The Japanese Yen has a very high chance of appreciating.

Báo Công thương•17/09/2024

Domestic Yen exchange rate today, September 17, 2024

The Japanese Yen exchange rates surveyed at various banks this morning, September 17, 2024, are as follows:

At Vietcombank , the Japanese Yen exchange rate is 170.37 VND/JPY for buying and 180.32 VND/JPY for selling – an increase of 1.46 VND in the buying rate and 1.54 VND in the selling rate.

At Vietinbank , the Yen exchange rate increased by 0.01 VND in both buying and selling directions, equivalent to 170.13 VND/JPY and 179.83 VND/JPY respectively.

At BIDV bank, the Japanese Yen exchange rate increased by 1.83 VND for buying and 1.91 VND for selling, reaching 172.16 VND/JPY and 179.86 VND/JPY respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 170.08 VND/JPY and 178.66 VND/JPY respectively – an increase of 0.58 VND in both buying and selling rates.

At Eximbank, the buying and selling rates are 172.28 VND/JPY and 178.93 VND/JPY respectively – an increase of 0.93 VND in the buying rate and 0.97 VND in the selling rate.

At Techcombank, the Japanese Yen exchange rate increased by 0.81 VND on the buying side and 1.16 VND on the selling side, reaching 168.22 VND/JPY and 179.05 VND/JPY respectively.

At Sacombank, the Japanese Yen exchange rate increased by 1.06 VND on the buying side and 1.11 VND on the selling side, corresponding to prices of 173.16 VND/JPY and 179.22 VND/JPY respectively.

At NCB bank, the Japanese Yen exchange rate is 169.85 VND/JPY for buying and 178.10 VND/JPY for selling (corresponding to an increase of 0.67 VND for buying and 0.6 VND for selling).

At HSBC bank, the Japanese Yen exchange rate increased by 0.61 VND on the buying side and 0.63 VND on the selling side, reaching 170.37 VND/JPY and 177.86 VND/JPY respectively.

According to a survey by the Industry and Trade Newspaper, Sacombank has the highest Japanese Yen buying rate today , while HSBC has the lowest selling rate among banks .

As of 6:00 AM on September 17, 2024 , the following is a summary of the Yen/VND exchange rates at several banks:

*Note: Cash buying and selling rates
Day	September 17 , 2024		Change from the previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	170.37	180.32	+1.46	+1.54
VietinBank	170.13	179.83	+0.01	+0.01
MB	172.16	179.86	+1.83	+1.91
Agribank	170.08	178.66	+0.58	+0.58
Eximbank	172.28 You may also like What special activities will the first Dong Thap Fruit Festival feature?From June 5th to 8th, Dong Thap will host the first Dong Thap Fruit Festival in 2026 with the theme "Dong Thap - Land of Sweet Fruits" to promote the fruit industry and agricultural tourism.	178.93	+0.93	+0.97
Sacombank	173.16	179.22	+1.06	+1.11
Techcombank	168.22	179.05	+0.81	+1.16
NCB	169.85	178.10	+0.67	+0.6
HSBC	170.37	177.88	+0.61	+0.63
Black market exchange rate (VND/JPY)	173.24	174.74	-0.76	-0.46

1. VCB - Updated: 18/09/2024 00:58 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,162.42	16,325.68	16,850.28
Canadian Dollar	CAD	17,640.04	17,818.22	18,390.79
SWISS FRANCE	CHF	28,389.08	28,675.84	29,597.30
YUAN RENMINBI	CNY	3,396.77	3,431.08	3,541.87
DANISH KRONE	DKK	But	3,599.22	3,737.24
EURO	CZ	26,658.53	26,927.81	28,121.69
POUND STERLING	GBP	31,644.12	31,963.76	32,990.87
HONG KONG DOLLAR	HKD	3,077.21	3,108.30	3,208.18
INDIAN RUPEE	INR	But	292.59	304.30
YEN	rush	169.55	171.26	179.46
Korean Won	KRW	16.14	17.94	19.56
KUWAITI DINAR	KWD	But	80,455.68	83,676.46
MALAYSIAN RINGGIT	MYR	But	5,690.12	5,814.52
NORWEGIAN KRONER	NOK	But	2,275.83	2,372.57
RUSSIAN RUBLE	RUB	But	258.97	286.69
SAUDI RIAL	SAR	But	6,536.35	6,798.02
SWEDISH KRONA	SEK	But	2,366.68	2,467.29
SINGAPORE DOLLAR	SGD	18,516.05	18,703.08	19,304.08
THAILAND BAHT	THB	653.36	725.96	753.80
US DOLLAR	cau	24,400.00	24,430.00	24,770.00

On the "black market," the Japanese Yen exchange rate as of this morning, September 17 , 2024, is as follows:

Tỷ giá Yen Nhật hôm nay 17/9/2024: Đồng Yen Nhật khả năng tăng giá rất cao

So what is the black market exchange rate for the Yen today ?

Today, September 17, 2024, a survey of the black market shows that the Japanese Yen/VND exchange rate is trading at 173.24 VND/JPY for buying and 174.74 VND/JPY for selling, a decrease of 0.76 VND in the buying rate and 0.46 VND in the selling rate, respectively.

In Hanoi, the largest currency exchange street, offering a wide variety of foreign currencies, is Ha Trung Street. At Ha Trung Street, you can exchange common currencies such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), and many others. Therefore, the Japanese Yen exchange rate in Ha Trung is a popular search term, and Quoc Trinh Ha Trung is a frequently advertised address on social media. However, when exchanging money in these currency exchange streets, you must comply with Vietnamese law.

The Japanese Yen has a very high chance of appreciating.

Forecast of Yen exchange rate trends

The yen received a boost after Junko Nakagawa, a member of the Bank of Japan's (BoJ) board, said the BoJ would continue to raise interest rates if the economy and inflation develop as projected.

According to Ms. Nakagawa of the Bank of Japan, real interest rates remain low, so there is still room for tightening policy; this is helping the yen strengthen.

Traders are also anxiously awaiting the key US inflation report, which could provide clues about how the Federal Reserve will cut interest rates next week.

Conversely, the Fed is expected to ease policy on September 18th, the first time in over four years, but traders are divided on the extent of the cut. According to LSEG calculations, there is a 67% chance the Fed will cut interest rates by 25 basis points and a 33% chance of a sharp 50 basis point cut.

Kyle Rodda, senior market analyst at Capital.com, said the market wants evidence that inflation is developing in a way that would give the Fed the flexibility to cut 50 basis points if needed.

Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi: