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.

East Caribbean Dollar

East Caribbean Dollar

The Eastern Caribbean dollar (symbol: $; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign $ or, alternatively, EC$ to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cents. It has been pegged to the United States dollar since 7 July 1976, and the exchange rate is US$1 = EC$2.70.

42 Japanese Yen to East Caribbean Dollar exchange rates chart

42 JPY to XCD exchange rates graph
42 JPY to XCD 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.

42 JPY to XCD exchange rates table

Exchange JPY to XCD
42 Japanese Yen = 0.996 East Caribbean Dollar
84 Japanese Yen = 1.993 East Caribbean Dollar
210 Japanese Yen = 4.982 East Caribbean Dollar
420 Japanese Yen = 9.965 East Caribbean Dollar
Exchange Japanese Yen to East Caribbean Dollar
42 Japanese Yen to East Caribbean Dollar 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.

42 JPY to XCD 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
Gove won't resign over PM May's Brexit plan - reports

LONDON (Reuters) - Prominent Brexiteer Michael Gove will not quit Prime Minister Theresa May's government but remain as environment minister, British media reported on Friday, after speculation about his future following the resignation of other senior figures.

conditional positive
Out to Sea: Hurricanes? What hurricanes? Cruise ships love Caribbean
Out to Sea: Hurricanes? What hurricanes? Cruise ships love Caribbean

Anchors aweigh is exactly what’s happening as more ships are plying the clear blue waters of the Caribbean and Bahamas.Even with the three hits in two weeks last year from hurricanes, that part of the world retains its claim as one of the top cruise destinations.

indicative positive
The 'Pirates of the Caribbean' Series Doesn't Need Captain Jack Sparrow Anymore, Especially When It Has Elizabeth Swann
The 'Pirates of the Caribbean' Series Doesn't Need Captain Jack Sparrow Anymore, Especially When It Has Elizabeth Swann

Disney is apparently bringing back Pirates of the Caribbean without its "lead" character. Good. Captain Jack Sparrow pales next to Elizabeth Swann anyway.

indicative neutral

42 JPY to XCD currency converter