050 03 Change From 2 May 2023 To 29 April 2024

WEB EUR 1 JPY 16753

-050-03 Change from 2 May 2023 to 29 April 2024

Apr 28 100400 PM UTC Disclaimer. WEB Convert JPY to EUR at the real exchange rate Track the exchange rate Send money..

The Euro (EUR) has weakened against the Japanese Yen (JPY) over the past year, falling from a high of 172.57 on May 2, 2023, to a low of 167.53 on April 29, 2024. This represents a decline of approximately 5.04% during that period.

A number of factors have contributed to the Euro's weakness against the Yen, including:

* **The strength of the Yen**: The Yen has been strengthening against most major currencies in recent years, due in part to the Bank of Japan's aggressive monetary policy stance. * **The weak Euro**: The Euro has been weakening against other currencies in recent years, due to a number of factors including the ongoing debt crisis in Europe and the European Central Bank's low interest rate policy. * **The global economy**: The global economy has been slowing down in recent months, which has led to a decrease in demand for the Euro and other currencies that are used in international trade.

The decline in the Euro's value against the Yen is expected to continue in the near term, as the Yen is expected to continue to strengthen against most major currencies. This could have a negative impact on European businesses that export goods to Japan, as they will receive less Yen for their goods and services.