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.

Philippine Peso

Philippine Peso

The Philippine peso, also referred to by its Filipino name piso (Philippine English: , , plural pesos; Filipino: piso [ˈpiso, pɪˈso]; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 centavos or sentimos in Filipino. As a former colony of the United States, the country used English on its currency, with the word "peso" appearing on notes and coinage until 1967. Since the adoption of the usage of the Filipino language on banknotes and coins, the term "piso" is now used. From September 2017 to 2 August 2018, the ISO 4217 standard referred to the currency by the Filipino term "piso". It has since been changed back to "peso".The peso is usually denoted by the symbol "₱". Other ways of writing the Philippine peso sign are "PHP", "PhP", "Php", or just "P". The "₱" symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1 (₱). The symbol can be accessed through some word processors by typing in "20b1" and then pressing the Alt and X buttons simultaneously. This symbol is unique to the Philippines as the symbol used for the peso in countries like Mexico and other former colonies of Spain in Latin America is "$".Banknotes and coins of the Philippines are minted and printed at the Security Plant Complex of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) in Quezon City.

2 Japanese Yen to Philippine Peso exchange rates chart

2 JPY to PHP exchange rates graph
2 JPY to PHP 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.

2 JPY to PHP exchange rates table

Exchange JPY to PHP
2 Japanese Yen = 0.933 Philippine Peso
4 Japanese Yen = 1.866 Philippine Peso
10 Japanese Yen = 4.664 Philippine Peso
20 Japanese Yen = 9.329 Philippine Peso
Exchange Japanese Yen to Philippine Peso
2 Japanese Yen to Philippine Peso 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/PHP rate at World Currency Shop in Tokyo

2 JPY to PHP exchange rates at World Currency Shop in Tokyo
2 Japanese Yen = 0.797 Philippine Peso
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/PHP rate at Metrobank in Quezon City

2 JPY to PHP exchange rates at Metrobank in Quezon City
2 Japanese Yen = 0.891 Philippine Peso
Metrobank
Metrobank

Metropolitan Bank and Trust Company Headquarters: Metrobank Plaza, Sen. Gil J. Puyat Avenue, Makati City. (632) 8700 - 700 Metrobank is a leading financial conglomerate with diversified business portfolio including: investment banking, thrift banking, leasing and financing, bancassurance, and credit cards. Offers full range banking services to large local and multinational corporations, middle market and SMEs, high net-worth individuals and retail segment. Established in 1962 to provide...

Best JPY/PHP rate at Robinsons Bank in Quezon City

2 JPY to PHP exchange rates at Robinsons Bank in Quezon City
2 Japanese Yen = 0.900 Philippine Peso
Robinsons Bank
Robinsons Bank

Robinsons Bank, the financial services arm of the JG Summit Group of companies, is one of the fastest growing commercial banks in the Philippines in terms of capitalization and asset size. The bank is 60.0% owned by JG Summit Capital Services Corp. and 40.0% owned by Robinsons Retail Holdings, Inc., a listed company since November 2013. Company Overview Robinsons Bank is a full-service Philippine commercial bank which delivers hallmark value and convenience to its customers, business...

Best JPY/PHP rate at Security Bank in Quezon City

2 JPY to PHP exchange rates at Security Bank in Quezon City
2 Japanese Yen = 0.903 Philippine Peso
Security Bank
Security Bank

Security Bank has always prioritized two elements: our customers and our people. Our new symbol, “Perfect Harmony”, is a modernized yin-yang symbol depicting these two parts working and coming together. The blue is the renewed Security Bank. A shade more vibrant than the bank’s original color, it represents our change as a company while acknowledging the values that have brought us all our success so far. To emphasize our new attitude, we introduced green, representing our desire to put...

2 JPY to PHP exchange rates news

Dollar falls as Fed officials ring note of caution, pound bounces
Dollar falls as Fed officials ring note of caution, pound bounces

By Richard Leong NEW YORK (Reuters) - The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose fo...

conditional neutral
USD/JPY Weekly Price Forecast - US dollar falls against Japanese yen for the week

The US dollar fell significantly against the Japanese yen during the week, as we continue to struggle with the ¥114.50 level above. That’s an area that shows resistance all the way to the 115 young level, so it makes sense that we would struggle to break above there.

conditional positive
Corporate Japan's net profits to inch up 1% in sharp slowdown

TOKYO -- Japanese corporate profits are on course to rise 1% for another record in fiscal 2018, an estimate that is significantly lower than the 34% j

indicative neutral
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens

*Euro, sterling supported by draft Brexit deal. *Fed rate view, economic growth seen supporting dollar. *Graphic: World FX rates in 2018.

conditional neutral
Here’s how much Brexit turmoil might whack the British pound, analysts predict
Here’s how much Brexit turmoil might whack the British pound, analysts predict

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms.

conditional negative
Peso begins to stabilize as remittances start to surge —economists

The peso is now trading at the P53:$1 level from P54:$1 last, a development that may signify that the Philippine currency has started to stabilize, with the seasonal surge of remittances from overseas Filipinos.   Current trending headlines in business, money, banking, finance, companies, corporations, agriculture, mining, foreign currency rates, Philippine Stock Exchange (PSE) Index, inflation, interest, market prices and economic analysis.

conditional neutral
PSEi hits 7,000-level, Peso up slightly in Friday trading

MANILA -- The Philippine Stock Exchange index (PSEi) climbed to the 7,000-level while the peso gained a little more ground against the greenback as the week's trading closed, due partly to another hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates.The main equities index ended the...

indicative neutral
Rupiah strengthens to Rp 14,594 per US dollar on Friday

The rupiah on Friday was quoted at Rp 14,594 per United States dollar, up 1.15 percent from its position on Thursday, according to the Jakarta interbank spot dollar rate (JISDOR).

conditional neutral
Drop in global oil prices drives peso back to P52:$1 level

The Philippine peso continued to appreciate against the US dollar to return back to the P52:$1 level on Thursday, following the continued drop in global oil prices.   Current trending headlines in business, money, banking, finance, companies, corporations, agriculture, mining, foreign currency rates, Philippine Stock Exchange (PSE) Index, inflation, interest, market prices and economic analysis.

conditional neutral

2 JPY to PHP currency converter