Quote:
Originally Posted by RickOShay
It never got that low, where it is now is about as low as it ever got. Still I am totally loving sending cash home right now! I wish I would have waited to send the majority of what I had saved back now. But i do not beat myself up too much about it, nobody can predict exactly what will happen.
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The record low was 75 yen to the dollar, which is a bit lower than today's rate. When I add the typical transaction fee to one of my regular bank transfers I end up with 79 yen per dollar.
The exchange rate should stabilize a bit after the elections in November, the world markets are betting that the Obama administration will have to change it's economic policies if their party loses it's majority in Congress next month. Markets are already moving up in anticipation.