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.

Guernsey Pound

Guernsey Pound

The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of banknotes and coins denominated in pound sterling, in a similar way to the banknotes issued in Scotland, England and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage and notes (see also sterling zone). For this reason, ISO 4217 does not include a separate currency code for the Guernsey pound, but where a distinct code is desired GGP is generally used.

149 Japanese Yen to Guernsey Pound exchange rates chart

149 JPY to GGP exchange rates graph
149 JPY to GGP 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.

149 JPY to GGP exchange rates table

Exchange JPY to GGP
149 Japanese Yen = 1.078 Guernsey Pound
298 Japanese Yen = 2.155 Guernsey Pound
745 Japanese Yen = 5.388 Guernsey Pound
1490 Japanese Yen = 10.776 Guernsey Pound
Exchange Japanese Yen to Guernsey Pound
149 Japanese Yen to Guernsey Pound 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.

149 JPY to GGP exchange rates news

'Sayonara tax': Japan to charge international visitors depature fee

Leaving Japan will get a little more expensive for travellers starting this week.

7 days conditional negative
NZ dollar firms as trade talks, FOMC support global outlook - sharechat.co.nz

The New Zealand dollar rose as minutes from the Federal Reserve’s last rate-setting meeting and the conclusion of US-China trade talks left investors more confident about the global growth outlook

8 days conditional positive
Dollar Losing Ground As Year-End Approaches

WASHINGTON (Alliance News) - The dollar is pulling back against its major rivals Friday ...

20 days conditional positive
Wheeling Central grad Stein Gains Special Honor

WHEELING — A new year was ushered in Tuesday. Kurt Stein, however, will always have special memories from 2018. The Wheeling Central product guided Oakdale

11 days conditional neutral
Let's Reminisce about Cambridge, Guernsey County

JANUARY 3, 1959 Frank Cosby, employee of the Cambridge Lumber Co. for 13 years has retired. JANUARY 3, 1969 Churches of New Concord are sponsoring a series of study classes for high school youth on sex education and moral responsibility on the theme, "Fit to be Tied. JANUARY 3, 1979 Carolyn Tillett is named assistant treasurer at Cambridge Production Credit Association. She has been with PCA for 11 years. JANUARY 3, 1989 Karen Sue and Ivan Hickenbottom, Kimbolton, were honored as Premiere

14 days indicative neutral
Today is the last day to spend your old £10 notes

The old £10 notes will cease to be legal tender — meaning shops are no longer obliged to take them — after 11.59 p.m. (GMT) on Thursday, March 1.

about 2 months conditional positive
eBay: ‘Ultra rare’ £1 coin sells for £5000 - could you have one stashed in your wallet?

EBAY has become a platform for coin collectors to sell their most prized finds. One of the latest coins to sell on the auction website is a £1 coin described as ‘ultra rare’. It sold for a hefty sum of £5,000.

about 2 months conditional positive
Luton gang convicted over multi-million pound drugs operation stretching as far as Pakistan and Morrocco
Luton gang convicted over multi-million pound drugs operation stretching as far as Pakistan and Morrocco

A Luton organised crime gang has been found guilty of operating a multi-million pound drugs business that stretched as far as Morrocco and Pakistan.

2 months indicative negative

149 JPY to GGP currency converter