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【Travel to Japan】 Recommended Currency Exchange Services at Haneda Airport (Foreign Currency ⇒ JPY)
2023-11-01
“Do I need to carry Japanese yen in cash when traveling in Japan, or can I rely on my credit card for all transactions?”
Many people planning a trip to Japan may have this question.
The cashless payment ratio in Japan is only 36%.
In many areas such as when purchasing public transportation cards (like PASMO and ICOCA) and in rural regions, many places do not accept credit cards.
If you do not exchange your currency for Japanese yen at the Airport, you may face payment issues during the trip.
This article discusses the recommended currency exchange services at Haneda Airport.
If you wish to exchange money at Haneda Airport and save on service fees, please read through this article.
Conclusion of this Article
- For Major Currencies, Mizuho Bank is recommended for Exchanging Money at Haneda Airport
Related Articles
【During a trip to Japan】Recommended Currency Exchange Services at Haneda Airport｜Exchange Rates and Fees by Currency
The recommended currency exchange services at Haneda Airport varies depending on the currency.
This article presents the results of an fee investigation for each currency exchange service located in the Third Terminal of Haneda Airport.
Please use this as a reference to exchange your country’s currency to Japanese yen without incurring any extra costs.
What are the foreign exchange fees incurred at Haneda Airport?
The fee structure at general currency exchange services and those at Haneda airport differ as below.
| Typical Currency Exchange Services | Foreign Currency Exchange Fee = Service Charge + Exchange Rate |
| Currency Exchange Service at Haneda Airport | Foreign Currency Exchange Fee = Exchange Rate ※All fees are included in the Exchange Rate itself |
At Haneda Airport’s currency exchange services, the service charge is included in the exchange rate.
This means that you can make your decision based on the exchange rate offered by each currency exchange service, making it easy to compare.
In the section “Exchange Rate Comparison“, you can compare the exchange rates of different currency exchange counters.
Traveling in Japan | “Mizuho Bank” is recommended for Exchanging Major Currencies at Haneda Airport
If you want to exchange your currency into Japanese yen at Haneda airport, Mizuho Bank is recommended.
As a result of comparing currency exchange rates at Haneda Airport’s foreign currency exchange services, Mizuho Bank has the lowest fees for many currencies.
While the SBJ bank has the best exchange rate for the US dollar, it is hardly different, and you cannot use the SBJ bank while entering Japan, it is only available when exiting or flying out of Japan.
If you’re dealing with major currencies such as the US dollar, Euro or South Korean Won, consider currency exchange services at Mizuho Bank.
Mizuho Bank has two locations available for use before departure and after arrival in Haneda Airport’s third terminal, but the recommended one is the conveniently located “Mizuho Bank Currency Exchange: 2F Arrival Lobby”.
Comparing Exchange Rates
This is the result of thorough research and comparison of the exchange rates at Haneda Airport’s currency exchange services.
The higher the exchange rate shown in the table, the lower the handling fee as it is closer to the market rate, indicating a better deal.
| Currency | Market Rate | Travelex | Mizuho Bank | SBJ Bank |
| USD （US Dollar） | 140.725 | 130.91 | 137.17 | 137.23 |
| KRW （South Korean Won） | 0.10635 | 0.0791 | 0.0974 | 0.0972 |
| CNY （Chinese Yuan） | 19.9195 | 17.06 | 17.91 | 17.62 |
| EUR （Euro） | 150.86 | 140.99 | 145.95 | 144.59 |
| GBP （British Pound） | 173.75 | 149.85 | 161.31 | 158.21 |
| AUD （Australian Dollar） | 91.8 | 78.26 | 81.3 | 81.26 |
| NZD （New Zealand Dollar） | 85.12 | 66.71 | 74.72 | ー |
| CAD (Canadian Dollar) | 103.41 | 82.91 | 93.82 | 93.74 |
| SGD （Singapore Dollar） | 103.98 | 89.12 | 98.39 | 95.45 |
| HKD （Hong Kong Dollar） | 17.9653 | 14.01 | 15.42 | 13.66 |
| TWD （Taiwanese Dollar） | 4.5839 | 3.48 | 4.04 | 3.72 |
| THB （Thai Baht） | 4.0496 | 2.96 | 3.55 | 3.27 |
| MYR （Malaysian Ringgit） | 30.5856 | 20.28 | 25.74 | 24.8 |
| IDR （Indonesia Rupiah） | 0.0094095 | 0.0047 | 0.0064 | 0.0053 |
| INR （Indian Rupee） | 1.7042 | 1.36 | ー | ー |
| AED （UAE Dirham） | 38.24 | 29.34 | 33.21 | 33.01 |
| CHF （Swiss Franc） | 155.43 | 140.62 | 149.55 | 146.31 |
| VND （Vietnam Dong） | 0.005993 | 0.0039 | ー | 0.0043 |
| PHP （Philippine Peso） | 2.5163 | 2.14 | 2.19 | 2.1 |
| BRL （Brazilian Reals） | 28.178 | 13.86 | ー | ー |
| XPF （Thahitian Franc） | 1.2579 | 0.9372 | ー | ー |
| SEK （Swedish Krona） | 13.284 | 7.43 | ー | ー |
| HUF （Hungarian Forint） | 0.4048 | 0.25 | ー | ー |
| CZK （Czech Republic Koruna） | 6.3498 | 4.31 | ー | ー |
| NOK （Norwegian Kroner） | 12.6933 | 9.75 | ー | ー |
| MXN （Mexican Peso） | 7.98555 | 4.06 | ー | ー |
| PLN （Polish Zloty） | 33.30065 | 24.44 | ー | ー |
| DKK （Danish Krone） | 20.2549 | 16.53 | ー | ー |
| ZAR （South African Rand） | 7.1612 | 3.53 | ー | ー |
| FJD （Fiji Dollar） | 62.4703 | 45.04 | ー | ー |
| SAR （Saudi Arabian Riyal） | 37.4496 | ー | ー | ー |
* See Reuters for market rates (Only AED, XPF, HUF, CZK, FJD and SAR refer to Google Mitt market rates).
* Same rate at Mizuho Bank counters and ATMs.
The results identified that Mizuho Bank offers less expensive processing fees for currency exchange for all currencies, excluding USD (US Dollars), IDR (Indonesian Rupia), and AUD (Australian Dollars).
However, as mentioned before, SBJ Bank cannot be utilized when entering Japan. Therefore, the most cost-effective currency exchange service for USD and AUD also belongs to Mizuho Bank.
Meanwhile, the survey results indicated that Travelex has the broadest range of foreign currency handling.
During a trip to Japan, generally speaking, the preferable choice for performing a currency exchange at Haneda Airport would be Mizuho Bank. However, if exchanging minor currencies, Travelex may be the better option.
Currency Exchange Fee Comparison in Fee Percentage
Next, let’s compare how much each currency exchange service is charging in terms fee percentage.
| Currency | Best-Ranked Exchange Rate Agent | Best-Ranked Exchange Fee | Worst-Ranked Exchange Fee | Difference between Best and Worst FX Fees |
| USD （US Dollar） | SBJ Bank | 2.5% | 7.0% | 4.5% |
| KRW （South Korean Won） | Mizuho Bank | 8.4％ | 25.6％ | 17.2% |
| CNY （Chinese Yuan） | Mizuho Bank | 10.1% | 14.4% | 4.3% |
| EUR （Euro） | Mizuho Bank | 3.3% | 6.5% | 3.2% |
| GBP （British Pound） | Mizuho Bank | 7.2% | 13.8% | 6.6% |
| AUD （Australian Dollar） | Mizuho Bank | 11.4% | 14.7% | 3.3% |
| NZD （New Zealand Dollar） | Mizuho Bank | 12.2% | 21.6% | 9.4% |
| CAD (Canadian Dollar) | Mizuho Bank | 9.3% | 19.8% | 10.5% |
| SGD （Singapore Dollar） | Mizuho Bank | 5.4% | 14.3% | 8.9% |
| HKD （Hong Kong Dollar） | Mizuho Bank | 14.2% | 24.0% | 9.8% |
| TWD （Taiwanese Dollar） | Mizuho Bank | 11.9% | 24.1% | 12.2% |
| THB （Thai Baht） | Mizuho Bank | 12.3% | 26.9% | 14.6% |
| MYR （Malaysian Ringgit） | Mizuho Bank | 15.8% | 33.7% | 17.9% |
| IDR （Indonesia Rupiah） | Travelex | 32.0% | 50.1% | 18.1% |
| INR （Indian Rupee） | Travelex | 20.2% | 20.2% | 0.0% |
| AED （UAE Dirham） | Mizuho Bank | 13.2% | 23.3% | 10.1% |
| CHF （Swiss Franc） | Mizuho Bank | 3.8% | 9.5% | 5.7% |
| VND （Vietnam Dong） | SBJ Bank | 28.2% | 34.9% | 6.7% |
| PHP （Philippine Peso） | Mizuho Bank | 13.0% | 16.5% | 3.5% |
| BRL （Brazilian Reals） | Travelex | 50.8% | 50.8% | 0.0% |
| XPF （Thahitian Franc） | Travelex | 25.5% | 25.5% | 0.0% |
| SEK （Swedish Krona） | Travelex | 44.1% | 44.1% | 0.0% |
| HUF （Hungarian Forint） | Travelex | 38.2% | 38.2% | 0.0% |
| CZK （Czech Republic Koruna） | Travelex | 32.1% | 32.1% | 0.0% |
| NOK （Norwegian Kroner） | Travelex | 23.2% | 23.2% | 0.0% |
| MXN （Mexican Peso） | Travelex | 49.2% | 49.2% | 0.0% |
| PLN （Polish Zloty） | Travelex | 26.6% | 26.6% | 0.0% |
| DKK （Danish Krone） | Travelex | 18.4% | 18.4% | 0.0% |
| ZAR （South African Rand） | Travelex | 50.7% | 50.7% | 0.0% |
| FJD （Fiji Dollar） | Travelex | 27.9% | 27.9% | 0.0% |
| SAR （Saudi Arabian Riyal） | Travelex | ー | ー | ー |
For major currencies such as the USD (US Dollar) and EUR (Euro), the “number one exchange rate” is found to have a low commission of approximately 2-3%.
On the other hand, minor currencies like the BRL (Brazilian Real) and ZAR (South African Rand) incur high currency exchange rates, as much as 50%.
Currencies that are only handled by Travelex tend to have higher currency exchange fees.
Focusing on the “difference between the top and bottom rates,” it is noticeable that even for well-known currencies, the choice of currency exchange service can result in a fee difference of approximately 3-17%.
For instance, let’s compare the currency exchange fee for the South Korean Won, where the difference in rates between the first-ranked (Mizuho Bank) and lowest-ranked (Travelex) is 17.2%.
When exchanging 1,000,000 KRW (South Korean Won) to Japanese yen
- Mizuho Bank：1,000,000KRW×0.0974＝97,400 yen
- Travelex ：1,000,000KRW×0.0791＝79,100 yen
If you opt for Mizuho Bank for the currency exchange of 1,000,000 KRW, you will receive 18,300 yen more than you would at Travelex.
As shown above, even when exchanging the same amount, the fees differ depending on the currency exchange service, thus it’s advisable to select a service offering the lowest exchange rates.
Foreign Currency Exchange Service at Haneda Airport Terminal 3
| Exchange Currency Service | Floor | Location | Operating Hours |
| Mizuho Bank | 2F | Arrival Lobby | Open 24 hours |
| 3F | Departure Lobby | Open 24 hours | |
| Travelex | 2F | Arrival Lobby | 7:15 – 12:30, 15:00 – 20:30 |
The Haneda Airport Terminal 3 have three currency exchange services that are conveniently accessible following your travels in Japan. The service located in the 2F Arrivals Lobby of the Terminal is particularly recommended.
Mizuho Bank：2F Arrival Lobby
The Mizuho Bank Currency Exchange Shop, located in the 2F Arrivals lobby of the Terminal 3 at the Haneda Airport, can be found immediately to your left after immigration clearance.
Currency exchange rate updates
- Only on weekdays: Once a day
- Mizuho Bank’s rates can be found on Mizuho Bank’s currency exchange market.
- At Mizuho Bank’s currency exchange service located at Haneda Airport, in addition to the above rates, a discount will be applied:
・US Dollar (0.3 yen discount)
・Euro (2 yen discount)
・South Korean Won (0.7 yen discount per 100 won) - On weekends and holidays, because the market is closed, the currency exchange rate from the day before the holiday (usually Friday) is applied.
Travelex：2F Arrival Lobby
The operating hours for Travelex in “2F Arrival Lobby” of the Terminal 3 at the Haneda Airport is from 7:15 am to 12:30 pm, 3:00 pm to 8:30 pm.
Currency exchange rate updates
- Weekdays: Every hour
- Weekends and Holidays: Once a day
- Coupon 1・Coupon 2
- * It is unclear how much you can save, but coupons were posted on the Travelex website.
Frequently Asked Questions about Currency Exchange at Haneda Airport
Here we have compiled frequently asked questions on currency exchange at Haneda Airport.
If you find yourself with any questions or concerns, please refer to this guide.
How do I exchange my country’s currency into Japanese yen at Haneda Airport?
The procedure to exchange your country’s currency into Japanese yen at Haneda Airport is straightforward. Simply express your intent to exchange currency at the counter, and anyone can easily do it. Just show or say the below sentence.
※Usually, Exchange Service Staff can speak English
- In Japanese:
“円に両替したいです（えんに りょうがえ したい です）”
“Yen ni ryogae shitai desu” - Meaning in English: “Wish to exchange my money into Japanese Yen”
Depending on the currency exchange service, you may need to fill in a form with your name and flight information. If you’re exchanging a large amount, you may be asked to present your passport.
Can you exchange currency at Haneda Airport’s Terminal 2?
You can exchange foreign currency at the terminal 2 of Haneda Airport.
The currency exchange services at Haneda Airport Terminal 2 are as follows:
- SBJ Bank
- Mizuho Bank (Temporarily closed as of October 17, 2023)
- Travelex
- Japan Airport Building Currency Exchange Service
For more details, please check the official website of Haneda Airport.
Checking Today’s Exchange Rate at Haneda Airport?
The today’s exchange rate at Haneda Airport cannot be confirmed unless you actually visit the currency exchange service.
The airport exchange rate differs from the general currency exchange rate, and therefore, it cannot be confirmed on the Internet.
Although it’s not the exact rate, you can check the reference exchange rate below.
For currency exchange at Haneda Airport, if it is a major currency, Mizuho Bank is recommended.
Summary: Choose a currency exchange service with low exchange rates and fees at Haneda Airport
Cash is required for traveling in Japan. In this article, we have disclosed the results of an comprehensive comparison of exchange rates at the foreign currency exchange services at Haneda Airport.
Primarily, “Mizuho Bank” is recommended for currency exchange at Haneda Airport. For those looking to exchange less common currencies, Travelex might be a superior choice.
