XPT/JPY: what to know
The XPT/JPY rate shows how much JPY you get for 1 XPT. Right now, 1 XPT buys 282,709.36 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000004 XPT.
In the short term XPT is driven mainly by industrial (auto) demand and supply, while JPY responds to Bank of Japan policy and global risk appetite.
Platinum is rarer than gold and vital for catalytic converters. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the XPT/JPY rate has ranged between 200,664.83 and 439,868.84 — a change of +38.74% 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.