It is the third most traded currency in the foreign exchange market after the United States dollar and the Euro. The concept of the yen was a component of the late- 19th century Meiji government's modernization program of Japan 's economy, which postulated the pursuit of a uniform currency throughout the country, modeled after the Europe a 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 did away with these and established the yen, which was defined as 1.
Xe Currency Converter. These are the highest points the exchange rate has been at in the last 30 and day periods. These are the lowest points the exchange rate has been at in the last 30 and day periods. These are the average exchange rates of these two currencies for the last 30 and 90 days. These percentages show how much the exchange rate has fluctuated over the last 30 and day periods.
Dollar Yen Exchange Rate (USD JPY) - Historical Chart
The United States Dollar is divided into cents. Mid-market exchange rate at UTC. Convert more than world currencies. The average annual inflation rate has been 0.
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