Risk of Accelerating Yen's Devaluation

Domestic Yen exchange rate today 1 5/4/202 4

Today's Japanese Yen exchange rate surveyed on the morning of April 15, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 158.21 VND/JPY and the selling rate is 167.45 VND/JPY, down 1.44 VND on the buying side and down 0.47 VND on the selling side.

At Vietinbank, the Yen exchange rate increased by 0.34 VND in both buying and selling directions, equivalent to 159.00 VND/JPY and 168.7 VND/JPY.

At BIDV Bank, the Japanese Yen exchange rate decreased by 0.17 VND in buying and 0.18 VND in selling, reaching 158.86 VND/JPY and 167.33 VND/JPY, respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 159.41 VND/JPY and 167.39 VND/JPY - down 0.23 VND for buying and down 0.25 VND for selling.

At Eximbank, the buying price increased by 0.03 VND and the selling price increased by 0.02 VND, respectively at 160.62 VND/JPY and 165.27 VND/JPY.

At Techcombank, the Japanese Yen exchange rate increased by 0.19 VND at buying and 0.2 VND at selling with prices of 156.52 VND/JPY and 168.96 VND/JPY, respectively.

At Sacombank, the Japanese Yen exchange rate decreased by 0.24 VND in buying and decreased by 0.22 VND in selling, corresponding to the prices of 161.19 VND/JPY and 166.22 VND/JPY.

At NCB Bank, the Japanese Yen exchange rate is 158.97 VND/JPY for buying and 167.04 VND/JPY for selling (corresponding to a decrease of 0.42 VND for buying and a decrease of 0.43 VND for selling).

At HSBC Bank, the Japanese Yen exchange rate increased by 2.11 VND in buying and 2.2 VND in selling, respectively at 161.28 VND/JPY and 168.39 VND/JPY.

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 5:00 a.m. on April 15, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates
Day	April 15, 2024		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	158.21	167.45	-	-
VietinBank	159.00	168.7	-	-
BIDV	158.86	167.33	-	-
Agribank	159.41	167.39	-	-
Eximbank	160.62	165.27	-	-
Sacombank	161.19	166.22	-	-
Techcombank	156.52	168.96	-	-
NCB	158.97	167.04	-	-
HSBC	161.28	168.39	-	-
Black market rate (VND/JPY)	167.00	168.00	-	-

1. VCB - Updated: April 15, 2024 06:28 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	15,866.65	16,026.92	16,541.49
CANADIAN DOLLAR	CAD	17,747.55	17,926.82	18,502.38
SWISS FRANC	CHF	26,717.62	26,987.49	27,853.96
YUAN RENMINBI	CNY	3,384.48	3,418.66	3,528.96
DANISH KRONE	DKK	-	3,511.79	3,646.36
EURO	EUR	26,001.72	26,264.37	27,428.10
Sterling Pound	GBP	30,483.18	30,791.09	31,779.68
HONGKONG DOLLAR	HKD	3,110.34	3,141.76	3,242.63
INDIAN RUPEE	INR	-	299.10	311.07
YEN	JPY	158.21	159.81	167.45
KOREAN WON	KRW	15.68	17.43	19.01
KUWAITIAN DINAR	KWD	-	80,974.41	84,213.71
MALAYSIAN RINGGIT	MYR	-	5,190.39	5,303.72
NORWEGIAN KRONER	NOK	-	2,258.81	2,354.77
RUSSIAN RUBLE	RUB	-	254.83	282.11
SAUDI RIAL	SAR	-	6,649.10	6,915.09
SWEDISH KRONA	SEK	-	2,269.17	2,365.57
SINGAPORE DOLLAR	SGD	17,955.42	18,136.79	18,719.09
THAILAND	THB	606.46	673.84	699.67
US DOLLAR	USD	24,810.00	24,840.00	25,180.00

2. Vietinbank - Updated: April 15, 2024 00:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUD	AUD	15,878	15,898	16,498
CAD	CAD	17,869	17,879	18,579
CHF	CHF	26,874	26,894	27,844
CNY	CNY	-	3,387	3,527
DKK	DKK	-	3,481	3,651
EUR	EUR	#25,782	25,992	27,282
GBP	GBP	30,612	30,622	31,792
HKD	HKD	3,062	3,072	3,267
JPY	JPY	159.01	159.16	168.71
KRW	KRW	15.92	16.12	19.92
LAK	LAK	-	0.68	1.38
NOK	NOK	-	2,219	2,339
NZD	NZD	14,610	14,620	15,200
SEK	SEK	-	2,228	2,363
SGD	SGD	17,829	17,839	18,639
THB	THB	630.91	670.91	698.91
USD	USD	#24,768	24,808	25,228

On the "black market", the black market Japanese Yen exchange rate as of April 15, 2024 this morning is as follows:

Tỷ giá Yen Nhật hôm nay 15/4/2024: Tỷ giá Yen Nhật

Black Market April 15, 2024

So is the black market Yen exchange rate up or down today?

Today, April 15, 2024, surveying the black market, the Japanese Yen/VND exchange rate increased by 0.13 VND in the buying direction and decreased by 0.02 VND in the selling direction, respectively traded at the buying direction of 167.00 VND/JPY and the selling direction of 168.00 VND/JPY.

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.

Yen exchange rate today April 15, 2024

Yen exchange rate trend forecast

Japanese Finance Minister Shunichi Suzuki said authorities are analyzing not only the recent yen decline but also the factors driving the move, and reiterated that Tokyo is ready to respond to any excessive currency fluctuations.

Suzuki said finance leaders from the Group of 20 major economies, who will meet in Washington DC next week on the sidelines of the International Monetary Fund (IMF) spring meetings, could discuss currency fluctuations as part of the debate.

While a weak yen brings some benefits and drawbacks to the economy, it could hurt consumers by pushing up inflation, he said.

“I cannot comment specifically on recent currency movements. But it is important that the exchange rate moves steadily, reflecting fundamentals. Excessive volatility is undesirable,” Suzuki said.

“If there are excessive moves, we will respond appropriately without ruling out any options,” he also said at a press conference on Friday.

He is also working closely with top currency diplomat Masato Kanda to address the yen's volatility, but declined to comment on whether they are prepared to intervene in the market to support the currency.

He also stopped short of warning to take “decisive action” in the face of a sharp fall in the yen, language he used just before Japan entered the currency market in 2022.

The best-case scenario for authorities is to keep the market on guard for real intervention to prevent the yen from falling further, said Tsuyoshi Ueno, senior economist at NLI Research Institute.

“If you just say ‘decisive’ action, it loses its effectiveness,” Ueno said. “There is a risk of friction when intervening, and it cannot be intervened indefinitely.”

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

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

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

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

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

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

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem, 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 Japanese Yen in Ho Chi Minh City: