Japanese Yen exchange rate turns to decline
Japanese Yen exchange rate surveyed on the morning of February 21 at banks, specifically as follows:
At Vietcombank, the buying rate is 158.38 VND/JPY and the selling rate is 167.64 VND/JPY, down 0.24 VND for buying and 0.25 VND for selling. At Vietinbank, the Yen rate decreased 0.29 VND for buying and selling, equivalent to 159.09 VND/JPY and 168.79 VND/JPY. At BIDV, it decreased 0.37 VND for buying and selling, reaching 159.34 VND/JPY and 167.77 VND/JPY, respectively. At Agribank, the buying and selling rates are 160.07 VND/JPY and 165.67 VND/JPY - down 0.31 VND for buying and selling.
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 0.56 VND and the selling rate decreased by 0.57 VND, respectively, to 156.47 VND/JPY and 167.44 VND/JPY. At Sacombank, the Japanese Yen exchange rate decreased by 0.47 VND in the buying and selling rates, respectively, to 161.21 VND/JPY and 166.25 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.
Domestic USD increases, world USD decreases
The USD exchange rate today continues to increase, the world USD slightly decreased, currently fluctuating at 104 points.
The central VND/USD exchange rate announced by the State Bank is adjusted to 23,988 VND/USD, up 9 VND compared to the trading session on February 20.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,137 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 25,137 VND/USD.
The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,330 and a selling price of 24,700, maintaining an increase of 20 VND compared to the trading session on February 20. 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 104.03 points - down 0.24% compared to trading on February 20.
Domestic gold suddenly reversed and increased sharply
Today, domestic gold suddenly reversed and increased sharply by approximately 1 million VND/tael for buying and 200,000 VND/tael for selling, while world gold remained unchanged.
At the time of survey at 5:00 a.m. on February 21, 2024, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 75.85 million VND/tael for buying and 78.15 million VND/tael for selling.
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 76.25 - 78.15 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai Company, it is being traded at 75.85 - 78.15 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,024.330 USD/ounce, a difference of 6,385 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 59.175 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 16.725 million VND/tael higher than the international gold price.
Rice prices continue to fall
The current price of paddy and rice in the Mekong Delta continues to decrease by 100 - 200 VND/kg for rice. Meanwhile, the price of rice remains stable.
In the Mekong Delta region, the price of fresh rice continued to move sideways. Accordingly, in An Giang, the price of fresh rice of all kinds purchased by traders at the field was stable. Specifically, IR 504 rice was at 8,800 - 9,000 VND/kg; Dai Thom 8 rice was at 9,300 - 9,500 VND/kg; OM 18 rice was at 9,200 - 9,400 VND/kg; OM 5451 rice was at 9,200 - 9,400 VND/kg; Nang Hoa 9 remained stable at 9,400 - 9,600 VND/kg; OM 380 rice fluctuated around 8,600 - 8,800 VND/kg.
In Kien Giang, many localities such as An Bien have harvested the winter-spring rice crop. Farmers mainly grow Dai Thom rice, with prices ranging from 8,800 - 9,000 VND/kg.
In the Mekong Delta provinces, new rice trading was slow at the beginning of the week. Rice prices dropped sharply, so traders and businesses stopped buying and observed the market.
In the rice market, today the price of all types of rice continues to decrease by 100 - 200 VND/kg compared to yesterday. In An Giang, Kien Giang, Dong Thap provinces, there is a lot of rice coming in, but warehouses only buy in moderation, transactions are slow, and prices are decreasing.
In the export market, Vietnam's rice export prices have stagnated and remained unchanged after an upward adjustment. According to the Vietnam Food Association (VFA), the current price of 25% broken rice is at 612 USD/ton; 5% broken rice is at 638 USD/ton; and 100% broken rice is at 533 USD/ton.
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