Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) 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 to this day. 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.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

Johannesburg overview

Johannesburg (/dʒoʊˈhænɪsbɜːrɡ/; Afrikaans: [jʊəˈɦanəsbœrχ]; also known as Jozi, Joburg, and eGoli)[1] is the largest city in South Africa and one of the 50 largest urban areas in the world.[9] It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa.[10] While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.[citation needed]

The metropolis is an alpha global city as listed by the Globalization and World Cities Research Network. In 2011, the population of the city of Johannesburg was 4,434,827, making it the most populous city in South Africa.[11] In the same year, the population of Johannesburg's urban agglomeration was put at 7,860,781.[5] The land area of the municipal city (1,645 km2 (635 sq mi)) is large in comparison with those of other major cities, resulting in a moderate population density of 2,364/km2 (6,120/sq mi).

The city was established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado[by whom?] due to the extremely large gold deposit found along the Witwatersrand.[12] The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population grew to 100,000 inhabitants.

A separate city from the late 1970s until 1994, Soweto is now part of Johannesburg. Originally an acronym for "South-Western Townships", Soweto originated as a collection of settlements on the outskirts of Johannesburg, populated mostly by native African workers from the gold mining industry. Soweto, although eventually incorporated into Johannesburg, had been separated as a residential area for Blacks, who were not permitted to live in Johannesburg proper. Lenasia is predominantly populated by English-speaking South Africans of Indian descent. These areas were designated as non-white areas in accordance with the segregationist policies of the South African government known as Apartheid.[citation needed]

Best 8 JPY to ZAR exchange rate in Johannesburg - 8 Japanese Yen to South African Rand

Best JPY/ZAR rate at Bidvest Bank in Johannesburg

8 JPY to ZAR exchange rates at Bidvest Bank in Johannesburg
8 Japanese Yen = 0.963 South African Rand
Exchange JPY at Bidvest Bank to ZAR in Johannesburg
8 Japanese Yen = 0.963 South African Rand
16 Japanese Yen = 1.925 South African Rand
40 Japanese Yen = 4.813 South African Rand
80 Japanese Yen = 9.626 South African Rand
Exchange Japanese Yen at Bidvest Bank to South African Rand in Johannesburg
Bidvest Bank
Bidvest Bank

We’re a leading second tier bank and a subsidiary of The Bidvest Group Limited. Our strategy includes diversifying a historically forex- and fleet-focused customer base to one of business and personal banking services. This diversification strategy, combined with a prudent lending philosophy resulted in the recent upgrade, by Moody’s Financial Services, of Bidvest Bank’s long-term national scale rating from A1 to Aa2, an increase of two notches. About Us Bidvest Bank is an entrepreneurial...

Best JPY/ZAR rate at American Express Forex in Johannesburg

8 JPY to ZAR exchange rates at American Express Forex in Johannesburg
8 Japanese Yen = 0.962 South African Rand
Exchange JPY at American Express Forex to ZAR in Johannesburg
8 Japanese Yen = 0.962 South African Rand
16 Japanese Yen = 1.925 South African Rand
40 Japanese Yen = 4.812 South African Rand
80 Japanese Yen = 9.624 South African Rand
Exchange Japanese Yen at American Express Forex to South African Rand in Johannesburg
American Express Forex
American Express Forex

American Express Foreign Exchange, operates under license by Tourvest Financial Services (Pty) Ltd. Tourvest is Southern Africa’s number one tourism group, offering a range of products and services that encompass the needs of all visitors to Southern Africa. American Express foreign exchange South Africa is operated under franchise from American Express globally. We have 3 branches in Botswana and operates in a Joint Venture with Bank Windhoek in Namibia. We are the market leaders in foreign...

Best JPY/ZAR rate at Standard Bank in Johannesburg

8 JPY to ZAR exchange rates at Standard Bank in Johannesburg
8 Japanese Yen = 0.937 South African Rand
Exchange JPY at Standard Bank to ZAR in Johannesburg
8 Japanese Yen = 0.937 South African Rand
16 Japanese Yen = 1.874 South African Rand
40 Japanese Yen = 4.684 South African Rand
80 Japanese Yen = 9.369 South African Rand
Exchange Japanese Yen at Standard Bank to South African Rand in Johannesburg
Standard Bank
Standard Bank

The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent right-wing South African politician John Paterson[3][4] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon...

8 JPY to ZAR exchange rates news

USD/JPY Weekly Price Forecast - US dollar falls against Japanese yen for the week

The US dollar fell significantly against the Japanese yen during the week, as we continue to struggle with the ¥114.50 level above. That’s an area that shows resistance all the way to the 115 young level, so it makes sense that we would struggle to break above there.

conditional positive
Corporate Japan's net profits to inch up 1% in sharp slowdown

TOKYO -- Japanese corporate profits are on course to rise 1% for another record in fiscal 2018, an estimate that is significantly lower than the 34% j

indicative neutral
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens

*Euro, sterling supported by draft Brexit deal. *Fed rate view, economic growth seen supporting dollar. *Graphic: World FX rates in 2018.

conditional neutral
Here’s how much Brexit turmoil might whack the British pound, analysts predict
Here’s how much Brexit turmoil might whack the British pound, analysts predict

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms.

conditional negative
Japanese Yen Falls Vs Pound, US Dollar As GDP Contracts By 0.3%

The Japanese Yen fell against all other major currencies as the figure of a quarterly contraction of 0.3% (bringing the annualized figure to -1.2%) hit the markets.

indicative neutral
South Africa: West Rand Municipality Vehicles Locked Inside Yard As Employees Refuse to Work

Those who find themselves in emergency situations on the West Rand could be in more trouble than they think because protesting municipality workers are preventing critical services from being carried out.

conditional negative
South African Rand Exchange Rate: Weak ZAR Outlook For Q4 2018 & Q1 2019 As S.A Growth Falters

Despite weakening against a basket of other currencies in the first half of 2018, the South African Rand has steadily rebounded in the foreign exchange markets since the start of September.

conditional neutral
Johannesburg Weather: Severe thunderstorms observed over the West Rand
Johannesburg Weather: Severe thunderstorms observed over the West Rand

Lightning and thunderstorms are observed over large parts of Roodepoort.Â

indicative positive
Dollar to rand: Six major factors that determine the exchange rate
Dollar to rand: Six major factors that determine the exchange rate

With the dollar to rand exchange rate on a never-ending rollercoaster, we've decided to see what exactly makes our markets tick.

indicative positive
South African rand firms on U.S.-China trade optimism

JOHANNESBURG, Nov 13- South Africa's rand firmed against the dollar in early trade on Tuesday, in line with a rise in stocks, as hopes of a.

indicative positive

Johannesburg news

Johannesburg Weather: Severe thunderstorms observed over the West Rand
Johannesburg Weather: Severe thunderstorms observed over the West Rand

Lightning and thunderstorms are observed over large parts of Roodepoort.Â

indicative positive
Mining conflicts multiply, as critics of “extractivism” gather in Johannesburg

The World Social Forum's “Thematic Forum on Mining and Extractivism” convenes from 12-15 November 2018 in Johannesburg, South Africa, just after the (...)

indicative negative
A view of Johannesburg through lenses from a different era

Johannesburg Then and Now is an important book about what ought to be appreciated and "saved".

indicative neutral
Mashaba gets the thumbs down from Twitter after citizen's arrest

Some have questioned which by-laws were broken.

conditional neutral
DISCOP Johannesburg 2018: What not to miss
DISCOP Johannesburg 2018: What not to miss

Taking place from 14 to 16 November, here are some inside tips for getting the best out of the market

conditional positive
Survey finds that quality of life is improving in Gauteng
Survey finds that quality of life is improving in Gauteng

Despite challenging economic conditions, the overall quality of life (QoL) in Gauteng province continues to improve.

indicative positive
Gauteng weather: Johannesburg residents warned to use water sparingly
Gauteng weather: Johannesburg residents warned to use water sparingly

Level 1 water restrictions are now in place.

indicative positive
OR Tambo airport defends barring boy’s toy snake from flight

OR Tambo International Airport has defended stopping a five-year-old boy from boarding a flight with a stuffed toy snake as his hand luggage over the weekend in Johannesburg.

conditional negative

8 JPY to ZAR currency converter in Johannesburg