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.

Albanian Lek

Albanian Lek

The lek (Albanian: Leku Shqiptar; plural lekë) (sign: L; code: ALL) is the official currency of Albania. It is subdivided into 100 qindarka (singular qindarkë), although qindarka are no longer issued.

1 Japanese Yen to Albanian Lek exchange rates chart

1 JPY to ALL exchange rates graph
1 JPY to ALL 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 ALL exchange rates table

Exchange JPY to ALL
1 Japanese Yen = 0.994 Albanian Lek
2 Japanese Yen = 1.988 Albanian Lek
5 Japanese Yen = 4.970 Albanian Lek
10 Japanese Yen = 9.940 Albanian Lek
Exchange Japanese Yen to Albanian Lek
1 Japanese Yen to Albanian Lek 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 ALL 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.

12 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

13 days conditional positive
2018 Winners & Losers

Of 120 currencies monitored, only nine have lifted against the greenback in 2018.

about 1 month indicative negative
Hundreds of capital students protest price hikes in front of Education Ministry
Hundreds of capital students protest price hikes in front of Education Ministry

TIRANA, Dec. 5 - On Wednesday, Construction Engineering, Architecture and Urban Development students took the streets of Tirana in protest of the government’s decision to raise education fees. Among some the students’ demands is to remove a 670 Albanian Lek fee for every credit left to be ob

about 2 months conditional neutral
Albania’s currency stabilises against the euro

Albania’s national currency, the lek, has finally stabilised against the euro following an unprecedented strengthening. The Albanian lek ...

about 2 months indicative neutral
Ageing population, migration rated as key threats to Albania’s poor labor productivity
Ageing population, migration rated as key threats to Albania’s poor labor productivity

TIRANA, Aug. 13 - Rapidly ageing population and high migration rates pose key threats to Albania's labor productivity which already remains Europe's poorest performing, warns the World Bank. In a report examining job dynamics in the country, the World Bank describes Albania’s labor pr

about 2 months indicative negative

1 JPY to ALL currency converter