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.

Malaysian Ringgit

Malaysian Ringgit

The Malaysian ringgit (; plural: ringgit; symbol: RM; currency code: MYR; formerly the Malaysian dollar) is the currency of Malaysia. It is divided into 100 sen (cents). The ringgit is issued by the Bank Negara Malaysia.

26 Japanese Yen to Malaysian Ringgit exchange rates chart

26 JPY to MYR exchange rates graph
26 JPY to MYR 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.

26 JPY to MYR exchange rates table

Exchange JPY to MYR
26 Japanese Yen = 0.981 Malaysian Ringgit
52 Japanese Yen = 1.962 Malaysian Ringgit
130 Japanese Yen = 4.905 Malaysian Ringgit
260 Japanese Yen = 9.811 Malaysian Ringgit
Exchange Japanese Yen to Malaysian Ringgit
26 Japanese Yen to Malaysian Ringgit 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/MYR rate at World Currency Shop in Tokyo

26 JPY to MYR exchange rates at World Currency Shop in Tokyo
26 Japanese Yen = 0.838 Malaysian Ringgit
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/MYR rate at Merchantrade Asia in Kuala Lumpur

26 JPY to MYR exchange rates at Merchantrade Asia in Kuala Lumpur
26 Japanese Yen = 0.985 Malaysian Ringgit
Merchantrade Asia
Merchantrade Asia

Merchantrade Money Exchange is the largest money exchange network offering competitive rates, 365 days a year. We have 84 outlets and over 400 agent locations – duty-free zones, travel agents, luxury hotels and major shopping malls across the country. We constantly acquire new partners and are expanding to new locations to serve our customers better. Kl Sentral DH5, Departure Hall, Level 1, KL City Air Terminal, KL Sentral Station, Kuala Lumpur 50470, Malaysia Operating Hours Mon - Sun 9:00...

Best JPY/MYR rate at Jalinan Duta in Kuala Lumpur

26 JPY to MYR exchange rates at Jalinan Duta in Kuala Lumpur
26 Japanese Yen = 980.200 Malaysian Ringgit
Jalinan Duta
Jalinan Duta

Our Services We provide a wide range of foreign currency exchange and related services for both private and corporate clients. Since 2001, Jalinan Duta Sdn Bhd has established itself as a successful and respected currency exchange company. Our Commitment The company is committed to excellence. We aim to provide our clients with outstanding personalized service and value for their money, from the smallest cash transaction to large corporate transaction. Our Values Our standards and our values...

Best JPY/MYR rate at MaxMoney in Kuala Lumpur

26 JPY to MYR exchange rates at MaxMoney in Kuala Lumpur
26 Japanese Yen = 981.500 Malaysian Ringgit
MaxMoney
MaxMoney

With more than 30 years in business, we are the best and most innovative money service business in Malaysia, enabling both individual and business customers to exchange and transfer anytime anywhere. MaxMoney is the first Malaysian company to obtain a full-fledged Money Service Business (MSB) License, regulated by Bank Negara Malaysia. We cover more than 100 foreign currencies, catering to 190 countries across the continents. No matter which currency they choose, our customers will always...

26 JPY to MYR 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.

7 days conditional negative
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8 days conditional positive
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'Speedy Gonzales' deal: CEO, ex-Tourism M'sia official in court as MACC seeks remand
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PUTRAJAYA: A former top official of Tourism Malaysia has been arrested by the Malaysian Anti-Corruption Commission (MACC) over funds from the agency involving millions of ringgit.

8 days subjunctive negative
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9 days indicative negative

26 JPY to MYR currency converter