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.

Qatari Riyal

Qatari Riyal

The Qatari riyal is the currency of the State of Qatar. It is divided into 100 dirhams (Arabic: درهم‎) and is abbreviated as either QR (English) or ر.ق (Arabic).

31 Japanese Yen to Qatari Riyal exchange rates chart

31 JPY to QAR exchange rates graph
31 JPY to QAR 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.

31 JPY to QAR exchange rates table

Exchange JPY to QAR
31 Japanese Yen = 1.032 Qatari Riyal
62 Japanese Yen = 2.064 Qatari Riyal
155 Japanese Yen = 5.160 Qatari Riyal
310 Japanese Yen = 10.320 Qatari Riyal
Exchange Japanese Yen to Qatari Riyal
31 Japanese Yen to Qatari Riyal 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/QAR rate at QNB in Doha

31 JPY to QAR exchange rates at QNB in Doha
31 Japanese Yen = 0.855 Qatari Riyal
QNB
QNB

Qatar National Bank (Q.P.S.C.) (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and the remaining (50%) held by members of the public. QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa region. For the six months ended 30 June 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up by 7%...

Best JPY/QAR rate at Commercial Bank of Qatar in Doha

31 JPY to QAR exchange rates at Commercial Bank of Qatar in Doha
31 Japanese Yen = 1.022 Qatari Riyal
Commercial Bank of Qatar
Commercial Bank of Qatar

Commercial Bank plays a vital role in Qatar’s economic development through offering a range of personal, business, government, international and investment services. What we do is just as important as how we do it. Our promise – that everything is possible – governs how we approach our business. Our services support individuals, the public sector and companies of all sizes in Qatar and internationally. Commercial Bank operates in Retail and Wholesale banking and makes strategic investments...

31 JPY to QAR 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.

8 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

9 days conditional positive
Qatar Airways reports $445m profit

It is the first time Qatar Airways has released its financial results

14 days indicative positive
No instructions to stop dealing in Qatari Riyal, SAMA confirms

The Saudi Arabian Monetary Authority (SAMA) confirmed here today that it did not issue any instructions to financial and exchange institutions operating in the Kingdom, calling for suspension of dealing in the Qatari Riyal, since severing of relations with Qatar by the four Arab states calling to fight terrorism, Saudi Press Agency reported Saturday.

about 2 months indicative positive
Qatar investigation into claims UAE tried to rig the riyal

Doha said it is looking into claims that the UAE attempted to sabotage the Qatari riyal and take the World Cup from the Gulf state.

about 2 months conditional neutral
Qatar’s Ooredoo profits plunge

LONDON: Qatar’s biggest phone company reported a sharp decline in profits as sales fell at home and it was hit by tough trading conditions in Indonesia and Algeria. Ooredoo second quarter net profit fell 60 percent to 203 million Qatari riyals ($54.7 million), the Doha-based company said in a stock exchange filing. It said it was hurt by lower revenues in Indonesia and Algeria

about 2 months indicative neutral

31 JPY to QAR currency converter