The Japanese Yen unexpectedly fell, mainly due to the strong US dollar across the board, while the Japanese government announced plans to cut its budget. However, expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year helped limit the Yen's depreciation.
In the domestic market
Today's Japanese Yen exchange rate surveyed on the morning of March 1, 2025 at banks, specifically as follows:
At Vietcombank , the Vietcombank Japanese Yen exchange rate is 163.73 VND/JPY and the selling rate is 174.14 VND/JPY.
At Vietinbank , the buying and selling Yen exchange rates are equivalent to 165.83 VND/JPY and 173.53 VND/JPY.
At BIDV bank, the buying and selling rates of Japanese Yen reached 166.23 VND/JPY and 173.97 VND/JPY, respectively.
At Agribank, the Japanese Yen buying and selling rates are 167.06 VND/JPY and 175.07 VND/JPY, respectively.
At Eximbank, the buying and selling rates are 167.71 VND/JPY and 173.56 VND/JPY, respectively.
At Sacombank, the buying and selling rates of Japanese Yen are 166.90 VND/JPY and 173.91 VND/JPY, respectively.
At NCB bank, the Japanese Yen exchange rate is 165.77 VND/JPY for buying and 174.05 VND/JPY for selling.
At HSBC bank, the buying rate of Japanese Yen is 166.92 VND/JPY and the selling rate is 174.28 VND/JPY.
According to the survey, today's Japanese Yen exchange rate at Eximbank is the bank with the highest Japanese Yen buying rate and the lowest Japanese Yen selling rate among banks.
On the 'black market'
Today, March 1, 2025, surveying the black market, the Japanese Yen/VND exchange rate was traded at 170.10 VND/JPY for buying and 171.10 VND/JPY for selling.
In Hanoi, the largest currency exchange street in Hanoi that helps you exchange many types of foreign currencies is Ha Trung currency exchange street. At Ha Trung currency exchange street, you can exchange popular foreign currencies on the market today such as USD (US dollar), Euro, Yen (Japanese Yen), Won (Korean Won), ... and many other currencies. Therefore, the Ha Trung Japanese Yen exchange rate is also a keyword that readers are interested in and Quoc Trinh Ha Trung store is an address that is advertised a lot on social networks. However, when exchanging money at these foreign currency streets, you need to comply with the regulations of Vietnamese law.
The Japanese Yen unexpectedly fell, mainly due to the strong US dollar across the board, while the Japanese government announced plans to cut its budget. However, expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year helped limit the Yen's depreciation.
Japanese Prime Minister Shigeru Ishiba announced a budget cut for the 2025-2026 fiscal year to 115.2 trillion yen. At the same time, the government will also reduce the amount of new bonds issued to 28.6 trillion yen. These measures show that Japan is implementing a fiscal tightening policy, which can reduce inflationary pressures but also pose many challenges to the economy.
Source: https://baodaknong.vn/ty-gia-yen-nhat-hom-nay-1-3-quay-dau-giam-manh-244257.html
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