Will the Yen Maintain Its Gains This Week?

Việt NamViệt Nam23/09/2024


Domestic Yen exchange rate today 9/23/2024

Today's Japanese Yen exchange rate surveyed on the morning of September 23, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 165.11 VND/JPY and the selling rate is 174.72 VND/JPY.

At Vietinbank, the Yen exchange rate is equivalent to 167.04 VND/JPY and 176.74 VND/JPY.

At BIDV bank, the Japanese Yen exchange rate for buying and selling reached 167.48 VND/JPY and 174.97 VND/JPY, respectively.

At Agribank, the Japanese Yen buying and selling rates are 168.14 VND/JPY and 176.56 VND/JPY, respectively.

At Eximbank, the buying and selling rates are 168.14 VND/JPY and 174.36 VND/JPY, respectively.

At Techcombank, the buying and selling rates of Japanese Yen are 164.31 VND/JPY and 174.69 VND/JPY, respectively.

At Sacombank, the Japanese Yen buying and selling rates are 167.98 VND/JPY and 174.99 VND/JPY respectively.

At NCB bank, the Japanese Yen exchange rate is 167 VND/JPY for buying and 175.27 VND/JPY for selling.

At HSBC bank, the buying and selling rates of Japanese Yen are 168.52 VND/JPY and 175.95 VND/JPY, respectively.

According to a survey by the Industry and Trade Newspaper, today's Japanese Yen exchange rate at HSBC is the bank with the highest Japanese Yen buying rate and Eximbank is the bank with the lowest selling rate among banks .

At 6:00 a.m. on September 23 , 2024 , the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates

Day

September 23 , 2024

Change from previous session

Bank

Buy

Sell

Buy

Sell

Vietcombank

165.11

174.72

VietinBank

167.04

176.74

BIDV

167.48

174.97

Agribank

168.14

176.56

Eximbank

168.19

174.36

Sacombank

167.98

174.99

Techcombank

164.31

174.69

NCB

167

175.27

HSBC

168.52

175.95

Black market rate (VND/JPY)

172.26

173.46

1. VCB – Updated: 09/23/2024 08:57 – Time of the source website
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,318.77 16,483.61 17,013.30
CANADIAN DOLLAR CAD 17,670.57 17,849.06 18,422.63
SWISS FRANC CHF 28,160.78 28,445.24 29,359.31
YUAN RENMINBI CNY 3,415.85 3,450.36 3,561.77
DANISH KRONE DKK 3,611.00 3,749.47
EURO EUR 26,736.33 27,006.40 28,203.78
Sterling Pound GBP 31,890.01 32,212.13 33,247.25
HONGKONG DOLLAR HKD 3,075.96 3,107.03 3,206.88
INDIAN RUPEE INR 293.79 305.56
YEN JPY 164.66 166.32 174.25
KOREAN WON KRW 15.94 17.71 19.22
KUWAITIAN DINAR KWD 80,396.58 83,615.05
MALAYSIAN RINGGIT MYR 5,798.98 5,925.77
NORWEGIAN KRONER NOK 2,299.09 2,396.82
RUSSIAN RUBLE RUB 253.40 280.53
SAUDI RIAL SAR 6,535.09 6,796.70
SWEDISH KRONA SEK 2,369.07 2,469.78
SINGAPORE DOLLAR SGD 18,565.87 18,753.41 19,356.04
THAILAND THB 659.24 732.49 760.58
US DOLLAR USD 24,390.00 24,420.00 24,760.00

On the "black market", the black market Japanese Yen exchange rate as of September 23, 2024 this morning is as follows:

Tỷ giá Yen Nhật hôm nay 23/9/2024: Đồng Yen có duy trì đà tăng trong tuần này?

So what is the black market Yen rate today ?

Today, September 23, 2024, surveying the black market, the Japanese Yen/VND exchange rate was traded at 172.26 VND/JPY for buying and 173.46 VND/JPY for selling.

In Hanoi, the largest currency exchange street in Hanoi that helps you exchange many types of foreign currencies is Ha Trung currency exchange street. At Ha Trung currency exchange street, you can exchange popular foreign currencies on the market today such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), ... and many other currencies. Therefore, the Ha Trung Japanese Yen exchange rate is also a keyword that readers are interested in and Quoc Trinh Ha Trung store is an address that is advertised a lot on social networks. However, when exchanging money at these foreign currency streets, you need to comply with the regulations of Vietnamese law.

Tỷ giá Yen Nhật hôm nay 23/9/2024: Đồng Yen có duy trì đà tăng trong tuần này?

Will the Yen Maintain Its Gains This Week?

Yen exchange rate trend forecast

The Bank of Japan (BOJ) on Friday (September 20) decided to keep interest rates unchanged and raise its consumption forecast, a signal of optimism among monetary policy makers that the economic recovery is holding firm and will allow for a rate hike in the coming months.

Accordingly, the Japanese yen is recovering more than the USD after the BOJ's announcement was made.

Previously, the BOJ decided to raise interest rates in August 2000, then in July 2006 and February 2007. All three times ended when the Fed began cutting interest rates to respond to the “dot-com bubble” and real estate crises.

The yen has bounced back from a steep decline this year, easing pressure on the country to raise interest rates. But the Bank of Japan is ready to change policy if the stock market stabilizes after a sharp correction in August, and if economic and inflation indicators continue to develop as expected.

In addition, the BOJ believes that the US economy is gradually stabilizing without falling into recession. Mr. Kazuo Momma - chief economist at Mizuho Research & Technologies commented: " If so, the pressure to buy the yen will decrease and the BOJ can raise interest rates ."

Although the yen rose sharply after the Fed cut on Wednesday, the sell-off quickly resumed, with the Nikkei closing above 37,000 on Thursday. The yen is now weaker than it has been since the Fed eased policy in the past.

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop – No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts – No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Store – No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company – No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store – No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones – No. 19 Tran Nhan Tong, Bui Thi Xuan, Hanoi

7. Chinh Quang Store – No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store – No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store – No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange – 22 Nguyen Thai Binh, District 1, Ho Chi Minh City

2. Kim Mai Gold Shop – 84 Cong Quynh, District 1, Ho Chi Minh City

3. Kim Chau Gold Shop – 784 Dien Bien Phu, Ward 10, District 10, Ho Chi Minh City

4. Saigon Jewelry Center – 40-42 Phan Boi Chau, District 1, Ho Chi Minh City

5. Kim Hung foreign currency exchange agency – No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop – No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop – No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop – No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, Ho Chi Minh City

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-yen-nhat-hom-nay-2392024-dong-yen-co-duy-tri-da-tang-trong-tuan-nay-347608.html


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