20 JPY = 99.38 NGN
21 JPY = 104.35 NGN. 22 JPY = 109.32 NGN. 23 JPY = 114.29 NGN. 24 JPY = 119.26 NGN. 25 JPY = 124.23 NGN. 26 JPY = 129.20 NGN. 27 JPY = 134.17 NGN. 28 JPY = 139.14 NGN. 29 JPY = 144.10 NGN.
30 JPY = 149.07 NGN
31 JPY = 154.04 NGN. 32 JPY = 159.01 NGN. 33 JPY = 163.98 NGN. 34 JPY = 168.95 NGN. 35 JPY = 173.92 NGN. 36 JPY = 178.89 NGN. 37 JPY = 183.86 NGN. 38 JPY = 188.83 NGN. 39 JPY = 193.80 NGN.
40 JPY = 198.77 NGN
41 JPY = 203.73 NGN. 42 JPY = 208.70 NGN. 43 JPY = 213.67 NGN. 44 JPY = 218.64 NGN. 45 JPY = 223.61 NGN. 46 JPY = 228.58 NGN. 47 JPY = 233.55 NGN. 48 JPY = 238.52 NGN. 49 JPY = 243.49 NGN.
50 JPY = 248.46 NGN
51 JPY = 253.43 NGN. 52 JPY = 258.39 NGN. 53 JPY = 263.36 NGN. 54 JPY = 268.33 NGN. 55 JPY = 273.30 NGN. 56 JPY = 278.27 NGN. 57 JPY = 283.24 NGN. 58 JPY = 288.21 NGN. 59 JPY = 293.18 NGN.
60 JPY = 298.15 NGN
61 JPY = 303.12 NGN. 62 JPY = 308.09 NGN. 63 JPY = 313.06 NGN. 64 JPY = 318.02 NGN. 65 JPY = 322.99 NGN. 66 JPY = 327.96 NGN. 67 JPY = 332.93 NGN. 68 JPY = 337.90 NGN. 69 JPY = 342.87 NGN.
70 JPY = 347.84 NGN
71 JPY = 352.81 NGN. 72 JPY = 357.78 NGN. 73 JPY = 362.75 NGN. 74 JPY = 367.72 NGN. 75 JPY = 372.68 NGN. 76 JPY = 377.65 NGN. 77 JPY = 382.62 NGN. 78 JPY = 387.59 NGN. 79 JPY = 392.56 NGN.
80 JPY = 397.53 NGN
81 JPY = 402.50 NGN. 82 JPY = 407.47 NGN. 83 JPY = 412.44 NGN. 84 JPY = 417.41 NGN. 85 JPY = 422.38 NGN. 86 JPY = 427.35 NGN. 87 JPY = 432.31 NGN. 88 JPY = 437.28 NGN. 89 JPY = 442.25 NGN.
90 JPY = 447.22 NGN
91 JPY = 452.19 NGN. 92 JPY = 457.16 NGN. 93 JPY = 462.13 NGN. 94 JPY = 467.10 NGN. 95 JPY = 472.07 NGN. 96 JPY = 477.04 NGN. 97 JPY = 482.01 NGN. 98 JPY = 486.97 NGN. 99 JPY = 491.94 NGN.
100 JPY = 496.91 NGN
110 JPY = 546.60 NGN. 120 JPY = 596.30 NGN. 130 JPY = 645.99 NGN. 140 JPY = 695.68 NGN. 150 JPY = 745.37 NGN. 160 JPY = 795.06 NGN. 170 JPY = 844.75 NGN. 180 JPY = 894.44 NGN. 190 JPY = 944.13 NGN.
200 JPY = 993.83 NGN
210 JPY = 1,043.52 NGN. 220 JPY = 1,093.21 NGN. 230 JPY = 1,142.90 NGN. 240 JPY = 1,192.59 NGN. 250 JPY = 1,242.28 NGN. 260 JPY = 1,291.97 NGN. 270 JPY = 1,341.66 NGN. 280 JPY = 1,391.36 NGN. 290 JPY = 1,441.05 NGN.
300 JPY = 1,490.74 NGN
310 JPY = 1,540.43 NGN. 320 JPY = 1,590.12 NGN. 330 JPY = 1,639.81 NGN. 340 JPY = 1,689.50 NGN. 350 JPY = 1,739.20 NGN. 360 JPY = 1,788.89 NGN. 370 JPY = 1,838.58 NGN. 380 JPY = 1,888.27 NGN. 390 JPY = 1,937.96 NGN.
400 JPY = 1,987.65 NGN
410 JPY = 2,037.34 NGN. 420 JPY = 2,087.03 NGN. 430 JPY = 2,136.73 NGN. 440 JPY = 2,186.42 NGN. 450 JPY = 2,236.11 NGN. 460 JPY = 2,285.80 NGN. 470 JPY = 2,335.49 NGN. 480 JPY = 2,385.18 NGN. 490 JPY = 2,434.87 NGN.
500 JPY = 2,484.56 NGN
510 JPY = 2,534.26 NGN. 520 JPY = 2,583.95 NGN. 530 JPY = 2,633.64 NGN. 540 JPY = 2,683.33 NGN. 550 JPY = 2,733.02 NGN. 560 JPY = 2,782.71 NGN. 570 JPY = 2,832.40 NGN. 580 JPY = 2,882.09 NGN. 590 JPY = 2,931.79 NGN.
600 JPY = 2,981.48 NGN
610 JPY = 3,031.17 NGN. 620 JPY = 3,080.86 NGN. 630 JPY = 3,130.55 NGN. 640 JPY = 3,180.24 NGN. 650 JPY = 3,229.93 NGN. 660 JPY = 3,279.63 NGN. 670 JPY = 3,329.32 NGN. 680 JPY = 3,379.01 NGN. 690 JPY = 3,428.70 NGN.
700 JPY = 3,478.39 NGN
710 JPY = 3,528.08 NGN. 720 JPY = 3,577.77 NGN. 730 JPY = 3,627.46 NGN. 740 JPY = 3,677.16 NGN. 750 JPY = 3,726.85 NGN. 760 JPY = 3,776.54 NGN. 770 JPY = 3,826.23 NGN. 780 JPY = 3,875.92 NGN. 790 JPY = 3,925.61 NGN.
800 JPY = 3,975.30 NGN
810 JPY = 4,024.99 NGN. 820 JPY = 4,074.69 NGN. 830 JPY = 4,124.38 NGN. 840 JPY = 4,174.07 NGN. 850 JPY = 4,223.76 NGN. 860 JPY = 4,273.45 NGN. 870 JPY = 4,323.14 NGN. 880 JPY = 4,372.83 NGN. 890 JPY = 4,422.52 NGN.
900 JPY = 4,472.22 NGN
910 JPY = 4,521.91 NGN. 920 JPY = 4,571.60 NGN. 930 JPY = 4,621.29 NGN. 940 JPY = 4,670.98 NGN. 950 JPY = 4,720.67 NGN. 960 JPY = 4,770.36 NGN. 970 JPY = 4,820.06 NGN. 980 JPY = 4,869.75 NGN. 990 JPY = 4,919.44 NGN.
1000 JPY = 4,969.13 NGN
1100 JPY = 5,466.04 NGN. 1200 JPY = 5,962.95 NGN. 1300 JPY = 6,459.87 NGN. 1400 JPY = 6,956.78 NGN. 1500 JPY = 7,453.69 NGN. 1600 JPY = 7,950.61 NGN. 1700 JPY = 8,447.52 NGN. 1800 JPY = 8,944.43 NGN. 1900 JPY = 9,441.35 NGN.
2000 JPY = 9,938.26 NGN
2100 JPY = 10,435.17 NGN. 2200 JPY = 10,932.08 NGN. 2300 JPY = 11,429.00 NGN. 2400 JPY = 11,925.91 NGN. 2500 JPY = 12,422.82 NGN. 2600 JPY = 12,919.74 NGN. 2700 JPY = 13,416.65 NGN. 2800 JPY = 13,913.56 NGN. 2900 JPY = 14,410.47 NGN.
3000 JPY = 14,907.39 NGN
3100 JPY = 15,404.30 NGN. 3200 JPY = 15,901.21 NGN. 3300 JPY = 16,398.13 NGN. 3400 JPY = 16,895.04 NGN. 3500 JPY = 17,391.95 NGN. 3600 JPY = 17,888.86 NGN. 3700 JPY = 18,385.78 NGN. 3800 JPY = 18,882.69 NGN. 3900 JPY = 19,379.60 NGN.
4000 JPY = 19,876.52 NGN
4100 JPY = 20,373.43 NGN. 4200 JPY = 20,870.34 NGN. 4300 JPY = 21,367.26 NGN. 4400 JPY = 21,864.17 NGN. 4500 JPY = 22,361.08 NGN. 4600 JPY = 22,857.99 NGN. 4700 JPY = 23,354.91 NGN. 4800 JPY = 23,851.82 NGN. 4900 JPY = 24,348.73 NGN.
5000 JPY = 24,845.65 NGN
5100 JPY = 25,342.56 NGN. 5200 JPY = 25,839.47 NGN. 5300 JPY = 26,336.38 NGN. 5400 JPY = 26,833.30 NGN. 5500 JPY = 27,330.21 NGN. 5600 JPY = 27,827.12 NGN. 5700 JPY = 28,324.04 NGN. 5800 JPY = 28,820.95 NGN. 5900 JPY = 29,317.86 NGN.
6000 JPY = 29,814.77 NGN
6100 JPY = 30,311.69 NGN. 6200 JPY = 30,808.60 NGN. 6300 JPY = 31,305.51 NGN. 6400 JPY = 31,802.43 NGN. 6500 JPY = 32,299.34 NGN. 6600 JPY = 32,796.25 NGN. 6700 JPY = 33,293.17 NGN. 6800 JPY = 33,790.08 NGN. 6900 JPY = 34,286.99 NGN.
7000 JPY = 34,783.90 NGN
7100 JPY = 35,280.82 NGN. 7200 JPY = 35,777.73 NGN. 7300 JPY = 36,274.64 NGN. 7400 JPY = 36,771.56 NGN. 7500 JPY = 37,268.47 NGN. 7600 JPY = 37,765.38 NGN. 7700 JPY = 38,262.29 NGN. 7800 JPY = 38,759.21 NGN. 7900 JPY = 39,256.12 NGN.
8000 JPY = 39,753.03 NGN
8100 JPY = 40,249.95 NGN. 8200 JPY = 40,746.86 NGN. 8300 JPY = 41,243.77 NGN. 8400 JPY = 41,740.68 NGN. 8500 JPY = 42,237.60 NGN. 8600 JPY = 42,734.51 NGN. 8700 JPY = 43,231.42 NGN. 8800 JPY = 43,728.34 NGN. 8900 JPY = 44,225.25 NGN.
9000 JPY = 44,722.16 NGN
9100 JPY = 45,219.08 NGN. 9200 JPY = 45,715.99 NGN. 9300 JPY = 46,212.90 NGN. 9400 JPY = 46,709.81 NGN. 9500 JPY = 47,206.73 NGN. 9600 JPY = 47,703.64 NGN. 9700 JPY = 48,200.55 NGN. 9800 JPY = 48,697.47 NGN. 9900 JPY = 49,194.38 NGN.
10000 JPY = 49,691.29 NGN
10100 JPY = 50,188.20 NGN. 10200 JPY = 50,685.12 NGN. 10300 JPY = 51,182.03 NGN. 10400 JPY = 51,678.94 NGN. 10500 JPY = 52,175.86 NGN. 10600 JPY = 52,672.77 NGN. 10700 JPY = 53,169.68 NGN. 10800 JPY = 53,666.59 NGN. 10900 JPY = 54,163.51 NGN.
11000 JPY = 54,660.42 NGN
11100 JPY = 55,157.33 NGN. 11200 JPY = 55,654.25 NGN. 11300 JPY = 56,151.16 NGN. 11400 JPY = 56,648.07 NGN. 11500 JPY = 57,144.99 NGN. 11600 JPY = 57,641.90 NGN. 11700 JPY = 58,138.81 NGN. 11800 JPY = 58,635.72 NGN. 11900 JPY = 59,132.64 NGN.
12000 JPY = 59,629.55 NGN
12100 JPY = 60,126.46 NGN. 12200 JPY = 60,623.38 NGN. 12300 JPY = 61,120.29 NGN. 12400 JPY = 61,617.20 NGN. 12500 JPY = 62,114.11 NGN. 12600 JPY = 62,611.03 NGN. 12700 JPY = 63,107.94 NGN. 12800 JPY = 63,604.85 NGN. 12900 JPY = 64,101.77 NGN.
13000 JPY = 64,598.68 NGN
13100 JPY = 65,095.59 NGN. 13200 JPY = 65,592.50 NGN. 13300 JPY = 66,089.42 NGN. 13400 JPY = 66,586.33 NGN. 13500 JPY = 67,083.24 NGN. 13600 JPY = 67,580.16 NGN. 13700 JPY = 68,077.07 NGN. 13800 JPY = 68,573.98 NGN. 13900 JPY = 69,070.90 NGN.
14000 JPY = 69,567.81 NGN
14100 JPY = 70,064.72 NGN. 14200 JPY = 70,561.63 NGN. 14300 JPY = 71,058.55 NGN. 14400 JPY = 71,555.46 NGN. 14500 JPY = 72,052.37 NGN. 14600 JPY = 72,549.29 NGN. 14700 JPY = 73,046.20 NGN. 14800 JPY = 73,543.11 NGN. 14900 JPY = 74,040.02 NGN.
15000 JPY = 74,536.94 NGN
Currency graphs have been hyperactive with high jumps and low dips lately. This fluctuation is normal and is governed by supply and demand.
Currency exchange involves the buying and selling of the world's monies vis-à-vis any other commodity. If the need for a particular country's currency is high, the high demand leads to a higher forex rate, and vice versa.
Just like the demand and supply of oil is influenced by the number of vehicles on the road or the technological efficiency in the production of that oil, money has similar determinants.
They range from monetary policies to politics and other factors that affect the economy.
Inflation rates are direct indicators of the purchasing power of a country's currency. If the inflation rate is high in your country, you might need more money to buy a cup of coffee now than you did last year. If it is low, the same cup of coffee will cost surprisingly lower.
High inflation rates indicate a weakening economy, while low inflation rates denote a strengthening economy. Currency values rise when the inflation rate is lower, and the economy is stronger. They fall when inflation rises.
Economy and politics are tied at the hip. Bad political temperatures can lead to the weakening of a country's currency and cause it to trade for less in the forex market. That is why you find that 1 USD can be worth thousands in countries with unstable politics from Venezuela to Zimbabwe. When politics is bad, it destroys the business environment and productivity, leading to a weaker economy.
Politically sound countries, on the other hand, have an encouraging environment for investors and innovators. Their economy gets stronger, and the demand for their currencies increases. However, even politically stable countries can have rapid changes in exchange rates when nearing an election.
Higher interest rate is another investor magnet. Let's say country A has a higher interest rate than country B. Lenders get high rates and investors are guaranteed a higher return on their investments in country A. This country will, therefore, attract more business from the outside and entrepreneurship from the inside than country B which has lower interest’s rates. The economy of country A will outperform that of country B, and it will see its currency value appreciate significantly.
International trade affects the balance of trade between country A and B. It shows interest, dividend, and earnings made from the exchange of goods between those two countries. Country A would have a deficit of its buying more of country B's products.
This country would spend more currency than it receives from trading with country B. The excess demand for country B's currency drives up its value because it starts to become scarce. On the other hand, country A's currency value will start to decline because the world is oversupplied with it.
Countries that operate on a deficit budget spend more than they make (collect in taxes). These countries often turn to internal or international borrowing to fill the gap in their finances and stimulate the economy.
However, that can lead to a massive public debt that discourages foreign investors and domestic entrepreneurs because large public debt drives up inflation and minimize returns on investment. The economy of such a country takes on a downturn. That eventuality leads to a weaker currency and a lower exchange rate.
Much of the whipsawing currently happening in the Forex market is linked to the coronavirus. Health disasters like these wreak havoc to a country's economy and make it impossible to work. A lot of resources are directed towards the health issue, while other areas of the economy suffer.
When it comes to ailments like influenza, malaria, and HIV AIDs, developed countries, have created better response strategies and lowered their infection rates. These countries boast of better economies as a result, and higher exchange rates in the Forex market.
But for a new epidemic that is affecting all parts of the world equally, exchange rates are dropping and rising based on individual country's response measures, death tolls, and progress in developing a cure vaccine.
Countless factors affect the demand and supply of a country's currency and in turn, the exchange rate. It all boils down to economic productivity and stability. Countries with stronger or strengthening economies will have a higher exchange rate (you will buy more foreign currency with their money) compared to countries with weaker or weakening economies.