Currency Exchange Rate: JPY To PHP

Convert: Japanese Yen to Philippine Peso

JPY arrow PHP

50000  JPY  =  23139.5000  PHP

JPY - Japanese Yen      JPY  =  0.46279  PHP      PHP - Philippine Peso

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Remittance JPY to PHP Exchange Rates
Company nameCurrencyRate
Xendpay1 JPY0.4944 PHP
Transferwise1 JPY0.4919 PHP
XpressMoney1 JPY0.4918 PHP
Metro Remittance1 JPY0.491 PHP
MoneyGram1 JPY0.4851 PHP
OFX1 JPY0.4763 PHP

Today's Rates: 11/1/2020 12:57:02 AM brought you by RemitRardar

Exchange Rates

Exchange JPY to PHP
1 JPY0.46279 PHP
5 JPY2.31395 PHP
10 JPY4.62790 PHP
50 JPY23.13950 PHP
100 JPY46.27900 PHP
250 JPY115.69750 PHP
500 JPY231.39500 PHP
1,000 JPY462.79000 PHP
5,000 JPY2313.95000 PHP
10,000 JPY4627.90000 PHP
50,000 JPY23139.50000 PHP
100,000 JPY46279.00000 PHP
500,000 JPY231395.00000 PHP
1,000,000 JPY462790.00000 PHP

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: 11/1/2020 12:57:02 AM brought you by RemitRardar
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Top JPY - Japanese Yen Exchange Rates


Today's Rates: 11/1/2020 12:57:02 AM brought you by RemitRardar
From1 JPY0.008990.007730.0070.627280.061190.012270.170040.47943

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