» Welcome to Currency Converter Calculator

Japanese Yen (JPY) Exchange Rates on 08th December 2023 (08/12/2023)

Enter the amount you want to convert, select the second currency and hit 'Enter' or click outside the area.

Exchange rates for Japanese Yen (JPY)

					Updated: 2023-12-08
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	GBP	0.0055	JPY to GBP	181.0444	GBP to JPY
JPY	BGN	0.0126	JPY to BGN	79.3755	BGN to JPY
JPY	HRK	0.049	JPY to HRK	20.4215	HRK to JPY
JPY	CZK	0.157	JPY to CZK	6.371	CZK to JPY
JPY	DKK	0.0481	JPY to DKK	20.798	DKK to JPY
JPY	EEK	0	JPY to EEK	0	EEK to JPY
JPY	HUF	2.4633	JPY to HUF	0.406	HUF to JPY
JPY	KZT	3.1877	JPY to KZT	0.3137	KZT to JPY
JPY	LVL	0.0042	JPY to LVL	237.7286	LVL to JPY
JPY	LTL	0	JPY to LTL	0	LTL to JPY
JPY	MKD	0.3965	JPY to MKD	2.522	MKD to JPY
JPY	MDL	0.1232	JPY to MDL	8.1138	MDL to JPY
JPY	NOK	0.0755	JPY to NOK	13.2392	NOK to JPY
JPY	PLN	0.028	JPY to PLN	35.7751	PLN to JPY
JPY	RON	0.032	JPY to RON	31.2058	RON to JPY
JPY	RUB	0.6421	JPY to RUB	1.5574	RUB to JPY
JPY	SKK	0	JPY to SKK	0	SKK to JPY
JPY	SEK	0.0722	JPY to SEK	13.8431	SEK to JPY
JPY	CHF	0.0061	JPY to CHF	164.264	CHF to JPY
JPY	TRY	0.2014	JPY to TRY	4.9657	TRY to JPY
JPY	UAH	0.2547	JPY to UAH	3.9263	UAH to JPY

					Updated: 2023-12-08
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	ARS	2.5307	JPY to ARS	0.3951	ARS to JPY
JPY	BOB	0.048	JPY to BOB	20.8424	BOB to JPY
JPY	BRL	0.0342	JPY to BRL	29.2778	BRL to JPY
JPY	CAD	0.0094	JPY to CAD	105.9222	CAD to JPY
JPY	KYD	0.0058	JPY to KYD	172.8271	KYD to JPY
JPY	CLP	6.0686	JPY to CLP	0.1648	CLP to JPY
JPY	COP	27.8129	JPY to COP	0.036	COP to JPY
JPY	CRC	3.6641	JPY to CRC	0.2729	CRC to JPY
JPY	DOP	0.3953	JPY to DOP	2.5298	DOP to JPY
JPY	SVC	0.0621	JPY to SVC	16.0936	SVC to JPY
JPY	FJD	0.0155	JPY to FJD	64.4912	FJD to JPY
JPY	HNL	0.1713	JPY to HNL	5.8393	HNL to JPY
JPY	JMD	1.0813	JPY to JMD	0.9248	JMD to JPY
JPY	MXN	0.1216	JPY to MXN	8.2257	MXN to JPY
JPY	ANG	0.0125	JPY to ANG	79.9128	ANG to JPY
JPY	PYG	51.1649	JPY to PYG	0.0195	PYG to JPY
JPY	PEN	0.0261	JPY to PEN	38.3775	PEN to JPY
JPY	TTD	0.0472	JPY to TTD	21.207	TTD to JPY
JPY	USD	0.007	JPY to USD	143.7997	USD to JPY
JPY	UYU	0.2721	JPY to UYU	3.6753	UYU to JPY
JPY	VEF	24709.8476	JPY to VEF	0	VEF to JPY

					Updated: 2023-12-08
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	AUD	0.0105	JPY to AUD	95.1453	AUD to JPY
JPY	BDT	0.7637	JPY to BDT	1.3093	BDT to JPY
JPY	BND	0.0093	JPY to BND	107.4659	BND to JPY
JPY	CNY	0.0495	JPY to CNY	20.1991	CNY to JPY
JPY	INR	0.5798	JPY to INR	1.7248	INR to JPY
JPY	IDR	107.7885	JPY to IDR	0.0093	IDR to JPY
JPY	JPY	1	JPY to JPY	1	JPY to JPY
JPY	MYR	0.0325	JPY to MYR	30.8122	MYR to JPY
JPY	MVR	0.1069	JPY to MVR	9.3558	MVR to JPY
JPY	NPR	0.9261	JPY to NPR	1.0798	NPR to JPY
JPY	NZD	0.0113	JPY to NZD	88.7018	NZD to JPY
JPY	PKR	1.9719	JPY to PKR	0.5071	PKR to JPY
JPY	PGK	0.0259	JPY to PGK	38.6272	PGK to JPY
JPY	PHP	0.3851	JPY to PHP	2.597	PHP to JPY
JPY	SCR	0.0885	JPY to SCR	11.2951	SCR to JPY
JPY	SGD	0.0093	JPY to SGD	107.5958	SGD to JPY
JPY	KRW	9.0846	JPY to KRW	0.1101	KRW to JPY
JPY	LKR	2.27	JPY to LKR	0.4405	LKR to JPY
JPY	TWD	0.2178	JPY to TWD	4.5923	TWD to JPY
JPY	THB	0.2446	JPY to THB	4.088	THB to JPY

					Updated: 2023-12-08
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	BHD	0.0026	JPY to BHD	381.4636	BHD to JPY
JPY	EGP	0.2149	JPY to EGP	4.6526	EGP to JPY
JPY	HKD	0.0543	JPY to HKD	18.4061	HKD to JPY
JPY	ILS	0.0257	JPY to ILS	38.8863	ILS to JPY
JPY	JOD	0.0049	JPY to JOD	202.7334	JOD to JPY
JPY	KWD	0.0021	JPY to KWD	466.5336	KWD to JPY
JPY	LBP	104.4003	JPY to LBP	0.0096	LBP to JPY
JPY	OMR	0.0027	JPY to OMR	373.4812	OMR to JPY
JPY	QAR	0.0253	JPY to QAR	39.4948	QAR to JPY
JPY	SAR	0.0261	JPY to SAR	38.339	SAR to JPY
JPY	AED	0.0255	JPY to AED	39.1558	AED to JPY
JPY	YER	1.7408	JPY to YER	0.5745	YER to JPY

					Updated: 2023-12-08
Convert from	Convert to	1 JPY	Conversion	in currency	Conversion
JPY	DZD	0.9352	JPY to DZD	1.0693	DZD to JPY
JPY	KES	1.0664	JPY to KES	0.9377	KES to JPY
JPY	MUR	0.3066	JPY to MUR	3.2612	MUR to JPY
JPY	MAD	0.0702	JPY to MAD	14.2397	MAD to JPY
JPY	NAD	0.1304	JPY to NAD	7.6694	NAD to JPY
JPY	NIO	0.2541	JPY to NIO	3.9352	NIO to JPY
JPY	NGN	5.5703	JPY to NGN	0.1795	NGN to JPY
JPY	SLL	137.344	JPY to SLL	0.0073	SLL to JPY
JPY	ZAR	0.1305	JPY to ZAR	7.6655	ZAR to JPY
JPY	TZS	17.4201	JPY to TZS	0.0574	TZS to JPY
JPY	TND	0.0217	JPY to TND	46.038	TND to JPY
JPY	UGX	26.2037	JPY to UGX	0.0382	UGX to JPY
JPY	XOF	4.2286	JPY to XOF	0.2365	XOF to JPY
JPY	ZMK	62.5954	JPY to ZMK	0.016	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

Have more info on the Japanese Yen? Please contact us