Won price continues to remain stable, many positive signals

Won exchange rate today April 7, 2024 in the domestic market

According to a survey by Cong Thuong Newspaper this morning, April 7, 2024, the Won exchange rate at banks did not fluctuate, the price remained the same as yesterday, April 6, 2024.

At Vietcombank, the buying and selling rates of Won Vietcombank are 15.95 VND/KRW and 19.32 VND/KRW. The buying and selling rates of Won at VietinBank are 16.27 VND/KRW and 20.27 VND/KRW.

Won exchange rate at Vietcombank today, April 7, 2024. (Screenshot at 8:30)

Compare the Korean Won (KRW) exchange rate between the 7 largest banks in Vietnam. Today, April 7, 2024, the KRW exchange rate in the buying direction has 0 banks increasing the buying price, 0 banks decreasing the buying price and 7 banks keeping the buying price unchanged compared to yesterday. Meanwhile, in the selling direction, 0 banks increasing the selling price, 0 banks decreasing the selling price and 7 banks keeping the selling price unchanged compared to yesterday.

Today, April 7, 2024, Tien Phong Bank bought Korean Won (KRW) at the highest price of 17.53 VND/KRW. The lowest selling price of Korean Won (KRW) was Tien Phong Bank at 19.06 VND per KRW.

Won exchange rate surveyed at some banks today, April 7, 2024. (Screenshot at 8:30)

Black Market Won Rate

Today, April 7, 2024, a survey on the black market at 8:30 a.m. showed that the Won exchange rate was kept unchanged at the buying price of 18.66 VND/KRW and the selling price was 19.1 VND/KRW.

Won exchange rate at today's market price on April 7, 2024. (Screenshot at 8:30)

In Hanoi, Ha Trung Street (Hoan Kiem District) is the largest foreign exchange street where many popular currencies on the market can be exchanged, such as USD (US Dollar), Euro, Yen (Japanese Yen), Won (Korean Won) ... and many other currencies. However, exchanging money at these foreign exchange streets must comply with the regulations of Vietnamese law.

Won's performance

According to the survey, the latest figures show that the Korean Won exchange rate tends to increase slightly due to the expectation of a revival of the US interest rate cut. Previously, the Korean Won exchange rate in particular and other Asian currencies in general fell sharply due to the FED's tough statement on interest rates.

Earlier, Minneapolis Fed President Neel Kashkari raised the possibility that the US might not make any interest rate cuts this year if inflation worsens and the economy remains solid. His statement immediately sent Asian currency markets and US stocks reeling the previous session.

“Market participants took comfort from the weaker-than-expected US Services Manufacturing Purchasing Managers’ Index, which suggested that overall demand may still soften or the US economy remains weak against the Fed’s prolonged battle against inflation,” said Yeap Jun Rong, market analyst at IG.

Specifically, the ISM services PMI index fell 1.2 points to 51.4, below economists' forecasts. The input price index fell more than 5 points to 53.4, the lowest since March 2020. This is in stark contrast to the manufacturing PMI data last week, when input prices rose to their highest level since July 2022.

Other economic news in Korea

Along with the Korean Won, the South Korean stock market rebounded strongly yesterday after falling in the previous trading session on renewed optimism that the US Federal Reserve will cut interest rates this year.

The Kospi Composite Index (South Korea's main index) rose 35.03 points, or 1.29%, to close at 2,742.00.

Foreign investors net bought 588 billion won worth of stocks, offsetting net selling of 580 billion won worth of stocks by domestic institutions and individuals.

In Seoul, tech and auto stocks led the gains.

Market leader Samsung Electronics Co. rose 1.4 percent to 85,300 won, No. 2 chipmaker SK hynix Inc. rose 4.9 percent to 188,000 won, top automaker Hyundai Motor Co. rose 4.6 percent to 226,000 won, and top battery maker LG Energy Solution Ltd. rose 0.9 percent to 379,500 won.

Among the decliners, national carrier Korean Air Co. fell 1.1 percent to 21,250 won, top shipbuilder HD Hyundai fell 0.3 percent to 70,200 won, and top cosmetics company Amorepacific Corp. fell 2.4 percent to 132,400 won.

The local currency closed at 1,347.10 KRW per USD, up 1.8 KRW from the previous session's close.

Refer to foreign currency exchange addresses - buying and selling Won in Hanoi:

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

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

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

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

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Bui Thi Xuan, Hoan Kiem District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

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

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular foreign currency exchange - Won buying and selling addresses in Ho Chi Minh City:

1. Minh Thu Currency Exchange - No. 22 Nguyen Thai Binh, District 1, Ho Chi Minh City

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, Ho Chi Minh City

3. Kim Chau Gold Shop - 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, Ho Chi Minh City

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh district, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, Ho Chi Minh City

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank.

* Information for reference only.

Source: https://congthuong.vn/ty-gia-won-han-quoc-hom-nay-742024-gia-won-tiep-tuc-giu-on-dinh-nhieu-tin-hieu-khoi-sac-313313.html