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.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

80 Japanese Yen to South African Rand exchange rates chart

80 JPY to ZAR exchange rates graph
80 JPY to ZAR 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.

80 JPY to ZAR exchange rates table

Exchange JPY to ZAR
80 Japanese Yen = 9.789 South African Rand
160 Japanese Yen = 19.577 South African Rand
400 Japanese Yen = 48.943 South African Rand
800 Japanese Yen = 97.885 South African Rand
Exchange Japanese Yen to South African Rand
80 Japanese Yen to South African Rand 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/ZAR rate at Tower in Cape Town

80 JPY to ZAR exchange rates at Tower in Cape Town
80 Japanese Yen = 632.136 South African Rand
Tower
Tower

Core competency in foreign exchange Tower is a Bureau de Change that provides foreign currency services to the travel and leisure industry and the banking sector - from individuals to corporate clients. The best rate independence can find Being independent enables us to pursue and locate the best available rates for our clients - we are more than competitive on all our currencies. Expert Personnel Our carefully selected personnel have extensive training and expertise in foreign exchange, and...

Best JPY/ZAR rate at Master Currency Foreign Exchange in Cape Town

80 JPY to ZAR exchange rates at Master Currency Foreign Exchange in Cape Town
80 Japanese Yen = 662.544 South African Rand
Master Currency Foreign Exchange
Master Currency Foreign Exchange

Master Currency is the preferred foreign exchange solution provider for thousands of business and leisure travellers. Our foreign exchange bureaus are conveniently situated in major metropolitan centres across South Africa, with a strong presence at international airports. Our products and services include: South Africa’s widest range of World Currency Cards (preloaded with destination currency), foreign bank notes, Western Union money transfers, drafts and telegraphic transfers. Master...

Best JPY/ZAR rate at Bidvest Bank in Johannesburg

80 JPY to ZAR exchange rates at Bidvest Bank in Johannesburg
80 Japanese Yen = 9.660 South African Rand
Bidvest Bank
Bidvest Bank

We’re a leading second tier bank and a subsidiary of The Bidvest Group Limited. Our strategy includes diversifying a historically forex- and fleet-focused customer base to one of business and personal banking services. This diversification strategy, combined with a prudent lending philosophy resulted in the recent upgrade, by Moody’s Financial Services, of Bidvest Bank’s long-term national scale rating from A1 to Aa2, an increase of two notches. About Us Bidvest Bank is an entrepreneurial...

Best JPY/ZAR rate at Standard Bank in Johannesburg

80 JPY to ZAR exchange rates at Standard Bank in Johannesburg
80 Japanese Yen = 9.372 South African Rand
Standard Bank
Standard Bank

The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent right-wing South African politician John Paterson[3][4] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon...

Best JPY/ZAR rate at American Express Forex in Johannesburg

80 JPY to ZAR exchange rates at American Express Forex in Johannesburg
80 Japanese Yen = 9.679 South African Rand
American Express Forex
American Express Forex

American Express Foreign Exchange, operates under license by Tourvest Financial Services (Pty) Ltd. Tourvest is Southern Africa’s number one tourism group, offering a range of products and services that encompass the needs of all visitors to Southern Africa. American Express foreign exchange South Africa is operated under franchise from American Express globally. We have 3 branches in Botswana and operates in a Joint Venture with Bank Windhoek in Namibia. We are the market leaders in foreign...

80 JPY to ZAR exchange rates news

Japan Nikkei tumbles on trade and growth worries

Read more about Japan Nikkei tumbles on trade and growth worries on Business Standard. Shares of exporters were mostly lower as the safe-haven yen strengthened against the U.S. dollar. Canon, Sony Corp, Advantest, Tokyo Electron, Honda, Toyota, Mitsubishi Electric and Panasonic were lower in range of 1% to 3%.

conditional neutral
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Donald Trump's latest threats to shut down the Government unless Democrats agree to fund the Mexico border wall leads to a surge in volatility on Wall St overnight.

conditional neutral
Good morning, Australia!

Wake up world – it’s a brand new day, with lots happening around the globe. | Good morning, Australia!

imperative positive
ANC should’ve done more to protect me - Motsoeneng

The former SABC COO was in court to argue against the public broadcaster, which is seeking an interim order to stop its pension fund.

conditional neutral
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

conditional positive
Your Guide to Planning An Epic Trip to South Africa

Make the most of your trip to the Motherland with this simple guide.

conditional positive

80 JPY to ZAR currency converter