For those tracking the Yen In Euro exchange rate, accessing reliable and up-to-date data is crucial. The Bank of Japan (BOJ) provides a wealth of information on foreign exchange rates, including data that allows you to understand the fluctuations between the Japanese Yen (JPY) and the Euro (EUR). Since January 4, 2007, the BOJ has consistently updated its website with “Foreign Exchange Rates” every business day, drawing from market participant data, ensuring a robust and informative resource, albeit subject to revisions and corrections.
Accessing Daily Yen to Euro Rates
For recent data, the BOJ offers a readily accessible “List of Foreign Exchange Rates (Daily)“. This list provides foreign exchange rates for the past seventy business days. If you are looking for the most recent movements of the yen in euro, this daily list is an excellent starting point to observe trends and daily changes.
Finding Historical Yen to Euro Data
For those requiring a longer historical perspective on the yen in euro exchange rate, the “BOJ Time-Series Data Search” tool is invaluable. This resource allows you to delve into extensive time-series data. While the BOJ Time-Series Data Search directly provides US Dollar/Yen (USD/JPY) and Euro/US Dollar (EUR/USD) spot rates at 9:00 and 17:00 JST (Japan Standard Time), crucially, it explains how to derive the yen in euro rate.
Calculating the Yen in Euro Exchange Rate
It’s important to note that the Euro/Yen (EUR/JPY) spot rates are not directly listed in the “BOJ Time-Series Data Search.” However, the BOJ clarifies that you can easily calculate the yen in euro exchange rate by using the available USD/JPY and EUR/USD spot rates.
To calculate the EUR/JPY rate, simply multiply the US Dollar/Yen spot rate by the Euro/US Dollar spot rate at the desired time (9:00 or 17:00 JST). This simple calculation provides you with the yen in euro exchange rate derived from the BOJ’s official data. For example:
If at 9:00 JST:
- USD/JPY rate is 150.00
- EUR/USD rate is 1.08
Then, the EUR/JPY rate is approximately 150.00 * 1.08 = 162.00
By performing this calculation for the 9:00 and 17:00 JST data points available in the BOJ Time-Series Data Search, you can track the yen in euro exchange rate over time.
Important Notices and Data Considerations
When utilizing BOJ data for yen in euro analysis, it is also essential to be aware of any potential revisions or corrections. The BOJ maintains a section for “Notices of Changes and Corrections,” ensuring transparency and data integrity.
Notices of Changes
For significant changes in the statistics, such as those announced on Feb. 24, 2010, regarding modifications in foreign exchange market statistics, refer to the “Notice of changes in the statistics of the foreign exchange market [PDF 15KB]“.
Notices of Corrections
The BOJ also provides detailed notices for data corrections. Recent corrections, such as those related to “Turnover of Spot (Euro/US Dollar)” and “Turnover of Swap (US Dollar/Yen),” are listed with specific dates and descriptions. For example, a correction to “Turnover of Spot (Euro/US Dollar)” was issued on Jan. 26, 2023, “Correction to Data on “Turnover of Spot (Euro/US Dollar)” “. Being mindful of these notices ensures you are working with the most accurate data when analyzing yen in euro rates or any other foreign exchange metrics from the BOJ.
By understanding how to access and calculate the yen in euro exchange rate using Bank of Japan data, and by staying informed about any data revisions, you can gain a deeper and more accurate understanding of this important currency pair.
Data Sources:
- Bank of Japan Foreign Exchange Rates: http://www.stat-search.boj.or.jp/ssi/cgi-bin/famecgi2?cgi=%24nme_a000_en&lstSelection=FM08
- List of Foreign Exchange Rates (Daily): /en/statistics/market/forex/fxdaily/fxlist/index.htm
