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base info Arweave

Arweave to Japanese Yen Converter and calculator

Convert 1Arweave (AR) to Japanese Yen (JPY) equals ¥ 4,360.35 | Bitget

JPY information

About the Japanese Yen (JPY)

What Is the Japanese Yen (JPY)?

The Japanese Yen, abbreviated as JPY, is the national currency of Japan. The symbol for the Japanese Yen is "¥", which is used to denote the currency in international financial transactions. The yen's introduction in 1871 was a significant part of Japan's modernization policy under the Meiji government, aligning with the European Decimal Monetary System. The Japanese Yen is the sole legal tender in Japan, and it is used for all transactions within the country.

The Japanese Yen is issued by the Bank of Japan (BOJ), which is the central bank of Japan. Established in 1882, the Bank of Japan is responsible for issuing and managing the country's currency and monetary policy. It plays a crucial role in the Japanese financial system, including controlling the money supply, setting interest rates, and ensuring the stability of the Japanese financial system.

What Is the History of JPY?

The yen replaced a diverse range of currencies issued by feudal fiefs, known as Hansatsu, following the New Currency Act of 1871. This change was part of Japan's transition from a collection of feudal fiefs to a unified, modern state. The Bank of Japan, established in 1882, eventually took over the issuance of currency, marking a significant step in centralizing and stabilizing Japan's monetary system.

Notes and Coins of JPY

The Japanese Yen includes coins like the lightweight 1 Yen, the lucky 5 Yen with a hole, the 10 Yen featuring Byodo-in Temple, the 50 Yen, the commonly used 100 Yen with cherry blossoms, and the highest value 500 Yen coin. Banknotes comprise the 1,000 Yen with Hideyo Noguchi, the less common 2,000 Yen depicting a scene from "The Tale of Genji," the 5,000 Yen featuring writer Ichiyo Higuchi, and the highest 10,000 Yen note with Yukichi Fukuzawa. These currencies reflect Japan's culture, history, and natural beauty.

Current Status and Global Standing

As of 2024, the Japanese yen was recognized as one of the top-performing currencies, with projections indicating its potential to surpass the US dollar in terms of strength. JPY also holds the distinction of being the third most traded currency in the forex market, following the US dollar and the euro. It also serves as a commonly used reserve currency alongside the USD, euro, and pound sterling. Factors contributing to this include liquidity from Japan's central bank, government spending, and global demand for Japanese exports. The yen's appreciation is often attributed to the strengthening of the US dollar and the growth of the Japanese economy.

Bank of Japan's Monetary Policy

The Bank of Japan maintains a near-zero interest rate policy, historically aligning with Japan's strict anti-inflation stance. Post the 2008 Global Financial Crisis, Japan faced a period of deflation. In response, in 2013, the Bank of Japan announced an expansion of its Asset Acquisition Policy by $1.4 trillion over two years, aiming to shift from deflation to a target inflation rate of 2%. This policy intended to double the money supply, reflecting a significant shift in Japan's monetary approach.

What Is Digital Yen?

The Digital Yen, or DCJPY, is a Japanese yen-backed digital currency set to launch in July 2024. Developed by DeCurret Holdings, the DCJPY ecosystem will feature two distinct blockchain networks: the "Business Zone'' for issuing user assets, including digital assets and non-fungible tokens (NFTs), and the "Financial Zone" for banks to mint deposits as digital assets. This initiative aligns with the vision of Hiromi Yamaoka, chairperson of the Digital Currency Forum, who believes that digital currencies will play a central role in the future economic development and welfare by enhancing the functions of information and data processing. The DCJPY is designed to coexist with a central bank digital currency (CBDC), marking a significant step in Japan's embrace of digital financial technology.

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Bitget crypto-to-fiat exchange data shows that the most popular Arweave currency pair is the AR to JPY, with for Arweave's currency code being AR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JPY.

AR to JPY conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arweave has changed +17.69% to JPY. Based on the trend and price charts, Arweave(AR) has changed +17.69% to JPY while Japanese Yen(JPY) has changed % to AR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥4,374.09
0.0001% / 0.0004%vip-iconVIP
Binance
¥4,380.98
0.1000% / 0.1000%
Yes
OKX
¥4,377.76
0.080% / 0.100%
Yes
Huobi
¥4,374.92
0.1000% / 0.1000%
Yes
Gate.io
¥4,374.7
0.1000% / 0.1000%
Yes
Bybit
¥4,367.92
0.1000% / 0.1000%
Yes
KuCoin
¥4,372.56
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 02:00:29(UTC+0)

What factors influence the conversion rate of Arweave to Japanese Yen?

Arweave to Japanese Yen is falling this week.
Arweave's current market price is ¥ 4,360.35 per AR, with a total market cap of ¥ 285,403,447,120.94 JPY based on a circulating supply of 65,454,184 AR. The trading volume of Arweave has changed by -30.01% (¥ -9,949,034,954.99 JPY) in the last 24 hours. Last trading day, AR's trading volume was ¥ 33,157,481,503.3.
Market cap
$1.86B
24h volume
$151.54M
Circulating supply
65.45M AR

Conversion tables

The exchange rate of Arweave is decreasing.
1 AR is currently valued at ¥ 4,360.35 JPY , which means buying 5 AR will cost ¥ 21,801.77 JPY . Similarly, ¥1 JPY can be traded for 0.0002293 AR, and ¥50 JPY can be converted to 0.01147 AR, excluding any platform or gas fees.
The exchange rate of 1 AR to Japanese Yen has changed by -15.52% in the last 7 days. In the last 24 hours, the rate has fluctuated by +17.69%, reaching a high of 4,429.31 JPY and a low of 3,595.63 JPY . One month ago, the value of 1 AR was ¥ 5,428.17 JPY , which represents a -19.66% change from its current value. Over the last year, Arweave has changed by
+¥
1,425.33JPY
, resulting in a change of +210.26% in its value.

AR to JPY

Amount
02:11 am today
0.5 AR
¥2,180.18
1 AR
¥4,360.35
5 AR
¥21,801.77
10 AR
¥43,603.54
50 AR
¥218,017.72
100 AR
¥436,035.43
500 AR
¥2,180,177.17
1000 AR
¥4,360,354.34

JPY to AR

Amount02:11 am today
0.5JPY0.0001147  AR
1JPY0.0002293  AR
5JPY0.001147  AR
10JPY0.002293  AR
50JPY0.01147  AR
100JPY0.02293  AR
500JPY0.1147  AR
1000JPY0.2293  AR
share

Today vs. 24 hours ago

Amount02:11 am today24 hours ago24h change
0.5 AR$14.24$12.09
+17.69%
1 AR$28.47$24.19
+17.69%
5 AR$142.36$120.95
+17.69%
10 AR$284.71$241.89
+17.69%
50 AR$1,423.57$1,209.46
+17.69%
100 AR$2,847.13$2,418.92
+17.69%
500 AR$14,235.66$12,094.58
+17.69%
1000 AR$28,471.32$24,189.15
+17.69%

Today vs. 1 month ago

Amount02:11 am today1 month ago1M change
0.5 AR$14.24$17.72
-19.66%
1 AR$28.47$35.44
-19.66%
5 AR$142.36$177.22
-19.66%
10 AR$284.71$354.44
-19.66%
50 AR$1,423.57$1,772.19
-19.66%
100 AR$2,847.13$3,544.37
-19.66%
500 AR$14,235.66$17,721.86
-19.66%
1000 AR$28,471.32$35,443.71
-19.66%

Today vs. 1 year ago

Amount02:11 am today1 year ago1Y change
0.5 AR$14.24$4.58
+210.26%
1 AR$28.47$9.16
+210.26%
5 AR$142.36$45.82
+210.26%
10 AR$284.71$91.65
+210.26%
50 AR$1,423.57$458.23
+210.26%
100 AR$2,847.13$916.45
+210.26%
500 AR$14,235.66$4,582.25
+210.26%
1000 AR$28,471.32$9,164.5
+210.26%

FAQ

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