AUDJPY Live Chart, Exchange Rate & Analysis | Trade AUDJPY

Interesting facts about the AUDJPY (Australian Dollar to Japanese Yen)

The Australian currency went through various vital points. The first decimal banknotes of the Australian dollar after the pre-decimal Australian pound were issued in February 1966. In the days of the Australian pound, each pound was divided into 20 shillings, while each shilling had 12 pennies.

The Australian dollar banknotes became the first printed in polymer substrate instead of paper. It happened in 1988 when the Reserve Bank of Australia (RBA) issued a new 10-dollar banknote. The change in issue took place as the central bank wanted to avoid counterfeit notes, which were becoming an issue at that time.

The Japanese yen or JPY is considered a safe-haven currency. Thus, no matter what currency the JPY is paired with, its price is stable. The yen means a "round object" or "circle." If you look at Japanese coins, you will notice they have a perfectly round shape. The Japanese yen was introduced in 1871 to stabilize the country's monetary system. The yen followed the mon, a copper-based coin used in Japan from the middle of the 12th century to 1870.

The Japanese yen depreciated compared to the USD and CAD after silver lost its value in 1873. In 1897, when the yen cost 50 cents, the country introduced the gold standard. In 1953, the sen and rin coins disappeared. Since 2009, 1, 5, 10, 50, 100, and 500 yen coins have been in circulation.

Australia isn't the one country that fights against money counterfeit. JPY banknotes have watermarks, holograms, and intaglio ink that serve as anti-counterfeit measures. The Australian dollar isn't as stable as the Japanese yen. Still, the AUD/JPY rate isn't highly volatile. As both the Australian dollar and Japanese yen are the most liquid during the Asian session, the best time to trade AUD to JPY is 00:00 - 09:00 (GMT+3, indicated in LiteFinance trading platform).