Domestic Japanese Yen Exchange Rate
This morning, the Japanese Yen exchange rate at the State Bank of Vietnam remained stable at 150 VND/JPY (buy) and 165 VND/JPY (sell), unchanged from previous days.
At commercial banks, the Japanese Yen exchange rate recorded a slight change. Specifically, at Vietcombank, the buying rate was 158.83 VND/JPY and the selling rate was 168.06 VND/JPY; at Vietinbank, the buying rate was 160.89 VND/JPY and the selling rate was 168.64 VND/JPY; BIDV listed the buying rate at 161.14 VND/JPY and the selling rate at 168.44 VND/JPY.
Japanese Yen buying rate at banks
Regarding the Japanese Yen (JPY) buying rate at banks, PublicBank is applying the lowest price of 1 JPY = 158.00 VND for cash. For bank transfer, Bao Viet is listing the lowest buying price of 1 JPY = 159.65 VND.
On the contrary, TPBank has the highest cash buying price with 1 JPY = 163.75 VND, while VietinBank leads in transfer buying rate with 1 JPY = 168.64 VND.
| Bank | Transaction form | Buying rate (VND) |
|---|---|---|
| PublicBank | Cash | 1 JPY = 158.00 |
| Bao Viet | Transfer | 1 JPY = 159.65 |
| TPB | Cash | 1 JPY = 163.75 |
| VietinBank | Transfer | 1 JPY = 168.64 |
Japanese Yen selling rate at banks
Regarding the selling rate, Indovina Bank is offering the lowest price for cash transactions, with an exchange rate of 1 JPY = 166.83 VND. For transfers, VietBank is listing the lowest selling rate, at 1 JPY = 166.67 VND.
In contrast, TPB Bank is currently applying the highest cash selling price, reaching 1 JPY = 176.78 VND. Meanwhile, Bao Viet Bank has the highest transfer selling rate, with a price of 1 JPY = 169.52 VND.
| Bank | Transaction form | Selling rate (VND) |
|---|---|---|
| Indovina | Cash | 1 JPY = 166.83 |
| VietBank | Transfer | 1 JPY = 166.67 |
| TPB | Cash | 1 JPY = 176.78 |
| Bao Viet | Transfer | 1 JPY = 169.52 |
Banks suitable for Japanese Yen transactions
Regarding Japanese Yen purchases, for cash, PublicBank offers the lowest price, while TPB lists the highest price. For transfers, Bao Viet Bank offers the lowest buying price, while VietinBank applies the highest buying price.
In terms of Japanese Yen selling, Indovina and VietBank are the suitable choices for the lowest selling price for cash and transfer respectively. In contrast, TPB and Bao Viet have the highest selling price for cash and transfer transactions.
Japanese Yen exchange rate in the world
In the international market, the Japanese Yen remained stable in today's trading session. Currently, the exchange rate of 1 USD is 154.68 JPY, unchanged from the previous trading session.
This stability was largely due to positive factors in global markets. Tensions between Russia and the West eased after Russian Foreign Minister Sergey Lavrov pledged to reduce the risk of nuclear war, reducing demand for safe-haven assets such as the Japanese yen.
In addition, expectations of intervention from the Bank of Japan (BOJ) are also supportive factors for the Yen in the medium term. The BOJ may make policy adjustments if the Yen's depreciation pressure becomes serious.
Factors affecting and prospects of Japanese Yen exchange rate
Fed and BOJ interest rate policies: While the Fed is likely to cut interest rates in December, the Bank of Japan (BOJ) is still maintaining negative interest rates, which puts further pressure on the Yen.
Geopolitical tensions: Any changes in the international political situation, especially relations between Russia and the West, can directly affect the search for safe assets such as the Yen.
USD Movements: The Dollar Index (DXY) fell to 106.18 after losing 4 points in the previous session, providing a favorable opportunity for the Yen as the USD weakened.
Experts predict that the Japanese Yen will likely continue to fluctuate in the short term, with major fluctuations depending on BOJ decisions and the global financial situation.
Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-20-11-2024-dong-yen-on-dinh-khi-dong-usd-giam-gia-234672.html
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