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When MacArthur and the US forces entered Japan in 1945, they decreed an official conversion rate of 15 yen to the USD. Within 1945–1946: the rate tanked to 50 yen to the USD because of the ongoing inflation. During the first half of 1946, the rate fluctuated to 66 yen to the USD and eventually plummeting to 600 yen to the dollar by 1947 ...
The first Japanese one-yen coins were minted between 1871 and 1872 using both silver and gold alloys. [1] [2] This came at a time when a new decimal system was put into place, and a modern mint was established at Osaka.
For example, an interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for US$1 or that US$1 will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141.
The Nikkei 225 index dropped 1.4% to 39,417.04, while the dollar slipped against the Japanese yen. A dollar bought 157.78 yen, down from 158.36 late Wednesday. Chinese shares were mixed. ...
The dollar has gained for five days on the yen, and was up another 0.6% to 155.27 , the highest level since July. ... The dollar is set for a big weekly gain of 1.7% against its major peers. [FRX/]
The dollar was most 0.9% lower at 149.93 yen after touching 149.53 yen in early European trade for the first time since Oct. 21 after Japan's government finalised a stimulus budget and inflation ...
The yen was fixed at 0.75g of pure gold, and banknotes were issued which were convertible into gold. [1] In 1899, the National Banks banknotes were declared invalid, leaving the Bank of Japan as the only supplier of currency. [1]
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.