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.

Macau Pataca

Macau Pataca

The Macau pataca or Macanese pataca (Chinese: 澳門圓; Jyutping: ou3 mun4 jyun4; Portuguese: Pataca de Macau; sign: MOP$; code: MOP) is the currency of Macau. It is subdivided into 100 avos (仙; sin), with 10 avos called ho (毫) in Cantonese. The abbreviation MOP$ is commonly used. Macau has a currency board system under which the legal tender, Macau pataca, is 100 percent backed by foreign exchange reserves, in this case currently the Hong Kong dollar. Moreover, the currency board, Monetary Authority of Macau (AMCM), has a statutory obligation to issue and redeem Macau pataca on demand against the Hong Kong dollar at a fixed exchange rate of HK$1 = MOP$1.03, and without limit.

14 Japanese Yen to Macau Pataca exchange rates chart

14 JPY to MOP exchange rates graph
14 JPY to MOP 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 MOP exchange rates table

Exchange JPY to MOP
14 Japanese Yen = 1.035 Macau Pataca
28 Japanese Yen = 2.069 Macau Pataca
70 Japanese Yen = 5.173 Macau Pataca
140 Japanese Yen = 10.345 Macau Pataca
Exchange Japanese Yen to Macau Pataca
14 Japanese Yen to Macau Pataca 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/MOP rate at BNU in Macau

14 JPY to MOP exchange rates at BNU in Macau
14 Japanese Yen = 1.018 Macau Pataca
BNU
BNU

History BNU was the first commercial bank in Macau in the early 20th century. The bank was entrusted with the important mission of creating and issuing the territory's own currency and contributed successfully and decisively to the creation and development of the local banking and monetary system. Nowadays, BNU retains its status as one of the issuing banks for the Government of the Macau Special Administrative Region. For more than a century, BNU has supported local business activities. The...

Best JPY/MOP rate at BCM Bank in Macau

14 JPY to MOP exchange rates at BCM Bank in Macau
14 Japanese Yen = 1.033 Macau Pataca
BCM Bank
BCM Bank

BCM Bank Your Best Partner in the new century! BCM bank is one of the leading banks incorporated in Macau. Since its establishment in 1974, BCM bank has been serving its local customers and working for the development of the Territory’s economy by supporting its main infrastructural investment projects and being traditionally involved in the trade finance. BCM bank provides a wide variety of high quality financial products and services, ranging from deposits and loans to insurance through its...

Best JPY/MOP rate at Banco Tai Fung in Macau

14 JPY to MOP exchange rates at Banco Tai Fung in Macau
14 Japanese Yen = 1.030 Macau Pataca
Banco Tai Fung
Banco Tai Fung

Tai Fung Bank Limited ,formerly Tai Fung Money Changer , was founded in 1942 by Mr. Ho Yin and several business magnates from Macau and Hong Kong. In 1969, Tai Fung Money Changer was registered as “Tai Fung Money Changer Limited”. Tai Fung Money Changer Limited was the first financial institution that applied to incorporated as a bank under the Macau’s Decree-Law of Banking in 1971. On 20 January , 1972, it was officially approved and became the first local bank in Macau to operate under...

14 JPY to MOP 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.

8 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

9 days conditional positive
Macau | Loans to private sector reach MOP997.5 bln in November

MNA, MNA Economy, MNA Macau | The money supply to Macau in November has increased 1.5 pct month-on-month to MOP633 bln with total loans to the private sector having increased 0.3 per cent to MOP997.5 billion

14 days indicative negative
Macau | November foreign exchange reserves rise by 0.3 pct m-on-m

MNA, MNA Economy, MNA Macau, MNA Others | The Monetary Authority of Macau announced that the preliminary estimate of the city's foreign exchange reserves rose by 0.3 per cent in November to MOP158.9 billion

about 1 month indicative positive
Macau's best casinos

Macau's casinos are bouncing back. A couple of mega casinos have opened recently and more are in the works. Here are some of the best.

about 2 months indicative positive
Macau | Forex reserves increased in January 2018

MNA Economy, MNA Macau | Macau foreign exchange reserves were up 0.6 per cent month-to-month in January

about 2 months indicative neutral
Macau | Monetary Authority raises interest rate to 2.25 pct

MNA, MNA Economy, MNA Macau | The Monetary Authority of Macao has raised the interest rate by 25 points to 2.25 per cent on Thursday

about 2 months conditional neutral

14 JPY to MOP currency converter