Course Japanese Yen
Current average rate JPY
Current rate JPY/PLN:
4,2520
Range:
24 hours
Chart type:
Line chart
Set up a rate notification JPY/PLN
How is the average Japanese yen exchange rate calculated at the National Bank of Poland?
The National Bank of Poland publishes the average JPY exchange rate as a reference value based on data from the wholesale market. In the case of the yen, it is worth remembering that in NBP tables the exchange rate is often given per 100 currency units, which makes it easier to present when the denomination of a single yen is low. This is an information rate, not a transaction rate, so it does not show the spread from exchange offers.
What is the current JPY to PLN exchange rate?
JPY/PLN may look different depending on whether the value is quoted for 1 JPY or 100 JPY. Therefore, when comparing, check the presentation unit and whether the rate refers to the reference value, market quotations or purchase and sale rates. In JPY, differences in transaction offers may also result from how the institution converts and rounds the values.
What is the difference between the Japanese yen exchange rate from the National Bank of Poland and the exchange rate at currency exchange offices?
The exchange rate of the National Bank of Poland is average and informative, while currency exchange offices apply two rates (buy and sell) and a spread. In the case of JPY, the way the units are presented is also important, which sometimes gives the false impression of large differences. Therefore, when comparing rates, always check whether we are talking about 1 JPY or 100 JPY and whether it is a reference or transaction rate.
How to check the current JPY rate online?
First, check the NBP table to know the reference value and presentation unit (1 or 100 JPY). Then compare this with market prices and - if you're planning to trade - with the bid and ask rates on your chosen offer. In JPY, pay attention to the conversion method, because units and rounding can change the perception of "profitability".
What does the Japanese yen buying and selling rate mean?
The buy rate is when you sell JPY and the sell rate is when you buy JPY. The difference between these values (spread) is the exchange cost and may change depending on market conditions and the entity's pricing policy. In JPY, it is also worth checking for what unit (JPY 1 or 100) the rates in the offer are given.
What does the JPY exchange rate against the Polish zloty depend on?
The yen often responds to global risk sentiment and expectations regarding monetary policy in Japan. In relation to PLN, local factors in Poland and how the market values interest rate differences between economies are also important. Mood changes can quickly translate into short-term fluctuations.
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