Domestic Yen exchange rate today August 26, 2024
Today's Japanese Yen exchange rate surveyed on the morning of August 26, 2024 at banks, specifically as follows:
At Vietcombank , the Vietcombank Japanese Yen exchange rate is 166.65 VND/JPY and the selling rate is 176.38 VND/JPY.
At Vietinbank, the Yen exchange rate is equivalent to 168.67 VND/JPY for buying and 178.37 VND/JPY for selling.
At BIDV Bank, the Japanese Yen exchange rate reached 167.74 VND/JPY for buying and 176.04 VND/JPY for selling.
At Agribank, the Japanese Yen buying and selling rates are 167.32 VND/JPY and 175.83 VND/JPY.
At Eximbank, the buying price is 168.53 VND/JPY and the selling price is 174.85 VND/JPY.
At Sacombank, the Japanese Yen exchange rate corresponds to 169.75 VND/JPY for buying and 174.76 VND/JPY for selling.
At Techcombank, the Yen exchange rate is 165.95 VND/JPY for buying and 176.44 VND/JPY for selling.
At NCB Bank, the Japanese Yen exchange rate is 166.94 VND/JPY for buying and 175.22 VND/JPY for selling.
At HSBC Bank, the Yen exchange rate is 167.03 VND/JPY for buying and 174.39 VND/JPY for selling.
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 HSBC is the bank with the lowest selling rate among banks.
At 5:15 a.m. on August 26, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:
*Note: Cash buying and selling rates | ||||
Day | August 26, 2024 | Change from previous session | ||
Bank | Buy | Sell | Buy | Sell |
Vietcombank | 166.65 | 176.38 | – | – |
VietinBank | 168.67 | 178.37 | – | – |
BIDV | 167.74 | 176.04 | – | – |
Agribank | 167.32 | 175.83 | – | – |
Eximbank | 168.53 | 174.85 | – | – |
Sacombank | 169.75 | 174.76 | – | – |
Techcombank | 165.95 | 176.44 | – | – |
NCB | 166.94 | 175.22 | – | – |
HSBC | 167.03 | 174.39 | – | – |
Black market rate (VND/JPY) | 172.10 | 173.10 | – | – |
| 1. VCB – Updated: 08/26/2024 06:00 – Time of the source website | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,368.48 | 16,533.82 | 17,064.69 |
| CANADIAN DOLLAR | CAD | 17,915.39 | 18,096.35 | 18,677.39 |
| SWISS FRANC | CHF | 28,624.60 | 28,913.74 | 29,842.11 |
| YUAN RENMINBI | CNY | 3,428.88 | 3,463.51 | 3,575.26 |
| DANISH KRONE | DKK | – | 3,656.88 | 3,797.02 |
| EURO | EUR | 27,082.83 | 27,356.40 | 28,568.57 |
| Sterling Pound | GBP | 31,941.05 | 32,263.68 | 33,299.61 |
| HONGKONG DOLLAR | HKD | 3,122.18 | 3,153.72 | 3,254.98 |
| INDIAN RUPEE | INR | – | 297.11 | 308.99 |
| YEN | JPY | 166.65 | 168.33 | 176.38 |
| Korean Won | KRW | 16.17 | 17.97 | 19.60 |
| KUWAITIAN DINAR | KWD | – | 81,565.75 | 84,828.87 |
| MALAYSIAN RINGGIT | MYR | – | 5,655.12 | 5,778.61 |
| NORWEGIAN KRONER | NOK | – | 2,314.49 | 2,412.81 |
| RUSSIAN RUBLE | RUB | – | 259.37 | 287.13 |
| SAUDI RIAL | SAR | – | 6,639.17 | 6,904.78 |
| SWEDISH KRONA | SEK | – | 2,394.29 | 2,496.01 |
| SINGAPORE DOLLAR | SGD | 18,625.37 | 18,813.51 | 19,417.57 |
| THAILAND | THB | 644.47 | 716.08 | 743.52 |
| US DOLLAR | USD | 24,780.00 | 24,810.00 | 25,150.00 |
On the "black market", the black market Japanese Yen exchange rate as of August 26, 2024 this morning is as follows:
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Black Market August 26, 2024 |
So what is the black market Yen rate today ?
Today, May 19, 2024, surveying the black market, the Japanese Yen/VND exchange rate was traded at 172.10 VND/JPY for buying and 173.10 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 Japanese Yen Ha Trung 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.
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Yen exchange rate today August 26, 2024 |
Yen exchange rate trend forecast
Following the Bank of Japan's (BOJ) decision to raise interest rates in July, Japan's stock and currency markets have seen major fluctuations.
Japan’s core consumer price index (CPI) – a measure of inflation excluding fresh food – rose 2.7% year-on-year, up from a 2.6% gain in June. The increase was in line with market expectations and marked the 28th consecutive month that core inflation in Japan has been at or above the BOJ’s 2% target.
“The increase in core inflation reflects the government’s cut in utility bill subsidies for households. Excluding that, inflation is actually falling,” Masato Koike, senior economist at Sompo Institute Plus, told Reuters.
Inflation data is an important basis for the BOJ to make interest rate decisions. In July, the BOJ surprised the market by raising interest rates to a 15-year high and signaled that it would continue to raise rates until inflation reaches its 2% target on a sustainable basis.
Accordingly, this tough stance of the BOJ caused the depreciating Yen to suddenly reverse and increase in price, while the Japanese stock market had its sharpest decline since 1987. After that, the Japanese stock market quickly stabilized but the Yen continued to maintain an upward trend.
“Coin volatility has probably peaked this year as the unwinding of the ‘carry trade’ has partially taken place and central bank actions may no longer surprise the market,” said Hugh Chung, chief investment advisor at wealth and fund management platform Endowus.
If the BOJ continues to raise interest rates, while the US and other Western economies cut interest rates, the Yen could appreciate further.
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 Jewelry 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 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 City9. 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 |
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