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.

Namibian Dollar

Namibian Dollar

The Namibia dollar (symbol: $; code: NAD; Afrikaans: Namibiese dollar) has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

8 Japanese Yen to Namibian Dollar exchange rates chart

8 JPY to NAD exchange rates graph
8 JPY to NAD 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.

8 JPY to NAD exchange rates table

Exchange JPY to NAD
8 Japanese Yen = 1.014 Namibian Dollar
16 Japanese Yen = 2.027 Namibian Dollar
40 Japanese Yen = 5.068 Namibian Dollar
80 Japanese Yen = 10.135 Namibian Dollar
Exchange Japanese Yen to Namibian Dollar
8 Japanese Yen to Namibian 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.

8 JPY to NAD exchange rates news

Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication

ISLAMABAD: The government of Japan has announced to provide 510 million Japanese Yen in grant aid to support supply of the essential polio vaccine for the

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Japan provides 510 million Yen to assist Pakistan’s efforts for Polio Eradication - Pakistan

English News and Press Release on Pakistan about Contributions, Health, Children and Epidemic; published on 19 Nov 2018 by Govt. Japan and UNICEF

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Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short

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Week-Ahead Forecast For The GBP To JPY Exchange Rate: Eyes On BOJ Gov Kuroda And PM May Leadership

After weak performance in recent weeks, the Japanese Yen saw a resurgence in demand last week that helped it to capitalise against plummeting Pound

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Malaria nets for rural Namibia
Malaria nets for rural Namibia

THE JC Flowers Foundation, which is working towards eliminating malaria in southern Africa, has joined forces with German company Badische Anilin und Soda Fabrik (BASF), a leading chemical producer to deliver 26 000 Interceptor® long-lasting, insecticide-treated mosquito nets to rural Namibia.

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Fuel prices to go up for the fifth time this year

The minister of Mines and Energy Tom Alweendo this week announced that the price of fuel will increase for the fifth time this year.

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Fuel prices up for eigth consecutive time
Fuel prices up for eigth consecutive time

MINES and energy minister Tom Alweendo yesterday announced that fuel prices are set to increase by 50 cents for 95 Octane petrol and 70 cents for diesel tomorrow.

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Mutorwa's NAC director removal branded illegal
Mutorwa's NAC director removal branded illegal

LAWYER Sisa Namandje said he will file urgent court papers today to challenge the decision by works minister John Mutorwa to fire a former Namibia Airports Company director.

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8 JPY to NAD currency converter