Quote:
Originally Posted by Sangetsu
The record low was 75 yen to the dollar, which is a bit lower than today's rate. When I add the typical transaction fee to one of my regular bank transfers I end up with 79 yen per dollar.
The exchange rate should stabilize a bit after the elections in November, the world markets are betting that the Obama administration will have to change it's economic policies if their party loses it's majority in Congress next month. Markets are already moving up in anticipation.
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Where is your source for that info? Wikipedia puts the record at 83.53 in April of 1995.
Japanese yen - Wikipedia, the free encyclopedia
oh I guess that is the monthly average.. but still it says the lowest was just under 80 yen.. not 75.