How did the yen to dollar exchange rate change in 2017?

3 answers

• SNADEJun 13, 2021 · 4 years ago
  In 2017, the yen to dollar exchange rate experienced several fluctuations. At the beginning of the year, the yen was relatively strong against the dollar due to uncertainties surrounding the US economy. However, as the year progressed, the dollar gained strength due to positive economic indicators and the anticipation of interest rate hikes by the Federal Reserve. Additionally, geopolitical events such as North Korea's missile tests and the US presidential election also influenced the exchange rate. Overall, the exchange rate between the yen and the dollar in 2017 was influenced by a combination of economic factors and geopolitical events.
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• AKSHAY M KOct 24, 2020 · 5 years ago
  The yen to dollar exchange rate in 2017 was quite volatile. It started the year at around 117 yen per dollar and reached a low of 108 yen per dollar in September. The fluctuations were mainly driven by changes in monetary policy, economic data releases, and market sentiment. The Bank of Japan's monetary easing measures and the Federal Reserve's interest rate hikes played a significant role in shaping the exchange rate. Additionally, economic indicators such as GDP growth, inflation rates, and trade balances also impacted the exchange rate. It's important to note that exchange rates are influenced by a wide range of factors and can be difficult to predict with certainty.
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• Md Tanvirul IslamNov 25, 2021 · 4 years ago
  As an expert in the field, I can provide you with a comprehensive analysis of the yen to dollar exchange rate in 2017. Throughout the year, the exchange rate experienced significant fluctuations due to various factors. The initial strength of the yen was driven by safe-haven demand and concerns over the stability of the US economy. However, as the year progressed, the dollar gained strength due to positive economic indicators and the implementation of pro-growth policies by the Trump administration. Additionally, geopolitical events such as tensions with North Korea and the French presidential election also impacted the exchange rate. Overall, the exchange rate between the yen and the dollar in 2017 was influenced by a combination of economic factors, market sentiment, and geopolitical events.
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