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.

Samoan Tala

Samoan Tala

The tālā is the currency of Samoa. It is divided into 100 sene. The terms tālā and sene are the equivalents or transliteration of the English words dollar and cent, in the Samoan language. The tālā was introduced on 10 July 1967, following the country's political independence from New Zealand in 1962. Until that time, Samoa had used the pound, with coins from New Zealand and its own banknotes. The tālā replaced the pound at a rate of 2 tālā = 1 pound, and was therefore equal to the New Zealand dollar. The tālā remained equal to the New Zealand dollar until 1975. The symbol WS$ is still used for the tālā, representing the country's previous name Western Samoa, used up to 1997, when the word Western was officially removed and the country became known as just Samoa. Therefore, the symbol SAT, ST and T appear to be in use as well. Sometimes figures are written with the dollar sign in front, followed by "tālā". e.g. $100 tālā.The Samoan currency is issued and regulated by the Central Bank of Samoa.

44 Japanese Yen to Samoan Tala exchange rates chart

44 JPY to WST exchange rates graph
44 JPY to WST 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.

44 JPY to WST exchange rates table

Exchange JPY to WST
44 Japanese Yen = 1.003 Samoan Tala
88 Japanese Yen = 2.006 Samoan Tala
220 Japanese Yen = 5.014 Samoan Tala
440 Japanese Yen = 10.029 Samoan Tala
Exchange Japanese Yen to Samoan Tala
44 Japanese Yen to Samoan Tala 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.

44 JPY to WST 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
ASCC-SSI Announces Awards for Samoan Language Writing | Scoop News

The Samoan Studies Institute (SSI) at the American Samoa Community College (ASCC) has announced the winners in the annual Gagana Samoa writing competition. Each year, the SSI opens the competition to ASCC students as a means of promoting to literacy ...

indicative positive
A sneak peak inside the new Maota Fono

The Office of the Clerk of the Legislative Assembly has given members of the public a sneak peak inside the new Maota Fono.

indicative positive
Entrepreneur defends bitcoins, cryptocurrency

An independent cryptocurrency entrepreneur from Zambia, Mapanza Nkwilimba, says cryptocurrency is real and is in Samoa to stay. Contrary to numerous warnings from the Government – including Prime Minister Tuilaepa Dr. Sa’ilele Malielegaoi - against any Samoan joining the scheme, Mr. Nkwilimba assured the scheme is legitimate.

conditional positive
Entrepreneur defends bitcoins, cryptocurrency

An independent cryptocurrency entrepreneur from Zambia, Mapanza Nkwilimba, says cryptocurrency is real and is in Samoa to stay. Contrary to numerous warnings from the Government – including Prime Minister Tuilaepa Dr. Sa’ilele Malielegaoi - against any Samoan joining the scheme, Mr. Nkwilimba assured the scheme is legitimate.

conditional positive
Sport: Japan's Iwaki City to host Samoan athletes

Iwaki City in Japan will host Samoan athletes and officials in the lead-up to 2019 Rugby World Cup and 2020 Tokyo Olympics.

conditional positive

44 JPY to WST currency converter