Britain's currency crisis has turned into a political one over government failure to stop the pound from going into free-fall.
The Japanese currency has appreciated against the U.S. dollar by more than 25% over the past year.
Investing abroad on your national currency basis will not always be profitable.
Japanese currency is widely used here.
You must convert dollars into the local currency.
That custom has little currency in Japan.
The dollar was devalued against the Japanese currency from 360 yen to 308 yen.
The authorities managed to stabilize the currency.
In 1971 the United Kingdom changed its currency to the decimal system.
The Japanese yen is a stable currency.
When a currency depreciates, that has an inflationary effect on the economy of the country of the currency.
The exchange rates for foreign currency change daily.
In a fight against speculators who are dumping the U.S. currency, central banks of major countries have carried out massive concerted interventions in the market.
In order to prevent a further drop of the Japanese currency, the Bank of Japan intervened in the market to support it at around 150 yen to the dollar.
The authorities are striving in vain to stabilize the currency.