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.

Russian Ruble

Russian Ruble

The Russian ruble or rouble (Russian: рубль rublʹ, plural: рубли́ rubli; sign: ₽, руб; code: RUB) is the currency of the Russian Federation, the two partially recognized republics of Abkhazia and South Ossetia and the two unrecognized republics of Donetsk and Luhansk. The ruble is subdivided into 100 kopeks (sometimes written as kopecks or copecks; Russian: копе́йка kopeyka, plural: копе́йки kopeyki). The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). Today, apart from Russia, Belarus and Transnistria use currencies with the same name. The ruble was the world's first decimal currency: it was decimalised in 1704 when the ruble became equal to 100 kopeks.In 1992 the Soviet ruble (code: SUR) was replaced with the Russian ruble (code: RUR) at the rate 1 SUR = 1 RUR. In 1998 preceding the financial crisis, the Russian ruble was redenominated with the new code "RUB" and was exchanged at the rate of 1 RUB = 1,000 RUR.

1 Japanese Yen to Russian Ruble exchange rates chart

1 JPY to RUB exchange rates graph
1 JPY to RUB 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 RUB exchange rates table

Exchange JPY to RUB
1 Japanese Yen = 0.616 Russian Ruble
2 Japanese Yen = 1.233 Russian Ruble
5 Japanese Yen = 3.082 Russian Ruble
10 Japanese Yen = 6.165 Russian Ruble
Exchange Japanese Yen to Russian Ruble
1 Japanese Yen to Russian Ruble 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.

Best JPY/RUB rate at Lanta Bank in Moscow

1 JPY to RUB exchange rates at Lanta Bank in Moscow
1 Japanese Yen = 0.605 Russian Ruble
Lanta Bank
Lanta Bank

JSCB "Lanta-Bank" (JSC) was found on June 24, 1992 Following the strategy of the universal credit organization development the Bank is constantly working at the resource base increasing and the complex of rendered services widening, improving risk management system and analytical base. The Bank is constantly widening its scope of work at the equities market, increasing its credit portfolio and widening its presence at the inter-bank market, strengthening its position at the precious metals...

1 JPY to RUB 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.

5 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

6 days conditional positive
Dollar Losing Ground As Year-End Approaches

WASHINGTON (Alliance News) - The dollar is pulling back against its major rivals Friday ...

18 days conditional positive
Coal mining turns laundering: new facts on Moldovan laundromat

Russian coal mines’ owner Ruslan Rostovtsev was involved in laundering over $400 million through his network of offshore and British companies, as new published documents reveal.

7 days conditional neutral
Investigation into ex-governor of Russia’s Mari El Republic completed

Russian Legal Information Agency (RAPSI).

18 days indicative negative

1 JPY to RUB currency converter