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.

Belizean Dollar

Belizean Dollar

The Belize dollar is the official currency in Belize (currency code BZD). It is normally abbreviated with the dollar sign $, or alternatively BZ$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. The official value is pegged at 2 BZ$ = 1 US$.

56 Japanese Yen to Belizean Dollar exchange rates chart

56 JPY to BZD exchange rates graph
56 JPY to BZD 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.

56 JPY to BZD exchange rates table

Exchange JPY to BZD
56 Japanese Yen = 0.999 Belizean Dollar
112 Japanese Yen = 1.998 Belizean Dollar
280 Japanese Yen = 4.996 Belizean Dollar
560 Japanese Yen = 9.992 Belizean Dollar
Exchange Japanese Yen to Belizean Dollar
56 Japanese Yen to Belizean 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.

56 JPY to BZD 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
Trump's spat with Democrats over wall funding sinks Wall St

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
Sun Country Caribbean free ticket hunt starts after Minnesota's first freeze
Sun Country Caribbean free ticket hunt starts after Minnesota's first freeze

Freezing temps signaled the start of Sun Country's promotional toucan hunt.

indicative positive
Sun Country to fly tourists from MSP to Belize, St. Kitts and Nevis
Sun Country to fly tourists from MSP to Belize, St. Kitts and Nevis

Warm-weather routes on winter Saturdays will start around holidays.

conditional positive
President Tsai thanks Belize, St. Lucia for support of Taiwan | Politics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, June 19 (CNA) President Tsai Ing-wen (蔡英文) on Tuesday expressed gratitude to Belize and Saint Lucia, two of Taiwan's diplomatic allies, for their support of Taiwan's efforts to expand its international participation.

conditional neutral

56 JPY to BZD currency converter