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Thursday, July 14, 2011

1995 Japanese yen Historical exchange rate

1995 Japanese yen Historical exchange rate ; In 1985 a dramatic change began. Finance officials from major nations signed an agreement (the Plaza Accord) affirming that the dollar was overvalued (and, therefore, the yen undervalued). This agreement, and shifting supply and demand pressures in the markets, led to a rapid rise in the value of the yen. From its average of ¥239 per US$1 in 1985, the yen rose to a peak of ¥128 in 1988, virtually doubling its value relative to the dollar.

Jan Feb Mar Apr May Jun





99.79 98.23 90.77 83.53 85.21 84.54






Jul Aug Sep Oct Nov Dec
87.24 94.56100.31100.68101.89101.86
After declining somewhat in 1989 and 1990, it reached a new high of ¥123 to US$1 in December 1992. In April 1995, the yen hit a peak of under 80 yen per dollar, temporarily making Japan's economy nearly the size of the US.

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