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.

Turkish Lira

Turkish Lira

The Turkish lira (Turkish: Türk lirası; sign: ₺; code: TRY; usually abbreviated as TL) is the currency of Turkey and the self-declared Turkish Republic of Northern Cyprus. The Turkish lira is subdivided into 100 kuruş.

20 Japanese Yen to Turkish Lira exchange rates chart

20 JPY to TRY exchange rates graph
20 JPY to TRY 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.

20 JPY to TRY exchange rates table

Exchange JPY to TRY
20 Japanese Yen = 0.963 Turkish Lira
40 Japanese Yen = 1.926 Turkish Lira
100 Japanese Yen = 4.814 Turkish Lira
200 Japanese Yen = 9.628 Turkish Lira
Exchange Japanese Yen to Turkish Lira
20 Japanese Yen to Turkish Lira 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/TRY rate at Isbank in Istanbul

20 JPY to TRY exchange rates at Isbank in Istanbul
20 Japanese Yen = 0.926 Turkish Lira
Isbank
Isbank

Türkiye İş Bankası or simply İşbank is Turkey's largest bank. It was the first bank founded by the Turkish Republic.[4] İşbank was ranked 96th in a survey of "The World's Biggest 1000 Banks”.[5] It was ranked and 447 on the Forbes Global 2000 list for 2015.[6] It had a gross profit for 2015 of TRY 3.023 billion[2] and USD 6.8 billion in Tier I Capital, as defined by Basel’s Bank for International Settlements. İşBank's world headquarters in Levent, Istanbul The bank operates 1,354 branches...

20 JPY to TRY exchange rates news

Crude Oil Downtrend Resumes, AUD May Fall as Asia Stocks Decline

Crude oil prices tumbled, may rise briefly next. S&P 500 gapped lower as global stocks fell as US Dollar gained with Fed rate hike bets.

imperative negative
Dollar pressured by cautious Fed comments, yen sticks at 112:

SINGAPORE--The dollar hit a near two-week low against its peers on Tuesday with sentiment soured by

conditional neutral
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
Turkey halts lira’s free fall — but it’s not out of the woods yet
Turkey halts lira’s free fall — but it’s not out of the woods yet

Turkey’s central bank intervened to halt the free fall of the Turkish lira on Wednesday, but it is uncertain whether it was enough to stave off a currency crisis.

conditional positive
Who and what is moving the Turkish Lira?: Analysis - Latest News

The Turkish lira has witnessed some dramatic price movements in August 2018. Needless to say, changes in capital holdings can significantly explain price variations.

conditional negative
Turkish Lira firms to its strongest in two months against dollar - Latest News

The Turkish Lira hit almost its strongest rate against the dollar in more than two months, reflecting growing optimism about an improvement in ties with the United States after the return of a U.S. pastor last week.

indicative neutral
The Turkish lira is falling again — but stock market investors are returning to Turkey at their fastest rate in half a decade

UBS said Turkish stock markets saw their strongest inflows since January 2013 in the week to August 15 as investors "buy the dip."

conditional negative
Turkey’s retail sales fall for first time since early 2017

Turkey’s retail sales fall for first time since early 2017. Consumers tighten belts with country mired in a currency crisis and wary of sliding into a debt crisis coupled with a steep recession.

conditional negative

20 JPY to TRY currency converter