Will the Japanese Yen maintain its upward momentum this week?

Việt NamViệt Nam11/11/2024


Domestic Yen exchange rate today 11/11/2024

Today's Japanese Yen exchange rate surveyed on the morning of November 11, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 159.65 VND/JPY and the selling rate is 168.93 VND/JPY.

At Vietinbank, the Yen exchange rate is equivalent to 161.39 VND/JPY and 171.09 VND/JPY.

At BIDV bank, the Japanese Yen buying and selling rates reached 162.43 VND/JPY and 169.65 VND/JPY, respectively.

At Agribank, the Japanese Yen buying and selling rates are 161.79 VND/JPY and 169.40 VND/JPY, respectively.

At Eximbank, the buying and selling rates are 162.89 VND/JPY and 168.50 VND/JPY, respectively.

At Techcombank, the buying and selling rates of Japanese Yen are 159.27 VND/JPY and 169.61 VND/JPY, respectively.

At Sacombank, the buying and selling rates of Japanese Yen are 162.93 VND/JPY and 169.94 VND/JPY, respectively.

At NCB bank, the Japanese Yen exchange rate is 161.56 VND/JPY for buying and 169.84 VND/JPY for selling.

At HSBC bank, the buying and selling rates of Japanese Yen are 161.39 VND/JPY and 168.50 VND/JPY, respectively.

According to a survey by Cong Thuong Newspaper, today's Japanese Yen exchange rate at Sacombank is the bank with the highest Japanese Yen buying rate and Eximbank and HSBC are the two banks with the lowest selling rates among the banks .

At 6:00 a.m. on November 11 , 2024 , the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates

Day

November 11 , 2024

Change from previous session

Bank

Buy

Sell

Buy

Sell

Vietcombank

159.65

168.93

VietinBank

161.39

171.09

BIDV

162.43

169.65

Agribank

161.79

169.40

Eximbank

162.89

168.50

Sacombank

162.93

169.94

Techcombank

159.27

169.61

NCB

161.56

169.84

HSBC

161.39

168.50

Black market rate (VND/JPY)

167.38

168.58

1. VCB – Updated: 11/11/2024 05:57 – Time of the source website
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,386.96 16,552.48 17,083.62
CANADIAN DOLLAR CAD 17,748.68 17,927.96 18,503.23
SWISS FRANC CHF 28,233.20 28,518.39 29,433.48
YUAN RENMINBI CNY 3,445.62 3,480.43 3,592.11
DANISH KRONE DKK 3,588.51 3,725.96
EURO EUR 26,564.12 26,832.44 28,020.85
Sterling Pound GBP 31,960.73 32,283.56 33,319.48
HONGKONG DOLLAR HKD 3,171.21 3,203.24 3,306.03
INDIAN RUPEE INR 298.91 310.86
YEN JPY 159.65 161.26 168.93
KOREAN WON KRW 15.77 17.52 19.01
KUWAITIAN DINAR KWD 82,255.58 85,544.62
MALAYSIAN RINGGIT MYR 5,708.37 5,832.91
NORWEGIAN KRONER NOK 2,273.02 2,369.54
RUSSIAN RUBLE RUB 245.70 272.00
SAUDI RIAL SAR 6,714.29 6,982.77
SWEDISH KRONA SEK 2,311.29 2,409.44
SINGAPORE DOLLAR SGD 18,644.17 18,832.49 19,436.79
THAILAND THB 654.77 727.53 755.39
US DOLLAR USD 25,100.00 25,130.00 25,470.00

On the "black market", the black market Japanese Yen exchange rate as of November 11 , 2024 this morning is as follows:

Tỷ giá Yen Nhật hôm nay 11/11/2024: Đồng Yen Nhật có duy trì đà tăng trong tuần này?

So what is the black market Yen rate today ?

Today, November 11, 2024, surveying the black market, the Japanese Yen/VND exchange rate was traded at 167.38 VND/JPY for buying and 168.58 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 11/11/2024: Đồng Yen Nhật có duy trì đà tăng trong tuần này?
Which way is the Japanese Yen headed this week?

Yen exchange rate trend forecast

On the morning of November 8, the Japanese Government and the Bank of Japan intervened in the currency market for two consecutive days, July 11 and 12, by selling USD and buying Yen, with a total value of more than 5.53 billion Yen (equivalent to about 36.8 billion USD).

According to the report of the Japanese Ministry of Finance, both of these interventions were in the form of “secret interventions”, in which the total amount of intervention on July 11 was nearly 3.17 billion Yen, on July 12 was nearly 2.37 billion Yen. The total of both interventions was more than 5.53 billion Yen (equivalent to about 36.8 billion USD).

Japan’s successive interventions in the currency market came shortly after the Yen fell against the USD to its lowest level in 38 years. Earlier in late May, the Japanese Government also confirmed its first intervention worth a total of about 19.3 billion USD – the first currency intervention of this country since October 2022.

According to analysts, Tokyo still has plenty of room to intervene in the currency market, especially if the Yen continues to depreciate further, as the country's foreign exchange reserves reached 1.23 trillion USD as of the end of June.

The sharp depreciation of the Yen could also pose a significant challenge to Prime Minister Ishiba Shigeru's administration, especially in the context of the ruling coalition's defeat in Japan's 50th general election held at the end of October.

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-11112024-dong-yen-nhat-co-duy-tri-da-tang-trong-tuan-nay-357985.html


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