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Japanese Yen (JPY) Exchange Rates on 01st October 2022 (01/10/2022)

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Exchange rates for Japanese Yen (JPY)

Updated: 2022-10-01
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY GBP GBP 0.0062 JPY to GBP 161.3841 GBP to JPY
JPY JPY BGN BGN 0.0138 JPY to BGN 72.5078 BGN to JPY
JPY JPY HRK HRK 0.053 JPY to HRK 18.8617 HRK to JPY
JPY JPY CZK CZK 0.1733 JPY to CZK 5.7704 CZK to JPY
JPY JPY DKK DKK 0.0524 JPY to DKK 19.0756 DKK to JPY
JPY JPY EEK EEK 0 JPY to EEK 0 EEK to JPY
JPY JPY HUF HUF 2.9817 JPY to HUF 0.3354 HUF to JPY
JPY JPY KZT KZT 3.2914 JPY to KZT 0.3038 KZT to JPY
JPY JPY LVL LVL 0.0042 JPY to LVL 239.2812 LVL to JPY
JPY JPY LTL LTL 0 JPY to LTL 0 LTL to JPY
JPY JPY MKD MKD 0.4362 JPY to MKD 2.2925 MKD to JPY
JPY JPY MDL MDL 0.1348 JPY to MDL 7.4188 MDL to JPY
JPY JPY NOK NOK 0.0752 JPY to NOK 13.2958 NOK to JPY
JPY JPY PLN PLN 0.0342 JPY to PLN 29.23 PLN to JPY
JPY JPY RON RON 0.0349 JPY to RON 28.6435 RON to JPY
JPY JPY RUB RUB 0.4159 JPY to RUB 2.4042 RUB to JPY
JPY JPY SKK SKK 0 JPY to SKK 0 SKK to JPY
JPY JPY SEK SEK 0.0766 JPY to SEK 13.0596 SEK to JPY
JPY JPY CHF CHF 0.0068 JPY to CHF 146.3935 CHF to JPY
JPY JPY TRY TRY 0.1281 JPY to TRY 7.8092 TRY to JPY
JPY JPY UAH UAH 0.251 JPY to UAH 3.9839 UAH to JPY
Updated: 2022-10-01
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY ARS ARS 1.0177 JPY to ARS 0.9826 ARS to JPY
JPY JPY BOB BOB 0.0478 JPY to BOB 20.9371 BOB to JPY
JPY JPY BRL BRL 0.0374 JPY to BRL 26.7418 BRL to JPY
JPY JPY CAD CAD 0.0096 JPY to CAD 104.6354 CAD to JPY
JPY JPY KYD KYD 0.0058 JPY to KYD 173.5898 KYD to JPY
JPY JPY CLP CLP 6.688 JPY to CLP 0.1495 CLP to JPY
JPY JPY COP COP 31.8505 JPY to COP 0.0314 COP to JPY
JPY JPY CRC CRC 4.3371 JPY to CRC 0.2306 CRC to JPY
JPY JPY DOP DOP 0.3703 JPY to DOP 2.7002 DOP to JPY
JPY JPY SVC SVC 0.0598 JPY to SVC 16.7333 SVC to JPY
JPY JPY FJD FJD 0.016 JPY to FJD 62.6559 FJD to JPY
JPY JPY HNL HNL 0.1711 JPY to HNL 5.8456 HNL to JPY
JPY JPY JMD JMD 1.0512 JPY to JMD 0.9513 JMD to JPY
JPY JPY MXN MXN 0.1392 JPY to MXN 7.1844 MXN to JPY
JPY JPY ANG ANG 0.0125 JPY to ANG 80.2678 ANG to JPY
JPY JPY PYG PYG 48.8646 JPY to PYG 0.0205 PYG to JPY
JPY JPY PEN PEN 0.0275 JPY to PEN 36.3529 PEN to JPY
JPY JPY TTD TTD 0.0464 JPY to TTD 21.5345 TTD to JPY
JPY JPY USD USD 0.0069 JPY to USD 144.7693 USD to JPY
JPY JPY UYU UYU 0.2818 JPY to UYU 3.5482 UYU to JPY
JPY JPY VEF VEF 1509447607.8877 JPY to VEF 0 VEF to JPY
Updated: 2022-10-01
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY AUD AUD 0.0108 JPY to AUD 92.6906 AUD to JPY
JPY JPY BDT BDT 0.7002 JPY to BDT 1.4281 BDT to JPY
JPY JPY BND BND 0.0099 JPY to BND 100.7866 BND to JPY
JPY JPY CNY CNY 0.0492 JPY to CNY 20.3398 CNY to JPY
JPY JPY INR INR 0.564 JPY to INR 1.7729 INR to JPY
JPY JPY IDR IDR 105.7329 JPY to IDR 0.0095 IDR to JPY
JPY JPY JPY JPY 1 JPY to JPY 1 JPY to JPY
JPY JPY MYR MYR 0.032 JPY to MYR 31.2136 MYR to JPY
JPY JPY MVR MVR 0.1067 JPY to MVR 9.368 MVR to JPY
JPY JPY NPR NPR 0.9007 JPY to NPR 1.1102 NPR to JPY
JPY JPY NZD NZD 0.0124 JPY to NZD 80.8871 NZD to JPY
JPY JPY PKR PKR 1.576 JPY to PKR 0.6345 PKR to JPY
JPY JPY PGK PGK 0.0243 JPY to PGK 41.1147 PGK to JPY
JPY JPY PHP PHP 0.4063 JPY to PHP 2.4615 PHP to JPY
JPY JPY SCR SCR 0.0902 JPY to SCR 11.0863 SCR to JPY
JPY JPY SGD SGD 0.0099 JPY to SGD 101.0759 SGD to JPY
JPY JPY KRW KRW 9.9505 JPY to KRW 0.1005 KRW to JPY
JPY JPY LKR LKR 2.5264 JPY to LKR 0.3958 LKR to JPY
JPY JPY TWD TWD 0.2193 JPY to TWD 4.5608 TWD to JPY
JPY JPY THB THB 0.2624 JPY to THB 3.8109 THB to JPY
Updated: 2022-10-01
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY BHD BHD 0.0026 JPY to BHD 383.6442 BHD to JPY
JPY JPY EGP EGP 0.135 JPY to EGP 7.408 EGP to JPY
JPY JPY HKD HKD 0.0542 JPY to HKD 18.4385 HKD to JPY
JPY JPY ILS ILS 0.0246 JPY to ILS 40.6737 ILS to JPY
JPY JPY JOD JOD 0.0049 JPY to JOD 204.1338 JOD to JPY
JPY JPY KWD KWD 0.0021 JPY to KWD 466.9596 KWD to JPY
JPY JPY LBP LBP 10.4805 JPY to LBP 0.0954 LBP to JPY
JPY JPY OMR OMR 0.0027 JPY to OMR 375.9787 OMR to JPY
JPY JPY QAR QAR 0.0252 JPY to QAR 39.7521 QAR to JPY
JPY JPY SAR SAR 0.026 JPY to SAR 38.5272 SAR to JPY
JPY JPY AED AED 0.0254 JPY to AED 39.406 AED to JPY
JPY JPY YER YER 1.729 JPY to YER 0.5784 YER to JPY
Updated: 2022-10-01
Convert from Convert to 1 JPY Conversion in currency Conversion
JPY JPY DZD DZD 0.973 JPY to DZD 1.0278 DZD to JPY
JPY JPY KES KES 0.835 JPY to KES 1.1977 KES to JPY
JPY JPY MUR MUR 0.3161 JPY to MUR 3.164 MUR to JPY
JPY JPY MAD MAD 0.0757 JPY to MAD 13.2145 MAD to JPY
JPY JPY NAD NAD 0.1249 JPY to NAD 8.0053 NAD to JPY
JPY JPY NIO NIO 0.2487 JPY to NIO 4.0205 NIO to JPY
JPY JPY NGN NGN 2.9872 JPY to NGN 0.3348 NGN to JPY
JPY JPY SLL SLL 107.0321 JPY to SLL 0.0093 SLL to JPY
JPY JPY ZAR ZAR 0.1245 JPY to ZAR 8.0343 ZAR to JPY
JPY JPY TZS TZS 16.1083 JPY to TZS 0.0621 TZS to JPY
JPY JPY TND TND 0.0225 JPY to TND 44.531 TND to JPY
JPY JPY UGX UGX 26.3638 JPY to UGX 0.0379 UGX to JPY
JPY JPY XOF XOF 4.6117 JPY to XOF 0.2168 XOF to JPY
JPY JPY ZMK ZMK 62.1761 JPY to ZMK 0.0161 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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