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.

Moroccan Dirham

Moroccan Dirham

The dirham (Arabic: درهم‎ dirham, Berber languages: ⴰⴷⵔⵉⵎ adrim, French: dirham, Spanish: dírha) is the currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. It is subdivided into 100 cents (Arabic: سنتيمات, singular: سنتيم).

11 Japanese Yen to Moroccan Dirham exchange rates chart

11 JPY to MAD exchange rates graph
11 JPY to MAD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

11 JPY to MAD exchange rates table

Exchange JPY to MAD
11 Japanese Yen = 0.923 Moroccan Dirham
22 Japanese Yen = 1.845 Moroccan Dirham
55 Japanese Yen = 4.613 Moroccan Dirham
110 Japanese Yen = 9.226 Moroccan Dirham
Exchange Japanese Yen to Moroccan Dirham
11 Japanese Yen to Moroccan Dirham Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best JPY/MAD rate at AL BARAKA X CHANGE in Casablanca

11 JPY to MAD exchange rates at AL BARAKA X CHANGE in Casablanca
11 Japanese Yen = 90.585 Moroccan Dirham
AL BARAKA X CHANGE
AL BARAKA X CHANGE

Crée en 2008 Nous sommes un bureau de change situé à Casablanca et autorisé par l'Office des Changes et effectue toutes les oprations d'achat et de vente de devis et Travelers chèques. En 2012 nous avons obtenu l'accord de l'office de changement pour l'ouverture d'une succursale sur l'angle rue de rome et boulvard moulay driss premiers, casablanca. en 2014 nous avons ouvert notre 3 éme succursale au 35 rue zineb ishaac la villette ,casablanca. Notre politique c'est de satisfaire nos clients...

Best JPY/MAD rate at Mohammed V International Airport in Casablanca

11 JPY to MAD exchange rates at Mohammed V International Airport in Casablanca
11 Japanese Yen = 0.924 Moroccan Dirham
Mohammed V International Airport
Mohammed V International Airport

Mohammed V International Airport (French: Aéroport international Mohammed V; Arabic: مطار محمد الخامس الدولي, Matar Muhammad al-Khamis ad-Dowaly, IATA: CMN, ICAO: GMMN) is an international airport serving Casablanca, Morocco. Located in Nouaceur Province, it is operated by ONDA (National Airports Office). With just under 8 million passengers passing through the airport in 2014, it was the busiest airport in Morocco and the fourth busiest in Africa.[5][6][7][8][9] In August 2014, ONDA reported...

11 JPY to MAD exchange rates news

Dollar falls as Fed officials ring note of caution, pound bounces
Dollar falls as Fed officials ring note of caution, pound bounces

By Richard Leong NEW YORK (Reuters) - The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose fo...

conditional neutral
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
Morocco's Attijariwafa bank to eye new Africa acquisitions from...

Morocco's Attijariwafa Bank plans to launch a new acquisition push in Africa late next year, starting with Rwanda, Kenya and Ethiopia, a bank executive said on Thursday.

indicative neutral
Morocco to sell La Mamounia hotel, power plant to cut 2019 budget...

Morocco plans to sell the five-star La Mamounia hotel in Marrakech and the Tahaddart power plant in a privatisation push to rein in the budget deficit in 2019, the government spokesman said on Thursday.

conditional negative
Morocco may consider selling stakes in Maroc Telecom in 2019 - finance minister
Morocco may consider selling stakes in Maroc Telecom in 2019 - finance minister

RABAT, Oct 23- Morocco may consider selling stakes next year in Maroc Telecom, the country's largest telecom operator, as it aims at raising 5.

conditional negative
Moroccans Prepare to Look High at Tallest Rabat Skyscraper
Moroccans Prepare to Look High at Tallest Rabat Skyscraper

The construction process of Morocco's tallest skyscraper on the banks of the Bouregreg river in Sale near the capital Rabat, has been launched, the country announced this week.The Bank of Africa

conditional neutral

11 JPY to MAD currency converter