Japanese Yen united states dollar history for May 2023. The highest quote for this month is 0.007336 (15/05/2023) and the lowest 0.007368 (15/05/2023). The difference between high and low is -0.44.
JPY USD average rate for May 2023 is 0.00727, the change between 01/05/2023 and 31/05/2023 is +2.85 %.
| 15 May 2023 | 1 JPY = 0.0074 USD |
| 17 May 2023 | 1 JPY = 0.0073 USD |
| 24 May 2023 | 1 JPY = 0.0072 USD |
| 31 May 2023 | 1 JPY = 0.0072 USD |
28/07/2016: Bank of Japan announces stimulus package
The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.
11/03/2011: Great East Japan Earthquake
The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.
15/09/2008: Lehman Brothers bankruptcy
The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.
20/03/1995: Kobe earthquake
The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.
22/09/1985: Plaza Accord
Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.
01/03/1973: Yen becomes a floating currency
The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.
15/12/1953: Yen is introduced
The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.