XAG/JPY: what to know
The XAG/JPY rate shows how much JPY you get for 1 XAG. Right now, 1 XAG buys 9,182.49 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000109 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while JPY responds to Bank of Japan policy and global risk appetite.
“XAG” uses silver’s Latin symbol Ag (argentum). The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the XAG/JPY rate has ranged between 5,477.32 and 17,746.50 — a change of +57.60% versus a year ago.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.