EXCHANGE RATE
2009-09-29
I have a business trip to Japan starting tomorrow. The current exchange rate is about 90 Yen to US$1. Yen is very strong. This makes a can of Coke (120 yen) $1.33 equivalent. Hotel (New Otani, Tokyo) is about $255 which is not bad compared to hotels in New York.
Our company watch exchange rate very carefully because over 50% of revenue comes in Japanese yen. Higher Yen is not good for may travel, but it is good for my company.