| AUD （Australian Dollar） | 91.8 | 102.39 | 100.3 | 100.37 |
| NZD （New Zealand Dollar） | 85.12 | 96.37 | 94.72 | ー |
| CAD （Canadian Dollar） | 103.41 | 115.13 | 111.02 | 111.17 |
| SGD （Singapore Dollar） | 103.98 | 112.93 | 108.05 | 111.58 |
| HKD （Hong Kong Dollar） | 17.9653 | 20.9 | 20.28 | 21.26 |
| TWD （Taiwanese Dollar） | 4.5839 | 5.24 | 5.04 | 5.27 |
| THB （Thai Baht） | 4.0496 | 4.61 | 4.51 | 4.65 |
| MYR （Malaysian Ringgit） | 30.5856 | 36.79 | 34.74 | 35.25 |
| IDR （Indonesia Rupiah） | 0.0094095 | 0.0121 | 0.0124 | 0.0139 |
| INR （Indian Rupee） | 1.7042 | 1.9 | ー | ー |
| AED （UAE Dirham） | 38.24 | 47.49 | 42.95 | 43.06 |
| CHF （Swiss Franc） | 155.43 | 164.5 | 159.35 | 162.59 |
| VND （Vietnam Dong） | 0.005993 | 0.0084 | ー | 0.0077 |
| PHP （Philippine Peso） | 2.5163 | 2.82 | 2.79 | 2.9 |
| BRL （Brazilian Reals） | 28.178 | 41.68 | ー | ー |
| XPF （Thahitian Franc） | 1.2579 | 1.6863 | ー | ー |
| SEK （Swedish Krona） | 13.284 | 17.94 | ー | ー |
| HUF （Hungarian Forint） | 0.4048 | 0.54 | ー | ー |
| CZK （Czech Republic Koruna） | 6.3498 | 9.06 | ー | ー |
| NOK （Norwegian Kroner） | 12.6933 | 15.95 | ー | ー |
| MXN （Mexican Peso） | 7.98555 | 10.15 | ー | ー |
| PLN （Polish Zloty） | 33.30065 | 43.96 | ー | ー |
| DKK （Danish Krone） | 20.2549 | 24.17 | ー | ー |
| ZAR （South African Rand） | 7.1612 | 10.71 | ー | ー |
| FJD （Fiji Dollar） | 62.4703 | 87.23 | ー | ー |
| SAR （Saudi Arabian Riyal） | 37.4496 | 51.6 | ー | ー |
* See Reuters for market rates (Only AED, XPF, HUF, CZK, FJD and SAR refer to Google Mitt market rates).
*1 Same rate at Mizuho Bank counters and ATMs.
Except for IDR (Indonesian Rupiah), the currency exchange rates offered by Mizuho Bank turn out to be more beneficial than those at Travelex or SBJ Bank.
Furthermore, it has been determined that Travelex caters to the most diverse range of currencies amongst currency exchange providers.
Next, for a clearer understanding of fee differences, comparison of the respective currency exchange fees (also known as forex spreads) for each currency will be carried out.
Comparison of currency exchange fees at Haneda Airport
| Currency | First-ranked exchange agent | First-ranked exchange fee*1 | Lowest-ranked exchange fee*1 | Difference between Best and Worst FX Provider |
| USD （US Dollar） | Mizuho Bank | 1.3% | 4.1% | 2.8% |
| KRW （Korean Won） | Mizuho Bank | 6.6％ | 15.2％ | 8.6% |
| CNY （Chinese Yuan） | Mizuho Bank | 8.0% | 13.2% | 5.2% |
| EUR （Euro） | Mizuho Bank | 2.0% | 4.2% | 2.1% |
| GBP （British Pound） | Mizuho Bank | 5.5% | 8.2% | 2.7% |
| AUD （Australian Dollar） | Mizuho Bank | 9.3% | 11.5% | 2.3% |
| NZD (New Zealand Dollar） | Mizuho Bank | 11.3% | 13.2% | 1.9% |
| CAD （Canadian Dollar） | Mizuho Bank | 7.4% | 11.3% | 4.0% |
| SGD （Singapore Dollar） | Mizuho Bank | 3.9% | 8.6% | 4.7% |
| HKD （Hong Kong Dollar） | Mizuho Bank | 12.9% | 18.3% | 5.5% |
| TWD （Taiwanese Dollar） | Mizuho Bank | 10.0% | 15.0% | 5.0% |
| THB （Thai Baht） | Mizuho Bank | 11.4% | 14.8% | 3.5% |
| MYR （Malaysian Ringgit） | Mizuho Bank | 13.6% | 20.3% | 6.7% |
| IDR （Indonesia Rupiah） | Travelex | 28.6% | 47.7% | 19.1% |
| INR （Indian Rupee） | Travelex | 11.5% | 11.5% | 0.0% |
| AED （UAE Dirham） | Mizuho Bank | 12.3% | 24.2% | 11.9% |
| CHF （Swiss Franc） | Mizuho Bank | 2.5% | 5.8% | 3.3% |
| VND （Vietnam Dong） | SBJ Bank | 28.5% | 40.2% | 11.7% |
| PHP （Philippine Peso） | Mizuho Bank | 10.5% | 15.2% | 4.4% |
| BRL （Brazilian Reals） | Travelex | 47.9% | 47.9% | 0.0% |
| XPF （Thahitian Franc） | Travelex | 34.1% | 34.1% | 0.0% |
| SEK （Swedish Krona） | Travelex | 35.0% | 35.0% | 0.0% |
| HUF （Hungarian Forint） | Travelex | 33.4% | 33.4% | 0.0% |
| CZK （Czech Republic Koruna） | Travelex | 42.7% | 42.7% | 0.0% |
| NOK （Norwegian Kroner） | Travelex | 25.7% | 25.7% | 0.0% |
| MXN （Mexican Peso） | Travelex | 27.1% | 27.1% | 0.0% |
| PLN （Polish Zloty） | Travelex | 32.0% | 32.0% | 0.0% |
| DKK （Danish Krone） | Travelex | 19.3% | 19.3% | 0.0% |
| ZAR （South African Rand） | Travelex | 49.6% | 49.6% | 0.0% |
| FJD （Fiji Dollar） | Travelex | 39.6% | 39.6% | 0.0% |
| SAR （Saudi Arabian Riyal） | Travelex | 37.8% | 37.8% | 0.0% |
*1 Currency exchange fees: Percentage of fees added to the market rate.
The first value to note is the “First-ranked currency exchange fee.”
The currency exchange fees for USD (US Dollar) and EUR (Euro) are approximately less than about 2%, however, there are some currencies that have fees as high as 50%.
Especially, currencies only handled by Travelex tend to have higher currency exchange fee rate.
The next value to focus on is the “Difference between the first- and lowest-ranked currency exchange fees.“
Even when exchanging major currencies, there can be a difference of 2% to over 8%, depending on the choice of currency exchange provider.
For instance, the currency exchange fees for KRW (Korean Won) are compared, revealing an 8.6% difference between Mizuho Bank (first-ranked) and Travelex (lowest-ranked).
The Japanese yen required to receive 1,000,000 KRW
- Mizuho Bank : 1,000,000 KRW × 0.1134 JPY ＝ 113,400 JPY
- Travelex : 1,000,000 KRW × 0.1225 JPY ＝ 122,500 JPY
Even if you’re exchanging the same amount of 1,000,000 KRW, you can save up to 9,100 JPY with Mizuho Bank’s currency exchange service.
It’s advisable to minimize the amount of currency exchanges at the airport as much as possible and find optimal currency exchange providers for each specific currency.
Next, an explanation regarding the detailed locations, operating hours, and rate update schedules for each currency exchange provider will be provided.
Location, Operating hours, and Rate Updates of Currency Exchange Provider at Haneda Airport Terminal 3
Please check the Official Website for the detailed maps and opening hours for Haneda Terminal 1, Terminal 2 and Terminal 3.
1. Travelex – 3F, After Security Inspection
The operating hours for Travelex at “3F, After Security Inspection” are from 6:45 am to 11:00 pm.
Rate update
- On weekdays: Once every hour
- On weekends and holidays: Once a day
2. Travelex – 2F Arrival Lobby
The operating hours for Travelex at “2F Arrival Lobby” are from 7:15 am to 12:30 pm, 3:00 pm to 8:30 pm.
Rate Update
- On weekdays: Once every hour
- On weekends and holidays: Once a day
3. SBJ Bank – 3F, After Security Inspection
The operating hours for SBJ Bank at “3F, After Security Inspection” are from 7:00 am to 3:00 pm.
Rate Update
- On weekdays only : Once a day
*During weekends and holidays, due to the close of market activities, the rates applied are from the day before the holiday (usually Friday).
4. Mizuho Bank – 3F Departure Lobby
Mizuho Bank at “3F Departure Lobby” is open 24 hours a day. The above is the picture of automatic FX machine. To the rightside of this ATM Machine, there is a Mizuho Exchange Counter.
Rate Update
- On weekdays only : Once a day
*During weekends and holidays, due to the close of market activities, the rates applied are from the day before the holiday (usually Friday).
5. Foreign Currency Exchange Shop (Mizuho) – 3F, After Security Inspection
Foreign currency exchange shop (Mizuho) at “3F, After Security Inspection” is open 24 hours a day.
Rate Update
- On weekdays only : Once a day
*During weekends and holidays, due to the close of market activities, the rates applied are from the day before the holiday (usually Friday).
ATM (Mizuho) – 2F Arrival Lobby
The Mizuho ATM at 2F Arrival Lobby operates 24 hours a day. (This is not indicated on the map.)
Please refer to the T3 (Terminal 3) 2F for further information.
Rate Update
- On weekdays only : Once a day
*During weekends and holidays, due to the close of market activities, the rates applied are from the day before the holiday (usually Friday).
So far, the locations and operating hours of various currency exchange providers have been introduced. However, in most cases, the currency rates from Mizuho Bank provide better value.
When performing a currency exchange at Haneda Airport, consider using Mizuho Bank. (Although there are three currency exchange locations of Mizuho Bank, they all offer the same rates.)
Next, two other services called Revolut and Wise will be introduced. These services frequently prove to be a more cost-effective choice over other currency exchange providers.
【For Those Living in Japan】Revolut and Wise Exchange Rates: More Advantageous Than Many Currency Exchange Services
Revolut and Wise offer less than approximately 1% exchange rates for many currencies.
As both are accessible through free monthly plans, they are certainly worth considering for those planning to travel abroad.
Exclusive Offers Available
Summary of This Article
This article has discussed the preferred currency exchange providers at Haneda Airport. Here is a brief summary:
- Exchange rates at Haneda Airport tends to unfavorable.
- It is advisable to keep currency exchange at the airport to a minimum.
- The recommended currency exchange provider at Haneda Airport is “Mizuho Bank.”
- Travelex offers the most comprehensive selection of currencies.
- Depending on currencies, up to nearly 50 % exchange fee is added.
- There is a difference of between 2 and 8% or more in the exchange fees charged by the first- and lowest-ranked providers.
- Mizuho Bank operates 24 hours a day.
- Revolut and Wise offer less than approximately 1% exchange rates for many currencies.
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