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.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

21000000 Japanese Yen to Chinese Yuan Renminbi exchange rates chart

21000000 JPY to CNY exchange rates graph
21000000 JPY to CNY exchange 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.

21000000 JPY to CNY exchange rates FAQs

What is 21000000 JPY to CNY?

The meaning of 21000000 JPY to CNY is to exchange 21000000 Japanese Yen to Chinese Yuan Renminbi by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 21000000 JPY to CNY on the chart below.

Who can exchange 21000000 JPY to CNY?

Anyone with 21000000 Japanese Yen can find a local bank or a bureau de change to convert into Japanese Yen. However, if neither JPY nor CNY is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 21000000 JPY to CNY?

Due to the nature of the forex market, the exchange rates for 21000000 JPY to CNY is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 21000000 JPY to CNY?

Most likely you are traveling and want to get some Chinese Yuan Renminbi cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 21000000 Japanese Yen to Chinese Yuan Renminbi. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 21000000 JPY to CNY?

Usually you can find a local bank, post office or bureau de change to exchange 21000000 JPY to CNY. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Chinese Yuan Renminbi you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 21000000 JPY to CNY?

Use the tool we provided here to find the best exchange rates for 21000000 Japanese Yen to Chinese Yuan Renminbi. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 21000000 JPY in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

21000000 JPY to CNY exchange rates table

Exchange JPY to CNY
21000000 Japanese Yen = 1336584.521 Chinese Yuan Renminbi
42000000 Japanese Yen = 2673169.042 Chinese Yuan Renminbi
105000000 Japanese Yen = 6682922.604 Chinese Yuan Renminbi
210000000 Japanese Yen = 13365845.208 Chinese Yuan Renminbi
Exchange Japanese Yen to Chinese Yuan Renminbi
21000000 Japanese Yen to Chinese Yuan Renminbi 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/CNY exchange rate at World Currency Shop in Tokyo

21000000 JPY to CNY exchange rates at World Currency Shop in Tokyo
21000000 Japanese Yen = 1206896.552 Chinese Yuan Renminbi
World Currency Shop
World Currency Shop

WCS(World Currency Shop) is one of the largest Money Exchange network in Japan, operated by a subsidiary of MUFG Bank,LTD. Our shops can be found in various location such as Tokyo,Yokohama,Nagoya,Osaka,Kyoto and Fukuoka. We keep 21 foreign currency in stock all the time. For your added convenience,visit http://www.tokyo-card.co.jp/wcs/wcs-shop-e.php 外貨両替 外貨両替 お知らせ 本日のレート / rate 店舗案内 / shop 求人情報 外貨両替のホームページは携帯でもご覧いただけます! QRコード 上のQRコードを携帯カメラで撮れば、WCSサイトへアクセスできます。 今すぐアクセス! 外貨両替 カード会員のお客様 加盟店のお客様...

Best JPY/CNY exchange rate at Bank of China in Shanghai

21000000 JPY to CNY exchange rates at Bank of China in Shanghai
21000000 Japanese Yen = 1296351.000 Chinese Yuan Renminbi
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

Best JPY/CNY exchange rate at Tourex in Osaka

21000000 JPY to CNY exchange rates at Tourex in Osaka
21000000 Japanese Yen = 1111875.893 Chinese Yuan Renminbi
Tourex
Tourex

Welcome to the page of the Tourex Amerikamura store in Osaka, introduced by our Tourex Amerikamura staff. Address Osaka city, Chuo-ward, Nishi-Shinsaibashi 2-18-6 Tel (+81) 6-6484-2006 Open 10:30am - 6:30pm Trading currencies 12 countries Please find the 12 country's currencies listed below. USD USD ※ EUR EUR ※ CNY CNY ※ KRW KRW ※ HKD HKD ※ AUD AUD ※ TWD TWD ※ CAD CAD ※ THB THB ※ GBP GBP ※ PHP PHP ※ SGD SGD ※ MYR MYR ※ IDR IDR NZD NZD CHF CHF Sankaku Park (triangle park) The triangle park is...

21000000 JPY to CNY news tweets

21000000 JPY to CNY added 1 tweet
2019-07-21 00:37:44 UTC
RT @SeekingAlpha: Preparing For The Fed Meeting: Stick With The USD, Gold And Japanese Yen https://t.co/mjy6rvoLZz
21000000 JPY to CNY added 1 tweet
2019-07-21 00:36:19 UTC
RT @Visit_Japan: Some of the finest Japanese whiskey available to enjoy for your Yen. Kanpai!! "11 Best Japanese Whisky Brands" =>… https://t.co/0eIKBD6hDm
21000000 JPY to CNY added 1 tweet
2019-07-21 00:04:59 UTC
RT @TitaRoseShoiYen: Sooo, YEN, being Japanese representative, for ikapitong trono? Hahaha! Beke leng nemen. Syempre leben leng! TBAY… https://t.co/uqXIE3d82C
21000000 JPY to CNY added 1 tweet
2019-07-21 00:03:43 UTC
RT @AJtheHuntress: @_urban_Witch @cracked_star Hello, I am Artemis, a local weeb who draws Japanese related fanart that is not Anime.… https://t.co/ufKBSVwoS3
21000000 JPY to CNY added 1 tweet
2019-07-21 00:00:34 UTC
TODA RACING Chrome-molly flywheel For SXE10 ALTEZZA 3SG 22100-3SG-001 #GREDDY #blackhawkjapan ■ Price: ¥41290 Japan… https://t.co/64G5R2NFGP
21000000 JPY to CNY added 1 tweet
2019-07-15 20:38:49 UTC
RT @HashEconomy: Similarly, the transactions in Chinese Yuan were for Renminbi- denominated Letters of Credit. Mr. Okorafor also rei… https://t.co/bn3BpfUjZE
21000000 JPY to CNY added 1 tweet
2019-07-15 13:23:33 UTC
RT @HashEconomy: Similarly, the transactions in Chinese Yuan were for Renminbi- denominated Letters of Credit. Mr. Okorafor also rei… https://t.co/bn3BpfUjZE
21000000 JPY to CNY added 1 tweet
2019-07-15 13:06:53 UTC
Similarly, the transactions in Chinese Yuan were for Renminbi- denominated Letters of Credit. Mr. Okorafor also rei… https://t.co/bn3BpfUjZE
21000000 JPY to CNY added 1 tweet
2019-07-13 16:44:59 UTC
Philippine Stocks Should Reach 10,000 by 2021, Says ATR’s Tarrobago --- THE CHINESE YUAN (Renminbi) will be the OFF… https://t.co/NflN8q1yAS
21000000 JPY to CNY added 1 tweet
2019-07-12 19:00:00 UTC
Photo taken on July 9th shows a clerk counts cash at a bank in Huaibei, #Anhui province. It is crucial to maintain… https://t.co/xzTCIQMwU2

21000000 JPY to CNY news media

21000000 JPY to CNY added 1 medium
2019-07-13T14:20:57+02:00
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21000000 JPY to CNY added 1 medium
2019-07-13T14:17:32+02:00
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21000000 JPY to CNY added 1 medium
2019-07-12T05:08:17+02:00
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21000000 JPY to CNY added 1 medium
2019-06-29T21:31:28+02:00
Gbpjpy (Pound sterling - Japanese yen) forecast Forex signals telegram channel. Join us! Link in bio. #thunderpipsforex #thunderpipsfx #thunderpips #gbp #gbpjpy #poundsterling #japaneseyen #pound #jpy #cable #forexuk #forexjapan #forextraders #forexsignal #forexmoney #forexprofit #forexlife #forexlifestyle #forex #forexsignals #forexmarket #forextrade #forextrader #forexanalysis #fxsignals #trading #tradingforex #pips #profits
21000000 JPY to CNY added 1 medium
2019-06-28T00:18:50+02:00
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21000000 JPY to CNY added 1 medium
2015-10-14T15:50:34+02:00
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21000000 JPY to CNY added 1 medium
2015-03-21T03:56:58+01:00
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21000000 JPY to CNY added 1 medium
2019-05-14T02:03:53+02:00
Thank You so much for all of these sign off gifts and for arranging a farewell midnight food party at the office before I sign off! It was a blast! Thanks Qiaoyan,Eli,Zhai Jing and Leo who were my best buddies in the team for the whole contract! I highly appreciated all your efforts and heartwarming feedbacks on me. Gonna miss you all guys and till we meet again! Let’s keep learning and never give up ! Keep in touch! #FarewellSignoffGifts #ChineseBestBuddies #TeamGuestServices #QuantumOfTheSeas #TeamRoyalCaribbean #QuantumOTSHoodyJacket #SweetChocs #ChineseYuanRenminbi
21000000 JPY to CNY added 1 medium
2016-05-03T13:11:19+02:00
#renminbi with illustration figure of #ethnicminorities in #china #yiyuan #instacurrency #lookoftheday #chinacurrency #yuan #kurs #uangasing #valutaasing #chineseyuanrenminbi #peoplerepublicofchina #potd #followme #likeforlike

21000000 JPY to CNY news texts

China's currency is expected to fall below its own 'red line,' prompting more complaints from US
China's currency is expected to fall below its own 'red line,' prompting more complaints from US

Strategists expect China's weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and no doubt draw a new round of criticism from the Trump administration.

9 months conditional negative
China's yuan plunges again. Is a currency war coming?
China's yuan plunges again. Is a currency war coming?

China's yuan hit its lowest level against the US dollar in over a year on Friday, and has now fallen by more than 8% in the past three months.

8 months conditional positive

21000000 JPY to CNY currency converter

21000000 JPY to CNY exchange rates

2000 CZK to SEK
Helsinki, Republic of Finland.
100 EUR to MYR
Kuala Lumpur, Malaysia.
10 JPY to EUR
Yokohama, Japan.
20 ILS to CZK
Tel Aviv, State of Israel.
18 INR to SAR
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100 EUR to DZD
Taichung, Taiwan.
10000 INR to GBP
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1500 CNY to HKD
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100 CAD to TWD
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100 SAR to INR
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100 OMR to USD
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100 SAR to INR
Jeddah, Kingdom of Saudi Arabia.
100 USD to COP
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20 XOF to NGN
Almere Stad, Kingdom of the Netherlands.
30 MOP to MNT
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