If you’re reading this, then you’re aware that the Japanese yen has been devalued against the Euro since March 1st of this year. If you’re reading this, then you’re aware that it is now officially the third currency that has been hit the hardest in terms of the loss of value against the Euro.
If you are a person who is still not sure about the new yen, I strongly suggest you check out one of the many many online currency exchange sites that offer conversion for the new Japanese yen. The Japanese yen has experienced a big, big drop in value. In fact, it has been falling in value since March 1st, and is now the third currency to fall against the Euro.
The yen is basically the greenback. That means it has a fixed exchange rate to the US dollar, or to the Euro. That means that buying US dollars for the Japanese yen is the same as buying Euros for the Japanese yen. It is the same as buying the Japanese yen for the US dollar, or the Euro for the Japanese yen. So to make things even worse, the yen has fallen in value against the US dollar since March 1st.
The main reason that the yen has fallen in value is because of the US government’s refusal to increase the official reserve currency from the dollar to the euro. It has also fallen because of the Japanese government’s refusal to increase the official reserve currency from the yen to the US dollar. So both of those factors have hurt the yen in value, and both of those factors have hurt the euro in value since March 1st.
If the yen falls below 12.5 the government will start considering a new currency, the euro. So it has fallen by 11% since March 1st (the official reserves of the yen were 9.8 billion yen at the end of March). The euro also has fallen by 13% since March 1st.
As an alternative to using dollars to fund Japan’s foreign exchange reserves, the government is considering using yen to fund foreign exchange reserves. Japan’s official exchange rate for yen to the dollar is currently about 1.0234. The new exchange rate for yen to the euro is currently 0.9975.
So when you see this, you know you have to take a look at the yen/dollar exchange rate. You can see it because it’s the second time the two have been in the process of moving. We had a similar movement back in 2008. In that time, the dollar exchange rate fell from around 1.05 to 1.00. As a result, the yen became much more valuable. It was still worth about $0.50, but now it was worth about $0.
The exchange rate has been changing in the last eight years, with the yen now going up from 1.00 to 0.50.
That’s when the Japanese government stopped printing the yen and started printing the dollar. A good friend of mine, a resident of Japan, was watching a show on the history of the currency. The Japanese government had been printing the yen to help the economy because the Japanese government was still losing money to foreigners. At one point, when the Japanese government thought the Japanese economy was about to collapse they stopped printing the yen and started printing the dollar. The dollar rate is now 1.
