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Recently, the USD to JPY exchange rate has reached 4.85, up more than 8% from 4.46 at the beginning of the year. Many people are starting to seriously consider exchanging for Japanese Yen. Whether planning a trip to Japan, purchasing on behalf of others, or looking to allocate funds into this major safe-haven currency, the key question remains the same—how to exchange at the lowest cost?
We have summarized the four most mainstream currency exchange channels in Taiwan, using real market prices to reveal the hidden costs of each method, ensuring you don't spend a single unnecessary dollar.
Why focus on the Yen now?
When it comes to foreign currency exchange, many people's first reaction is the Yen, but the real reasons are much more complex than just "wanting to visit Japan."
Daily life aspect: Most businesses in Japan still rely on cash payments (credit card penetration is only 60%), and activities like purchasing on behalf of others, online shopping, studying abroad, and part-time work all require frequent use of Yen.
Financial investment aspect: The Yen, along with the USD and Swiss Franc, is one of the three major safe-haven currencies. Whenever the global market experiences volatility, capital

Nanya Technology (2408) became the market focus today. Driven by optimistic expectations from Micron, the stock price surged to a historic high of 190 NT dollars during the trading session, closing at 189 NT dollars, a single-day increase of 7.08%, with trading volume also expanding to 117,000 shares. This wave of growth is not a fleeting phenomenon; it conceals a deep restructuring of the supply and demand landscape in the memory industry.
1B process enters capacity release phase, ASP elasticity creates a rare ten-year record
The core driver behind Nanya Technology's recent rise is the official profitability of its self-developed second-generation 10-nanometer class process (1B). According to the latest statistics, products using the 1B process already account for over 30% of Nanya Technology's bit output in 2025, with 16Gb DDR5 5600 specifications supplied stably, and even higher-speed 6400 MT/s versions in the verification sprint stage.
While competing with international giants, Nanya Technology successfully maintains its DDR4 pricing advantage and narrows the gap in DDR5 process落

As of December 2025, the Taiwanese dollar has risen to a critical level of 4.85 against the Japanese yen. Compared to 4.46 at the beginning of the year, the yen has appreciated by 8.7%. This market trend has attracted many people to seriously consider currency exchange or investing in yen. But the question is: how exactly should one exchange currency to avoid losing money to exchange rate spreads and fees?
Why has exchanging yen become a hot topic now?
The yen is not just pocket money for travel; it is also one of the world's three major safe-haven currencies. From the perspective of Taiwanese daily needs, whether it's shopping in Japan, purchasing via proxy, studying abroad, or seeking hedging tools against Taiwan stock market fluctuations from an asset allocation standpoint, the yen plays an important role.
Especially against the backdrop of increasing pressure for the Taiwanese dollar to depreciate, many investors have started allocating part of their funds into yen, hoping to benefit from currency appreciation and low-interest arbitrage. Data shows that Taiwan's currency exchange demand in the second half of the year has grown by 25% compared to the first half, mainly driven by the recovery of tourism.

When it comes to investment scams, one name always comes up—Ponzi schemes. This ancient and stubborn form of fraud has been playing out in financial markets for over 100 years, from Wall Street to blockchain. No matter how times change, it reappears in different forms, and the list of victims continues to grow.
How does a Ponzi scheme work? Starting with an Italian con artist
This legendary financial scam originated from an Italian-American con artist named Charles Ponzi. In 1903, after sneaking into the United States, he went through various ups and downs, working as a painter, laborer, and more. He was imprisoned in Canada for forgery and detained in Atlanta for human trafficking. After a series of failures, Ponzi discovered the fastest way to make money—financial fraud.
In 1919, just after the end of World War I, the global economy was in chaos. Ponzi saw this opportunity and claimed he could buy European postal notes and resell them to the United States.

When investors cannot find their desired assets on mainstream exchanges, the over-the-counter (OTC) market becomes another window of opportunity. As an essential part of the global financial system, OTC markets attract countless investors with their flexibility and diversity, but hidden risks should not be overlooked. What exactly is over-the-counter trading? How does it work? What are the fundamental differences from on-exchange trading? This article will provide an in-depth analysis.
Core Definition and Characteristics of Over-the-Counter Trading
Over-the-counter (OTC) trading refers to the behavior of investors bypassing centralized exchanges and directly buying and selling securities and financial products through decentralized channels such as banks, brokerages, phone, and electronic systems. This type of trading is also known as "over-the-counter trading" or "OTC trading."
Unlike prices generated by unified market auction in on-exchange trading, OTC trading prices are entirely negotiated and determined by both parties. The counterparties are diverse — they may be

Are you aware of the hidden costs of investing in stocks?
Many investors focus only on stock price fluctuations when buying and selling stocks, but they overlook the various fees incurred during the trading process. In fact, to accurately calculate whether a stock has truly yielded a profit, it is essential to understand the cost structure involved in each transaction.
The costs associated with stock trading mainly consist of broker commissions and exchange fees. These fees vary significantly depending on the trading region. For example, in the Taiwan market, investors need to pay a 0.1425% brokerage commission and a 0.30% transaction tax; whereas in the US stock market, due to different trading methods, the cost structure is entirely different.
Taiwan Stock Market: Cost Structure and Calculation Methods
When trading in the Taiwan stock market, the main costs include two items: brokerage commissions and transaction taxes. Commissions are charged at the time of purchase, while transaction taxes are only levied when selling.
Cost Calculation Formula:
- Purchase Cost = Transaction

The NT dollar to Japanese Yen exchange rate has reached 4.85, up from 4.46 at the beginning of the year, an accumulated appreciation of 8.7%. Many people are starting to consider exchanging for Yen. But do you know? Just choosing the wrong exchange channel can cost you an extra 1,500 to 2,000 NT dollars on a 50,000 NT dollar transaction. Today, we'll help you calculate the latest exchange rates clearly.
Four ways to exchange Yen, with significantly different costs
Many people think that exchanging Yen is as simple as going to a bank counter to withdraw cash, but in fact, the exchange rate and handling fees vary greatly across channels. Based on the bank rates as of December 10, 2025, we analyze each method.
Method 1: Direct cash exchange at the counter, the most traditional but most expensive
Bringing cash NT dollars to the bank counter or airport to exchange for Yen cash is the most common method. However, the "cash selling rate" is usually 1-2% worse than the spot market rate, and some banks also charge handling fees. Exchanging 50,000 NT dollars this way could result in a loss of 1,500 to 2,000 NT dollars.

Futures trading may seem complicated, but at its core, it revolves around five key steps: "Open, Hold, Close, Explode, Turn." If you don't understand these concepts clearly, it's easy to suffer losses in the market. Today, from a trader's perspective, we'll analyze each step one by one.
Understand the Beginning and End of Trading
Opening and closing positions are two ends of trading, and both are indispensable.
Opening a position means you decide to enter the market by buying or selling a certain commodity, stock, or futures contract. At this point, you have a position, but you haven't yet confirmed profit or loss—because the market is still fluctuating. Only when you close the position (end this trade by selling all or part of it and buying back, or vice versa) can you lock in the final profit or loss.
For example, you are optimistic about Apple stock AAPL, so you buy 100 shares. This is opening a position. Afterwards, the stock price may go up or down, but as long as you still hold these 100 shares, the position remains "unclosed." Only when you sell all 100 shares does the trade conclude.

Why Do Non-Farm Payrolls Data Influence Global Financial Markets?
To seize opportunities in the financial markets, you first need to understand a key indicator—the Non-Farm Payrolls (NFP) data. This report, released monthly by the U.S. Bureau of Labor Statistics, has long been a closely watched barometer among global investors. Why? Because it directly reflects the health of the U.S. economy, and when the U.S. economy moves, the entire global market tends to shake.
When the Non-Farm Payrolls data perform strongly, the U.S. stock market may rise, the dollar may appreciate, and even cryptocurrency prices can be affected. Conversely, if the data fall short of expectations, investor confidence can be undermined, leading to shifts in capital flows. That’s why many traders prepare thoroughly before the NFP release.
What Are Non-Farm Employment and Related Indicators?
Non-Farm Payrolls data are actually divided into two levels of indicators, which investors need to understand separately.
Major Non-Farm (Official)

The True Reasons Behind the South African Rand's Continued Decline
In the foreign exchange market, the performance of the South African Rand (ZAR) has long been a headache for investors. Unlike other emerging market currencies, the Rand is not simply falling but oscillating within a long-term depreciation channel. Behind this are complex economic and political factors driving the trend.
The South African Rand is defined by the market as a "risk currency," meaning that when the global financial environment becomes uncertain, capital tends to withdraw from South Africa. Over the past few years, aggressive Federal Reserve rate hikes, global banking crises, and recession fears have all put immense downward pressure on the Rand.
Core Drivers Behind the South African Rand's Decline
Government Debt and Interest Rate Dilemma
The latest budget data released by South Africa's Treasury shows that the government deficit is widening, and the debt burden continues to grow. More concerning is that core inflation data has started to decline, indicating that the South African Reserve Bank may move towards cutting interest rates.

Key Dates for CPI Announcements and Market Reactions
The US Consumer Price Index (CPI), one of the most closely watched economic indicators worldwide, directly influences financial market volatility depending on its release timing. CPI is typically announced on the first business day of each month or the nearest business day, with specific times varying due to daylight saving time—at 20:30 Taiwan time during daylight saving time, and at 21:30 during standard time.
Why are markets so sensitive to CPI announcement times? Because US CPI data is released before the PCE data, which is the primary reference for the Federal Reserve's policy decisions. Every decision made by the Fed ultimately impacts global asset prices, so investors tend to stay highly alert around CPI release times.
The full 2024 CPI announcement schedule (Taiwan time) is as follows: January 11 at 21:30, February 13 at 21:30, March 12 at

Overview of Currency Symbols Used in Over 30 Countries
In international financial transactions, quickly identifying different countries' currency symbols is crucial. Symbols not only save the hassle of writing out full names but also allow traders to grasp price information instantly. For example, seeing "$" usually makes us think of the US dollar, but in fact, it is used by over 30 countries; similarly, "￥" represents different currencies in Japan and China.
Below is a quick reference table of major trading currency symbols:
| Continent | Country | Currency | Code | Symbol |
|------------|---------|----------|-------|--------|
| Americas | USA | US Dollar | USD | $ |
| | Canada | Canadian Dollar | CAD | $ |
| | Brazil | Brazilian Real | BRL | R$ |
| Asia | China |

On December 10, 2025, the exchange rate of the New Taiwan Dollar (NTD) against the Japanese Yen (JPY) rose above 4.85, up 8.7% from 4.46 at the beginning of the year. For many people, this is a good time to exchange for Yen—whether for traveling abroad or for asset allocation while the NTD depreciates. But the question is, what is the best way to exchange to minimize costs?
Why is it worth exchanging for Yen?
In Taiwan's foreign currency market, the Yen has always been favored. This is not only because of the popularity of travel to Japan but also due to the Yen's intrinsic investment value.
As one of the world's three major safe-haven currencies (the other two are the US Dollar and Swiss Franc), the Yen often appreciates countercyclically during global market turbulence. During the Russia-Ukraine conflict in 2022, the Yen appreciated by 8% in a single week, helping safe-haven investors cut losses when the stock market fell by 10%. For Taiwanese investors, holding Yen is not just for leisure but also for hedging against fluctuations in the Taiwan stock market.
From an interest rate perspective, Japan's long-term

The Core Concepts and Industry Chain of Networking Stocks
Networking stocks refer to publicly listed companies involved in internet communication businesses. The internet communication industry is closely related to hardware devices and technologies connected to the internet. Common networking devices include routers, set-top boxes, and other core equipment.
The industry chain has a complete structure: upstream consists of various communication terminal component suppliers, such as microprocessors, network ICs, etc.; downstream includes terminal application product providers, including wireless communication equipment and telecommunications services. Specifically:
The upstream layer covers plastic/metal casings, passive and active components, other components, printed circuit boards, network ICs, microprocessors, and memory. The downstream layer includes wireless communication equipment, wired communication equipment, fiber optic communication devices, cables, telecommunications services, and network equipment.
With the rapid development of 5G and the Internet of Things industry, the internet communication industry is entering a period of rapid growth. According to market research data, in 2022, the global communication market

Currently, the Taiwan dollar has depreciated to 4.85 against the Japanese yen. Is this wave really a good deal?
As of today (December 10, 2025), the Taiwan dollar has reached 4.85 against the yen, an appreciation of about 8.7% compared to 4.46 at the beginning of the year. But what does this number really represent? For those of you considering currency exchange, is now the right time to enter or is it blindly risky?
Instead of stressing over timing, it's better to understand why you want to exchange yen in the first place.
Yen: More than just a travel currency, it's also a safe-haven asset
Many people think exchanging yen is simply for shopping in Tokyo, Osaka, or paying cash during skiing trips in Hokkaido. But in reality, the role of the yen in financial markets is far more significant than you might imagine.
From a risk-hedging perspective, the yen is one of the world's three major safe-haven currencies, alongside the US dollar and Swiss franc. When the market is turbulent, funds tend to flow into the yen for safety—during the Russia-Ukraine conflict in 2022, the yen appreciated 8% in a week, while the stock market fell 10%. For Taiwanese investors

Tech Giants Lead Rebound as AI Chipmakers Turn Market Expectations Around
This week’s stock market experienced a significant turning point. US artificial intelligence chipmaker NVIDIA delivered impressive results for the third quarter, easing market concerns about an AI industry bubble and serving as a catalyst for the market’s rebound. According to the financial report, NVIDIA’s net profit for the third quarter reached $31.91 billion, a year-over-year growth rate of 65%; revenue totaled $57.01 billion, surpassing analyst expectations. Notably, the highly watched data center business revenue reached $51.2 billion, a substantial year-over-year increase of 66%.
CEO Jensen Huang revealed at the earnings conference that Blackwell architecture sales far exceeded expectations, with all GPU sales for cloud computing sold out, indicating a supply-demand imbalance. The group is even more optimistic, expecting fourth-quarter revenue to reach $65 billion, with gross profit margins maintained at a high level between 74.8% and 75.0%. CFO

Silver market outlook in 2025 will trigger an investment frenzy. The latest spot price has surged to a historic high of $83.645 per ounce, with an annual increase of over 140%, making it one of the most remarkable assets. This rally has far outpaced gold and tech stocks, prompting many investors to seriously consider getting involved.
In the face of this silver price surge, silver ETFs have quickly become the most convenient entry point for retail investors. Compared to the hassle of physical silver, ETFs allow investors to participate easily through their brokerage accounts, just like trading stocks. However, before deciding to buy, you need to understand the market mechanisms, risks, and options.
Why is silver prices rising so sharply? Clarifying the underlying market logic
The factors driving this silver price increase are multiple: expectations of Federal Reserve rate cuts, tight global silver supply, strong industrial demand (solar energy, semiconductors, etc.), plus the U.S. government officially listing silver as a critical mineral. These factors

The NT dollar to Japanese Yen has risen to a level of 4.85, prompting many to start planning trips to Japan or currency allocations. However, the cost of currency exchange is often overlooked—just choosing the wrong channel can cost you thousands of dollars more. This article evaluates four major currency exchange options to help you find the most suitable method for your needs.
Why is it worth exchanging for Yen? A comprehensive analysis of investment and lifestyle aspects
In Taiwan's foreign currency market, the Japanese Yen has long held a significant position. Besides travel and shopping, it also has potential for financial hedging.
Daily needs: Traveling abroad, purchasing on behalf of others, studying abroad, and working part-time
Many people discover only when traveling to Japan that shopping districts in Tokyo and Osaka still primarily use cash (credit card penetration is only 60%), making it necessary to exchange cash in advance. Additionally, those buying Japanese cosmetics, clothing, or anime merchandise for others often need to make international transfers directly in Yen. For those planning long-term residence or working holidays, exchanging currency in advance and locking in the exchange rate