Japanese Yen exchange rate increased sharply
Today's Japanese Yen exchange rate surveyed on the morning of December 5 at banks, specifically as follows:
At Vietcombank, the buying rate is 160.44 VND/JPY and the selling rate is 169.83 VND/JPY, up 1.14 VND for buying and 1.2 VND for selling. At Vietinbank, the Yen rate increased by 4.35 VND for buying and 1.35 VND for selling, equivalent to 161.29 VND/JPY and 170.99 VND/JPY. At BIDV, the Japanese Yen rate increased by 0.72 VND for buying and 0.74 VND for selling, reaching 157.48 VND/JPY and 165.75 VND/JPY, respectively. At Agribank , the buying and selling rates are 158.80 VND/JPY and 163.74 VND/JPY, up 0.45 VND for buying and 0.48 VND for selling, respectively.
At Eximbank, the buying rate increased by 0.6 VND and the selling rate increased by 0.62 VND, respectively, to 162.42 VND/JPY and 166.96 VND/JPY. At Techcombank, the Japanese Yen exchange rate increased by 0.91 VND and the selling rate increased by 0.9 VND, respectively, to 158.55 VND/JPY and 169.56 VND/JPY. At Sacombank , the Japanese Yen exchange rate increased by 0.98 VND and the selling rate increased by 1.02 VND, respectively, to 162.79 VND/JPY and 169.38 VND/JPY.
According to the survey, today Sacombank is the bank with the highest buying rate of Japanese Yen and Agribank is the bank with the lowest selling rate among the banks.
Gold suddenly reversed and fell sharply
At the time of survey at 5:00 a.m. on December 5, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 72.90 million VND/tael for buying and 74.30 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 73.00 - 73.90 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 73.05 - 74.15 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 73.00 - 74.50 million VND/tael (buy - sell).
Domestic coffee prices continue to remain high
Domestic coffee prices updated at 4:24 a.m. on December 5 continued to remain stable and at a high level. Currently, the average coffee price in the Central Highlands provinces is about 59,600 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 59,900 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on December 5 was quite high at 59,700 VND/kg; In Dak Nong province, coffee was purchased at 59,900 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, is purchased at 58,900 VND/kg.
In Cu M'gar district, Dak Lak province, coffee is purchased at the highest price, at 59,800 VND/kg, while in Ea H'leo district, Buon Ho town, it is purchased at the same price of 59,900 VND/kg.
Thai rice export prices turn down, Vietnamese rice remains at high level
After a series of price increases, Thai rice export prices have turned down, while Vietnamese rice prices remain high.
According to the Vietnam Food Association (VFA), the export price of Thai rice has unexpectedly decreased by 7-9 USD/ton for all three types: 5%, 25%, and 100% broken rice. Of which, 5% broken rice decreased by 7 USD, down to 625 USD/ton; 25% broken rice decreased by 9 USD, down to 566 USD/ton; 100% broken rice decreased by 7 USD, down to 484 USD/ton.
Previously, for 3 consecutive weeks, Thai rice prices were adjusted to increase sharply. However, after a series of consecutive increases, Thai rice prices "cooled down" in the first session of this week.
Meanwhile, the price of 5% broken rice from Vietnam continues to remain at 663 USD/ton - 38 USD higher than the same quality of Thai rice; 25% broken rice is at 643 USD/ton - 77 USD/ton higher than the same quality of Thai rice.
Looking at the long term, experts predict that, due to the threat of El Nino as well as policy responses from major rice exporters and importers in the world, world rice prices will not cool down before 2025. Specifically, the average global rice price in 2023 is 28% higher than in 2022 and is expected to increase by another 6% in 2024.
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