Japanese Yen

JPY Japanese Yen exchange rates

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a “dirty float” regime. This intervention continues until today. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985, temporarily changed this situation; from its average of ¥239 per US$1 in 1985, to ¥128 in 1988, and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

JPY Japanese Yen exchange rates

Japanese Yen Converter Close Change Return
1 JPY to USD 0.0093 trending_flat 0.0000 0.0000%
1 JPY to EUR 0.0082 trending_flat 0.0000 0.0000%
1 JPY to GBP 0.0074 trending_flat 0.0000 0.0000%
1 JPY to INR 0.6361 trending_flat 0.0000 0.0000%
1 JPY to AUD 0.0132 trending_flat 0.0000 0.0000%
1 JPY to CAD 0.0121 trending_flat 0.0000 0.0000%
1 JPY to ZAR 0.1303 trending_flat 0.0000 0.0000%
1 JPY to NZD 0.0139 trending_flat 0.0000 0.0000%

JPY Japanese Yen exchange rate chart analysis

A market-based JPY Japanese Yen exchange rate will change whenever the values of either of the two component currencies change. JPY Japanese Yen will tend to become more valuable whenever demand for it is greater than the available supply. JPY Japanese Yen will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).

JPY Japanese Yen Wikipedia trends analysis

20.7 Thousand
Disclamer: Japanese Yen Wikipedia trends analysis are just the estimation based on publicly available information on Japanese Yen's Wikipedia page. It should only be used to provide some guidelines around how popular Japanese Yen is on Wikipedia's platform. Sometimes, it is also useful to be used as Japanese Yen Wikipedia trend predictions and forecasts.

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JPY Japanese Yen conversion trends analysis

Query Country City Time
37 BTC TO PHP New Zealand Whangarei 3 minutes
1 lakh INR TO USD United States Larkspur 4 minutes
100 Baisa OMR TO PKR Islamic Republic of Pakistan Lahore 11 minutes
100 cto pybjien USD TO EUR United States Mount Vernon 11 minutes
r900 ZAR TO USD Republic of Zimbabwe Harare 15 minutes
100 USD TO EUR United States Minneapolis 21 minutes
100 USD TO EUR United States Minneapolis 21 minutes
100 USD TO EUR United States Minneapolis 21 minutes
100 BAISA OMR TO AED United Arab Emirates Dubai 36 minutes
100 USD TO EUR United States Downey 37 minutes
100 BAISA OMR TO AED United Arab Emirates Dubai 38 minutes
4000 MOP TO PHP Republic of the Philippines Alos 41 minutes
39900 KRW TO HKD United States Chicago about 1 hour
100 cto pygnen USD TO EUR United Kingdom of Great Britain and Northern Ireland Leyton about 1 hour
1 lakh INR TO MUR Republic of Mauritius Quatre Bornes about 1 hour
669 JMD TO USD United States about 1 hour
1 milliard toman USD TO EUR United States Atlanta about 1 hour
1 milliard toman USD TO EUR United States Atlanta about 2 hours
100 BDT TO OMR Bangladesh Dhaka about 2 hours
100 Baisa OMR TO BDT Bangladesh Dhaka about 2 hours

JPY Japanese Yen converter

Disclamer: JPY Japanese Yen converter is provided to give you some guidence about how to convert JPY Japanese Yen into other currencies based on the exchange rates today. You might need to find local forex traders to do the actual conversion.

JPY Japanese Yen ratings

Disclamer: Japanese Yen ratings are calculated by comparing Japanese Yen's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with other currencies in the world. Generally speaking, the bigger the hexagon is, the higher Japanese Yen ratings should be on the internet!