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.

Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

86 Japanese Yen to Canadian Dollar exchange rates chart

86 JPY to CAD exchange rates graph
86 JPY to CAD 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.

86 JPY to CAD exchange rates table

Exchange JPY to CAD
86 Japanese Yen = 1.044 Canadian Dollar
172 Japanese Yen = 2.089 Canadian Dollar
430 Japanese Yen = 5.222 Canadian Dollar
860 Japanese Yen = 10.444 Canadian Dollar
Exchange Japanese Yen to Canadian Dollar
86 Japanese Yen to Canadian 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/CAD rate at Taheri Exchange in Toronto

86 JPY to CAD exchange rates at Taheri Exchange in Toronto
86 Japanese Yen = 0.998 Canadian Dollar
Taheri Exchange
Taheri Exchange

Taheri Exchange is a full service foreign currency exchange company located in Toronto, Canada. When the company was founded, our aspiration was to provide a higher grade of foreign exchange services. Our driving principles have been method the embodiment of integrity, attentiveness and diligence. While the company has grown, our corporate culture continues to embrace the same approach, and the same tone of caring is reflected throughout the organization. We provide services to corporations...

Best JPY/CAD rate at T Currency Exchange in Toronto

86 JPY to CAD exchange rates at T Currency Exchange in Toronto
86 Japanese Yen = 0.998 Canadian Dollar
T Currency Exchange
T Currency Exchange

A Canadian currency exchange owned, operated and serving Toronto for more than 25 years with reliable currency exchange service. TCE was primarily founded to provide a higher grade of foreign currency exchange services and focused on money transfers globally. After a couple of years of successful and greatly appreciated operations we diversified into provision of various yet relevant services. Now we have a portfolio of services which are provided reliably according to the laws and...

Best JPY/CAD rate at Ultimate Currency Exchange in Toronto

86 JPY to CAD exchange rates at Ultimate Currency Exchange in Toronto
86 Japanese Yen = 1.017 Canadian Dollar
Ultimate Currency Exchange
Ultimate Currency Exchange

Ultimate Currency Exchange is a Canadian registered company that provides foreign exchange services with three branches; two in Ottawa and one in Toronto and also accepts online orders to ship foreign currency to any part of Canada. UCE buys and sells more than ninety foreign currencies with no commission fees. UCE's exchange rates are always better than Canadian banks and compete with the other exchange bureaus. Ultimate Currency Exchange is a "Money Service Business" registered with FINTRAC...

Best JPY/CAD rate at Kantor Currency Exchange in Toronto

86 JPY to CAD exchange rates at Kantor Currency Exchange in Toronto
86 Japanese Yen = 1.023 Canadian Dollar
Kantor Currency Exchange
Kantor Currency Exchange

Kantor Currency Exchange was created in 2001 as a community based company at the heart of the Ukrainian community in Toronto, Canada. Since the first days of its existence, Kantor has been striving to reach customer satisfaction, providing thorough and honest services at attractive prices. After a while, Kantor grew beyond its original community based orientation. Today it is serving thousands of customers of different nationalities and backgrounds all over Canada. Kantor is proud to be the...

Best JPY/CAD rate at World Currency Shop in Tokyo

86 JPY to CAD exchange rates at World Currency Shop in Tokyo
86 Japanese Yen = 0.945 Canadian 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/CAD rate at Tourex in Osaka

86 JPY to CAD exchange rates at Tourex in Osaka
86 Japanese Yen = 1.044 Canadian 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...

86 JPY to CAD 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.

8 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

9 days conditional positive
Transferring money to Philippines from Canada | Philippine Canadian Inquirer
Transferring money to Philippines from Canada | Philippine Canadian Inquirer

Transfer of funds between countries. A struggle we all know all too well, but seems like wherever we turn our head, there are more fees lurking in the...

7 days indicative neutral
Jamaican dollar dips more than $1 against US in a day

The Jamaican dollar depreciated by $1.08 against the US dollar on Thursday, according to the trading summary from the Bank of Jamaica (BOJ). It closed at $130.65 again

7 days indicative negative
Jamaican dollar declines 10 cents vs greenback

The Jamaican dollar devalued by 10 cents against the United States dollar during Wednesday’s trading, according to the trading summary from the Bank of Jamaica (BOJ)

8 days indicative negative
Jamaican dollar closes at $129.47

The Jamaican dollar devalued by 42 cents against the US dollar during Tuesday’s trading day according to the trading summary from the Bank of Jamaica (BOJ). The Jamaic

9 days indicative negative

86 JPY to CAD currency converter