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JPY Exchange Rate Calculator
Exchange rates calculator, this free to use calculator gives up-to-date exchange rates for the Japanese Yen (JPY) against most of the worlds major currencies. Get live exchange rates and keep up-to-date with the latest currency conversions.
About the Japanese Yen (JPY):
The Japanese Yen is the official currency of Japan and very influential not only in East-Asian markets, but markets worldwide. It is the third-most traded currency in the world and the fourth-most used reserved currency. The only currencies used more for reserves are the U.S. dollar, the euro, and the Great Britain pound. Following the custom of East Asia, yen in large quantities are counted in multiples of 10,000 rather than multiples of 1,000 as they are in most of the world. Yen, in Japanese, directly translates as "round object" and is pronounced with a silent "Y." The yen was introduced in 1871 as a response to Spanish dollars prominent in the area at the time and the silver coins minted in Hong Kong. The first yen were a dollar unit in function and were modeled after the Spanish piece of eight. In 1897, Japan linked the yen to a gold standard. In 1973, the yen was taken off the gold standard and allowed to float on the market.
Yen are not divisible into lower denominations. The 1 yen coin is the smallest denomination minted. Other coins currently minted are 5 yen, 10 yen, 50 yen, 100 yen, and 500 yen. Banknotes are available in denominations of 1000 yen, 2000 yen, 5000 yen, and 10000 yen. The value of yen is completely determined by the foreign exchange market and supply and demand. Japan has been keeping interest rates low since the 1990s to help grow the domestic economy.
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