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What was the exchange rate of 1 billion yen to USD in 1988?

avatarCary Fant IVDec 16, 2021 · 3 years ago3 answers

I'm curious about the exchange rate between the Japanese yen and the US dollar in 1988. Specifically, I want to know what the exchange rate was for 1 billion yen to USD during that year. Can you provide any information on this?

What was the exchange rate of 1 billion yen to USD in 1988?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    In 1988, the exchange rate for 1 billion yen to USD was approximately 9.5 million dollars. This means that if you had 1 billion yen, you could exchange it for around 9.5 million US dollars. It's important to note that exchange rates fluctuate over time, so this rate is specific to 1988 and may not be applicable to other years.
  • avatarDec 16, 2021 · 3 years ago
    Back in 1988, the exchange rate for 1 billion yen to USD was about 9.5 million dollars. That's a lot of money! Just imagine what you could do with all those dollars. It's interesting to see how exchange rates change over time and how they can affect the value of different currencies.
  • avatarDec 16, 2021 · 3 years ago
    According to historical data, the exchange rate for 1 billion yen to USD in 1988 was approximately 9.5 million dollars. This means that if you had 1 billion yen back then, you could have exchanged it for around 9.5 million US dollars. It's fascinating to think about how exchange rates have evolved since then and how they continue to impact global trade and finance.