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The data on exchange rate for Japanese Yen is in per 100 Yen. The end year rate for 1998–99 pertain to March 26, 1999 of Deutsche Mark rate. Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates.
USD/JPY exchange rate 1971–2023. The yen (Japanese: 円, symbol: ¥; code: JPY) 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. [2] It is also widely used as a third reserve currency after the US dollar and the euro.
For a more exhaustive discussion of countries using the U.S. dollar as official or customary currency, or using currencies which are pegged to the U.S. dollar, see International use of the U.S. dollar#Dollarization and fixed exchange rates and Currency substitution#US dollar. Countries using the U.S. dollar as their official currency include:
As a side effect, the Japanese yen has become extremely weak, hitting a 37.5-year low of 161 yen/USD in July 2024. [ 84 ] [ 85 ] Furthermore, the real effective exchange rate in May 2024, when the 2020 average is set at 100, is 68.65, the lowest level since the start of the Bank of Japan statistics in January 1970, due to a combination of low ...
Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its ...
English: Graph showing U.S. dollar and Japanese yen exchange rate from January, 1950. 日本語: 1950年1月からのアメリカドルと日本円の為替レートのグラフ。 Date
After the foreign exchange intervention followed by Plaza Accord, the exchange rate dropped to 165 yen per dollar in 1986 as the yen appreciated. [27] This impacted exports in Japan to the States significantly, almost halving them in 1992 from their peak in 1986, whereas the trade deficit in the United States shrank after the Plaza Accord and ...
The exchange rate at the time for the Japanese yen used in mainland Japan was 360 yen to US$1. [5] This was done, in part, to encourage foreign investment by aligning Okinawa's economy with an international standard, though it is often said to have also contributed significantly to the dependence of Okinawa's economy upon the US, and the US ...