Japanese Yen exchange rate plummets; Domestic gold falls, world gold slightly increases

Japanese Yen exchange rate plummets

Japanese Yen exchange rate surveyed on the morning of February 16, 2024 at banks, specifically as follows:

At Vietcombank, the buying rate is 157.73 VND/JPY and the selling rate is 166.95 VND/JPY, down 1.71 VND for buying and 2.92 VND for selling. At Vietinbank, the Yen rate decreased 1.85 VND for buying and selling, equivalent to 158.85 VND/JPY and 168.55 VND/JPY. At BIDV, the Japanese Yen rate decreased 2.24 VND for buying and 2.38 VND for selling, respectively reaching 158.99 VND/JPY and 167.40 VND/JPY. At Agribank , the buying and selling rates are 159.53 VND/JPY and 165.11 VND/JPY - down 2.16 VND for buying and down 2.29 VND for selling.

Today, the Japanese Yen exchange rate plummeted.

At Eximbank, the buying rate increased by 1 VND and the selling rate increased by 1.02 VND, respectively, to 163.84 VND/JPY and 168.53 VND/JPY. At Techcombank, the buying rate decreased by 1.82 VND and the selling rate decreased by 1.96 VND, respectively, to 156.26 VND/JPY and 167.27 VND/JPY. At Sacombank , the buying rate decreased by 2.01 VND and the selling rate decreased by 2.05 VND, respectively, to 160.84 VND/JPY and 165.90 VND/JPY.

According to the survey, today Eximbank is the bank with the highest buying rate of Japanese Yen and Agribank is the bank with the lowest selling rate among the banks.

The US dollar continues to fall in value

USD exchange rate today February 16, 2024, USD VCB adjusted to increase strongly by 40 VND in both buying and selling directions, world USD continued to decrease in price.

The central VND/USD exchange rate announced by the State Bank is adjusted to 23,956 VND/USD, an increase of 20 VND compared to the trading session on February 15.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,124 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,124 VND/USD.

The USD exchange rate at banks and foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,240 and a selling price of 24,610, an increase of 40 VND compared to the trading session on February 15. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

In the world market, the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.29 points - down 0.42% compared to the transaction on February 15.

Domestic gold decreases, world gold increases

Today, domestic gold was adjusted down slightly, fluctuating around 78.8 million VND/tael, while world gold turned to increase slightly.

At the time of survey at 5:00 a.m. on February 16, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 76.35 million VND/tael for buying and 78.75 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 76.70 - 78.70 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.55 - 78.90 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,004.250 USD/ounce, a difference of 13,475 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 58.371 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 18.129 million VND/tael higher than the international gold price.

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