Since 2007, the Bank of Japan (BOJ) has been a vital source for foreign exchange rate data, offering daily updates on their website. This information, crucial for financial professionals and anyone tracking currency movements, is drawn from market participant data and is subject to revisions to ensure accuracy. For those specifically monitoring the Euro To Yen exchange rate, understanding how to access this data is key.
For the most recent exchange rate figures, covering the last seventy business days, the BOJ provides a “List of Foreign Exchange Rates (Daily)“. This daily data is readily accessible for quick reference. However, for users needing a broader historical perspective on the euro to yen or other currency pairs, the “BOJ Time-Series Data Search” tool is the recommended resource for long-term data series.
Navigating the BOJ Time-Series Data Search, users will find spot rates for US Dollar/Yen and Euro/US Dollar at two key points in the Tokyo trading day: 9:00 AM and 5:00 PM Japan Standard Time (JST). These rates are presented as the mid-rate between the bid and offer prices. Interestingly, direct euro to yen spot rates are not explicitly listed within the “BOJ Time-Series Data Search.” However, the resourceful user can easily derive the euro to yen rate.
To calculate the euro to yen exchange rate, simply multiply the US Dollar/Yen spot rate by the Euro/US Dollar spot rate for the corresponding time (9:00 or 17:00 JST). This simple calculation provides the needed euro to yen exchange rate data point, leveraging the available data to obtain the desired currency pair information.
It’s also important for users to be aware of potential data revisions and corrections. The BOJ maintains transparency regarding any changes to their published data. They provide “Notices of Changes and Corrections,” detailing any adjustments made to previously released figures. These notices, available as linked documents, ensure users are working with the most accurate and up-to-date historical euro to yen and other exchange rate data. By consulting both the daily releases and the time-series search, and keeping in mind the calculation method for euro to yen, users can effectively leverage the Bank of Japan’s data for their foreign exchange analysis needs.
