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.

Bangladeshi Taka

Bangladeshi Taka

The Bangladeshi taka (Bengali: টাকা, sign: ৳ or Tk, code: BDT) is the currency of the People's Republic of Bangladesh. Issuance of banknotes ৳10 and larger is controlled by Bangladesh Bank, and for the ৳2 and ৳5 banknotes, which are the responsibility of the Ministry of Finance of the government of Bangladesh. The most commonly used symbol for the taka is "৳" and "Tk", used on receipts while purchasing goods and services. ৳1 is subdivided into 100 poisha.

1 Japanese Yen to Bangladeshi Taka exchange rates chart

1 JPY to BDT exchange rates graph
1 JPY to BDT 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 BDT exchange rates table

Exchange JPY to BDT
1 Japanese Yen = 0.736 Bangladeshi Taka
2 Japanese Yen = 1.472 Bangladeshi Taka
5 Japanese Yen = 3.680 Bangladeshi Taka
10 Japanese Yen = 7.361 Bangladeshi Taka
Exchange Japanese Yen to Bangladeshi Taka
1 Japanese Yen to Bangladeshi Taka 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 BDT exchange rates news

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

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Japan provides 510 million Yen to assist Pakistan’s efforts for Polio Eradication - Pakistan

English News and Press Release on Pakistan about Contributions, Health, Children and Epidemic; published on 19 Nov 2018 by Govt. Japan and UNICEF

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Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short

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Week-Ahead Forecast For The GBP To JPY Exchange Rate: Eyes On BOJ Gov Kuroda And PM May Leadership

After weak performance in recent weeks, the Japanese Yen saw a resurgence in demand last week that helped it to capitalise against plummeting Pound

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Local exporters on edge

Bangladesh has been losing its competitiveness in global trade as many of its competing countries' currencies have depreciated more than the taka. In the last one year, the local currency has lost 3.71 percent of its value against the US dollar, while the currencies of some other competing countries depreciated more than 10 percent. For instance, in the last one year, the Indian rupee depreciated 13.58 percent against the greenback, followed by the Indonesian rupiah at 12.79 percent, the Sri Lankan rupee at 11.39 percent and the Chinese yuan at 5.35 percent.

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Bangladesh drafts new legislation seen targeting press freedom

Bangladesh has drafted a bill that would punish media outlets if they publish or broadcast anything deemed to be against the "public interest", in a move that journalists fear could further stifle press freedom in the south Asian country.

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6 things you should do to prepare for the next recession

Kirill Kolchanov/Strelka InstituteDon't change your investment strategy. Your long-term savings will regain their value over time.Market fluctuations are a

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Staggering photos show what daily life is really like in Dhaka, the most crowded city in the world

More than 19.5 million people live in Dhaka, the capital of Bangladesh. Daily life in Dhaka revolves around local markets and the Buriganga river.

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1 JPY to BDT currency converter