As of 31 May 2024, the Japanese Yen to US Dollar exchange rate stands at USD 156.96 for both buying and selling rates in the open market. This rate is subject to fluctuations due to global supply and demand dynamics.
For individuals or businesses involved in currency exchange, understanding the current exchange rates is crucial for making informed decisions. The table below provides a snapshot of the exchange rates for Japanese Yen against various other currencies:
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| Australian Dollar (AUD) | 1.51 | 1.51 |
| British Pound (GBP) | 0.79 | 0.79 |
| Canadian Dollar (CAD) | 1.37 | 1.37 |
| Chinese Yuan (CNY) | 7.23 | 7.23 |
| Euro (EUR) | 0.92 | 0.92 |
| Japanese Yen (JPY) | 156.96 | 156.96 |
| New Zealand Dollar (NZD) | 1.64 | 1.64 |
| Swiss Franc (CHF) | 0.90 | 0.90 |
It is important to note that open market currency exchange rates may differ from those offered by banks, with banks often charging higher rates. Keeping track of inter-bank currency rates can help individuals secure better exchange deals.
For the most up-to-date exchange rates, individuals can refer to the country's top currency rates portal, which provides timely updates on currency fluctuations. By staying informed about exchange rate movements, individuals can make more informed decisions when converting currencies.
