$1 million is equal to approximately 136,974,000 Japanese yen as of November 10, 2023. This conversion is based on the current exchange rate between the US dollar and the Japanese yen.
The exchange rate is constantly fluctuating, so the exact amount of yen you receive for $1 million will change depending on when you make the exchange. You can use an online currency converter to get the latest exchange rate and calculate the equivalent amount in yen.
Here are some factors that can affect the exchange rate between the US dollar and the Japanese yen:
- Economic conditions: The strength of both the US and Japanese economies can impact the value of their currencies.
- Interest rates: Changes in interest rates in either country can affect the attractiveness of their currencies to investors.
- Government policies: Policies implemented by the US and Japanese governments, such as trade agreements or monetary policy decisions, can also influence the exchange rate.
- Market sentiment: Investor sentiment towards the US dollar and the Japanese yen can affect the demand for these currencies.
It's important to note that the exchange rate can change significantly even within a short period of time, so it's always best to check the current rate before making any currency exchange.
