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.

Bolivian Bolíviano

Bolivian Bolíviano

The boliviano (sign: Bs ISO 4217 code: BOB) is the currency of Bolivia. It is divided into 100 cents or centavos in Spanish. Boliviano was also the name of the currency of Bolivia between 1864 and 1963.

16 Japanese Yen to Bolivian Bolíviano exchange rates chart

16 JPY to BOB exchange rates graph
16 JPY to BOB 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.

16 JPY to BOB exchange rates table

Exchange JPY to BOB
16 Japanese Yen = 0.970 Bolivian Bolíviano
32 Japanese Yen = 1.941 Bolivian Bolíviano
80 Japanese Yen = 4.852 Bolivian Bolíviano
160 Japanese Yen = 9.704 Bolivian Bolíviano
Exchange Japanese Yen to Bolivian Bolíviano
16 Japanese Yen to Bolivian Bolíviano 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.

16 JPY to BOB exchange rates news

Crude Oil Downtrend Resumes, AUD May Fall as Asia Stocks Decline

Crude oil prices tumbled, may rise briefly next. S&P 500 gapped lower as global stocks fell as US Dollar gained with Fed rate hike bets.

imperative negative
Dollar pressured by cautious Fed comments, yen sticks at 112:

SINGAPORE--The dollar hit a near two-week low against its peers on Tuesday with sentiment soured by

conditional neutral
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication

ISLAMABAD: The government of Japan has announced to provide 510 million Japanese Yen in grant aid to support supply of the essential polio vaccine for the

subjunctive positive
Ciudadanos denuncian que aparecen como militantes de partidos sin nunca haberse inscrito - La Razón

La aplicación https://yoparticipo.oep.org.bo permitió a la ciudadanía conocer si milita o no en un partido político. Quienes figuran sin haberse inscrito pueden iniciar un trámite para anular el registro

indicative neutral
Bolivia iguala con Irak - Deportes - ABC Color

La selección de Bolivia, comandada por el venezolano César Farías, cosechó este martes su segundo empate en tierras árabes al igualar sin goles con Irak, en un partido sin emociones, con pocas ocasiones de gol y carencia de profundidad.

indicative neutral
Imputan al albañil que gritó 'Bolivia dijo No' al presidente Evo Morales

Rafael Chambi fue detenido y ahora será procesado. Ven un abuso de poder y alertan que el Gobierno trata de amedrentar a la población. 

indicative neutral
Grupos cívicos de Bolivia llaman a paro nacional contra reelección de Evo Morales

LA PAZ (Sputnik) — Los comités cívicos y otras agrupaciones ciudadanas alineadas con la oposición conservadora de Bolivia ratificaron su convocatoria a un paro nacional el 6 de diciembre, en demanda de que el Tribunal Superior Electoral (TSE) vete la candidatura presidencial del mandatario Evo Morales.

indicative neutral

16 JPY to BOB currency converter