Currency Exchange Rate: JPY To MXN

Convert: Japanese Yen to Mexican Peso

JPY arrow MXN

JPY  =  0.1484  MXN

JPY - Japanese Yen      JPY  =  0.14835  MXN      MXN - Mexican Peso

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Remittance JPY to MXN Exchange Rates
Company nameCurrencyRate
CurrencyTransfer1 JPY0.1826 MXN
Transferwise1 JPY0.1813 MXN
Xendpay1 JPY0.1811 MXN
OFX1 JPY0.1787 MXN
MoneyGram1 JPY0.1728 MXN

Today's Rates: 8/18/2022 1:51:53 PM brought you by RemitRardar

Exchange Rates

Exchange JPY to MXN
1 JPY0.14835 MXN
5 JPY0.74175 MXN
10 JPY1.48350 MXN
50 JPY7.41750 MXN
100 JPY14.83500 MXN
250 JPY37.08750 MXN
500 JPY74.17500 MXN
1,000 JPY148.35000 MXN
5,000 JPY741.75000 MXN
10,000 JPY1483.50000 MXN
50,000 JPY7417.50000 MXN
100,000 JPY14835.00000 MXN
500,000 JPY74175.00000 MXN
1,000,000 JPY148350.00000 MXN

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: 8/18/2022 1:51:53 PM brought you by RemitRardar
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Top JPY - Japanese Yen Exchange Rates


Today's Rates: 8/18/2022 1:51:53 PM brought you by RemitRardar
From1 JPY0.009270.007660.006680.693840.06020.011960.183920.44716

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