Hello everyone!
In addition to my job in Japan I also work remotely for a company in the USA. Therefore each month I would like to exchange my pay in USD into JPY. What is the best way to go about this? Up until now, I have been simply withdrawing through my local 7-11 ATM. This works OK, however, each time I am charged with a $5 flat fee as well as a 3% fee from my US bank. Is there a better solution than this? Some ideas I have been considering are using forex exchanges (such as USForex, I have little understanding of the forex system however) and Bitcoin exchanges (Mt. Gox comes to mind, but that was shutdown after currency theft, so that is worrisome). Any thoughts on this?
In addition to my job in Japan I also work remotely for a company in the USA. Therefore each month I would like to exchange my pay in USD into JPY. What is the best way to go about this? Up until now, I have been simply withdrawing through my local 7-11 ATM. This works OK, however, each time I am charged with a $5 flat fee as well as a 3% fee from my US bank. Is there a better solution than this? Some ideas I have been considering are using forex exchanges (such as USForex, I have little understanding of the forex system however) and Bitcoin exchanges (Mt. Gox comes to mind, but that was shutdown after currency theft, so that is worrisome). Any thoughts on this?