1 Million Yen to USD in 1990: How Much is it Worth Today?
Introduction
In the 1990s, Japan's economy was booming, and the yen was a strong currency. One million yen was a significant amount of money, equivalent to a small fortune. But how much is 1 million yen worth in USD today?
The Exchange Rate in 1990
In 1990, the exchange rate between the Japanese yen (JPY) and the United States dollar (USD) was around 1 USD = 145 JPY. This means that 1 million yen was equivalent to approximately:
$6,897 USD
Adjusted for Inflation
However, due to inflation, the purchasing power of 1 million yen in 1990 is different from its value today. According to the US Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator, $6,897 in 1990 is equivalent to approximately:
$13,341 USD in 2023
What Can You Buy with 1 Million Yen Today?
With an exchange rate of around 1 USD = 110 JPY, 1 million yen is equivalent to approximately:
$9,091 USD
With this amount, you could buy:
- A decent used car
- A high-end smartphone and a laptop
- A round-trip business class ticket from Tokyo to New York
- A small house or apartment in some parts of Japan
Conclusion
In conclusion, 1 million yen in 1990 is equivalent to around $13,341 USD in 2023, due to inflation. In today's exchange rate, 1 million yen is worth approximately $9,091 USD, which can buy you a range of goods and services.
