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.

Singapore Dollar

Singapore Dollar

The Singapore dollar (sign: S$; code: SGD) is the official currency of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore issues the banknotes and coins of the Singapore dollar. As of 2016, the Singapore dollar is the twelfth-most traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Likewise, the Brunei dollar is also customarily accepted in Singapore.

82 Japanese Yen to Singapore Dollar exchange rates chart

82 JPY to SGD exchange rates graph
82 JPY to SGD 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.

82 JPY to SGD exchange rates table

Exchange JPY to SGD
82 Japanese Yen = 0.994 Singapore Dollar
164 Japanese Yen = 1.988 Singapore Dollar
410 Japanese Yen = 4.970 Singapore Dollar
820 Japanese Yen = 9.941 Singapore Dollar
Exchange Japanese Yen to Singapore Dollar
82 Japanese Yen to Singapore 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.

Best JPY/SGD rate at World Currency Shop in Tokyo

82 JPY to SGD exchange rates at World Currency Shop in Tokyo
82 Japanese Yen = 0.933 Singapore Dollar
World Currency Shop
World Currency Shop

WCS(World Currency Shop) is one of the largest Money Exchange network in Japan, operated by a subsidiary of MUFG Bank,LTD. Our shops can be found in various location such as Tokyo,Yokohama,Nagoya,Osaka,Kyoto and Fukuoka. We keep 21 foreign currency in stock all the time. For your added convenience,visit http://www.tokyo-card.co.jp/wcs/wcs-shop-e.php 外貨両替 外貨両替 お知らせ 本日のレート / rate 店舗案内 / shop 求人情報 外貨両替のホームページは携帯でもご覧いただけます! QRコード 上のQRコードを携帯カメラで撮れば、WCSサイトへアクセスできます。 今すぐアクセス! 外貨両替 カード会員のお客様 加盟店のお客様...

Best JPY/SGD rate at POSB in Singapore

82 JPY to SGD exchange rates at POSB in Singapore
82 Japanese Yen = 0.987 Singapore Dollar
POSB
POSB

POSB Bank (or simply known as POSB) is a Singaporean bank offering consumer banking services and is the oldest bank in continuous operation in Singapore. Established on January 1, 1877 as the Post Office Savings Bank,[1] the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.[2] Prior to its acquisition, the bank was a major public bank offering low-cost banking services to Singaporeans. DBS Bank attempts to continue this tradition...

Best JPY/SGD rate at Tourex in Osaka

82 JPY to SGD exchange rates at Tourex in Osaka
82 Japanese Yen = 0.988 Singapore Dollar
Tourex
Tourex

Welcome to the page of the Tourex Amerikamura store in Osaka, introduced by our Tourex Amerikamura staff. Address Osaka city, Chuo-ward, Nishi-Shinsaibashi 2-18-6 Tel (+81) 6-6484-2006 Open 10:30am - 6:30pm Trading currencies 12 countries Please find the 12 country's currencies listed below. USD USD ※ EUR EUR ※ CNY CNY ※ KRW KRW ※ HKD HKD ※ AUD AUD ※ TWD TWD ※ CAD CAD ※ THB THB ※ GBP GBP ※ PHP PHP ※ SGD SGD ※ MYR MYR ※ IDR IDR NZD NZD CHF CHF Sankaku Park (triangle park) The triangle park is...

82 JPY to SGD exchange rates news

Dollar falls as Fed officials ring note of caution, pound bounces
Dollar falls as Fed officials ring note of caution, pound bounces

By Richard Leong NEW YORK (Reuters) - The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose fo...

conditional neutral
USD/JPY Weekly Price Forecast - US dollar falls against Japanese yen for the week

The US dollar fell significantly against the Japanese yen during the week, as we continue to struggle with the ¥114.50 level above. That’s an area that shows resistance all the way to the 115 young level, so it makes sense that we would struggle to break above there.

conditional positive
Corporate Japan's net profits to inch up 1% in sharp slowdown

TOKYO -- Japanese corporate profits are on course to rise 1% for another record in fiscal 2018, an estimate that is significantly lower than the 34% j

indicative neutral
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens
FOREX-Euro, pound firm after draft Brexit deal; yen strengthens

*Euro, sterling supported by draft Brexit deal. *Fed rate view, economic growth seen supporting dollar. *Graphic: World FX rates in 2018.

conditional neutral
Here’s how much Brexit turmoil might whack the British pound, analysts predict
Here’s how much Brexit turmoil might whack the British pound, analysts predict

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms.

conditional negative
Ringgit seen to be in down trend next week due to global economic tensions - Business News | The Star Online

Prospect of a stronger greenback also presents the highest risk to the ringgit falling to 4.20 before the year is over.

conditional neutral
Morgan Stanley says dollar bull run has ended, time to sell - Business News | The Star Online

SINGAPORE: The dollar’s bull run has ended and it’s time to sell the currency, according to Morgan Stanley.

conditional neutral
Ringgit higher against US dollar in early trading
Ringgit higher against US dollar in early trading

KUALA LUMPUR: The ringgit was higher against the US dollar this morning on better demand for the local note following cautious remarks from the US Federal Reserve. At 9.09 am, the ringgit stood at 4.1850/1900 versus the US dollar from 4.1900/1950 at close yesterday.

conditional neutral
Ringgit ends almost flat against US dollar
Ringgit ends almost flat against US dollar

KUALA LUMPUR: The ringgit ended almost flat against the US dollar today, after rebounding slightly yesterday, as investors remained optimistic over the outlook of the US decision to hike its interest rates this year, dealers said. At 6pm, the ringgit stood at 4.1900/1940 versus the US dollar compared with Thursday's close of 4.1900/1950.

indicative negative

82 JPY to SGD currency converter