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base info Hooked Protocol

Hooked Protocol to Japanese Yen Converter and calculator

Convert 1Hooked Protocol (HOOK) to Japanese Yen (JPY) equals ¥ 141.06 | 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 Hooked Protocol currency pair is the HOOK to JPY, with for Hooked Protocol's currency code being HOOK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JPY.

HOOK to JPY conversion rate trend

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In the past 1D, Hooked Protocol has changed -9.53% to JPY. Based on the trend and price charts, Hooked Protocol(HOOK) has changed -9.53% to JPY while Japanese Yen(JPY) has changed % to HOOK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥140.89
0.0001% / 0.0004%vip-iconVIP
Binance
¥140.81
0.1000% / 0.1000%
Yes
Gate.io
¥140.72
0.1000% / 0.1000%
Yes
Bybit
¥140.71
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 07:00:27(UTC+0)

What factors influence the conversion rate of Hooked Protocol to Japanese Yen?

Hooked Protocol to Japanese Yen is falling this week.
Hooked Protocol's current market price is ¥ 141.06 per HOOK, with a total market cap of ¥ 19,643,619,452.13 JPY based on a circulating supply of 139,254,290 HOOK. The trading volume of Hooked Protocol has changed by -13.67% (¥ -528,511,865.41 JPY) in the last 24 hours. Last trading day, HOOK's trading volume was ¥ 3,867,065,672.11.
Market cap
$128.16M
24h volume
$21.78M
Circulating supply
139.25M HOOK

Conversion tables

The exchange rate of Hooked Protocol is decreasing.
1 HOOK is currently valued at ¥ 141.06 JPY , which means buying 5 HOOK will cost ¥ 705.31 JPY . Similarly, ¥1 JPY can be traded for 0.007089 HOOK, and ¥50 JPY can be converted to 0.3545 HOOK, excluding any platform or gas fees.
The exchange rate of 1 HOOK to Japanese Yen has changed by -32.42% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.53%, reaching a high of 158.93 JPY and a low of 111.18 JPY . One month ago, the value of 1 HOOK was ¥ 230.15 JPY , which represents a -38.73% change from its current value. Over the last year, Hooked Protocol has changed by
-¥
182.78JPY
, resulting in a change of -56.46% in its value.

HOOK to JPY

Amount
07:30 am today
0.5 HOOK
¥70.53
1 HOOK
¥141.06
5 HOOK
¥705.31
10 HOOK
¥1,410.63
50 HOOK
¥7,053.15
100 HOOK
¥14,106.29
500 HOOK
¥70,531.47
1000 HOOK
¥141,062.93

JPY to HOOK

Amount07:30 am today
0.5JPY0.003545  HOOK
1JPY0.007089  HOOK
5JPY0.03545  HOOK
10JPY0.07089  HOOK
50JPY0.3545  HOOK
100JPY0.7089  HOOK
500JPY3.54  HOOK
1000JPY7.09  HOOK
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Today vs. 24 hours ago

Amount07:30 am today24 hours ago24h change
0.5 HOOK$0.4602$0.5086
-9.53%
1 HOOK$0.9203$1.02
-9.53%
5 HOOK$4.6$5.09
-9.53%
10 HOOK$9.2$10.17
-9.53%
50 HOOK$46.02$50.86
-9.53%
100 HOOK$92.03$101.71
-9.53%
500 HOOK$460.16$508.56
-9.53%
1000 HOOK$920.33$1,017.13
-9.53%

Today vs. 1 month ago

Amount07:30 am today1 month ago1M change
0.5 HOOK$0.4602$0.7508
-38.73%
1 HOOK$0.9203$1.5
-38.73%
5 HOOK$4.6$7.51
-38.73%
10 HOOK$9.2$15.02
-38.73%
50 HOOK$46.02$75.08
-38.73%
100 HOOK$92.03$150.16
-38.73%
500 HOOK$460.16$750.79
-38.73%
1000 HOOK$920.33$1,501.57
-38.73%

Today vs. 1 year ago

Amount07:30 am today1 year ago1Y change
0.5 HOOK$0.4602$1.06
-56.46%
1 HOOK$0.9203$2.11
-56.46%
5 HOOK$4.6$10.56
-56.46%
10 HOOK$9.2$21.13
-56.46%
50 HOOK$46.02$105.64
-56.46%
100 HOOK$92.03$211.28
-56.46%
500 HOOK$460.16$1,056.4
-56.46%
1000 HOOK$920.33$2,112.79
-56.46%

FAQ

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