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.

Haitian Gourde

Haitian Gourde

The gourde (French: [ɡuʁd]) or goud (Haitian Creole: [ɡud]) is the currency of Haiti. Its ISO 4217 code is HTG and it is divided into 100 centimes (French) or santim (Creole). The word gourde comes from the French word gourd, or "heavy", which itself derives from the Latin gurdus, or "stupid person".

1 Japanese Yen to Haitian Gourde exchange rates chart

1 JPY to HTG exchange rates graph
1 JPY to HTG 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 HTG exchange rates table

Exchange JPY to HTG
1 Japanese Yen = 0.712 Haitian Gourde
2 Japanese Yen = 1.423 Haitian Gourde
5 Japanese Yen = 3.558 Haitian Gourde
10 Japanese Yen = 7.117 Haitian Gourde
Exchange Japanese Yen to Haitian Gourde
1 Japanese Yen to Haitian Gourde 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 HTG 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.

8 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

9 days conditional positive
Former Haiti president backs PetroCaribe probe

PORT AU PRINCE, Haiti (CMC) — Former Haiti president Michel Martelly says he remains suppor...

about 2 months indicative positive
Haiti president reaffirms commitment to PetroCaribe probe
Haiti president reaffirms commitment to PetroCaribe probe

PORT AU PRINCE, Haiti (CMC) — President Jovenel Moise is promising that no one R...

2 months conditional neutral
Haiti launches campaign to vaccinate babies against several diseases
Haiti launches campaign to vaccinate babies against several diseases

PORT AU PRINCE, Haiti (CMC) — Haiti has launched a campaign to vaccinate all babies against...

2 months conditional neutral

1 JPY to HTG currency converter