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.

Serbian Dinar

Serbian Dinar

The dinar (Serbian Cyrillic: динар, pronounced [dînaːr]; paucal: dinara / динара; sign: din; code: RSD) is the official currency of Serbia and unofficially, Kosovo. The earliest use of the dinar dates back to 1214.

1 Japanese Yen to Serbian Dinar exchange rates chart

1 JPY to RSD exchange rates graph
1 JPY to RSD 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 RSD exchange rates table

Exchange JPY to RSD
1 Japanese Yen = 0.919 Serbian Dinar
2 Japanese Yen = 1.839 Serbian Dinar
5 Japanese Yen = 4.597 Serbian Dinar
10 Japanese Yen = 9.195 Serbian Dinar
Exchange Japanese Yen to Serbian Dinar
1 Japanese Yen to Serbian Dinar 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 RSD 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

subjunctive positive
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

subjunctive neutral
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

conditional neutral
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

conditional negative
B92 - internet, radio and TV station; Latest news in English - on

Latest Serbia news in English, latest Kosovo news in English, Serbian economy news, Serbian business news, Serbian politics news, Balkan regional news in English

indicative neutral
Fed decision won’t change dollar outlook
Fed decision won’t change dollar outlook

The Federal Reserve is expected to signal a December rate hike later. But the move is already priced in and expectations for future hikes haven't changed in...

conditional positive
Serbia's central bank keeps benchmark rate unchanged at 3 percent
Serbia's central bank keeps benchmark rate unchanged at 3 percent

Inflation, policy easing key reasons for keeping rates on hold; Uncertainties abroad also a factor, central bank says

conditional neutral
Serbia's c-bank sets limits on euro/dinar rates at currency exchange shops
Serbia's c-bank sets limits on euro/dinar rates at currency exchange shops

BELGRADE (Serbia), November 8 (SeeNews) - Serbia's central bank said on Thursday it decided to limit the euro/dinar rate applied in exchange offices to

indicative neutral

1 JPY to RSD currency converter