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Why Japanese currency is low?

Discussion in 'Japan Discussion' started by Muz1234, May 28, 2018.

  1. Muz1234

    Muz1234 Active Member

    Can anyone explain why is the currency has big difference compare to other countries? Why is the number big there for items in the country? Like 10,000 yen, for example.
     
  2. CoolKevin

    CoolKevin Nutcase on the loose Staff Member Super Moderator

    I really think you are spamming us with this one

    many currencies revalued, and if you want to be a fake billionaire go to Vietnam
     
    javneo1 likes this.
  3. Jackdee

    Jackdee Active Member

    Who cares? It is what it is.
    Learn to count in Japanese, then you might get it .
     
    desioner likes this.
  4. desioner

    desioner Sustaining L.I.F.E. Staff Member Super Moderator

    I can’t take any more of your stupidity... you get one week off to go study, meet people, play games or whatever. If you come back and continue this shit I’ll make it 2 weeks! This is your only warning.
     
    Jackdee likes this.
  5. INever2

    INever2 Well-Known Member

    My theory is that one of the things talked about at the big global summits are covered mouth whispers of who's turn it is to have a strong or weak currency, and the exact moment of central bank intervention.

    A big move which happens when banks intervene, say 10 or 20 basis points in one trading session...has the potential to turn be a 4x to 5x ROI.

    I remember watching the swissie re-peg several years ago. My thoughts were...tonight there are some central banker misstresses and children who will never have to work again...

    The sure thing...
     
  6. fwildly

    fwildly Well-Known Member

    Y'know, I've actually decided that I'm going to give you a serious answer for this question.

    Japanese yen is actually of significantly higher value than many other currencies worldwide. In fact, as of time of posting, its stronger even than the US dollar in terms of actual 1-to-1 value. Of course, such direct comparisons of currency isn't exactly accurate as its like comparing apples to oranges, but let's just go for the superficial comparison here which is what you seem to be asking about.

    Your problem here is perception. You directly compared 10,000 yen to 10,000 of your own currency which is Ringgit and than you go "Hah! We win!" This is way off for a simple reason - the Japanese don't use decimals in their currency and thus don't have a dollar and cents system. This is actually a smarter way to manage money. If you are a programmer and have written software that deals with currency before, you'll know what exactly I'm talking about.

    Can't keep up? I'm guessing you can't so I'm going to explain it like this:
    99 yen + 1 yen = 100 yen.
    99 sen (Malaysian cents) + 1 sen = 1 Ringgit.
    Your currency resets to 1 past a 100. The yen doesn't. So you should actually convert everything in your currency back to coin value before you compare to Japanese Yen.

    A more direct approach would be to look at the value of the smallest currency. This is a 1-yen coin:
    upload_2018-6-19_11-41-56.
    Its value (at point of posting) is actually even higher than the American penny. What is the value of the Malaysian 1 cent coin? Nothing, cos it doesn't exist anymore as it has been phased out for being worth so little that that its not minting the coin anymore. Anyway, 1 yen = 3.64 Malaysian cents. You were saying something about the yen being low?

    This is 500 yen which is their largest coin.

    . upload_2018-6-19_11-41-40.
    The largest Malaysian coin is 50 cents. That actually converts to a mere ~13 yen. 500 yen converts to about ~4.5 USD or 18+ Malaysian ringgit. I want you to consider this for a moment. 18 Malaysian ringgit is of such low value to the Japanese that it is just small change to them. Their largest coin can pay for a good meal anywhere in the world. Your largest coin can buy you a small pack of tissues to cry with in your own country. They actually hand those out for free when you walk around in Japan.

    You were deriding their 10,000 yen, I believe?
    upload_2018-6-19_12-13-7.
    But again, you should look at cent values. Your 10,000 Malaysian cents is actually just 100 Malaysian Ringgit. Now what is worth more? 10,000 JPY or 100 MYR?

    Still think Japanese currency is 'low'? Or maybe its just your IQ? Yes, I have to insult you now cos that's just a really lame question, honestly.
     
    bigloser0 and desioner like this.
  7. Muz1234

    Muz1234 Active Member

    Who gives the call that their currency is high, their own central banks in Japan?
     
  8. Jackdee

    Jackdee Active Member

    Did you learn anything from your time in the naughty corner Muz? Like not to ask dipshit questions?
     
    desioner likes this.
  9. fwildly

    fwildly Well-Known Member

    I'm not even going to attempt to try to explain monetary policy to you.

    But yes, the central bank.
     
  10. desioner

    desioner Sustaining L.I.F.E. Staff Member Super Moderator

    Wow, you are helpless... I understand that English is not your native language but @fwildly clearly and easily broke down the yen for you... what do you want a fucking lesson in international economics?!
     
    kimfj8888 likes this.