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This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
USD/JPY exchange rate 1971–2023. The yen (Japanese: 円, symbol: ¥; code: JPY) is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. [2] It is also widely used as a third reserve currency after the US dollar and the euro.
In 1946, following the Second World War, Japan removed the old currency (旧円券) and introduced the "New Yen" (新円券). [1] Meanwhile, American occupation forces used a parallel system, called B yen, from 1945 to 1958. Since then, together with the economic expansion of Japan, the yen has become one of the major currencies of the world. [9]
The Japanese occupation also outlawed any use of Hong Kong dollar and set a deadline for exchanging dollars into yen. [citation needed] When the military yen was first introduced on 26 December 1941, the exchange rate between the Hong Kong dollar and the military yen was 2 to 1. However, by October 1942, the rate was changed to 4 to 1.
A complete set of B yen notes (1945–1958) B yen (B円, B en) was a colloquial term used to refer to a form of military scrip used in post-war US-Occupied Okinawa from April 15, 1946, to September 1958. [1] [2] Officially, it was called B type military scrip (B型軍票, B-gata gunpyō). [3]
The last series issued for commerce by the Japanese treasury were Taishō fractional notes. Those in the ten sen denomination were issued from 1917 (Taishō year 6) to 1921 (Taishō year 10) and are valued highest with the oldest issue. [34] As with the previous series these were issued in large amounts making those in higher grades more valuable.
As a side effect, the Japanese yen has become extremely weak, hitting a 37.5-year low of 161 yen/USD in July 2024. [ 85 ] [ 86 ] Furthermore, the real effective exchange rate in May 2024, when the 2020 average is set at 100, is 68.65, the lowest level since the start of the Bank of Japan statistics in January 1970, due to a combination of low ...
Both "A" and "B yen" scrip in denominations from 10 sen to 100 yen were printed in 1945. These were to be used immediately upon the invasion of Okinawa, April 1, 1945. [1] [2] "A yen" scrip along with their "B yen" counterparts were initially presented in "SPECIMEN" booklets to help US Forces personnel identify the new invasion currency to be used.