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.

Ukrainian Hryvnia

Ukrainian Hryvnia

The hryvnia, sometimes hryvnya (Ukrainian: гривня, pronounced [ˈɦrɪu̯nʲɑ], approximately h'reew-naw, abbr.: грн (hrn in the Latin alphabet)); sign: ₴, code: UAH), has been the national currency of Ukraine since 2 September 1996. The hryvnia is subdivided into 100 kopiyky. It is named after a measure of weight used in medieval Kievan Rus'.

4 Japanese Yen to Ukrainian Hryvnia exchange rates chart

4 JPY to UAH exchange rates graph
4 JPY to UAH 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.

4 JPY to UAH exchange rates table

Exchange JPY to UAH
4 Japanese Yen = 1.026 Ukrainian Hryvnia
8 Japanese Yen = 2.052 Ukrainian Hryvnia
20 Japanese Yen = 5.131 Ukrainian Hryvnia
40 Japanese Yen = 10.262 Ukrainian Hryvnia
Exchange Japanese Yen to Ukrainian Hryvnia
4 Japanese Yen to Ukrainian Hryvnia 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.

4 JPY to UAH 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.

12 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

13 days conditional positive
Sayenko Kharenko Advised The European Fund For Southeast Europe On EUR 10 Million Financing To Kredobank - Corporate/Commercial Law - Ukraine

Sayenko Kharenko has acted as Ukrainian legal counsel to the European Fund for Southeast Europe in connection with Ukrainian hryvnia financing equivalent to EUR 10 million to Public Joint Stock Company Kredobank ... Ukraine Corporate/Commercial Law Sayenko Kharenko 17 Sep 2018

13 days conditional neutral
Ukraine experts warn about negative financial consequences of martial law

Many Ukrainian financial experts stepped forward this week to warn about the negative impact of the martial law that was introduced in ten ...

about 2 months conditional neutral
Investors jittery after Ukraine's hryvnia falls below UAH27 to the dollar

Investors and bond traders were jittery after the first week of August when the hryvnia fell below the psychologically important UAH27 to the dollar ...

about 2 months conditional neutral

4 JPY to UAH currency converter