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.

Bahraini Dinar

Bahraini Dinar

The dinar (Arabic: دينار‎ Dīnār Baḥrēnī) (sign: .د.ب or BD; code: BHD) is the currency of Bahrain. It is divided into 1000 fils (فلس). The name dinar derives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated .د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.

302 Japanese Yen to Bahraini Dinar exchange rates chart

302 JPY to BHD exchange rates graph
302 JPY to BHD 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.

302 JPY to BHD exchange rates table

Exchange JPY to BHD
302 Japanese Yen = 1.039 Bahraini Dinar
604 Japanese Yen = 2.077 Bahraini Dinar
1510 Japanese Yen = 5.193 Bahraini Dinar
3020 Japanese Yen = 10.385 Bahraini Dinar
Exchange Japanese Yen to Bahraini Dinar
302 Japanese Yen to Bahraini Dinar 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.

302 JPY to BHD 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.

12 days conditional negative
NZ dollar firms as trade talks, FOMC support global outlook - sharechat.co.nz

The New Zealand dollar rose as minutes from the Federal Reserve’s last rate-setting meeting and the conclusion of US-China trade talks left investors more confident about the global growth outlook

13 days conditional positive
Moody’s change on Bahrain credit outlook welcomed

Bahrain Association of Banks (BAB) has welcomed the decision of Moody's to change its outlook for the country to stable from negative, while maintaining its sovereign issuer rating at B2.

4 days indicative positive
Cartier marks holy month with ‘A Ramadan Tale’

Last Ramadan, Cartier revealed the story of Jacques Cartier’s travel to the Gulf in 1912. This year, the maison continues this story with a “Ramadan Tale,” inspired from “A Thousand and One Nights.” Set in a traditional Arabian city with the moon crescent reflecting in the water, the panther appears in the corner of a dark alley. Wherever the feline passes, lanterns light up,

5 days indicative neutral
GE Power wins contract for Egypt’s first nuclear plant

GE Power has announced that it won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Atomenergomash. GE Power will supply the basic design of four conventional islands, supply four nuclear turbine generator sets, including the Arabelle half-speed steam turbines, and provide technical

5 days conditional negative
Kudu marks 30 years with promotions, events

Saudi fast-food chain Kudu is celebrating its 30th anniversary. The business was established in 1988 and currently has more than 300 branches across the Kingdom. Emad Al-Qurashi, Kudu’s chief marketing officer, said: “The innovation and development processes have not stopped over the past three decades in order to be a Saudi product with international standards.” He said

6 days conditional positive
Emirates wins Skytrax World Airline Award

Emirates has won World’s Best Inflight Entertainment award for the 14th year in a row at the Skytrax World Airline Awards 2018. The airline also secured a service excellence award for best airline staff service in the Middle East this year. The Skytrax World Airline Awards are considered a global benchmark of airline excellence. This year’s results were decided by more than 20

6 days indicative positive

302 JPY to BHD currency converter