Japanese yen: history, value and course

To date, the Japanese yen is considered to be an active trading tool for the global foreign exchange market. In addition, the currency of Japan is included in the group of major reserve currencies along with the euro and US dollars.

Japanese yen: the history of appearance and development

From 1600 to 1868 in Japan there was a very complex monetary system called Edo. It included a variety of banknotes - copper, gold and silver coins, as well as cash banknotes. In addition, the currency of the central government was different from the banknotes of the then existing 244 individual principalities. In addition, there were also fractional units. But due to technical progress and active economic development, such a system became impractical.

Restoration Meiji in 1871 was marked by significant reforms. Approximately at the same time, the yen appeared. In translation this word means "circle". At the time of its appearance, 1 Japanese yen was equal to 1.5 grams of gold. It is interesting that during the following years the gold standard often changed depending on the economic situation in the country.

By the way, as an international currency, the yen was approved only on May 11, 1953. It was on this day that the International Monetary Fund approved a resolution that equated this monetary unit with 2.5 mg of gold. At the beginning of its existence (approximately from 1949 to 1971), the currency of Japan was tied to the rate of the US dollar. In those days, $ 1 costs 360 yen.

But in the following decades, several devaluations occurred at once. Very soon the yen became much more valuable and stable unit.

It's no secret that Japan's economy suffered a lot in 2011 due to the earthquake and related cataclysms. But, despite all the forecasts of specialists, the yen not only did not fall in price, but, on the contrary, began to rise in price quickly. Naturally, the national bank of the country took the necessary measures - several significant infusions were made to the financial system. Nevertheless, the currency of Japan and to this day is quite expensive.

Japanese yen: existing denominations

To date, in free circulation on the territory of Japan there are both paper bills and coins. There are banknotes worth one, two, five and ten thousand yen. In addition, the use of metal coins worth one, five, ten, fifty, one hundred and five hundred yen.

Japanese yen: exchange rate to the ruble and other world currencies

To date, one hundred yen costs about 0.98 US dollars. It is important to know and the rate of the Japanese monetary unit to another world currency - for a hundred yen you can buy 0.76 euros.

As for the Russian ruble, the national bank offers the following rate-one hundred units of Japan account for about 31 rubles. By the way, for 10 Ukrainian hryvnia you can buy about 100 yen.

To date, Japan's financial systems are considered a very profitable investment among business people. After all, historical data confirm that the yen throughout the entire existence only grows in value. Therefore, some experts consider deposits in Japanese currency as the most optimal option.