Domestic Yen exchange rate today, August 26, 2024
The Japanese Yen exchange rates surveyed at various banks this morning, August 26, 2024, are as follows:
At Vietcombank , the Japanese Yen exchange rate is 166.65 VND/JPY for buying and 176.38 VND/JPY for selling.
At Vietinbank , the Yen exchange rate is equivalent to 168.67 VND/JPY for buying and 178.37 VND/JPY for selling.
At BIDV Bank, the Japanese Yen exchange rate reached 167.74 VND/JPY for buying and 176.04 VND/JPY for selling.
At Agribank, the Japanese Yen exchange rate for buying and selling is 167.32 VND/JPY and 175.83 VND/JPY, respectively.
At Eximbank, the exchange rates are 168.53 VND/JPY for buying and 174.85 VND/JPY for selling.
At Sacombank, the Japanese Yen exchange rate is 169.75 VND/JPY for buying and 174.76 VND/JPY for selling.
At Techcombank, the Yen exchange rate is 165.95 VND/JPY for buying and 176.44 VND/JPY for selling.
At NCB Bank, the Japanese Yen exchange rate is 166.94 VND/JPY for buying and 175.22 VND/JPY for selling.
At HSBC Bank, the Yen exchange rate is 167.03 VND/JPY for buying and 174.39 VND/JPY for selling.
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 all banks.
At 5:15 AM on August 26, 2024, the following is a summary of the Yen/VND exchange rates at several banks:
*Note: Cash buying and selling rates | ||||
Day | August 26, 2024 | Change from the previous session | ||
Bank | Buy | Sell | Buy | Sell |
Vietcombank | 166.65 | 176.38 | - | - |
VietinBank | 168.67 | 178.37 | - | - |
MB | 167.74 | 176.04 | - | - |
Agribank | 167.32 | 175.83 | - | - |
Eximbank | 168.53 | 174.85 | - | - |
Sacombank | 169.75 | 174.76 | - | - |
Techcombank | 165.95 | 176.44 | - | - |
NCB | 166.94 | 175.22 | - | - |
HSBC | 167.03 | 174.39 | - | - |
Black market exchange rate (VND/JPY) | 172.10 | 173.10 | - | - |
| 1. VCB – Updated: 26/08/2024 06:00 – Time of source website update | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,368.48 | 16,533.82 | 17,064.69 |
| Canadian Dollar | CAD | 17,915.39 | 18,096.35 | 18,677.39 |
| SWISS FRANCE | CHF | 28,624.60 | 28,913.74 | 29,842.11 |
| YUAN RENMINBI | CNY | 3,428.88 | 3,463.51 | 3,575.26 |
| DANISH KRONE | DKK | - | 3,656.88 | 3,797.02 |
| EURO | CZ | 27,082.83 | 27,356.40 | 28,568.57 |
| POUND STERLING | GBP | 31,941.05 | 32,263.68 | 33,299.61 |
| HONG KONG DOLLAR | HKD | 3,122.18 | 3,153.72 | 3,254.98 |
| INDIAN RUPEE | INR | - | 297.11 | 308.99 |
| YEN | rush | 166.65 | 168.33 | 176.38 |
| Korean Won | KRW | 16.17 | 17.97 | 19.60 |
| KUWAITI DINAR | KWD | - | 81,565.75 | 84,828.87 |
| MALAYSIAN RINGGIT | MYR | - | 5,655.12 | 5,778.61 |
| NORWEGIAN KRONER | NOK | - | 2,314.49 | 2,412.81 |
| RUSSIAN RUBLE | RUB | - | 259.37 | 287.13 |
| SAUDI RIAL | SAR | - | 6,639.17 | 6,904.78 |
| SWEDISH KRONA | SEK | - | 2,394.29 | 2,496.01 |
| SINGAPORE DOLLAR | SGD | 18,625.37 | 18,813.51 | 19,417.57 |
| THAILAND BAHT | THB | 644.47 | 716.08 | 743.52 |
| US DOLLAR | cau | 24,780.00 | 24,810.00 | 25,150.00 |
On the "black market," the Japanese Yen exchange rate as of this morning, August 26, 2024, is as follows:
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Black market on August 26, 2024 |
So what is the black market exchange rate for the Yen today ?
Today, May 19, 2024, a survey of the black market shows that the Japanese Yen/VND exchange rate is trading at 172.10 VND/JPY for buying and 173.10 VND/JPY for selling.
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 popular 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 currently a popular search term, and Quoc Trinh Ha Trung is a frequently advertised address on social media. However, when exchanging money at these foreign exchange streets, you need to comply with Vietnamese law.
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Yen exchange rate today, August 26, 2024 |
Forecast of Yen exchange rate trends
Following the Bank of Japan's (BOJ) decision to raise interest rates in July, the Japanese stock and currency markets experienced significant volatility.
Japan's core consumer price index (CPI) – a measure of inflation excluding fresh food – rose 2.7% year-on-year, higher than the 2.6% increase recorded in June. This increase was in line with market forecasts and marked the 28th consecutive month that core inflation in Japan has been at or above the Bank of Japan's 2% target.
"The rise in core inflation reflects the Japanese government's cuts in utility bill subsidies for households. Without considering this factor, real inflation is falling," Masato Koike, a senior economist at Sompo Institute Plus, told Reuters.
Inflation data is a crucial basis for the Bank of Japan's interest rate decisions. In July, the BOJ surprised the market by raising interest rates to a 15-year high and signaling that it would continue to raise rates until inflation sustainably reaches its 2% target.
Consequently, this hawkish stance by the BOJ caused the depreciating Yen to suddenly reverse course and appreciate rapidly, while the Japanese stock market experienced its sharpest decline since 1987. The Japanese stock market then quickly stabilized, but the Yen continued its upward trend.
Hugh Chung, chief investment advisor at asset and fund management platform Endowus, stated: “The volatility of the dollar has likely peaked this year as the partial cancellation of ‘interest rate arbitrage’ has occurred and central bank actions are unlikely to surprise the market anymore.”
If the Bank of Japan continues to raise interest rates, while the US and other Western economies lower interest rates, the yen could appreciate further.
Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi: 1. Quoc Trinh Ha Trung Gold Shop – 27 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 2. Gold and Silver Handicrafts – No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 3. Minh Chien Gold and Silver Shop – 119 Cau Giay Street, Cau Giay District, Hanoi 4. Thinh Quang Gold and Silver Company – 43 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 5. Toan Thuy Store – 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi 6. Bao Tin Minh Chau Gold, Silver and Gemstones – 19 Tran Nhan Tong Street, Bui Thi Xuan Ward, Hanoi 7. Chinh Quang Store – 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 8. Kim Linh 3 Store – 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 9. Huy Khoi Store – 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 10. The system of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB Check out these popular foreign currency exchange and USD buying/selling locations in Ho Chi Minh City: 1. Minh Thu Foreign Exchange – 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City 2. Kim Mai Gold Shop – 84 Cong Quynh Street, District 1, Ho Chi Minh City 3. Kim Chau Gold Shop – 784 Dien Bien Phu Street, Ward 10, District 10, Ho Chi Minh City 4. Saigon Jewelry Center – 40-42 Phan Boi Chau Street, District 1, Ho Chi Minh City 5. Kim Hung Foreign Exchange Agency – 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City 6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City 7. Kim Tam Hai Shop – 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City 8. Bich Thuy Gold Shop – 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City 9. Ha Tam Gold Shop – 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City 10. The system of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank |
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