The Trading History of Yens to Dollars
The relationship between the U.S. dollar and the Japanese yen is one of the most watched currency relationships. Over the last decade, the exchange rate between these two currencies has fluctuated significantly. To understand the current rate between the dollar and the yen, it is useful to understand the historical trading levels.
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U.S. Dollar Versus Japanese Yen
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The U.S. dollar versus the Japanese yen exchange rate refers to how many yen one dollar will buy. An increase in the rate indicates a strengthening U.S. dollar versus the yen, and a decrease in the rate indicates a weakening of the U.S. dollar versus the yen.
Trading Range
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During the period between January 1, 1999, and December 10, 2010, the U.S. dollar versus the Japanese yen traded in the range of 80.47 yen per dollar and 134.77 yen per dollar. In the one year period between December 10, 2009, and December 10, 2010, the trading range was 80.47 yen per dollar and 94.68 yen per dollar.
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Highs and Lows
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During the period between January 1, 1999, and December 10, 2010, the highest U.S. dollar versus Japanese yen rate of 134.77 occurred on February 8, 2002, and the lowest dollar versus yen rate of 80.47 occurred on October 29, 2010. In the one year period between December 10, 2009, and December 10, 2010, the highest dollar versus yen rate of 94.68 occurred on May 3, 2010, and the lowest dollar versus yen rate of 80.47 occurred on October 29, 2010.
Japanese Yen Versus U.S. Dollar
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The relationship between the two currencies can also be expressed as the Japanese yen versus the U.S. dollar. This shows the amount of U.S. dollars that one yen will purchase. To calculate the yen versus dollar rate, use the formula 1 / yen versus dollar. For example, if the dollar versus yen is trading at 82.73, then the yen versus dollar is 1 / 82.73, or 0.01208.
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References
- Photo Credit yen image by veroji from Fotolia.com
