Steven McGregor had planned his trip to the Rugby World Cup in Japan for almost a year. He had budgeted—saved—€17,000 for expenses while in Japan. But he had postponed exchanging the euros for Japanese yen (JPY or ¥)—until the very last minute on September 17th, doing it at Dublin Airport at JPY 119.23 = 1.00 EUR. Given the following average monthly exchange rates in 2019, when should he have exchanged the euros for yen to maximize his Japanese spending money?

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JRL = JRL = Month 1.00 EUR Month 1.00 EUR January 125.18 May 121.76 February 126.17 June 122.71 March 124.38 July 121.14 April 124.95 August 11702