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Currency Converter Result for 1 JPY to SEK rate.


1 JPY
Japanese Yen (JPY)
= 0.06818 SEK
Swedish Krona (SEK)
1 JPY = 0.06818 SEK   1 SEK = 14.66713 JPY

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When converting from Yen to Krona, it's important to note that exchange rates fluctuate constantly due to various factors such as economic conditions, geopolitical events, and market sentiment. Therefore, the Yen rate displayed may vary slightly from moment to moment. Rest assured, we strive to provide you with the most accurate and up-to-date Yen exchange rates available. Whether you're converting Yen to Krona for a vacation or monitoring currency fluctuations for investment purposes, our tool provides reliable data.

When looking at exchange rates, there will be tools you have to use to make your investment decisions. An integral tool is a currency converter. This currency converter will simply convert currency rates to the value of another. The Yen exchange rate used is taken daily from European Central Bank rates.

 

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The Japanese Yen, with currency code JPY, is the official currency of Japan, a country on the continent of Asia. The central bank of Japan is responsible for issuing and regulating the currency.

Bank of Japan is situated in Tokyo and was established in 1882. The main purposes of this bank are to stabilize the price change and maintain the work of the financial systems. BOJ is also in operation to further influence economic growth and stability. As one of the most traded currencies on the FX market, the Yen is seen as a safe-haven currency in times of economic uncertainty. This is supported by the fact that Japan has a large foreign exchange reserve and is stable, and has a stable inflation rate.

 

The Swedish Krona is Sweden’s official currency situated in Northern Europe. Krona means Crown in English represents the heart and soul of the Swedish economy.

Although the official exchange rate category is minor in the global forex market, it is one of the most traded in the Scandinavian group of nations. Sweden’s economy is high in innovation, large-scale manufacturing, and a robust welfare state system. The currency operates on a floating exchange rate system, which implies that the value of the SEK is determined by the dynamics of the monetary transaction in the international foreign exchange market. It is susceptible to conditions in the global financial markets; Sweden’s floating interest rate approach benefits its economy because it can adjust more immediately and typically to shifts in global economic circumstances.

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