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.

Guatemalan Quetzal

Guatemalan Quetzal

The quetzal (locally [keˈtsal]; code: GTQ) is the currency of Guatemala, named after the national bird of Guatemala, the resplendent quetzal. In ancient Mayan culture, the quetzal bird's tail feathers were used as currency. It is divided into 100 centavos or lenes in Guatemalan slang. The plural is quetzales.

14 Japanese Yen to Guatemalan Quetzal exchange rates chart

14 JPY to GTQ exchange rates graph
14 JPY to GTQ 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.

14 JPY to GTQ exchange rates table

Exchange JPY to GTQ
14 Japanese Yen = 0.990 Guatemalan Quetzal
28 Japanese Yen = 1.979 Guatemalan Quetzal
70 Japanese Yen = 4.948 Guatemalan Quetzal
140 Japanese Yen = 9.897 Guatemalan Quetzal
Exchange Japanese Yen to Guatemalan Quetzal
14 Japanese Yen to Guatemalan Quetzal 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.

14 JPY to GTQ 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.

12 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

13 days conditional positive
Obituary: St. Paul native Gregory Schaffer gave life to Guatemala
Obituary: St. Paul native Gregory Schaffer gave life to Guatemala

Gregory Schaffer was born in St. Paul, studied at St. Paul Seminary and was ordained as a Catholic priest for the Diocese of New Ulm. But he found his true calling in Guatemala.

about 1 month indicative positive
IC Power Continued to Demonstrate Significant Profitable Growth, Along With Successful IPO of OPC and Bond Issuance of CDA

SINGAPORE, Aug. 30, 2017 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE: KEN) (TASE: KEN) announces its results for Q2 2017 and additional updates on its businesses....

about 2 months indicative negative
FirstCash Reports Record Second Quarter Results; Announces 62 Store Acquisition in Mexico, Opens 16 New LatAm Stores; Completes Share Repurchases, Adds New $100 Million Repurchase Authorization; Declares Quarterly Dividend of $0.22 Per Share

FirstCash, Inc. (the “Company”) (NYSE: FCFS), the leading international operator of 2,290 retail pawn stores in the U.S. and Latin America, today anno

2 months indicative positive

14 JPY to GTQ currency converter