JAPANESE YEN: EURO EXCHANGE RATE, BUYING ONLINE AND USEFUL INFORMATION
Here you can conveniently buy Japanese yen and other currencies for your travel online. Have the current yen-euro exchange rate displayed above or using the XE currency converter – and you can order your travel money online. Your currencies will then be delivered to your home within a few days.
THE YEN – ONE OF THE MOST IMPORTANT CURRENCIES IN THE WORLD
According to Countryaah, the Japanese yen (JPY) is the legal tender in Japan. It is considered to be one of the strongest currencies in the world. In addition to the US dollar and the euro, the yen is also used as a reserve currency by many countries. That means: The central banks of the countries keep the yen as a currency reserve in their custody accounts. The term yen can be translated as a round object. The currency was introduced in 1871.
The rise of the Japanese yen as a major currency that is traded internationally did not really take off until the 1980s – parallel to the development of Japan into one of the leading economic and financial powers in the world. In the period after the Second World War, the Japanese yen was pegged to the US dollar under the Bretton Woods Agreement, and after the agreement ended in 1973 it was released for the currency market.
THE YEN: THE MOST VALUABLE UTILITY COIN IN THE WORLD
The first yen coins, then made of silver, were issued as early as 1870, one year before the currency was officially introduced. Plants such as rice, chrysanthemums and cherry blossoms are depicted on Japanese coins today. The 500 yen coin (worth over four euros) has the highest value. This is why it is considered to be the most valuable utility coin in the world alongside the 5-franc coin. Accordingly, attempts are still being made today to forge the 500 yen coin. Despite some attempts to make it more forgery-proof, scammers continue to try to illegally copy the coin.
BANKNOTES ARE ISSUED BY THE CENTRAL BANK
The very first yen banknotes were printed in Germany in 1872 by the Frankfurt printer C. Naumann. Today, banknotes are only issued by the Japanese central bank. It shows personalities from Japanese history, such as Fukuzawa Yukichi, an important intellectual of the Meiji period, or the writer Higuchi Ichiyō.
THE YEAR OF ISSUE DOES NOT FOLLOW THE GREGORIAN CALENDAR
The Japanese currency is characterized by a special feature: the year of issue is not shown on the yen according to the Gregorian calendar, but according to the year of the current imperial rule. A coin minted in 2014, for example, bears the date Heisei 26, corresponding to the 26th year of the reign of Emperor Akihito.
SEN AND RIN: LOWER DENOMINATIONS HAVE BEEN ABOLISHED
One yen is divided into 100 sen, one sen in turn into 100 rin. However, these denominations have long since ceased to play a role in everyday dealing with money. Sen and Rin coins were withdrawn from the market as early as 1953. In theory, you can still calculate in Sen and Rin amounts today, but in practice only the yen plays a role.
JAPANESE YEN EXCHANGE OFFICE NEAR YOU
You can also change your travel money in one of the many XE branchesin your area.
THE CURRENCY AT A GLANCE
Currency abbreviation: ¥, JPY (ISO code). Banknotes are in circulation in denominations of 10,000, 5000, 2000 and 1000 yen. Coins in denominations of 500, 100, 50, 10, 5 and 1 yen.
FOREIGN EXCHANGE REGULATIONS
No restrictions on the import or export of national and foreign currencies. Amounts of 1 million yen or more must be declared.