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.

Emirati Dirham

Emirati Dirham

The United Arab Emirates dirham (Arabic: درهم‎, sign: د.إ; code: AED), also known as simply the Emirati dirham, is the currency of the United Arab Emirates. The term dirham is officially abbreviated "AED", while unofficial abbreviations include "DH" or "Dhs.". The dirham is subdivided into 100 fils (فلس).

30 Japanese Yen to Emirati Dirham exchange rates chart

30 JPY to AED exchange rates graph
30 JPY to AED 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.

30 JPY to AED exchange rates table

Exchange JPY to AED
30 Japanese Yen = 0.973 Emirati Dirham
60 Japanese Yen = 1.946 Emirati Dirham
150 Japanese Yen = 4.864 Emirati Dirham
300 Japanese Yen = 9.729 Emirati Dirham
Exchange Japanese Yen to Emirati Dirham
30 Japanese Yen to Emirati Dirham 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/AED rate at RAKBANK in Dubai

30 JPY to AED exchange rates at RAKBANK in Dubai
30 Japanese Yen = 0.952 Emirati Dirham
RAKBANK
RAKBANK

RAKBANK is a retail and business bank in the UAE with assets of AED 34.5 billion at the close of the first half of 2014.[1] The Bank provides conventional and Islamic retail, small business, and commercial banking services through a network of thirty nine branches and 293 ATMs in the UAE as well as its Telephone, Online and Mobile Banking channels. According to The Banker's Top 1000 Arab Bank Rankings in 2014 (published by FT Financial Publishing), RAKBANK is the 1st in the UAE by Return On...

30 JPY to AED exchange rates news

Japan Nikkei tumbles on trade and growth worries

Read more about Japan Nikkei tumbles on trade and growth worries on Business Standard. Shares of exporters were mostly lower as the safe-haven yen strengthened against the U.S. dollar. Canon, Sony Corp, Advantest, Tokyo Electron, Honda, Toyota, Mitsubishi Electric and Panasonic were lower in range of 1% to 3%.

conditional neutral
Trump's spat with Democrats over wall funding sinks Wall St

Donald Trump's latest threats to shut down the Government unless Democrats agree to fund the Mexico border wall leads to a surge in volatility on Wall St overnight.

conditional neutral
Good morning, Australia!

Wake up world – it’s a brand new day, with lots happening around the globe. | Good morning, Australia!

imperative positive
History of the UAE through its currencies and coins

Numismatist Ram Kumar explains the country’s interesting past and evolvement of dirham and fil

subjunctive positive
UAE announces $536 million increase on this year’s budget

UAEnbsp;President Sheikh Khalifa bin Zayed Al Nahyan announced on Sunday a 1.97 billion dirham ($536 million) budget increase for the current fiscal

conditional neutral
ArabianChain goes live with its new bitcoin exchange Palmex
ArabianChain goes live with its new bitcoin exchange Palmex

Based in the UAE and with operations in Saudi Arabia and Kuwait, ArabianChain, the blockchain technology company has finally gone live with its bitcoin

conditional positive
Three 'influencers' arrested in UAE for performing Kiki challenge

"We disapprove of young people adopting such foreign trends."

conditional neutral
News analysis: Rupee troubles a concern for inbound tourism from India to the UAE?

Is the falling Indian rupee a concern for inbound tourism from India to the UAE? Hotelier Middle East investigates

conditional neutral

30 JPY to AED currency converter