Currency Exchange Rate: JPY To USD

JPY - Japanese YenConvert: Japanese Yen to US Dollar

1 JPY = 0.0089 USD

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Remittance JPY to USD Exchange Rates:
Company name:Currency:Rate:
Xendpay1 JPY0.0093 USD
XpressMoney1 JPY0.0093 USD
WorldRemit1 JPY0.0092 USD
Transferwise1 JPY0.0092 USD
OFX1 JPY0.0092 USD
MoneyGram1 JPY0.0092 USD

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.

JPY Stats:

Name: Japanese Yen

Symbol: ¥ Sen: sen

Minor Unit: 0.01 = Sen

Central Bank Rate: 0.000 %

Top JPY Conversion: JPY/USD

Top JPY Chart: JPY/USD Chart

JPY Profile:

Inflation: 0.3%

Nicknames:

Coins:
Frequently Used: ¥1,¥5,¥10,¥50,¥100,¥500
Rarely Used:

Banknotes:
Frequently Used: ¥1000,¥2000,¥5000,¥10000
Rarely Used:

Central Bank:
Bank of Japan
www.boj.or.jp

Users: Japan, Zimbabwe

Source

Exchange Rates

Exchange JPY to USD
JPYUSD
1 JPY0.00892 USD
5 JPY0.04460 USD
10 JPY0.08920 USD
50 JPY0.44600 USD
100 JPY0.89200 USD
250 JPY2.23000 USD
500 JPY4.46000 USD
1,000 JPY8.92000 USD
5,000 JPY44.60000 USD
10,000 JPY89.20000 USD
50,000 JPY446.00000 USD
100,000 JPY892.00000 USD
500,000 JPY4460.00000 USD
1,000,000 JPY8920.00000 USD
The Top Currencies
Country Currency Name Currency Code
Today's Rates: 11/19/2017 1:12:29 AM brought you by RemitRardar
US DollarUSD
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Australian DollarAUD
Mexican PesoMXN
Philippine PesoPHP
Japanese YenJPY
Top JPY - Japanese Yen Exchange Rates

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Today's Rates: 11/19/2017 1:12:29 AM brought you by RemitRardar
1 JPY0.008920.007560.006750.5790.059110.011790.168740.45338
Inverse:112.10762132.27513148.148151.7271216.9176184.817645.926282.20566