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.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

16 Japanese Yen to Chinese Yuan Renminbi exchange rates chart

16 JPY to CNY exchange rates graph
16 JPY to CNY exchange 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 CNY exchange rates FAQs

What is 16 JPY to CNY?

The meaning of 16 JPY to CNY is to exchange 16 Japanese Yen to Chinese Yuan Renminbi by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 16 JPY to CNY on the chart below.

Who can exchange 16 JPY to CNY?

Anyone with 16 Japanese Yen can find a local bank or a bureau de change to convert into Japanese Yen. However, if neither JPY nor CNY is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 16 JPY to CNY?

Due to the nature of the forex market, the exchange rates for 16 JPY to CNY is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 16 JPY to CNY?

Most likely you are traveling and want to get some Chinese Yuan Renminbi cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 16 Japanese Yen to Chinese Yuan Renminbi. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 16 JPY to CNY?

Usually you can find a local bank, post office or bureau de change to exchange 16 JPY to CNY. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Chinese Yuan Renminbi you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 16 JPY to CNY?

Use the tool we provided here to find the best exchange rates for 16 Japanese Yen to Chinese Yuan Renminbi. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 16 JPY in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

16 JPY to CNY exchange rates table

Exchange JPY to CNY
16 Japanese Yen = 0.964 Chinese Yuan Renminbi
32 Japanese Yen = 1.928 Chinese Yuan Renminbi
80 Japanese Yen = 4.820 Chinese Yuan Renminbi
160 Japanese Yen = 9.640 Chinese Yuan Renminbi
Exchange Japanese Yen to Chinese Yuan Renminbi
16 Japanese Yen to Chinese Yuan Renminbi 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/CNY exchange rate at World Currency Shop in Tokyo

16 JPY to CNY exchange rates at World Currency Shop in Tokyo
16 Japanese Yen = 0.873 Chinese Yuan Renminbi
World Currency Shop
World Currency Shop

WCS(World Currency Shop) is one of the largest Money Exchange network in Japan, operated by a subsidiary of MUFG Bank,LTD. Our shops can be found in various location such as Tokyo,Yokohama,Nagoya,Osaka,Kyoto and Fukuoka. We keep 21 foreign currency in stock all the time. For your added convenience,visit http://www.tokyo-card.co.jp/wcs/wcs-shop-e.php 外貨両替 外貨両替 お知らせ 本日のレート / rate 店舗案内 / shop 求人情報 外貨両替のホームページは携帯でもご覧いただけます! QRコード 上のQRコードを携帯カメラで撮れば、WCSサイトへアクセスできます。 今すぐアクセス! 外貨両替 カード会員のお客様 加盟店のお客様...

Best JPY/CNY exchange rate at Bank of China in Shanghai

16 JPY to CNY exchange rates at Bank of China in Shanghai
16 Japanese Yen = 0.934 Chinese Yuan Renminbi
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

Best JPY/CNY exchange rate at Tourex in Osaka

16 JPY to CNY exchange rates at Tourex in Osaka
16 Japanese Yen = 1.001 Chinese Yuan Renminbi
Tourex
Tourex

Welcome to the page of the Tourex Amerikamura store in Osaka, introduced by our Tourex Amerikamura staff. Address Osaka city, Chuo-ward, Nishi-Shinsaibashi 2-18-6 Tel (+81) 6-6484-2006 Open 10:30am - 6:30pm Trading currencies 12 countries Please find the 12 country's currencies listed below. USD USD ※ EUR EUR ※ CNY CNY ※ KRW KRW ※ HKD HKD ※ AUD AUD ※ TWD TWD ※ CAD CAD ※ THB THB ※ GBP GBP ※ PHP PHP ※ SGD SGD ※ MYR MYR ※ IDR IDR NZD NZD CHF CHF Sankaku Park (triangle park) The triangle park is...

16 JPY to CNY news tweets

16 JPY to CNY added 1 tweet
2019-03-21 11:10:01 UTC
Net Nonreportable Positions for Japanese Yen - Chicago Mercantile Exchange are less Short this week: https://t.co/IGabo9zzC6
16 JPY to CNY added 1 tweet
2019-03-21 11:12:33 UTC
Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen https://t.co/9gSyRPNi08 #News
16 JPY to CNY added 1 tweet
2019-03-21 11:12:35 UTC
Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen https://t.co/Y4u7whubDl https://t.co/VShICfJL4S
16 JPY to CNY added 1 tweet
2019-03-21 11:13:00 UTC
RT @crypto__mak: Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen https://t.co/9gSyRPNi08 #News
16 JPY to CNY added 1 tweet
2019-03-21 11:13:38 UTC
Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen – Cryptovest - https://t.co/wk8xIoj7tb https://t.co/37TbThSdK1
16 JPY to CNY added 1 tweet
2019-03-18 16:47:43 UTC
@priyaakulkarni2 Why are they using #USA $100 bills in this video, instead of #Chinese Currency? Are these… https://t.co/r1FnSIrWtI
16 JPY to CNY added 1 tweet
2019-03-18 18:35:24 UTC
EUR - Euro USD - US Dollar DNR - DINAR GBP - British Pound AUD - Australian Dollar CAD - Canadian Dollar AED - Emir… https://t.co/hOSvQURIGK
16 JPY to CNY added 1 tweet
2019-03-15 09:21:36 UTC
Ghana's economy also has ties with the Chinese yuan (renminbi) along with Ghana's vast gold reserves. Real estate i… https://t.co/NazonMJJc4
16 JPY to CNY added 1 tweet
2019-03-12 04:25:40 UTC
It is not just developed currencies that the Thai Baht has outpaced in the last 10 years. The $BHT is up almost 70… https://t.co/uxgHouXnUg
16 JPY to CNY added 1 tweet
2019-02-26 08:45:01 UTC
#ForexNews 📜 "The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 179 basis points… https://t.co/gF55p3SvNs

16 JPY to CNY news media

16 JPY to CNY added 1 medium
2019-03-21T14:12:42+01:00
USD/JPY. Japanese yen. 5H and 2H. No one of the critical and confirming levels have been changed yet. So, both scenarios are still under consideration. #jpy #japaneseyen #usdjpy #forextrader #traderlifestyle #forextrade #trading #forex #forextrader #forexsignals #forexlife #forexprofit #money #currency #finance #investing #waveanalysis #elliottwave
16 JPY to CNY added 1 medium
2019-03-21T20:28:43+01:00
#USDJPY TP1✅ . . . #usdollar #dollar #japaneseyen #forex #fx #technicalanalysis #trader #royalforex
16 JPY to CNY added 1 medium
2017-03-15T11:30:10+01:00
#photography #photographer #japan #blackandwhite #nippon #japaneseyen #yen #تصويري
16 JPY to CNY added 1 medium
2019-03-19T07:04:57+01:00
#dailycryptoupdate #cryptonews #crypscrow #kakaochat #cryptowallet #coincheck #sell #holding #btcsv #reimburse #japaneseyen #bithumb #reduce #staff #overstock #ecommerce #deferring #cash #cryptoventures #canada #proposes #cryptocurrency #shortselling #margintrading #ban
16 JPY to CNY added 1 medium
2019-03-19T15:44:23+01:00
#FOREX or #FUTURES | $USDJPY, June #JapaneseYen, $JYM19, Scalped +$263 per contract this morning with #daVinci, our #algorithmic #daytrading system for all liquid, traded markets.🎯 TRADE SMART, TRADE ALGOS! Reserve your end-user license for @MultiCharts, @TradeStation or @NinjaTrader...
16 JPY to CNY added 1 medium
2018-04-20T15:58:03+02:00
Still well kept by me, remains of travelling in 2014...and will be used soon, can’t wait! It’s not much about CNY 299 and 8 cents but not bad either for buying some snacks or souvenirs... 😅😜🤩🇨🇳 #cash #money #chinesecurrency #chineseyuan #cny #chineseyuanrenminbi #traveltoinnermongolia #innermongolia #northchina #china #eastasia #traveller #travelling #instatravel #igtravel #travelphoto #traveltheworld
16 JPY to CNY added 1 medium
2015-03-21T03:56:58+01:00
GREAT NEWS!! For my International Dolls ✌️We added a currency converter for 5 International Countries. Rates convert to USD but at least you can see pricing you are used to!💃Try clicking on our drop down! #alwaysworking #100percenthollywood #shop100percenthollywood #shop100percenthollywoodcom #eyeware #eyewear #custom #glasses #swarovski #sunglasses #frames #newsunglasses #style #instastyle #instafashion #instahollywood #trendy #hollywood #BritishPounds #Euro #AustralianDollar #CanadianDollar #ChineseYuanRenminbi #JapaneseYen #GBP #EUR #AUD #CNY #JPY#CAD
16 JPY to CNY added 1 medium
2015-06-11T12:39:54+02:00
Shut up and take my money! haha lol! #mycollection #moreplease #philippinepeso #USdollar #europeaneuro #singaporedollar #malysianringgit #indonesianrupiah #saudiriyal #iranianrial #vietnamesedong #thaibaht #brazilianreal #slovenianeuro #polishzloty #mexicanpeso #swissfranc #norwegiankrone #turkishlira #bosniaandherzegovinaconvertiblemark #australiandollar #britishpound #romanianleu #canadiandollar #chineseyuanrenminbi #peruviannuevosol #maldivianrufiyaa #zhongguorenminyinhang #macanesepataca #kuwaitidinar
16 JPY to CNY added 1 medium
2015-10-14T14:54:38+02:00
#banknote#papercurrency#currencynote#100yuan#onehundredyuan#chinacurrency#chinayuan#chinamoney#note_senyeow#senyeow2015
16 JPY to CNY added 1 medium
2015-10-14T15:03:27+02:00
1

16 JPY to CNY news videos

This video is selected and uploaded by Gazunda Services Ltd. It is not our property.
I show a couple uncommon or "rare" bills/notes that I got during my trip to Japan, as well as give a quick overview of what is ...
नमस्कार दोस्तों आज इस विडियो में जापान में कौन सी मुद्रा चलती है अच्छा लगता...
Hey! This time I test it again but in Japan! If you have only 1000Yen , What you can buy at Conbini in Japan? Let see it together !
Listen to me speak Japanese and English about money and phrases. Learn new vocabulary in your sleep! :)Please subscribe to ...
Learn how CNH & CNY relate to each other. And what about the HKD! A quick primer on the Chinese currency system!
Looking through yuan for good serial numbers and errors. ▽ More links below ▽ This is an affiliate link TO BUY CHINESE ...
The Chinese yuan has overtaken the euro to become the second most used currency in the global market place. Last year its ...
China is home to the world's second largest economy. But as time goes by the question remains: what will it take for the Yuan to ...

16 JPY to CNY news texts

Vietnam trainee, exploited in Fukushima, eyes return to Japan:

THAI BINH, Vietnam--Nguyen Duc Canh’s concerns about working in a deserted northeastern Japanese tow

11 days subjunctive positive
Major currency up

Uniindia: Mumbai, Mar 9 (UNI) Following were the indicative currency rates and travellers'' cheques buying and selling rates per unit.

11 days indicative neutral
Chinese Workers Flee Japan’s Controversial Work-Training System

Unscrupulous agents in China are luring workers into overseas placements with low pay and poor conditions.

15 days conditional neutral
Yi vows never to use renminbi for leverage in trade - Taipei Times

China has gone to great lengths to support its currency and would not devalue the yuan to spur exports or combat trade frictions, People’s Bank of China (PBOC) Governor Yi Gang (易綱) said yesterday.

11 days conditional positive

16 JPY to CNY currency converter

16 JPY to CNY exchange rates

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