108790 Yen to USD: Exchange Rates and Conversion Calculator

Understanding Currency Conversions

Exchange rates fluctuate constantly, influenced by various economic factors such as interest rates, inflation, and political events. Understanding the conversion process and using accurate exchange rates is crucial for businesses and individuals making international transactions.

Currency Converter and Exchange Rates

A currency converter is an online tool that provides real-time exchange rates between different currencies. You can use a currency converter to determine the current value of 108790 yen in USD. As of this article's publication, the exchange rate is approximately:

108790 yen = 993.75 USD

Factors Affecting Exchange Rates

The following factors play a significant role in determining exchange rates:

• Interest rates: Countries with higher interest rates tend to attract foreign investment, leading to increased demand for their currency and a stronger exchange rate.
• Inflation: Inflation erodes the purchasing power of a currency, making it less valuable relative to other currencies with lower inflation rates.
• Political stability: Political turmoil or economic uncertainty can lead to investors fleeing a country, resulting in a weaker exchange rate.
• Global economic growth: A strong global economy tends to drive up demand for currencies of countries with export-oriented economies.

Strategies for Currency Conversion

• Use a currency converter: Always check reliable currency converters for the most up-to-date exchange rates.
• Negotiate exchange rates: If you are making a large transaction, consider negotiating a better exchange rate with your bank or exchange provider.
• Use a credit card with low foreign transaction fees: Credit cards with low or no foreign transaction fees can save you money on currency conversions.
• Consider a currency exchange broker: Currency exchange brokers often offer competitive rates for large currency exchange transactions.

Applications of Currency Conversion

Currency conversion has numerous applications in international business and finance:

• International trade: Businesses importing or exporting goods need to convert currencies to facilitate transactions.
• Foreign investment: Investors need to convert currencies to invest in foreign markets.
• Tourism: Tourists need to convert their home currency to the local currency when traveling abroad.
• Remittances: Individuals sending money to their home countries from abroad need to convert currencies.

Conclusion

Understanding currency conversion and exchange rates is essential for making informed financial decisions. By using currency converters, staying informed about economic factors, and considering different strategies, you can optimize your currency exchange transactions and mitigate potential risks.