Exchange rates (¥ / US$)
Japanese yen per US dollar · annual average · 1949–2026
Every yen figure on this site is converted to US dollars at the average rate of the figure’s own year — its contemporaneous rate, never today’s. A 1970 amount uses the 1970 rate; a 2024 amount uses the 2024 rate. Revenue charts are shown in yen.
The table below lists the ¥/US$ rate used for each year, and the exchange-rate regime it comes from. Sources follow.
Rate by year
| Year | ¥ / US$ | Basis |
|---|---|---|
| 1949 | 360.00 | Fixed peg |
| 1950 | 360.00 | Fixed peg |
| 1951 | 360.00 | Fixed peg |
| 1952 | 360.00 | Fixed peg |
| 1953 | 360.00 | Fixed peg |
| 1954 | 360.00 | Fixed peg |
| 1955 | 360.00 | Fixed peg |
| 1956 | 360.00 | Fixed peg |
| 1957 | 360.00 | Fixed peg |
| 1958 | 360.00 | Fixed peg |
| 1959 | 360.00 | Fixed peg |
| 1960 | 360.00 | Fixed peg |
| 1961 | 360.00 | Fixed peg |
| 1962 | 360.00 | Fixed peg |
| 1963 | 360.00 | Fixed peg |
| 1964 | 360.00 | Fixed peg |
| 1965 | 360.00 | Fixed peg |
| 1966 | 360.00 | Fixed peg |
| 1967 | 360.00 | Fixed peg |
| 1968 | 360.00 | Fixed peg |
| 1969 | 360.00 | Fixed peg |
| 1970 | 360.00 | Fixed peg |
| 1971 | 360.00 | Fixed peg |
| 1972 | 308.00 | Smithsonian peg |
| 1973 | 274.00 | JIL · fiscal-year avg. |
| 1974 | 293.00 | JIL · fiscal-year avg. |
| 1975 | 299.00 | JIL · fiscal-year avg. |
| 1976 | 292.00 | JIL · fiscal-year avg. |
| 1977 | 257.00 | JIL · fiscal-year avg. |
| 1978 | 201.00 | JIL · fiscal-year avg. |
| 1979 | 230.00 | JIL · fiscal-year avg. |
| 1980 | 226.69 | BoJ · calendar-year avg. |
| 1981 | 220.55 | BoJ · calendar-year avg. |
| 1982 | 249.06 | BoJ · calendar-year avg. |
| 1983 | 237.48 | BoJ · calendar-year avg. |
| 1984 | 237.53 | BoJ · calendar-year avg. |
| 1985 | 238.53 | BoJ · calendar-year avg. |
| 1986 | 168.52 | BoJ · calendar-year avg. |
| 1987 | 144.60 | BoJ · calendar-year avg. |
| 1988 | 128.13 | BoJ · calendar-year avg. |
| 1989 | 137.98 | BoJ · calendar-year avg. |
| 1990 | 144.81 | BoJ · calendar-year avg. |
| 1991 | 134.51 | BoJ · calendar-year avg. |
| 1992 | 126.67 | BoJ · calendar-year avg. |
| 1993 | 111.18 | BoJ · calendar-year avg. |
| 1994 | 102.22 | BoJ · calendar-year avg. |
| 1995 | 94.05 | BoJ · calendar-year avg. |
| 1996 | 108.77 | BoJ · calendar-year avg. |
| 1997 | 121.02 | BoJ · calendar-year avg. |
| 1998 | 130.89 | BoJ · calendar-year avg. |
| 1999 | 113.84 | BoJ · calendar-year avg. |
| 2000 | 107.74 | BoJ · calendar-year avg. |
| 2001 | 121.52 | BoJ · calendar-year avg. |
| 2002 | 125.28 | BoJ · calendar-year avg. |
| 2003 | 115.92 | BoJ · calendar-year avg. |
| 2004 | 108.16 | BoJ · calendar-year avg. |
| 2005 | 110.15 | BoJ · calendar-year avg. |
| 2006 | 116.28 | BoJ · calendar-year avg. |
| 2007 | 117.77 | BoJ · calendar-year avg. |
| 2008 | 103.33 | BoJ · calendar-year avg. |
| 2009 | 93.53 | BoJ · calendar-year avg. |
| 2010 | 87.77 | BoJ · calendar-year avg. |
| 2011 | 79.78 | BoJ · calendar-year avg. |
| 2012 | 79.79 | BoJ · calendar-year avg. |
| 2013 | 97.60 | BoJ · calendar-year avg. |
| 2014 | 105.84 | BoJ · calendar-year avg. |
| 2015 | 121.02 | BoJ · calendar-year avg. |
| 2016 | 108.84 | BoJ · calendar-year avg. |
| 2017 | 112.16 | BoJ · calendar-year avg. |
| 2018 | 110.40 | BoJ · calendar-year avg. |
| 2019 | 109.01 | BoJ · calendar-year avg. |
| 2020 | 106.78 | BoJ · calendar-year avg. |
| 2021 | 109.78 | BoJ · calendar-year avg. |
| 2022 | 131.37 | BoJ · calendar-year avg. |
| 2023 | 140.51 | BoJ · calendar-year avg. |
| 2024 | 151.50 | BoJ · calendar-year avg. |
| 2025 | 149.65 | BoJ · calendar-year avg. |
| 2026 | 158.16 | BoJ · calendar-year avg. (partial) |
Sources
- 1949–1971 — Fixed rate. The postwar Bretton Woods / Dodge Line peg of ¥360 to the dollar, set in 1949 and held until 1971.
- 1972 — The ¥308 Smithsonian peg, held until the yen was allowed to float in February 1973.
- 1973–1979 — Fiscal-year (April–March) averages from the Japan Institute for Labour Policy and Training (JIL). Provisional — to be aligned with Bank of Japan calendar-year figures later.
- 1980–present — Bank of Japan (stat-search FM08′FXERM07): Tokyo market ¥/$ spot, 17:00, calendar-year average of monthly averages.
Own-year rule. Yen amounts are converted at the rate of their own year, never today’s rate.
Before 1949. No rate is provided; figures dated before 1949 are shown in yen only.
Fiscal vs. calendar year. 1973–1979 are fiscal-year (April–March) averages; 1980 onward are calendar-year averages. In volatile years the two bases can differ by several yen.
Partial year. 2026 is a part-year average and should be treated as provisional.
Rates last updated 2026-07-10.