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 0.0091 trending_up 0.0001 1.4867%
1 JPY to EUR 0.0080 trending_up 0.0001 1.5640%
1 JPY to GBP 0.0069 trending_up 0.0001 1.8646%
1 JPY to INR 0.6275 trending_up 0.0117 1.8919%
1 JPY to AUD 0.0128 trending_up 0.0002 1.2258%
1 JPY to CAD 0.0122 trending_up 0.0002 1.9183%
1 JPY to ZAR 0.1305 trending_up 0.0009 0.7282%
1 JPY to NZD 0.0132 trending_up 0.0001 0.5060%

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
Characters
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.

Top 10 forex brokers

66

FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker, now run from London after being banned from United States markets for defrauding its customers. Its parent company,...

7132

TD Ameritrade is a brokerage firm based in Omaha, Nebraska. The letters TD are derived from Toronto-Dominion Bank, the largest shareholder. The company provides services for individuals and...

XM Satellite Radio (XM) was one of the three satellite radio (SDARS) and online radio services in the United States and Canada, operated by Sirius XM Holdings. It provided pay-for-service radio,...

Plus500 is a trading company providing online trading services to retail customers. The company was founded in 2008 and provides trading in CFDs on a range of financial services. The company's main...

Interactive Brokers LLC (IB) is a U.S.-based electronic brokerage firm. It is the largest U.S. electronic brokerage firm by number of daily average revenue trades, and is the leading forex broker....

58854

eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.

245

Saxo Bank is a Danish investment bank specializing in online trading and investment. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen,...

IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. While the...

ADS Securities LLC is a private financial services firm in Abu Dhabi that offers commodity trading (precious metals such as gold, platinum, silver, and palladium), foreign exchange, and multi-asset...

JPY Japanese Yen conversion trends analysis

Query Country City Time
100 baisa UGX TO OMR Republic of Uganda Kampala 13 minutes
100 Baisa OMR TO PKR Islamic Republic of Pakistan Karachi 13 minutes
100 Baisa OMR TO BDT Bangladesh Dhaka 16 minutes
100 baisa UGX TO OMR Republic of Uganda Kampala 30 minutes
170000 HKD TO CNY Federal Republic of Germany Berlin 31 minutes
100 Baisa OMR TO PKR Islamic Republic of Pakistan Rawalpindi 38 minutes
100 Baisa OMR TO BDT Bangladesh Dhaka 39 minutes
3200 OMR TO INR Republic of India Ernākulam 42 minutes
100 baisa OMR TO NPR Federal Democratic Republic of Nepal Kathmandu about 1 hour
100 Baisa OMR TO BDT Bangladesh Dhaka about 1 hour
100 Baisa OMR TO BDT Bangladesh Dhaka about 1 hour
195 USD TO INR Republic of Poland about 1 hour
100 Baisa OMR TO BDT Bangladesh Dhaka about 1 hour
1 JPY TO PHP Republic of the Philippines Pili about 1 hour
1 lapad PHP TO JPY Republic of the Philippines Pili about 1 hour
100 Baisa OMR TO PKR Islamic Republic of Pakistan Karachi about 1 hour
100 Baisa OMR TO BDT Bangladesh Dhaka about 1 hour
100 USD TO EUR Federal Republic of Germany Frankfurt am Main about 1 hour
100 Baisa OMR TO PKR Islamic Republic of Pakistan Lahore about 1 hour
208 EUR TO AED United Arab Emirates Dubai 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!