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.

Afghan Afghani

Afghan Afghani

The afghani (sign: Afs; code: AFN; Pashto: افغانۍ; Dari: افغانی) is the currency of Afghanistan, issued by the central bank Da Afghanistan Bank. It is nominally subdivided into 100 pul (پول), although there are no pul coins currently in circulation.

1 Japanese Yen to Afghan Afghani exchange rates chart

1 JPY to AFN exchange rates graph
1 JPY to AFN 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.

1 JPY to AFN exchange rates table

Exchange JPY to AFN
1 Japanese Yen = 0.667 Afghan Afghani
2 Japanese Yen = 1.334 Afghan Afghani
5 Japanese Yen = 3.336 Afghan Afghani
10 Japanese Yen = 6.672 Afghan Afghani
Exchange Japanese Yen to Afghan Afghani
1 Japanese Yen to Afghan Afghani 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.

1 JPY to AFN 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
Pentagon confirms US general shot in Afghanistan Taliban attack

Brig Gen Jeffrey Smiley was wounded on Thursday in Kandahar, in attack in which two senior provincial officials were assassinated

conditional positive
Foreign Meddling Impedes Afghani Peace

Afghanistan will never experience peace as long as foreigners, including the Americans and NATO forces, are present in the war-ravaged country, a lawmaker said.

conditional negative
Kerala deportee reveals IS secrets

He illegally entered Afghanistan

conditional positive
Displaced victims of worst Afghan drought in years fear harsh winter

Mahiuddin, a 35 year-old farmer from Badghis, a mountainous province in western Afghanistan, has been living in a camp outside the city of Herat for months, one of tens of thousands displaced by the worst drought the country has seen in years.

conditional negative

1 JPY to AFN currency converter