JPY to INR: Convert Japanese Yen to Indian Rupee

Japan is one of the countries that devalues its currency to maintain a healthy outflow of exports. Japan’s major export industries include automobiles, consumer electronics, computers, semiconductors, copper, iron and steel. Additional key industries in Japan’s economy are petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods. In a nutshell, the country thrives on exports which makes it interesting when we explore the trend of the JPY to INR exchange rate. This will help the NRIs in Japan to sort out their remittances to India.

JPY to INR: Convert Japanese Yen to Indian Rupee
JPY to INR: Convert Japanese Yen to Indian Rupee

JPY to INR Conversion Rate Today

1 JPY = 0.71 INR

1 INR = 1.40 JPY

JPY to INR Weekly Trend

DateJPY to INR
30/10/20200.71 INR
31/10/20200.71 INR
01/11/20200.71 INR
02/11/20200.71 INR
03/11/20200.71 INR
04/11/20200.71 INR
05/11/20200.71 INR
Weekly Trend of Conversion Rates

Japanese Yen VS Indian Rupee Trend: (October 2020)

October 2020JPY to INR
1st October0.70 INR
31st October0.71 INR
Highest Rate0.71 INR (31st October)
Lowest Rate0.69 INR (10th October)
PerformanceRising
% Change+2.23%
Japanese Yen VS Indian Rupee Trend: October 2020
How to find the Cheapest way to Remit Money to India

Converting JPY to INR: The Factors

Converting one currency to another involves multiple factors that affect these exchange rates. The Forex market is the largest market in the world and the trade of currencies happens almost all the time. The exchange rate of the currencies is impacted by external factors like inflation, which refers to the rates at which the general price of goods and services increase in a country. The lowering of inflation is a healthy sign for the economy of the country resulting in the appreciation of the currency.

There are a lot of other factors that affect the rate of exchange such as interest rates, balance of payments, supply of money, etc. The economic, social and political conditions of a country defines how strong or weak its currency will be. With the positives falling in one place, the value of the currency rises and it becomes preferred by investors globally. The more the country exports its goods and services the more the currency strengthens. The balancing of imports with exports is a very essential factor to determine the strength and value of the currency.

These factors are very volatile and these exchange rates fluctuate every day. But worry not! We at SBNRI, trace these changes on a regular basis to help you with your investments and remittances. Connect to our experts using the button below to get advisory on choosing the best time to remit money to India capitalizing on the best exchange rates for JPY to INR. Also, visit our blog and youtube channel for more details.

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