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Japanese Yen (JPY) Exchange Rates on 02nd February 2023 (02/02/2023)

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Exchange rates for Japanese Yen (JPY)

Updated: 2023-02-02
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY GBP GBP 0.0063 JPY to GBP 159.1466 GBP to JPY
JPY JPY BGN BGN 0.014 JPY to BGN 71.5523 BGN to JPY
JPY JPY HRK HRK 0.0548 JPY to HRK 18.2392 HRK to JPY
JPY JPY CZK CZK 0.168 JPY to CZK 5.9526 CZK to JPY
JPY JPY DKK DKK 0.0526 JPY to DKK 19.029 DKK to JPY
JPY JPY EEK EEK 0 JPY to EEK 0 EEK to JPY
JPY JPY HUF HUF 2.7511 JPY to HUF 0.3635 HUF to JPY
JPY JPY KZT KZT 3.5463 JPY to KZT 0.282 KZT to JPY
JPY JPY LVL LVL 0.0047 JPY to LVL 212.3427 LVL to JPY
JPY JPY LTL LTL 0 JPY to LTL 0 LTL to JPY
JPY JPY MKD MKD 0.4356 JPY to MKD 2.2959 MKD to JPY
JPY JPY MDL MDL 0.145 JPY to MDL 6.8984 MDL to JPY
JPY JPY NOK NOK 0.0769 JPY to NOK 13.0004 NOK to JPY
JPY JPY PLN PLN 0.0332 JPY to PLN 30.0917 PLN to JPY
JPY JPY RON RON 0.0347 JPY to RON 28.8346 RON to JPY
JPY JPY RUB RUB 0.5459 JPY to RUB 1.8319 RUB to JPY
JPY JPY SKK SKK 0 JPY to SKK 0 SKK to JPY
JPY JPY SEK SEK 0.0802 JPY to SEK 12.474 SEK to JPY
JPY JPY CHF CHF 0.0071 JPY to CHF 141.6109 CHF to JPY
JPY JPY TRY TRY 0.1465 JPY to TRY 6.8253 TRY to JPY
JPY JPY UAH UAH 0.2844 JPY to UAH 3.5161 UAH to JPY
Updated: 2023-02-02
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY ARS ARS 1.4579 JPY to ARS 0.6859 ARS to JPY
JPY JPY BOB BOB 0.0538 JPY to BOB 18.5897 BOB to JPY
JPY JPY BRL BRL 0.0394 JPY to BRL 25.4063 BRL to JPY
JPY JPY CAD CAD 0.0103 JPY to CAD 96.7399 CAD to JPY
JPY JPY KYD KYD 0.0064 JPY to KYD 155.8279 KYD to JPY
JPY JPY CLP CLP 6.1237 JPY to CLP 0.1633 CLP to JPY
JPY JPY COP COP 36.0017 JPY to COP 0.0278 COP to JPY
JPY JPY CRC CRC 4.2471 JPY to CRC 0.2355 CRC to JPY
JPY JPY DOP DOP 0.4367 JPY to DOP 2.2899 DOP to JPY
JPY JPY SVC SVC 0.0674 JPY to SVC 14.8421 SVC to JPY
JPY JPY FJD FJD 0.0169 JPY to FJD 59.2879 FJD to JPY
JPY JPY HNL HNL 0.1899 JPY to HNL 5.2665 HNL to JPY
JPY JPY JMD JMD 1.1802 JPY to JMD 0.8473 JMD to JPY
JPY JPY MXN MXN 0.1446 JPY to MXN 6.9153 MXN to JPY
JPY JPY ANG ANG 0.0139 JPY to ANG 72.0551 ANG to JPY
JPY JPY PYG PYG 56.5663 JPY to PYG 0.0177 PYG to JPY
JPY JPY PEN PEN 0.0296 JPY to PEN 33.7767 PEN to JPY
JPY JPY TTD TTD 0.0523 JPY to TTD 19.1364 TTD to JPY
JPY JPY USD USD 0.0078 JPY to USD 128.4439 USD to JPY
JPY JPY UYU UYU 0.2985 JPY to UYU 3.3501 UYU to JPY
JPY JPY VEF VEF 17397.5605 JPY to VEF 0.0001 VEF to JPY
Updated: 2023-02-02
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY AUD AUD 0.0109 JPY to AUD 91.8042 AUD to JPY
JPY JPY BDT BDT 0.8168 JPY to BDT 1.2243 BDT to JPY
JPY JPY BND BND 0.0101 JPY to BND 98.9215 BND to JPY
JPY JPY CNY CNY 0.0523 JPY to CNY 19.1385 CNY to JPY
JPY JPY INR INR 0.6367 JPY to INR 1.5706 INR to JPY
JPY JPY IDR IDR 115.689 JPY to IDR 0.0086 IDR to JPY
JPY JPY JPY JPY 1 JPY to JPY 1 JPY to JPY
JPY JPY MYR MYR 0.033 JPY to MYR 30.297 MYR to JPY
JPY JPY MVR MVR 0.1196 JPY to MVR 8.3622 MVR to JPY
JPY JPY NPR NPR 1.01 JPY to NPR 0.9901 NPR to JPY
JPY JPY NZD NZD 0.0119 JPY to NZD 83.9371 NZD to JPY
JPY JPY PKR PKR 2.0695 JPY to PKR 0.4832 PKR to JPY
JPY JPY PGK PGK 0.0271 JPY to PGK 36.8468 PGK to JPY
JPY JPY PHP PHP 0.4195 JPY to PHP 2.3838 PHP to JPY
JPY JPY SCR SCR 0.104 JPY to SCR 9.6135 SCR to JPY
JPY JPY SGD SGD 0.0102 JPY to SGD 98.5036 SGD to JPY
JPY JPY KRW KRW 9.4864 JPY to KRW 0.1054 KRW to JPY
JPY JPY LKR LKR 2.8182 JPY to LKR 0.3548 LKR to JPY
JPY JPY TWD TWD 0.2309 JPY to TWD 4.3313 TWD to JPY
JPY JPY THB THB 0.2548 JPY to THB 3.9249 THB to JPY
Updated: 2023-02-02
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY BHD BHD 0.0029 JPY to BHD 340.7208 BHD to JPY
JPY JPY EGP EGP 0.2352 JPY to EGP 4.2522 EGP to JPY
JPY JPY HKD HKD 0.0611 JPY to HKD 16.38 HKD to JPY
JPY JPY ILS ILS 0.0269 JPY to ILS 37.2102 ILS to JPY
JPY JPY JOD JOD 0.0055 JPY to JOD 181.0604 JOD to JPY
JPY JPY KWD KWD 0.0024 JPY to KWD 421.5375 KWD to JPY
JPY JPY LBP LBP 116.7828 JPY to LBP 0.0086 LBP to JPY
JPY JPY OMR OMR 0.003 JPY to OMR 333.632 OMR to JPY
JPY JPY QAR QAR 0.0283 JPY to QAR 35.2747 QAR to JPY
JPY JPY SAR SAR 0.0292 JPY to SAR 34.2274 SAR to JPY
JPY JPY AED AED 0.0286 JPY to AED 34.9688 AED to JPY
JPY JPY YER YER 1.9495 JPY to YER 0.513 YER to JPY
Updated: 2023-02-02
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY DZD DZD 1.0549 JPY to DZD 0.948 DZD to JPY
JPY JPY KES KES 0.9701 JPY to KES 1.0309 KES to JPY
JPY JPY MUR MUR 0.3492 JPY to MUR 2.8638 MUR to JPY
JPY JPY MAD MAD 0.0783 JPY to MAD 12.7639 MAD to JPY
JPY JPY NAD NAD 0.1338 JPY to NAD 7.4764 NAD to JPY
JPY JPY NIO NIO 0.2814 JPY to NIO 3.5539 NIO to JPY
JPY JPY NGN NGN 3.5854 JPY to NGN 0.2789 NGN to JPY
JPY JPY SLL SLL 151.6224 JPY to SLL 0.0066 SLL to JPY
JPY JPY ZAR ZAR 0.1326 JPY to ZAR 7.5408 ZAR to JPY
JPY JPY TZS TZS 18.1948 JPY to TZS 0.055 TZS to JPY
JPY JPY TND TND 0.0236 JPY to TND 42.4117 TND to JPY
JPY JPY UGX UGX 28.3748 JPY to UGX 0.0352 UGX to JPY
JPY JPY XOF XOF 4.6374 JPY to XOF 0.2156 XOF to JPY
JPY JPY ZMK ZMK 70.0788 JPY to ZMK 0.0143 ZMK to JPY

Japanese Yen (JPY)

Sign ¥
1 Yen is subdivided into 10 dimes, 100 cents or 1000 mills.

JPY is the currency code for the Japanese yen. Symbolized with the "", the JPY is the third most widely held international reserve currency and the fourth most traded currency in open foreign currency markets. Underlying monetary policy and issuance of the JPY is managed by the Japanese central bank, the Bank of Japan (BOF). The BOJ was established in 1882 using a Belgian banking model and was given monopoly powers over controlling monetary policy and the circulation of the JPY.

Coins used:
¥1, ¥5, ¥10, ¥50, ¥100, ¥500

Banknotes used:
¥1000, ¥2000, ¥5000, ¥10000

Central Bank
Bank of Japan
http://www.boj.or.jp
The monetary policy of the BOJ is under continuous scrutiny and criticism as the BOJ holds as its model a system of credit control and managed commercial growth using credit quotas placed on commercial banks. This control system is much different than the mandate of many market economies and more similar to the command and control system of the Chinese central bank. This system has not only been criticized for its role in the credit and development bubble of the 1980's, where the JPY soared in value, but it has also been criticized for the BOJ's refusal to take action to stimulate growth and development into the 21st century. In 1997 the Bank of Japan Act gave the BOJ greater independence and yet attempted to reign in that independence with a gently worded clause in the act stating the BOJ should consult with the government on monetary policy and economic growth given their goals were "harmonious". This gentle attempt failed and the BOJ has retained the same policies of the past without regard to repeated calls for allowing economic stimulus. The value of the JPY has historically made significant moves with its losing almost all value at the end of World War II. But by 1949 the JPY was fixed against the USD and by extension the Bretton Woods system that was in place at the time. When the USD was removed from Bretton Woods, the JPY was still tied to the USD and a new agreement was drafted at a new USD/JPY exchange rate. This rate did not last long as open market supply and demand forced the abandonment of the pegging to the USD and by 1973 the BOJ removed all connections of the JPY to the USD and has since allowed it to float freely. Throughout the rest of the 1970's the JPY continued to show strength against the USD with two primary setbacks being the oil crises of 1974, 1976, and 1979. In the early 1980's all signs were that there was a large appetite for the JPY worldwide, yet the valuation remained relatively stable. This was due to a variety of factors, namely Japan's ties to the United States and interest rate disparities between the two. This connection was completely broken when in 1985 the French Plaza Accord shifted worldwide currency markets against the USD and not the JPY. Over the next 4 years the JPY nearly doubled in value relative to the USD reaching a high in 1995 almost three times the value relative to the USD ten years earlier in 1985. The JPY bubble quickly corrected to 1989 levels as the BOJ battled a post development bubble and debt crisis with the BOJ lowering interest rates near to zero. This crisis finally saw some improvement 13 years later in 2008 when the worldwide credit bubble burst, a bubble in which the JPY had not participated. This left few major currencies with the underlying strength to counter the trend of depreciation, among these the JPY and CHF remain strong. Though this temporary reprieve in the weakness of the JPY and the Japanese economy as a whole was welcome, it has yet to bring the JPY out of its long term disfavor. This has led to the continued argument that the BOJ must take action to stimulate the economy, not simply sit back with its command and control quotas waiting for growth to spontaneously erupt. This reluctance at stimulus may be due to the long term shame the BOJ has held for allowing the 1980's bubble to occur and therefore they are reluctant to once again take any step that would lead them to blame for another crisis. At the same time their policy of JPY stability and zero interest rates has yet to drive innovation, productivity, and markets into a new cycle of growth. As a result of this unexplained reluctance, no doubt rooted in their previous failure, is the cause of the prolonged economic stagnation. The BOJ continued insistence on low interest rates is clearly not enough stimulus if there are not any business or innovators willing to borrow. This has led economists to define a new type of recession that is not simply attached to a decrease in GDP or lack of growth, but as a situation where no one is willing to take risk, borrow, and grow until their individual balance sheets are strong enough to warrant such a move. Therefore for the JPY to make a new move upward, economic balance sheet stimulus is needed in the Japanese commercial sectors. If they hold the JPY this could be accomplished with improved JPY pricing, but is more likely to occur as monetary policies are enacted to repair the balance sheets of companies still reeling from the after affects of the 1980's bubble and the resultant depressed asset values that remain on their balance sheets. In this instance it would be better to somehow address these issues and take them off the table, allowing for forgiveness and repair in order to stimulate the Japanese economy and as a result stimulate the JPY. As of yet any type of move in this direction has not been indicated by the BOJ. In 2010 the BOJ has taken certain steps to even triple the liquidity available to banks and yet the JPY and underlying economy remained stagnant. This move by the BOJ was initially seen as a positive maneuver, but once again it has taught the markets a two fold lesson. The first is that unlimited liquidity is useless without any businesses willing to borrow or invest and that the BOJ may have taken the move in order to silence critics, knowing that there would be no takers of their capital and that this move would giving the appearance of an effort at stimulus.

Other References
Wikipedia article on Japanese Yen

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