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 = 0.992 Macau Pataca
28 Japanese Yen = 1.984 Macau Pataca
70 Japanese Yen = 4.959 Macau Pataca
140 Japanese Yen = 9.918 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 BCM Bank in Macau

14 JPY to MOP exchange rates at BCM Bank in Macau
14 Japanese Yen = 1.000 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 = 1.001 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...

Best JPY/MOP rate at BNU in Macau

14 JPY to MOP exchange rates at BNU in Macau
14 Japanese Yen = 0.988 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...

14 JPY to MOP 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
Macau | Number of credit cards issued up 10.3 pct in Q3

MNA, MNA Economy, MNA Macau | Owing to increasing demand for dual-currency and triple-currency cards, the number of total credit cards in circulation in Macau in the Q3 rose 10.3 pct when compared to the same period last year

indicative neutral
Pound-to-Euro Exchange Rate: Sterling Slips From €1.14 But Sees Modest Weekly Gain Amid Brexit Deal Hopes

Doubts over the likelihood of a Monday Brexit agreement left the pound on the back foot vs the euro

conditional negative
Pound To Australian Dollar Exchange Rate: GBP/AUD Slips But Remains Close To 2018 Best Level (1.86)

Pound sterling surges against the Australian Dollar as markets go risk-off - GBP/AUD exchange rate forecast

imperative positive
Macau | This is My City 2018 festival with largest artist line-up ever, expands to Brazil
Macau | This is My City 2018 festival with largest artist line-up ever, expands to Brazil

MNA, MNA Macau, MNA Others | This year's edition of the This is My City music and cultural festival will include its largest artist line-up ever and will for the first time expand outside the Pearl River Delta region, taking Chinese musicians to one of the largest music industry events in Latin America in São Paulo, Brazil

conditional positive
CGD com lucros de 369 milhões até Setembro
CGD com lucros de 369 milhões até Setembro

Ao contrário dos prejuízos dos primeiros nove meses de 2017, a Caixa Geral de Depósitos apresentou lucros até Setembro deste ano. A quebra dos custos ajudou.

indicative neutral

14 JPY to MOP currency converter