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.

Brazilian Real

Brazilian Real

The Brazilian real (Portuguese: real, pl. reais; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The dollar-like sign (cifrão) is the currency's symbol (both historic and modern), and in all the other past Brazilian currencies, is officially written with two vertical strokes () rather than one. However Unicode considers the difference to be only a matter of font design, and does not have a separate code for the two-stroked version.As of April 2016, the real is the nineteenth most traded currency in the world by value.

30 Japanese Yen to Brazilian Real exchange rates chart

30 JPY to BRL exchange rates graph
30 JPY to BRL 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 BRL exchange rates table

Exchange JPY to BRL
30 Japanese Yen = 1.002 Brazilian Real
60 Japanese Yen = 2.004 Brazilian Real
150 Japanese Yen = 5.009 Brazilian Real
300 Japanese Yen = 10.018 Brazilian Real
Exchange Japanese Yen to Brazilian Real
30 Japanese Yen to Brazilian Real 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/BRL rate at Express Change in Rio De Janeiro

30 JPY to BRL exchange rates at Express Change in Rio De Janeiro
30 Japanese Yen = 0.750 Brazilian Real
Express Change
Express Change

Localizada na Rodoviária Novo Rio, zona portuária do Rio de Janeiro, a Express Change proporciona os melhores serviços de câmbio, turismo e hospedagem. O diretor da Express Change, Alexandre Nader, é Gerente Geral da Dantur Passagens e Turismo desde 1998, com vasta experiência no mercado de câmbio e turismo Nossa equipe é treinada e certificada pelo curso de turismo MARC APOIO e pela ABRACAM (Associação Brasileira de Corretoras de Câmbio). A Express Change tem as melhores taxas do mercado,...

30 JPY to BRL exchange rates news

Crude Oil Downtrend Resumes, AUD May Fall as Asia Stocks Decline

Crude oil prices tumbled, may rise briefly next. S&P 500 gapped lower as global stocks fell as US Dollar gained with Fed rate hike bets.

imperative negative
Dollar pressured by cautious Fed comments, yen sticks at 112:

SINGAPORE--The dollar hit a near two-week low against its peers on Tuesday with sentiment soured by

conditional neutral
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication

ISLAMABAD: The government of Japan has announced to provide 510 million Japanese Yen in grant aid to support supply of the essential polio vaccine for the

subjunctive positive
Barcelona Director Pep Segura Admits Neymar Could Leave PSG & Return to Camp Nou

Barcelona director Pep Segura admits that the club could once again sign Neymar from Paris Saint-Germain, with Real Madrid also interested

conditional neutral
Brazil Signals Hawkish Approach on Its Big Budget Deficit

Brazil’s president-elect has put together a team of fiscal hawks to lead the economy, winning cautious approval from markets worried about the country’s ballooning debt.

subjunctive positive
Junk Bonds Have an Oil Problem...Maybe
Junk Bonds Have an Oil Problem...Maybe

Junk bond prices have been falling, but spreads haven’t widened dramatically, a sign that the damage from oil’s collapse is contained for now.

indicative neutral
Airline Stock Roundup: Earnings Beat at Azul; LUV, JBLU, HA in Focus
Airline Stock Roundup: Earnings Beat at Azul; LUV, JBLU, HA in Focus

In the past week, Latin American carrier - Azul S.A. AZUL - reported impressive third-quarter 2018 results, wherein earnings and revenues outpaced.

indicative positive

30 JPY to BRL currency converter