Historical Year Data · 2008

Japan Real Effective Exchange Rate in 2008

Japan Real Effective Exchange Rate opened 2008 at 109.13 and closed at 137.01, a +25.55% move for the year. The high of 137.01 was reached on December 1, and the low of 105.42 on July 1.

Open

109.13

2008-01

137.01

12 data points

High

137.01

Dec 1

Low

105.42

Jul 1

Full Year Change

+25.55%

2007 Change

-1.87%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	109.13	109.13	109.13	109.13	+0.00%
Feb	107.79	107.79	107.79	107.79	+0.00%
Mar	113.16	113.16	113.16	113.16	+0.00%
Apr	109.93	109.93	109.93	109.93	+0.00%
May	109.19	109.19	109.19	109.19	+0.00%
Jun	106.31	106.31	106.31	106.31	+0.00%
Jul	105.42	105.42	105.42	105.42	+0.00%
Aug	105.53	105.53	105.53	105.53	+0.00%
Sep	110.52	110.52	110.52	110.52	+0.00%
Oct	122.98	122.98	122.98	122.98	+0.00%
Nov	129.92	129.92	129.92	129.92	+0.00%
Dec	137.01	137.01	137.01	137.01	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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