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MGP to JPY Converter and calculator

MGP/JPY: 1 MGP = 5.69 JPY. The price of converting 1 Magpie (MGP) to Japanese Yen (JPY) is 5.69 JPY today.
MGP
MGP
JPY
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to JPY real-time exchange rates, making it easy to convert Magpie (MGP) to Japanese Yen (JPY). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 5.69 JPY. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 5.69 JPY, which means buying 5 MGP would cost 28.46 JPY. Similarly, ¥1 JPY can be converted to 0.1757 MGP, and ¥50 JPY can be converted to 0.8785 MGP, excluding any platform or gas fees.

Convert MGP to JPY

Convert JPY to MGP

Magpie
Japanese Yen
1 MGP
5.69  JPY
Exchange 1 MGP for 5.69 JPY
2 MGP
11.38  JPY
Exchange 2 MGP for 11.38 JPY
5 MGP
28.46  JPY
Exchange 5 MGP for 28.46 JPY
10 MGP
56.92  JPY
Exchange 10 MGP for 56.92 JPY
20 MGP
113.83  JPY
Exchange 20 MGP for 113.83 JPY
50 MGP
284.58  JPY
Exchange 50 MGP for 284.58 JPY
100 MGP
569.15  JPY
Exchange 100 MGP for 569.15 JPY
200 MGP
1,138.3  JPY
Exchange 200 MGP for 1,138.3 JPY
500 MGP
2,845.76  JPY
Exchange 500 MGP for 2,845.76 JPY
1000 MGP
5,691.52  JPY
Exchange 1000 MGP for 5,691.52 JPY
5000 MGP
28,457.58  JPY
Exchange 5000 MGP for 28,457.58 JPY
10000 MGP
56,915.16  JPY
Exchange 10000 MGP for 56,915.16 JPY
In the table above, you'll find a comprehensive MGP to JPY converter that shows the value of Magpie in Japanese Yen across commonly used conversion amounts. The list covers conversions from 1 MGP to JPY, all the way up to 10000 MGP, providing a clear view of their respective values.
Japanese Yen
Magpie
1 JPY
0.1757 MGP
Exchange 1 JPY for 0.1757 MGP
10 JPY
1.76 MGP
Exchange 10 JPY for 1.76 MGP
50 JPY
8.79 MGP
Exchange 50 JPY for 8.79 MGP
100 JPY
17.57 MGP
Exchange 100 JPY for 17.57 MGP
200 JPY
35.14 MGP
Exchange 200 JPY for 35.14 MGP
500 JPY
87.85 MGP
Exchange 500 JPY for 87.85 MGP
1000 JPY
175.7 MGP
Exchange 1000 JPY for 175.7 MGP
2000 JPY
351.4 MGP
Exchange 2000 JPY for 351.4 MGP
5000 JPY
878.5 MGP
Exchange 5000 JPY for 878.5 MGP
10000 JPY
1,757 MGP
Exchange 10000 JPY for 1,757 MGP
50000 JPY
8,785.01 MGP
Exchange 50000 JPY for 8,785.01 MGP
100000 JPY
17,570.01 MGP
Exchange 100000 JPY for 17,570.01 MGP
In the table above, you'll find a comprehensive JPY to MGP converter that shows the value of Japanese Yen in Magpie across commonly used conversion amounts. The list covers conversions from 1 JPY to MGP, all the way up to 100000 JPY, providing a clear view of their respective values.

MGP to JPY chart

MGP/JPY: 1 MGP = 5.69 JPY; 2025/08/03 15:56:48
In the past 1D, Magpie has changed +2.00% to JPY. Based on the trend and price charts, Magpie(MGP) has changed +2.00% to JPY while Japanese Yen(JPY) has changed % to MGP in the last 24 hours.
1D7D1M3M1YAll

MGP to JPY conversion data: Volatility and price changes of Magpie in JPY

The highest Magpie price in JPY over the past 7 days was 7.8 JPY while the lowest Magpie price in JPY over the past 7 days was 6.15 JPY. The relative change between the highs and lows in Magpie price in JPY over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP to JPY prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
7.18 JPY
7.8 JPY
9.31 JPY
10.93 JPY
Low
7 JPY
6.15 JPY
6.15 JPY
3.06 JPY
Average
0 JPY
0 JPY
0 JPY
0 JPY
Volatility
%
%
%
%
Change
+2.00%
-7.53%
-17.88%
+28.76%

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Magpie information

MGP to JPY market statistics

MGP/JPY:
¥5.69
MGP 24h volume:
¥3,404,494.76
MGP market cap:
¥2,730,251,280.84
MGP circulating supply:
479.71M MGP

Current MGP to JPY exchange rate

Magpie to Japanese Yen is falling this week.
Magpie's current market price is ¥5.69 per MGP, with a total market cap of ¥2,730,251,280.84 JPY based on a circulating supply of 479,705,540 MGP. The trading volume of Magpie has changed by +136.78% (¥1,966,682 JPY) in the last 24 hours. Last trading day, MGP's trading volume was ¥1,437,812.77.

More info about Magpie on Bitget

Japanese Yen information

About the Japanese Yen (JPY)

What Is the Japanese Yen (JPY)?

The Japanese Yen, abbreviated as JPY, is the national currency of Japan. The symbol for the Japanese Yen is "¥", which is used to denote the currency in international financial transactions. The yen's introduction in 1871 was a significant part of Japan's modernization policy under the Meiji government, aligning with the European Decimal Monetary System. The Japanese Yen is the sole legal tender in Japan, and it is used for all transactions within the country.

The Japanese Yen is issued by the Bank of Japan (BOJ), which is the central bank of Japan. Established in 1882, the Bank of Japan is responsible for issuing and managing the country's currency and monetary policy. It plays a crucial role in the Japanese financial system, including controlling the money supply, setting interest rates, and ensuring the stability of the Japanese financial system.

What Is the History of JPY?

The yen replaced a diverse range of currencies issued by feudal fiefs, known as Hansatsu, following the New Currency Act of 1871. This change was part of Japan's transition from a collection of feudal fiefs to a unified, modern state. The Bank of Japan, established in 1882, eventually took over the issuance of currency, marking a significant step in centralizing and stabilizing Japan's monetary system.

Notes and Coins of JPY

The Japanese Yen includes coins like the lightweight 1 Yen, the lucky 5 Yen with a hole, the 10 Yen featuring Byodo-in Temple, the 50 Yen, the commonly used 100 Yen with cherry blossoms, and the highest value 500 Yen coin. Banknotes comprise the 1,000 Yen with Hideyo Noguchi, the less common 2,000 Yen depicting a scene from "The Tale of Genji," the 5,000 Yen featuring writer Ichiyo Higuchi, and the highest 10,000 Yen note with Yukichi Fukuzawa. These currencies reflect Japan's culture, history, and natural beauty.

Current Status and Global Standing

As of 2024, the Japanese yen was recognized as one of the top-performing currencies, with projections indicating its potential to surpass the US dollar in terms of strength. JPY also holds the distinction of being the third most traded currency in the forex market, following the US dollar and the euro. It also serves as a commonly used reserve currency alongside the USD, euro, and pound sterling. Factors contributing to this include liquidity from Japan's central bank, government spending, and global demand for Japanese exports. The yen's appreciation is often attributed to the strengthening of the US dollar and the growth of the Japanese economy.

Bank of Japan's Monetary Policy

The Bank of Japan maintains a near-zero interest rate policy, historically aligning with Japan's strict anti-inflation stance. Post the 2008 Global Financial Crisis, Japan faced a period of deflation. In response, in 2013, the Bank of Japan announced an expansion of its Asset Acquisition Policy by $1.4 trillion over two years, aiming to shift from deflation to a target inflation rate of 2%. This policy intended to double the money supply, reflecting a significant shift in Japan's monetary approach.

What Is Digital Yen?

The Digital Yen, or DCJPY, is a Japanese yen-backed digital currency set to launch in July 2024. Developed by DeCurret Holdings, the DCJPY ecosystem will feature two distinct blockchain networks: the "Business Zone'' for issuing user assets, including digital assets and non-fungible tokens (NFTs), and the "Financial Zone" for banks to mint deposits as digital assets. This initiative aligns with the vision of Hiromi Yamaoka, chairperson of the Digital Currency Forum, who believes that digital currencies will play a central role in the future economic development and welfare by enhancing the functions of information and data processing. The DCJPY is designed to coexist with a central bank digital currency (CBDC), marking a significant step in Japan's embrace of digital financial technology.

Bitget crypto-to-fiat exchange data shows that the most popular Magpie currency pair is the MGP to JPY, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JPY.

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MGP to JPY Conversion tables

The exchange rate of Magpie is decreasing.
The exchange rate of 1 MGP to Japanese Yen has changed by -7.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.00%, reaching a high of 7.18 JPY and a low of 7 JPY . One month ago, the value of 1 MGP was ¥7.25 JPY , which represents a -17.88% change from its current value. Over the last year, Magpie has changed by
-¥
6.76JPY
, resulting in a change of -48.59% in its value.
24 hours ago1 month ago1 year ago
Amount 15:56 today 24 hours ago 24h change
0.5 MGP
¥2.85¥2.78
+2.00%
1 MGP
¥5.69¥5.55
+2.00%
5 MGP
¥28.46¥27.76
+2.00%
10 MGP
¥56.92¥55.51
+2.00%
50 MGP
¥284.58¥277.57
+2.00%
100 MGP
¥569.15¥555.13
+2.00%
500 MGP
¥2,845.76¥2,775.66
+2.00%
1000 MGP
¥5,691.52¥5,551.32
+2.00%

MGP to JPY FAQ

How much is 1 Magpie in JPY?
Right now, the price of 1 Magpie (MGP) in Japanese Yen (JPY) is ¥5.69.
How much MGP can I buy for 1 JPY?
Based on the current exchange rate, you can get 0.1757 MGP for 1 JPY.
How do I calculate or convert MGP to JPY?
You can use our MGP to JPY calculator at the top of this page to convert any amount of MGP to JPY. We've also included quick-reference tables for the most popular conversions. For example, 5 JPY is equivalent to 0.8785 MGP, while 5 MGP will cost around 28.46JPY.
What is the highest price of MGP/JPY in history?
The all-time high price of 1 MGP in JPY is ¥31.11. It remains to be seen if the value of 1 MGP/JPY will exceed the current all-time high.
What is the price trend of Magpie in JPY?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone down by 7.53%.   Over the last month, the exchange rate of Magpie (MGP) has gone down by 17.88% against Japanese Yen (JPY).

What factors influence the conversion rate of MGP to JPY?

There are many factors that affect the relationship between Magpie and Japanese Yen, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MGP/JPY. When there is positive news in the market about the widespread adoption of MGP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MGP/JPY. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MGP/JPY.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MGP/JPY. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magpie and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Magpie currency pairs: MGP to US Dollar (USD), MGP to Euro (EUR), MGP to Pound Sterling (GBP), MGP to Canadian Dollar (CAD), MGP to Indian Rupee (INR), MGP to Pakistani Rupee (PKR), MGP to Brazilian Real (BRL), MGP to…
The price of Magpie in the US is $0.03862 USD. Additionally, Magpie’s price is €0.03332 EUR in the eurozone, £0.02907 GBP in the UK, C$0.05329 CAD in Canada, ₹3.37 INR in India, ₨10.79 PKR in Pakistan, R$0.2140 BRL in Brazil, and more.
The most popular Magpie currency pair is the MGP to Japanese Yen(JPY). The price of 1 Magpie (MGP) in Japanese Yen (JPY) is ¥5.69.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.