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THE to JPY Converter and calculator

THE/JPY: 1 THE = 0.01693 JPY. The price of converting 1 The Protocol (THE) to Japanese Yen (JPY) is 0.01693 JPY today.
THE
THE
JPY
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides THE to JPY real-time exchange rates, making it easy to convert The Protocol (THE) to Japanese Yen (JPY). The conversion result is based on real-time data. The conversion result shows that 1 THE is currently valued at 0.02 JPY. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 THE is currently valued at 0.02 JPY, which means buying 5 THE would cost 0.08 JPY. Similarly, ¥1 JPY can be converted to 59.06 THE, and ¥50 JPY can be converted to 295.32 THE, excluding any platform or gas fees.

Convert THE to JPY

Convert JPY to THE

The Protocol
Japanese Yen
10000 THE
169.31  JPY
In the table above, you'll find a comprehensive THE to JPY converter that shows the value of The Protocol in Japanese Yen across commonly used conversion amounts. The list covers conversions from 1 THE to JPY, all the way up to 10000 THE, providing a clear view of their respective values.
Japanese Yen
The Protocol
2000 JPY
118,128.89 THE
5000 JPY
295,322.23 THE
10000 JPY
590,644.47 THE
50000 JPY
2,953,222.35 THE
100000 JPY
5,906,444.69 THE
In the table above, you'll find a comprehensive JPY to THE converter that shows the value of Japanese Yen in The Protocol across commonly used conversion amounts. The list covers conversions from 1 JPY to THE, all the way up to 100000 JPY, providing a clear view of their respective values.

THE to JPY chart

THE/JPY: 1 THE = 0.01693 JPY; 2025/04/27 06:56:53
In the past 1D, The Protocol has changed +5.10% to JPY. Based on the trend and price charts, The Protocol(THE) has changed +5.10% to JPY while Japanese Yen(JPY) has changed % to THE in the last 24 hours.
1D7D1M3M1YAll

THE to JPY conversion data: Volatility and price changes of The Protocol in JPY

The highest The Protocol price in JPY over the past 7 days was 0.01695 JPY while the lowest The Protocol price in JPY over the past 7 days was 0.01430 JPY. The relative change between the highs and lows in The Protocol price in JPY over the last 7 days indicates a volatility of %. You can view additional volatility data and THE to JPY prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.01695 JPY
0.01695 JPY
0.02816 JPY
0.04876 JPY
Low
0.01588 JPY
0.01430 JPY
0.01430 JPY
0.01028 JPY
Average
0 JPY
0 JPY
0 JPY
0 JPY
Volatility
%
%
%
%
Change
+5.10%
+14.03%
-26.91%
-47.55%

The Protocol information

THE to JPY market statistics

THE/JPY:
¥0.01693
THE 24h volume:
¥2,362,539.12
THE market cap:
--
THE circulating supply:
0 THE

Current THE to JPY exchange rate

The Protocol to Japanese Yen is rising this week.
The Protocol's current market price is ¥0.01693 per THE, with a total market cap of ¥0 JPY based on a circulating supply of -- THE. The trading volume of The Protocol has changed by -0.56% (¥-13,187.66 JPY) in the last 24 hours. Last trading day, THE's trading volume was ¥2,375,726.78.

More info about The Protocol on Bitget

Japanese Yen information

About the Japanese Yen (JPY)

What Is the Japanese Yen (JPY)?

The Japanese Yen, abbreviated as JPY, is the national currency of Japan. The symbol for the Japanese Yen is "¥", which is used to denote the currency in international financial transactions. The yen's introduction in 1871 was a significant part of Japan's modernization policy under the Meiji government, aligning with the European Decimal Monetary System. The Japanese Yen is the sole legal tender in Japan, and it is used for all transactions within the country.

The Japanese Yen is issued by the Bank of Japan (BOJ), which is the central bank of Japan. Established in 1882, the Bank of Japan is responsible for issuing and managing the country's currency and monetary policy. It plays a crucial role in the Japanese financial system, including controlling the money supply, setting interest rates, and ensuring the stability of the Japanese financial system.

What Is the History of JPY?

The yen replaced a diverse range of currencies issued by feudal fiefs, known as Hansatsu, following the New Currency Act of 1871. This change was part of Japan's transition from a collection of feudal fiefs to a unified, modern state. The Bank of Japan, established in 1882, eventually took over the issuance of currency, marking a significant step in centralizing and stabilizing Japan's monetary system.

Notes and Coins of JPY

The Japanese Yen includes coins like the lightweight 1 Yen, the lucky 5 Yen with a hole, the 10 Yen featuring Byodo-in Temple, the 50 Yen, the commonly used 100 Yen with cherry blossoms, and the highest value 500 Yen coin. Banknotes comprise the 1,000 Yen with Hideyo Noguchi, the less common 2,000 Yen depicting a scene from "The Tale of Genji," the 5,000 Yen featuring writer Ichiyo Higuchi, and the highest 10,000 Yen note with Yukichi Fukuzawa. These currencies reflect Japan's culture, history, and natural beauty.

Current Status and Global Standing

As of 2024, the Japanese yen was recognized as one of the top-performing currencies, with projections indicating its potential to surpass the US dollar in terms of strength. JPY also holds the distinction of being the third most traded currency in the forex market, following the US dollar and the euro. It also serves as a commonly used reserve currency alongside the USD, euro, and pound sterling. Factors contributing to this include liquidity from Japan's central bank, government spending, and global demand for Japanese exports. The yen's appreciation is often attributed to the strengthening of the US dollar and the growth of the Japanese economy.

Bank of Japan's Monetary Policy

The Bank of Japan maintains a near-zero interest rate policy, historically aligning with Japan's strict anti-inflation stance. Post the 2008 Global Financial Crisis, Japan faced a period of deflation. In response, in 2013, the Bank of Japan announced an expansion of its Asset Acquisition Policy by $1.4 trillion over two years, aiming to shift from deflation to a target inflation rate of 2%. This policy intended to double the money supply, reflecting a significant shift in Japan's monetary approach.

What Is Digital Yen?

The Digital Yen, or DCJPY, is a Japanese yen-backed digital currency set to launch in July 2024. Developed by DeCurret Holdings, the DCJPY ecosystem will feature two distinct blockchain networks: the "Business Zone'' for issuing user assets, including digital assets and non-fungible tokens (NFTs), and the "Financial Zone" for banks to mint deposits as digital assets. This initiative aligns with the vision of Hiromi Yamaoka, chairperson of the Digital Currency Forum, who believes that digital currencies will play a central role in the future economic development and welfare by enhancing the functions of information and data processing. The DCJPY is designed to coexist with a central bank digital currency (CBDC), marking a significant step in Japan's embrace of digital financial technology.

Bitget crypto-to-fiat exchange data shows that the most popular The Protocol currency pair is the THE to JPY, with for The Protocol's currency code being THE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JPY.

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How to convert THE to JPY

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Bitget P2P trading does not currently support direct buying of THE with JPY. However, you can buy USDT in Bitget P2P trading first, and then buy THE with USDT via Bitget spot market.
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THE to JPY Conversion tables

The exchange rate of The Protocol is decreasing.
The exchange rate of 1 THE to Japanese Yen has changed by +14.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.10%, reaching a high of 0.01695 JPY and a low of 0.01588 JPY . One month ago, the value of 1 THE was ¥0.02316 JPY , which represents a -26.91% change from its current value. Over the last year, The Protocol has changed by
-¥
0.03288JPY
, resulting in a change of -66.01% in its value.
24 hours ago1 month ago1 year ago
Amount06:56 am today24 hours ago24h change
0.5 THE¥0.008465¥0.008055
+5.10%
1 THE¥0.01693¥0.01611
+5.10%
5 THE¥0.08465¥0.08055
+5.10%
10 THE¥0.1693¥0.1611
+5.10%
50 THE¥0.8465¥0.8055
+5.10%
100 THE¥1.69¥1.61
+5.10%
500 THE¥8.47¥8.05
+5.10%
1000 THE¥16.93¥16.11
+5.10%

THE to JPY FAQ

How much is 1 The Protocol in JPY?
Right now, the price of 1 The Protocol (THE) in Japanese Yen (JPY) is ¥0.01693.
How much THE can I buy for 1 JPY?
Based on the current exchange rate, you can get 59.06 THE for 1 JPY.
How do I calculate or convert THE to JPY?
You can use our THE to JPY calculator at the top of this page to convert any amount of THE to JPY. We've also included quick-reference tables for the most popular conversions. For example, 5 JPY is equivalent to 295.32 THE, while 5 THE will cost around 0.08465JPY.
What is the highest price of THE/JPY in history?
The all-time high price of 1 THE in JPY is ¥6.78. It remains to be seen if the value of 1 THE/JPY will exceed the current all-time high.
What is the price trend of The Protocol in JPY?
Over the past 7 days, the exchange rate of The Protocol (THE) has gone up by 14.03%.   Over the last month, the exchange rate of The Protocol (THE) has gone down by 26.91% against Japanese Yen (JPY).

What factors influence the conversion rate of THE to JPY?

There are many factors that affect the relationship between The Protocol and Japanese Yen, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of THE/JPY. When there is positive news in the market about the widespread adoption of THE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of THE/JPY. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in THE/JPY.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of THE/JPY. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of The Protocol and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.