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.

Platinum Ounce

Platinum Ounce

Platinum is a chemical element with symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name is derived from the Spanish term platino, meaning "little silver".Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity.Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Consequently, platinum is often found chemically uncombined as native platinum. Because it occurs naturally in the alluvial sands of various rivers, it was first used by pre-Columbian South American natives to produce artifacts. It was referenced in European writings as early as 16th century, but it was not until Antonio de Ulloa published a report on a new metal of Colombian origin in 1748 that it began to be investigated by scientists. Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Being a heavy metal, it leads to health problems upon exposure to its salts; but due to its corrosion resistance, metallic platinum has not been linked to adverse health effects. Compounds containing platinum, such as cisplatin, oxaliplatin and carboplatin, are applied in chemotherapy against certain types of cancer.As of 2018, the value of platinum is $833.00 per ounce.

98783 Japanese Yen to Platinum Ounce exchange rates chart

98783 Japanese Yen to Platinum Ounce exchange rates graph
98783 JPY to XPT exchange 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.

98783 Japanese Yen to Platinum Ounce exchange rates FAQs

What is 98783 JPY to XPT?

The meaning of 98783 JPY to XPT is to exchange 98783 Japanese Yen to Platinum Ounce by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 98783 JPY to XPT on the chart below.

Who can exchange 98783 JPY to XPT?

Anyone with 98783 Japanese Yen can find a local bank or a bureau de change to convert into Japanese Yen. However, if neither JPY nor XPT is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 98783 JPY to XPT?

Due to the nature of the forex market, the exchange rates for 98783 JPY to XPT is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 98783 JPY to XPT?

Most likely you are traveling and want to get some Platinum Ounce cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 98783 Japanese Yen to Platinum Ounce. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 98783 JPY to XPT?

Usually you can find a local bank, post office or bureau de change to exchange 98783 JPY to XPT. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Platinum Ounce you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 98783 JPY to XPT?

Use the tool we provided here to find the best exchange rates for 98783 Japanese Yen to Platinum Ounce. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 98783 JPY in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

98783 Japanese Yen to Platinum Ounce exchange rates table

Exchange JPY to XPT
98783 Japanese Yen = 1.073 Platinum Ounce
197566 Japanese Yen = 2.146 Platinum Ounce
493915 Japanese Yen = 5.364 Platinum Ounce
987830 Japanese Yen = 10.729 Platinum Ounce
Exchange Japanese Yen to Platinum Ounce
98783 Japanese Yen to Platinum Ounce 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.

98783 Japanese Yen to Platinum Ounce news tweets

98783 JPY to XPT added 1 tweet
2019-08-19 21:34:32 UTC
Japanese yen falls against dollar, shrugs off strong economic data: Japanese yen fell against dollar today despite… https://t.co/XNdB5ScNao
98783 JPY to XPT added 1 tweet
2019-08-19 21:30:16 UTC
#Currencies 19/8/2019 Euro$1.11 British Pound$1.21 Japanese Yen¥106.64 Canadian Dollar$0.75 Chinese Yuan¥7.05 vía #CNNMoney
98783 JPY to XPT added 1 tweet
2019-08-19 21:11:55 UTC
RT @toy_squeak: @realDonaldTrump If our dollar is so strong then why is it dropping when compared to the Japanese Yen and other cur… https://t.co/VDZg27F0G6
98783 JPY to XPT added 1 tweet
2019-08-19 21:05:10 UTC
I just looked at what's happening to my savings after Brexit, I'm afraid I will have to charge you for reading my tweets. In Japanese Yen.
98783 JPY to XPT added 1 tweet
2019-08-19 20:46:43 UTC
RT @coindesk: Japanese e-commerce giant @Rakuten has launched its new app-based crypto exchange for spot trading of $BCT, $ETH an… https://t.co/2zWiGUdaOi
98783 JPY to XPT added 1 tweet
2019-08-13 23:00:52 UTC
@AffordableREI @MIXTAPEMONOP0LY What the hell are you talking ab? That’s not how Platinum and gold work. They fluxu… https://t.co/rw5DQGx495
98783 JPY to XPT added 1 tweet
2019-08-14 21:09:39 UTC
If you think gold is going to double per ounce anytime in the next year or two $XLM is the obvious crypto play. Bec… https://t.co/RKygDlm8U8
98783 JPY to XPT added 1 tweet
2019-08-14 16:09:06 UTC
Price per ounce of; ————————— #Gold: $1,518.00 #Silver: $17.23 #Platinum: $837.20 ————————— Link in bio!… https://t.co/8uCfFhHw0y
98783 JPY to XPT added 1 tweet
2019-08-14 10:31:49 UTC
Assuming each Platinum Piece is half an ounce and carries the same currency value as the real world (I know it does… https://t.co/KHZVLgEoA2
98783 JPY to XPT added 1 tweet
2019-08-15 16:04:06 UTC
Per ounce at current market value! ———————— #Gold: $1,520.40 #Silver: $17.21 #Platinum: $831.00 ———————— $GLD $SLV… https://t.co/p49HzTrPid

98783 Japanese Yen to Platinum Ounce news media

98783 JPY to XPT added 1 medium
Japan 10000 Yen 2011 Fukuzawa Yukichi (福澤 諭吉) writer, author, entrepeneur founder of the Keio University. #🇯🇵 #japan #日本 #nihon #nippon #fukuzawayukichi #yukichifukuzawa #福澤諭吉 #writer #author #10000円 #10000yen #yen #jpy #japanyen #円 #japaneseyen #紙幣 #貨幣学 #通貨 #banknote #papermoney #paper_money #notafilia #notaphily #numismatics #currency #oldcurrency #money #moneydetails
98783 JPY to XPT added 1 medium
Usdjpy (Us dollar - Japanese yen) Forecast. Forex signals telegram channel. Join us! Link in bio. #thunderpipsforex #thunderpipsfx #thunderpips #usd #usdjpy #yen #japaneseyen #dollar #jpy #usa #forexusa #forexjapan #forextraders #forexsignal #forexmoney #forexprofit #forexlife #forexlifestyle #forex #forexsignals #forexmarket #forextrade #forextrader #forexanalysis #fxsignals #trading #tradingforex #pips #profits
98783 JPY to XPT added 1 medium
Whether you're a card hoarder or only carry cash — we have a wallet for you! View Entire Post › #Passport, #BoardingPass, #Amazon, #Coupon, #JapaneseYen, #CoinPurse#love #instagood #photooftheday #fashion #beautiful #happy #cute #tbt #like4like #followme #picoftheday #follow#me #selfie #summer #art #instadaily #friends - Source: Buzzfeed Check Link in bio - @buzzzfeed
98783 JPY to XPT added 1 medium
konnichiwassup 😁✌️ from #balikbaYEN to #japaneseYEN real quick 🤣 //📍#Toyama #Japan 📷: @h.itomi
98783 JPY to XPT added 1 medium
Strongly recommend their pork bun That really prefect!!!!! I just ate 2 and brought another 2 for take out. Also their bbq squid is really good . . . .. . . . . . . . . . . #japaneserestaurants #mtl #montreal #nagomirestaurant #restaurantenagomi #japanesefood #japanesefoodinmontreal #yen #japaneseyen #liveinmontreal #montrealmoments #montrealfood #montrealfoodie #montrealfoodbloggers @restaurant_nagomi

98783 Japanese Yen to Platinum Ounce news texts

Gold Prices Hold Firm On Trade, Growth Concerns

Spot gold was little changed at $1,496.20 per ounce at 0556 GMT. U.S. gold futures were flat at $1,508.30 an ounce., , gold, gold prices, Commodity Futures Trading Commission (CFTC), Ounce, gmt

7 days indicative neutral

98783 Japanese Yen to Platinum Ounce currency converter

98783 Japanese Yen to Platinum Ounce exchange rates

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