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.

Euro

Euro

The euro (sign: €; code: EUR) is the official currency of the European Union and its territories. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone or euro area. It is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents. The currency is also officially used by the institutions of the European Union and its territories, four other European countries, as well as unilaterally by two others, and is consequently used daily by some 343 million Europeans as of 2018. Outside Europe, a number of overseas territories of EU members also use the euro as their currency. Additionally, 290 million people worldwide as of 2018 use currencies pegged to the euro. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of August 2018, with more than €1.2 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by May 2002 it had completely replaced the former currencies. While the euro dropped subsequently to US$0.83 within two years (26 October 2000), it has traded above the U.S. dollar since the end of 2002, peaking at US$1.60 on 18 July 2008. In late 2009, the euro became immersed in the European sovereign-debt crisis, which led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising and strengthing the currency.

128 Japanese Yen to Euro exchange rates chart

128 JPY to EUR exchange rates graph
128 JPY to EUR 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.

128 JPY to EUR exchange rates table

Exchange JPY to EUR
128 Japanese Yen = 0.997 Euro
256 Japanese Yen = 1.994 Euro
640 Japanese Yen = 4.985 Euro
1280 Japanese Yen = 9.969 Euro
Exchange Japanese Yen to Euro
128 Japanese Yen to Euro 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/EUR rate at CEN-CHANGE in Paris

128 JPY to EUR exchange rates at CEN-CHANGE in Paris
128 Japanese Yen = 96.640 Euro
CEN-CHANGE
CEN-CHANGE

Currency Exchange Office in Paris : CEN Change. Buying and Selling Currencies at the Best Rate Euro Dollars Pounds Yen...Founded in 1892, Change-Est-Nord is one of the oldest money exchange offices in Paris Currency Exchange Services Exchange Currency Rates Currency Exchange Booking Currency Exchange Contact Contact & Information Contact us for all currency exchange information, buying and selling currencies, Our service is comprised of excellent exchange rates and fantastic customer service....

Best JPY/EUR rate at World Currency Shop in Tokyo

128 JPY to EUR exchange rates at World Currency Shop in Tokyo
128 Japanese Yen = 0.967 Euro
World Currency Shop
World Currency Shop

WCS(World Currency Shop) is one of the largest Money Exchange network in Japan, operated by a subsidiary of MUFG Bank,LTD. Our shops can be found in various location such as Tokyo,Yokohama,Nagoya,Osaka,Kyoto and Fukuoka. We keep 21 foreign currency in stock all the time. For your added convenience,visit http://www.tokyo-card.co.jp/wcs/wcs-shop-e.php 外貨両替 外貨両替 お知らせ 本日のレート / rate 店舗案内 / shop 求人情報 外貨両替のホームページは携帯でもご覧いただけます! QRコード 上のQRコードを携帯カメラで撮れば、WCSサイトへアクセスできます。 今すぐアクセス! 外貨両替 カード会員のお客様 加盟店のお客様...

Best JPY/EUR rate at BBVA in Barcelona

128 JPY to EUR exchange rates at BBVA in Barcelona
128 Japanese Yen = 0.958 Euro
BBVA
BBVA

At BBVA, we believe in a different type of banking. We do Responsible Business, and this means focusing all our activities on people. We know that there are many things we can improve, but we won't do business at any price. For this reason, we speak of profitability, but always bearing in mind the principals of integrity, caution and transparency. DESCRIPTION In Spain, Responsible Business means: Offering solutions to all families having difficulties paying their mortgage loans.Promoting...

Best JPY/EUR rate at ABN AMRO in Amsterdam

128 JPY to EUR exchange rates at ABN AMRO in Amsterdam
128 Japanese Yen = 0.993 Euro
ABN AMRO
ABN AMRO

Information about ABN AMRO The head office of ABN AMRO Bank N.V. is located at Gustav Mahlerlaan 10, 1082 PP in Amsterdam, The Netherlands. Supervision The Netherlands Authority for the Financial Markets (AFM, Autoriteit Financiële Markten) and De Nederlandsche Bank (DNB) monitor the activities of ABN AMRO. Both of these bodies have special Consumer Information Lines, which you can call for more information about their monitoring activities in relation to ABN AMRO. Read more about...

Best JPY/EUR rate at Pott Change in Amsterdam

128 JPY to EUR exchange rates at Pott Change in Amsterdam
128 Japanese Yen = 0.947 Euro
Pott Change
Pott Change

For over 30 years, you can sell your money for other currencies or you can buy the currency you prefer at Pott Change. We offer you the best possible currency rates and we don’t charge commission or fees on changing currencies, buying or selling! Pott Change is located in the city centre of Amsterdam. Our office is located on Damrak 95, close to Damsquare and opposite to the Bijenkorf. We are opened seven days a week until 8.15 PM. More information about our services and exchange rates is...

Best JPY/EUR rate at Tourex in Osaka

128 JPY to EUR exchange rates at Tourex in Osaka
128 Japanese Yen = 0.981 Euro
Tourex
Tourex

Welcome to the page of the Tourex Amerikamura store in Osaka, introduced by our Tourex Amerikamura staff. Address Osaka city, Chuo-ward, Nishi-Shinsaibashi 2-18-6 Tel (+81) 6-6484-2006 Open 10:30am - 6:30pm Trading currencies 12 countries Please find the 12 country's currencies listed below. USD USD ※ EUR EUR ※ CNY CNY ※ KRW KRW ※ HKD HKD ※ AUD AUD ※ TWD TWD ※ CAD CAD ※ THB THB ※ GBP GBP ※ PHP PHP ※ SGD SGD ※ MYR MYR ※ IDR IDR NZD NZD CHF CHF Sankaku Park (triangle park) The triangle park is...

Best JPY/EUR rate at Interchange in Vienna

128 JPY to EUR exchange rates at Interchange in Vienna
128 Japanese Yen = 0.896 Euro
Interchange
Interchange

In operation since 1990 the Interchange Group serves 3,300,000 customers annually, handling 550 million across 15 countries, including 9 major airports, 136 branches and numerous ATMs. It also has a network of more than 1,200 Western Union agencies. We’ve been changing, transferring and dispensing money for over 25 years. It’s what we do best. Today, we operate foreign exchange and ATM services in Central and Eastern Europe’s three leading airports: Vienna, Prague and Budapest. We also...

Best JPY/EUR rate at DenizBank in Vienna

128 JPY to EUR exchange rates at DenizBank in Vienna
128 Japanese Yen = 0.978 Euro
DenizBank
DenizBank

Important Information about DenizBank AG DenizBank AG - Über UnsDenizBank AG was founded in 1996. As a universal bank, it is subject to the Austrian banking law and a member of the Austrian deposit insurance for banks and bankers (Einlagensicherung der Banken & Bankiers). Currently, DenizBank employs 482 employees in Austria and Germany and is member of the rapidly expanding DenizBank Group. The banking organization is close to the customer, being supported by a strong network with its...

Best JPY/EUR rate at No1 Currency in Dublin

128 JPY to EUR exchange rates at No1 Currency in Dublin
128 Japanese Yen = 0.942 Euro
No1 Currency
No1 Currency

FEXCO, Ireland’s most successful independent multinational financial services provider, has today crowned a period of rapid expansion of its foreign exchange retailer No.1 Currency, by opening its 50th branch in the Westfield Shopping Centre in Stratford. FEXCO also announced a further network expansion of No.1 Currency with plans to open 20 new branches across the UK and Ireland creating 50 new jobs. When the No.1 Currency brand was purchased by FEXCO in 2012, it operated a network of 15...

Best JPY/EUR rate at ReiseBank in Munich

128 JPY to EUR exchange rates at ReiseBank in Munich
128 Japanese Yen = 1.024 Euro
ReiseBank
ReiseBank

Alle Währungen Hier finden Sie viel Wissenswertes rund um fast alle Währungen und Länder der Welt Zu fast jedem Land der Erde finden Sie die Devisen- und Bargeldbestimmungen für das jeweilige Land und eine Abbildung einer landestypischen Banknote. Rufen Sie ein Land auf, indem Sie einige Buchstaben des Ländernamens eingeben und das gewünschte Land auswählen. Alle Informationen werden nach bestem Wissen, aber ohne Gewähr, veröffentlicht. Es wird keine Haftung für Schäden übernommen, die auf...

Best JPY/EUR rate at Exchange AG in Munich

128 JPY to EUR exchange rates at Exchange AG in Munich
128 Japanese Yen = 0.959 Euro
Exchange AG
Exchange AG

Impressum Exchange AG Deutschland Gesetzliche Vertreter: Andrea Ruhfus (Vorstand) und Michael Diell (Vorstand) Vorsitzender des Aufsichtsrates: Michael Hollmann Anschrift: Exchange AG Deutschland Eisenacher Str. 85 10781 Berlin Tel.: +49 800 - 58 95 374 Fax: +49 30 - 319 917 829 E-Mail: [email protected] HRB 64978 Amtsgericht Charlottenburg USt-IdNr.: DE 197900401 Aufsichtsbehörden: 1. Geldwechselgeschäft: Bundesanstalt für Finanzdienstleistungsaufsicht, Graurheindorfer Str. 108, 53117 Bonn...

Best JPY/EUR rate at Euro Change in Berlin

128 JPY to EUR exchange rates at Euro Change in Berlin
128 Japanese Yen = 0.959 Euro
Euro Change
Euro Change

Europa-Center 10789 Berlin Phone: 030-2611484 Fax: 030-2628846 Mon-Fri 9am - 8pm Sat 9am - 8pm Kurfürstendamm Show in GoogleMaps S-Bhf. Alexanderplatz 10178 Berlin Phone: 030-2415097 Fax: 030-2415096 Mon-Fri 8am - 8pm Sat 8am - 8pm Alexanderplatz Show in GoogleMaps Berlin-Mitte Friedrichstr. 80 10117 Berlin Phone: 030-2043735 Fax.: 030-2043745 Mon-Fri 10am - 7pm Sat 10am - 3pm Französische Straße Show in GoogleMaps Steglitz Hubertusstraße 14 12163 Berlin Phone: 030-7928020 Fax: 030-7927141...

Best JPY/EUR rate at Commerzbank in Berlin

128 JPY to EUR exchange rates at Commerzbank in Berlin
128 Japanese Yen = 0.995 Euro
Commerzbank
Commerzbank

Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. In the two business segments Private and Small Business Customers, as well as Corporate Clients, the Bank offers a comprehensive portfolio of financial services which is precisely aligned to the clients’ needs. Commerzbank finances approximately 30% of Germany’s foreign trade and is leading in financing for corporate clients in Germany. Due to its in-depth sector know-how in the German...

128 JPY to EUR exchange rates news

Good morning, Australia!

Wake up world – it’s a brand new day, with lots happening around the globe. | Good morning, Australia!

imperative positive
Exhibition from France honoring Osamu Tezuka held in Hyogo:

TAKARAZUKA, Hyogo Prefecture--A special exhibition celebrating the 90th anniversary of the birth of

conditional positive
Bumpy ride: Bruised Euro-zone economy stumbles on after 2018 beating

Germany’s supposed powerhouse economy contracted over the summer, and Italy is not only shrinking but also reviving memories of the regional debt crisis.

indicative negative
Polish political leader rejects converting to euro currency

The leader of Poland's ruling party has spoken against the conversion to the European Union's currency, the euro

imperative neutral
Euro Drops Vs Most Majors Ahead Of German Industrial Production

BRUSSELS (Alliance News) - At 2:00 am ET Friday, Destatis will release German industrial ...

conditional positive
Euro Paper Talk: Pogba the bait as Man Utd look to entice Italy playmaker

Manchester United are making ambitious plans to offer Paul Pogba in exchange for a €120m-rated Italy star, while a Liverpool target has admitted he could be ready to move on, according to Tuesday's European papers.

conditional neutral

128 JPY to EUR currency converter