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 = 1.043 Samoan Tala
88 Japanese Yen = 2.086 Samoan Tala
220 Japanese Yen = 5.216 Samoan Tala
440 Japanese Yen = 10.431 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

'Sayonara tax': Japan to charge international visitors depature fee

Leaving Japan will get a little more expensive for travellers starting this week.

11 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

12 days conditional positive
Bluesky tops $1.7 million in prizes and sponsorship

Leading telecommunications company Bluesky has splashed $1.7 million worth of prizes and sponsorship this year with its customers. And the recent unveiling of its “Journey with Bluesky this Christmas” campaign - where customers have the chance to win $150,000 tala worth of prizes - adds to the investment it is making back into the community.

3 days conditional positive
Chinese found dead on seawall

A Chinese national was found dead in the early hours of yesterday morning on the seawall at the back of the Government Building in Apia. The man had injuries to his head and face and has been identified as Charles Chao, who is a volunteer at the Anglican School at Leififi.

7 days conditional negative
Manu Samoa head coach position re-advertised

The coaching position for the Manu Samoa XV is vacant. The Samoa Rugby Union has decided to advertise the position following a Board meeting. This was confirmed in a statement issued today. It reads: The immediate future of the Manu Samoa XVs programme was decided in a Samoa Rugby Union meeting of the Board.

7 days indicative positive
U.S. Embassy honours organisations, individuals

The United States Embassy in Apia recognised 11 organisations and 10 individuals at a grantee ceremony at the embassy in Vailima yesterday.

7 days indicative neutral
Digicel gives Christmas bonus

Digicel Samoa is giving its customers an extra seki head start to the Christmas holidays this year with the launch of their Kerisimasi Fiafia campaign.

7 days conditional positive

44 JPY to WST currency converter