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.

Ghanaian Cedi

Ghanaian Cedi

The Ghanaian cedi (currency sign: GH₵; currency code: GHS) is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas (Gp). After it gained independence Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The new republic's first independent currency was the Ghanaian pound (1958-1965). In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. The African name Cedi (1965-1967) was introduced in place of the old British pound system. Ghana's first President Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The cedi was equivalent to eight shillings and four pence (8s 4d) and bore the portrait of the President. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. The "new cedi" (1967-2007) was worth 1.2 cedis which made it equal to half of a pound sterling at its introduction. After decades of high inflation devalued the new cedi, it was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. In 2007 the largest of the new cedi banknotes, the 20,000 note, had a value of about US$2. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. It has since lost about 75% of its value.

23 Japanese Yen to Ghanaian Cedi exchange rates chart

23 JPY to GHS exchange rates graph
23 JPY to GHS 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.

23 JPY to GHS exchange rates FAQs

What is 23 JPY to GHS?

The meaning of 23 JPY to GHS is to exchange 23 Japanese Yen to Ghanaian Cedi 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 23 JPY to GHS on the chart below.

Who can exchange 23 JPY to GHS?

Anyone with 23 Japanese Yen can find a local bank or a bureau de change to convert into Japanese Yen. However, if neither JPY nor GHS 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 23 JPY to GHS?

Due to the nature of the forex market, the exchange rates for 23 JPY to GHS 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 23 JPY to GHS?

Most likely you are traveling and want to get some Ghanaian Cedi cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 23 Japanese Yen to Ghanaian Cedi. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 23 JPY to GHS?

Usually you can find a local bank, post office or bureau de change to exchange 23 JPY to GHS. 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 Ghanaian Cedi 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 23 JPY to GHS?

Use the tool we provided here to find the best exchange rates for 23 Japanese Yen to Ghanaian Cedi. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 23 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!

23 JPY to GHS exchange rates table

Exchange JPY to GHS
23 Japanese Yen = 1.121 Ghanaian Cedi
46 Japanese Yen = 2.242 Ghanaian Cedi
115 Japanese Yen = 5.604 Ghanaian Cedi
230 Japanese Yen = 11.208 Ghanaian Cedi
Exchange Japanese Yen to Ghanaian Cedi
23 Japanese Yen to Ghanaian Cedi 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.

23 JPY to GHS news tweets

23 JPY to GHS added 1 tweet
2019-03-21 11:10:01 UTC
Net Nonreportable Positions for Japanese Yen - Chicago Mercantile Exchange are less Short this week: https://t.co/IGabo9zzC6
23 JPY to GHS added 1 tweet
2019-03-21 11:12:33 UTC
Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen https://t.co/9gSyRPNi08 #News
23 JPY to GHS added 1 tweet
2019-03-21 11:12:35 UTC
Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen https://t.co/Y4u7whubDl https://t.co/VShICfJL4S
23 JPY to GHS added 1 tweet
2019-03-21 11:13:00 UTC
RT @crypto__mak: Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen https://t.co/9gSyRPNi08 #News
23 JPY to GHS added 1 tweet
2019-03-21 11:13:38 UTC
Coincheck to Keep Bitcoin SV (BSV) and Compensate Users in Japanese Yen – Cryptovest - https://t.co/wk8xIoj7tb https://t.co/37TbThSdK1
23 JPY to GHS added 1 tweet
2019-03-21 03:30:26 UTC
#MorningAddiction Google has apologized to Ghana's finance ministry and central bank for displaying a wrong exchang… https://t.co/mDGJGRcE3X
23 JPY to GHS added 1 tweet
2019-03-21 07:38:01 UTC
The cedi doing well today doesn't secure the future, the future basically is dependent on our imports and what we w… https://t.co/qlipbF0M0N
23 JPY to GHS added 1 tweet
2019-03-21 08:30:56 UTC
Google apologises for Ghanaian cedi mistake https://t.co/5m2FDShxk7 via @BBCNews
23 JPY to GHS added 1 tweet
2019-03-21 08:38:55 UTC
At Night, This Children Account For Every Cedi You Give Them To Their Maters. #EndHumanTrafficking #KidsOurFuture… https://t.co/hKrihwNCKh
23 JPY to GHS added 1 tweet
2019-03-21 09:16:06 UTC
Good news. The cedi is gaining strenth-. Today, 1 United States Dollar equals 5.39 Ghanaian Cedi. It was 5.65 last… https://t.co/Yuea9CvfM1

23 JPY to GHS news media

23 JPY to GHS added 1 medium
2019-03-21T14:12:42+01:00
USD/JPY. Japanese yen. 5H and 2H. No one of the critical and confirming levels have been changed yet. So, both scenarios are still under consideration. #jpy #japaneseyen #usdjpy #forextrader #traderlifestyle #forextrade #trading #forex #forextrader #forexsignals #forexlife #forexprofit #money #currency #finance #investing #waveanalysis #elliottwave
23 JPY to GHS added 1 medium
2019-03-21T20:28:43+01:00
#USDJPY TP1✅ . . . #usdollar #dollar #japaneseyen #forex #fx #technicalanalysis #trader #royalforex
23 JPY to GHS added 1 medium
2017-03-15T11:30:10+01:00
#photography #photographer #japan #blackandwhite #nippon #japaneseyen #yen #تصويري
23 JPY to GHS added 1 medium
2019-03-19T07:04:57+01:00
#dailycryptoupdate #cryptonews #crypscrow #kakaochat #cryptowallet #coincheck #sell #holding #btcsv #reimburse #japaneseyen #bithumb #reduce #staff #overstock #ecommerce #deferring #cash #cryptoventures #canada #proposes #cryptocurrency #shortselling #margintrading #ban
23 JPY to GHS added 1 medium
2019-03-19T15:44:23+01:00
#FOREX or #FUTURES | $USDJPY, June #JapaneseYen, $JYM19, Scalped +$263 per contract this morning with #daVinci, our #algorithmic #daytrading system for all liquid, traded markets.🎯 TRADE SMART, TRADE ALGOS! Reserve your end-user license for @MultiCharts, @TradeStation or @NinjaTrader...
23 JPY to GHS added 1 medium
2013-09-21T23:44:58+02:00
Cleaning out my desk I found an international bank of all the places I've been in 2013...what an outstanding travel year! #HungarianForint #Canadiandollars #KenyanShillings #Ghanaiancedi #DanishKroner #euro #currency #travel
23 JPY to GHS added 1 medium
2014-07-02T23:46:29+02:00
#london#paris#france#newyork #whiteshoes#white#black #blackafrican#instalove#instatrend #skirt#ghanaiancedi#ghc #instafamous#instafashion #instafollow#follow#Ghanaian #vogue
23 JPY to GHS added 1 medium
2014-07-05T22:01:10+02:00
#paris#france#newyork #whiteshoes#white#black #blackafrican#instalove#instatrend #skirt#ghanaiancedi#ghc #instafamous#instafashion #instafollow#follow#Ghanaian #vogue#Beyonce#Hat#shots#Diva#BlackandWhite#Africa#newyork #whiteshoes#white#black #blackafrican#instalove#instatrend #skirt#ghanaiancedi#ghc #instafamous#instafashion #instafollow#follow#Ghanaian #vogue#Beyonce#Hat#Shots#Diva#BlackandWhite#Africa#JamesTown
23 JPY to GHS added 1 medium
2014-12-07T15:36:50+01:00
WEAR WITH PRIDE AND WITH PASSION WITH RETROSPECT_GHANA AND @RETROSPECT_MEN
23 JPY to GHS added 1 medium
2015-07-09T15:43:03+02:00
Our Money Throwback #ThrowbackThursday #tbt #ThemTimes #Ghana #GhanaianCedi #Money

23 JPY to GHS news videos

This video is selected and uploaded by Gazunda Services Ltd. It is not our property.
I show a couple uncommon or "rare" bills/notes that I got during my trip to Japan, as well as give a quick overview of what is ...
नमस्कार दोस्तों आज इस विडियो में जापान में कौन सी मुद्रा चलती है अच्छा लगता...
Hey! This time I test it again but in Japan! If you have only 1000Yen , What you can buy at Conbini in Japan? Let see it together !
Listen to me speak Japanese and English about money and phrases. Learn new vocabulary in your sleep! :)Please subscribe to ...
Visit http://www.3news.com/tv3 for more. Subscribe for more Updates: http://goo.gl/70xoB TV3 First in News Best in Entertainment.
Want to know the currency in Ghana? Visit http://currencyname.com/ghana to learn more about Ghana… currency and the latest ...
Monday morning Robing @ 9:00Am.

23 JPY to GHS news texts

Vietnam trainee, exploited in Fukushima, eyes return to Japan:

THAI BINH, Vietnam--Nguyen Duc Canh’s concerns about working in a deserted northeastern Japanese tow

12 days subjunctive positive
Major currency up

Uniindia: Mumbai, Mar 9 (UNI) Following were the indicative currency rates and travellers'' cheques buying and selling rates per unit.

12 days indicative neutral
Chinese Workers Flee Japan’s Controversial Work-Training System

Unscrupulous agents in China are luring workers into overseas placements with low pay and poor conditions.

16 days conditional neutral
Some Expectations On State Of The Nation Address

Some Expectations On State Of The Nation Address

about 1 month subjunctive positive
It's Bad; Times Are Really Hard In Ghana – Yvonne Nelson

It's Bad; Times Are Really Hard In Ghana – Yvonne Nelson

3 months indicative negative
Cedi, 7 Others Appreciate Against Dollar

Cedi, 7 Others Appreciate Against Dollar

4 months indicative neutral
Recent cedi depreciation is temporary - BoG Official

The recent blip in the foreign exchange market that saw a slight depreciation of the cedi against the dollar is short-term and a reflection of a spillover from external developments, an official of the Bank of Ghana has said.

4 months conditional positive

23 JPY to GHS currency converter

23 JPY to GHS exchange rates

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