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Japanese Yen (JPY) Exchange Rates on 20th January 2025 (20/01/2025)

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Exchange rates for Japanese Yen (JPY)

					Updated: 2025-01-20
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	GBP	0.0053	JPY to GBP	190.2349	GBP to JPY
JPY	BGN	0.0122	JPY to BGN	81.8647	BGN to JPY
JPY	HRK	0.0473	JPY to HRK	21.1244	HRK to JPY
JPY	CZK	0.1574	JPY to CZK	6.3548	CZK to JPY
JPY	DKK	0.0465	JPY to DKK	21.5268	DKK to JPY
JPY	EEK	0	JPY to EEK	0	EEK to JPY
JPY	HUF	2.5678	JPY to HUF	0.3894	HUF to JPY
JPY	KZT	3.4077	JPY to KZT	0.2935	KZT to JPY
JPY	LVL	0.0039	JPY to LVL	257.714	LVL to JPY
JPY	LTL	0	JPY to LTL	0	LTL to JPY
JPY	MKD	0.3835	JPY to MKD	2.6073	MKD to JPY
JPY	MDL	0.1213	JPY to MDL	8.2456	MDL to JPY
JPY	NOK	0.0732	JPY to NOK	13.6634	NOK to JPY
JPY	PLN	0.0265	JPY to PLN	37.6944	PLN to JPY
JPY	RON	0.031	JPY to RON	32.2766	RON to JPY
JPY	RUB	0.6575	JPY to RUB	1.5209	RUB to JPY
JPY	SKK	0	JPY to SKK	0	SKK to JPY
JPY	SEK	0.0715	JPY to SEK	13.9794	SEK to JPY
JPY	CHF	0.0059	JPY to CHF	170.7201	CHF to JPY
JPY	TRY	0.2283	JPY to TRY	4.3803	TRY to JPY
JPY	UAH	0.2705	JPY to UAH	3.6975	UAH to JPY

					Updated: 2025-01-20
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	ARS	6.6803	JPY to ARS	0.1497	ARS to JPY
JPY	BOB	0.0444	JPY to BOB	22.5289	BOB to JPY
JPY	BRL	0.039	JPY to BRL	25.6514	BRL to JPY
JPY	CAD	0.0093	JPY to CAD	107.8968	CAD to JPY
JPY	KYD	0.0054	JPY to KYD	186.8034	KYD to JPY
JPY	CLP	6.4829	JPY to CLP	0.1543	CLP to JPY
JPY	COP	27.8589	JPY to COP	0.0359	COP to JPY
JPY	CRC	3.2202	JPY to CRC	0.3105	CRC to JPY
JPY	DOP	0.3935	JPY to DOP	2.5416	DOP to JPY
JPY	SVC	0.0562	JPY to SVC	17.7916	SVC to JPY
JPY	FJD	0.015	JPY to FJD	66.8738	FJD to JPY
JPY	HNL	0.1634	JPY to HNL	6.1199	HNL to JPY
JPY	JMD	1.0149	JPY to JMD	0.9853	JMD to JPY
JPY	MXN	0.1332	JPY to MXN	7.5065	MXN to JPY
JPY	ANG	0.0116	JPY to ANG	86.3811	ANG to JPY
JPY	PYG	50.6025	JPY to PYG	0.0198	PYG to JPY
JPY	PEN	0.0241	JPY to PEN	41.4186	PEN to JPY
JPY	TTD	0.0436	JPY to TTD	22.9279	TTD to JPY
JPY	USD	0.0064	JPY to USD	155.8888	USD to JPY
JPY	UYU	0.2831	JPY to UYU	3.5329	UYU to JPY
JPY	VEF	23182.4807	JPY to VEF	0	VEF to JPY

					Updated: 2025-01-20
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	AUD	0.0103	JPY to AUD	96.8804	AUD to JPY
JPY	BDT	0.7805	JPY to BDT	1.2813	BDT to JPY
JPY	BND	0.0088	JPY to BND	113.9166	BND to JPY
JPY	CNY	0.0469	JPY to CNY	21.3102	CNY to JPY
JPY	INR	0.5549	JPY to INR	1.8023	INR to JPY
JPY	IDR	104.9489	JPY to IDR	0.0095	IDR to JPY
JPY	JPY	1	JPY to JPY	1	JPY to JPY
JPY	MYR	0.0289	JPY to MYR	34.6381	MYR to JPY
JPY	MVR	0.0988	JPY to MVR	10.1193	MVR to JPY
JPY	NPR	0.8897	JPY to NPR	1.1239	NPR to JPY
JPY	NZD	0.0114	JPY to NZD	87.4451	NZD to JPY
JPY	PKR	1.7902	JPY to PKR	0.5586	PKR to JPY
JPY	PGK	0.0261	JPY to PGK	38.2789	PGK to JPY
JPY	PHP	0.375	JPY to PHP	2.6669	PHP to JPY
JPY	SCR	0.0966	JPY to SCR	10.3553	SCR to JPY
JPY	SGD	0.0088	JPY to SGD	114.2112	SGD to JPY
JPY	KRW	9.3085	JPY to KRW	0.1074	KRW to JPY
JPY	LKR	1.9042	JPY to LKR	0.5252	LKR to JPY
JPY	TWD	0.2103	JPY to TWD	4.7541	TWD to JPY
JPY	THB	0.2207	JPY to THB	4.5313	THB to JPY

					Updated: 2025-01-20
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	BHD	0.0024	JPY to BHD	413.045	BHD to JPY
JPY	EGP	0.3223	JPY to EGP	3.1029	EGP to JPY
JPY	HKD	0.0499	JPY to HKD	20.0314	HKD to JPY
JPY	ILS	0.0229	JPY to ILS	43.7525	ILS to JPY
JPY	JOD	0.0045	JPY to JOD	219.8415	JOD to JPY
JPY	KWD	0.002	JPY to KWD	505.1969	KWD to JPY
JPY	LBP	575.2322	JPY to LBP	0.0017	LBP to JPY
JPY	OMR	0.0025	JPY to OMR	405.7634	OMR to JPY
JPY	QAR	0.0234	JPY to QAR	42.6928	QAR to JPY
JPY	SAR	0.0241	JPY to SAR	41.5493	SAR to JPY
JPY	AED	0.0236	JPY to AED	42.4416	AED to JPY
JPY	YER	1.5989	JPY to YER	0.6254	YER to JPY

					Updated: 2025-01-20
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	DZD	0.8711	JPY to DZD	1.148	DZD to JPY
JPY	KES	0.8318	JPY to KES	1.2022	KES to JPY
JPY	MUR	0.3007	JPY to MUR	3.3253	MUR to JPY
JPY	MAD	0.0645	JPY to MAD	15.4958	MAD to JPY
JPY	NAD	0.1203	JPY to NAD	8.3151	NAD to JPY
JPY	NIO	0.2364	JPY to NIO	4.2307	NIO to JPY
JPY	NGN	10.0041	JPY to NGN	0.1	NGN to JPY
JPY	SLL	134.5154	JPY to SLL	0.0074	SLL to JPY
JPY	ZAR	0.12	JPY to ZAR	8.3347	ZAR to JPY
JPY	TZS	16.2292	JPY to TZS	0.0616	TZS to JPY
JPY	TND	0.0207	JPY to TND	48.3942	TND to JPY
JPY	UGX	23.6681	JPY to UGX	0.0423	UGX to JPY
JPY	XOF	4.0888	JPY to XOF	0.2446	XOF to JPY
JPY	ZMK	57.7411	JPY to ZMK	0.0173	ZMK to JPY

Japanese Yen (JPY)
1 Japanese Yen

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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