Currency Exchange Rate: JPY To NGN

Convert: Japanese Yen to Nigerian Naira

JPY arrow NGN

JPY  =  3.6283  NGN

JPY - Japanese Yen      JPY  =  3.62834  NGN      NGN - Nigerian Naira

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Remittance JPY to NGN Exchange Rates
Company nameCurrencyRate
WorldRemit1 JPY3.3513 NGN
Xendpay1 JPY3.3193 NGN
XpressMoney1 JPY3.3069 NGN
MoneyGram1 JPY3.2506 NGN

Today's Rates: 5/24/2020 10:15:58 PM brought you by RemitRardar

Exchange Rates

Exchange JPY to NGN
JPYNGN
1 JPY3.62834 NGN
5 JPY18.14170 NGN
10 JPY36.28340 NGN
50 JPY181.41700 NGN
100 JPY362.83400 NGN
250 JPY907.08500 NGN
500 JPY1814.17000 NGN
1,000 JPY3628.34000 NGN
5,000 JPY18141.70000 NGN
10,000 JPY36283.40000 NGN
50,000 JPY181417.00000 NGN
100,000 JPY362834.00000 NGN
500,000 JPY1814170.00000 NGN
1,000,000 JPY3628340.00000 NGN

JPY Currency Details

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.

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Today's Rates: 5/24/2020 10:15:58 PM brought you by RemitRardar
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Japanese YenJPY
Top JPY - Japanese Yen Exchange Rates

To

USDEURGBPINRCNYAUDMXNPHP
Today's Rates: 5/24/2020 10:15:58 PM brought you by RemitRardar
From1 JPY0.008990.007730.0070.627280.061190.012270.170040.47943
Inverse:111.23471129.36611142.857141.5941816.3425481.499595.880972.08581

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You'll receive an alert when prices change a lot or better services appear.


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