May 8th, 2019

Exchange Rates

At the end of April 2019, USD/Yen exchange rate closed at 111.68.

Published monthly by the Bank of Japan. Updated to the month of April 2019 (published on May 8th, 2019). Effective exchange rate for March is published on April 17th, 2019.

Recent data trend

In April 2019, the average exchange rate of USD/JPY was 111.68, virtually unchanged from the average of 110.75 in March 2019.The Real Effective Exchange Rate (REER) of Yen in March was 74.58 (2010=100), virtually unchanged from 75.34 in February 2019. 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 maintai...

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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: June 3rd, 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). ( The weights of trade are calculated once every three years.


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