Banknotes Japan is paper money national currency, issued by countries – Bank of Japan. Money serves as the only means of making payments throughout the country. More details in the main article - Banknotes of national currencies from Masterforex-V traders
Banknotes (bills) of Japanese money are yen, the sole issuer of which is the Bank of Japan.
Synonyms for the term “paper banknotes” are fiat (fiduciary) money, currencies, emission money, etc.
How much is each Japanese yen note worth or what does its rate mean on the Forex market?
The exchange rate is the base price of one currency to the cost of another national currency, to which all banks and exchange offices in the world will add their spread (margin) in order to buy this currency from the population cheaper and sell it at a higher price than it actually costs at the moment. currency and stock exchange.
The price of the ratio of 2 currencies in Forex is called a currency pair. It is from this that you can understand online how much 2 or 100 Japanese yen costs today in US dollars, euros, rubles, tenge, zlotys or Mongolian tugriks. For example:
- USD JPY is the exchange rate of the US dollar to the Japanese yen (how many Japanese yen is worth $1. As of 06/06/2020 = 109.62 Japanese yen per 1 dollar). Current exchange rate - see USD JPY chart below;
- JPY USD - inverse quotes of the Japanese yen to US dollar rate (how many US dollars is 1 Japanese yen worth. As of 06/06/2020 = $0.0091 US dollar is worth 1 Japanese yen).
See exchange rates of the Japanese yen against other national currencies in real time using quotes and charts online:
- EUR JPY - euro to Japanese yen exchange rate (how many Japanese yen is worth 1 euro);
- INR JPY - Japanese yen to Indian rupee exchange rate;
- JPY SGD - Japanese yen to Singapore dollar exchange rate;
- JPY SEK - Japanese yen to Swedish krona exchange rate;
- JPY EUR - Japanese yen to euro exchange rate (how much euro is 1 Japanese yen);
- JPY RUB - Japanese yen to ruble exchange rate (how many rubles is 1 Japanese yen worth);
- RUB JPY - ruble to Japanese yen exchange rate (how many Japanese yen is worth 1 ruble)
- CHF JPY - exchange rate of the Swiss franc to the Japanese yen;
- JPY CHF - Japanese yen to Swiss franc;
- CAD JPY - Canadian dollar to Japanese yen;
- JPY CAD - Japanese yen to Canadian dollar;
- JPY GBP - Japanese yen to British pound;
- GBP JPY - pound to Japanese yen;
- JPY JPY - Japanese yen to Japanese yen;
- JPY JPY - Japanese yen to yen;
- JPY PLN - Japanese yen to zloty;
- PLN JPY - zloty to Japanese yen;
- HUF JPY - forint to Japanese yen;
- ILS JPY - Israeli shekel to Japanese yen;
- JPY KZT - Japanese yen to Kazakhstani tenge
- AUD JPY – Australian dollar to Japanese yen
- CNY JPY - yuan to Japanese yen
- JPY UAH - yen to Ukrainian hryvnia.
Which ones are there now?
The smallest coin is one yen. And the largest one is 500 yen. There is change in 100, 50, 10 and 5 yen. As for paper money, the smallest bill is 1000 yen, the largest is 10,000 (the Japanese call it “1 mana”, respectively, 2 bills of this denomination will sound like “2 mana”, i.e. equal to 20,000, and This applies not only to banknotes, but to accounts in general).
There are also 2000 and 5000 banknotes. The 2000 yen banknote is very unusual and quite rare (during my 10 years in Japan, I only saw it once, because the number of banknotes issued is too small). All money is printed only by the Imperial Mint.
Shape and composition of coins
All of them are regular round in shape, and some coins with a hole are 5 and 50 yen. Materials from which the trifle is made:
- 1 – aluminum
- 5 – brass
- 10 – bronze
- 50, 100 and 500 - an alloy of copper and nickel
Currently, the country uses coins from different years of issue. By the way, they are not too different in appearance and images.
Brokers for trading exchange rates on the Forex market
You can trade the Japanese yen or other currency pairs on the foreign exchange market by opening a trading account (deposit) with a forex broker . For 12 years, Masterforex-V Academy has been conducting an independent rating of Forex brokers, which is based on more than 30 evaluation criteria (such as the presence or absence of licenses from financial regulators, the size of spreads and swaps, the ability to choose accounts from STP, ECN, NDD, PAMM and LAMM, does the broker provide hedging opportunities, is it possible to trade on stock, futures, cryptocurrency, commodity exchanges).
Below are just 12 “best forex brokers” of the major league and another 20 reserve companies from the 2nd league (out of more than 400 brokers present on the market).
| Broker name | Year of foundation | Financial instruments | Licenses from financial regulators | |
| Major League | ||||
| 1. | NordFX | 2008 | currency pairs, commodity futures, stock indices, cryptocurrencies, stocks | CySEC, MiFID |
| 2. | Swissquote | 1996 | commodity futures, currency pairs, stock index futures, cryptocurrencies, metals, ETFs, warrants, shares | FINMA, FCA, SFC, Dubai FSA |
| 3. | Dukascopy | 1998 | stock indices, commodity futures, currency pairs, stocks, bonds, ETFs | FINMA, FCMC |
| 4. | Alpari | 1998 | metals, energy, indices, currency pairs, cryptocurrencies | ARFIN |
| 5. | FxPro | 2006 | indices, commodity futures, stocks, currency pairs | FCA, CySEC, FSB, Dubai FSA, BaFin, ACPR, CNMV |
| 6. | Interactive Brokers | 1977 | stocks, bonds, derivatives, currency pairs, forward contracts, bills, warrants, options, stock indices, currency and commodity futures | NFA, CFTC, FCA, IIROC |
| 7. | Oanda | 1996 | bonds, stock indices, currency pairs, commodity futures | NFA, CFTC, FCA, IIROC, MAS, ASIC |
| 8. | FXCM | 1999 | currency pairs, stock indices, commodity futures, cryptocurrencies | FCA, BaFin, ACPR, AMF, Dubai FSA,SFC, ISA, ASIC, FSB |
| 9. | Saxo Bank | 1992 | currency and commodity futures, stock indices, currency pairs, ETFs, stocks, bonds, derivatives | Danish FSA, Consob, Czech National Bank, Bank of the Netherlands, ASIC, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, Japanese Financial Services Agency, Securities and Futures Commission in Hong Kong. |
| 10. | FOREX.com | 1999 | currency pairs, stocks, stock indices, commodity futures, cryptocurrencies | NFA, CFTC, FCA, ASIC, JSDA, MAS, SFC |
| 11. | FIBO Group | 1998 | metals, energy, currency pairs, commodities, cryptocurrencies, indices | CySEC |
| 12. | FINAM FOREX | 1994 | currency pairs | Bank of Russia |
| Second League | ||||
| 13. | Forex Club | 1997 | currency pairs, indices, commodities, stocks, ETFs | ARFIN |
| 14. | TeleTrade | 1994 | commodities, currency pairs, indices, stocks | ARFIN |
| 15. | ActivTrades | 2001 | indices, commodities, currency pairs, stocks, bonds, ETFs, cryptocurrencies, options | FCA, SCB |
| 16 | FreshForex (Fresh Forex) | 2004 | indices, commodities, stocks, currency pairs | — |
| 17. | eToro (eToro) | 2007 | currency pairs, indices, commodities, stocks, ETFs, cryptocurrencies | ASIC, FCA, CySEC |
| 18. | FortFS | 2010 | currency futures, currency pairs, indices, commodities, bonds, stocks, cryptocurrencies, ETFs | IFSC Belize |
| 19. | 2011 | currency pairs, indices, commodities, stocks | ASIC, IFSC, CySEC | |
| 20. | BCS Forex (BCS Forex) | 2004 | currency pairs, stocks, indices, commodities | — |
| 21. | GKFX | 2009 | currency pairs, indices, commodities | FCA, JFSA, DMCC, BaFin, AMF, AFM, Consob, CNMV, , CNB, Narodna Banka Slovenska |
| 22. | NPBFX (Nefteprombank) | 2016 | commodities, currency pairs, cryptocurrencies | — |
| 23. | Admiral Markets | 2001 | cryptocurrencies, currency pairs, commodities, stocks, ETFs, indices, bonds | ASIC, FCA, EFSA, CySEC |
| 24. | Grand Capital (Grand Capital) | 2006 | stocks, indices, commodities, cryptocurrencies | — |
| 25. | RoboForex (Roboforex) | 2009 | indices, commodities, currency pairs, stocks, cryptocurrencies | CySEC, IFSC Belize |
| 26. | FinmaxFX | 2018 | currency pairs, indices, commodities, bonds, stocks, options | CROFR, VFSC Vanuatu |
| 27. | FXOpen | 2005 | indices, commodities, cryptocurrencies, currency pairs, | FCA |
| 28. | Forex Optimum Group Limited | 2009 | indices, commodities, currency pairs, stocks | — |
| 29. | EXNESS | 2008 | commodities, currency pairs, cryptocurrencies | FSA Seychelles |
| 30. | HYCM | 1989 | indices, commodities, currency pairs, stocks, cryptocurrencies | FCA, CySEC, CIMA, Dubai FSA |
| 31. | Alfa Forex (Alfa Bank) | 2003 | currency pairs | Bank of Russia |
| 32. | Forex4you (Forex fo you) | 2007 | stocks, indices, currency pairs, commodities, cryptocurrencies | FSC BVI |
Sincerely, wiki Masterforex-V, free (school) and professional training courses Masterforex-V for working on Forex, stock, commodity and cryptocurrency exchanges.
Story
As is known from the history of the creation of the yen, Chinese money was taken as a model. This happened because the states carried on trade relations for many centuries. The name of the Japanese banknote is even similar to the Chinese word “yuan”. Japanese banknotes were first introduced in 1877. During their existence, they were repeatedly depreciated; the government carried out monetary reforms in the late 19th and early 20th centuries. The last time new banknotes were issued was in 2004. then the so-called F series came out to replace the D and E series. For them, experts used the latest technologies with an improved degree of protection.
Commemorative coins
One of the latest and most beautiful series was released in 2008, called “47 Prefectures of Japan”. Administratively, Japan is divided into prefectures and consists of 47 such areas.
To popularize and develop these regions, as well as for the unity of the nation, since 2008, the Central Bank of Japan began issuing commemorative colored silver coins, the design of which is dedicated to each of the prefectures.
The obverse of the commemorative coins is the same, and the reverses have an original design.
Commemorative coin dedicated to Nagasaki Prefecture
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Security against counterfeiting
The yen is one of the world's reserve currencies, so its security is very high.
The banknotes have watermarks in the form of an oval and stripes visible in the light. Also, when printing, ultra-fine lines are used (thinner than a human hair), which, when trying to copy, usually “blur out” and “fog.”
Additionally, there are hidden images: the word “NIPPON” (translated from Japanese - Japan) and the corresponding banknote denomination printed in special ink.
Some banknotes have holographic designs (5,000 and 10,000 yen) that change color and image from different angles. Microprinting, fluorescent ink, tactile markings, raised printing and color-changing inks are also used.
Counterfeiters in Japan face life imprisonment. Mild forms of violations (for example, the use of deliberately counterfeit coins) entail a prison sentence of at least 3 years.
