January 3rd, 2019

Exchange Rates

At the end of December 2018, USD/Yen exchange rate closed at 110.4.

Published monthly by the Bank of Japan. Updated to the month of December 2018 (published on January 3rd, 2019). Effective exchange rate for November is published on December 27th, 2018.

Recent data trend

In December 2018, the average exchange rate of USD/JPY was 112.38, virtually unchanged from the average of 113.36 in November 2018.The Real Effective Exchange Rate (REER) of Yen in November was 75.88 (2010=100), virtually unchanged from 75.72 in October 2018. The REER are published with a one month lag, as it required CPI data to calculate the real rate. The REER of the yen is at a historic weak level, comparable to where the yen was in the late 1970s. Given the sizable trade surplus Japan is...

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Brief Overview of “Exchange Rates” 

Exchange rates statistics for Japan that appear on this page come from Bank of Japan. For more details and for most recently updated statistics, please see their official pages.

Foreign Exchange Rates

Effective Exchange Rates

Nominal EER of USD is calculated as geometric weighted averages of bilateral exchange rates. Real EER of USD uses the same weighted averages of bilateral exchange rates adjusted by relative consumer prices.The effective exchange rate indices for USD (nominal and real) are released on a monthly basis by the Bank of International Settlements (BIS). For more information, please visit the official website.

Next Release Date: February 1st, 2019

Daily Chart

Published daily by the Bank of Japan.

Note: The Yen Index represents the nominal effective exchange rate of the yen (daily). The methodology of its calculation is basically based on that of the effective exchange rate released by the Bank for International Settlements (BIS). (http://www.bis.org/statistics/eer/index.htm). The weights of trade are calculated once every three years.


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