Japanese Yen exchange rate turns to fall; Domestic gold suddenly reverses and increases sharply

Japanese Yen exchange rate turns to fall

Japanese Yen exchange rate surveyed on the morning of February 21 at banks, specifically as follows:

At Vietcombank, the buying rate is 158.38 VND/JPY and the selling rate is 167.64 VND/JPY, down 0.24 VND for buying and down 0.25 VND for selling. At Vietinbank, the Yen rate decreased 0.29 VND for buying and selling, equivalent to 159.09 VND/JPY and 168.79 VND/JPY. At BIDV, it decreased 0.37 VND for buying and selling, reaching 159.34 VND/JPY and 167.77 VND/JPY, respectively. At Agribank , the buying and selling rates are 160.07 VND/JPY and 165.67 VND/JPY - down 0.31 VND for buying and selling.

The Japanese Yen exchange rate turned to fall.

At Eximbank, the buying rate increased by 1 VND and the selling rate increased by 1.02 VND, respectively, to 163.84 VND/JPY and 168.53 VND/JPY. At Techcombank, the buying rate decreased by 0.56 VND and the selling rate decreased by 0.57 VND, respectively, to 156.47 VND/JPY and 167.44 VND/JPY. At Sacombank , the Japanese Yen exchange rate decreased by 0.47 VND in the buying and selling rates, respectively, to 161.21 VND/JPY and 166.25 VND/JPY.

According to the survey, today Eximbank is the bank with the highest buying rate of Japanese Yen and Agribank is the bank with the lowest selling rate among the banks.

Domestic USD increases, world USD decreases

The USD exchange rate today continues to increase, the world USD slightly decreased, currently fluctuating at 104 points.

The central VND/USD exchange rate announced by the State Bank is adjusted to 23,988 VND/USD, an increase of 9 VND compared to the trading session on February 20.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,137 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank Exchange from 23,400 to 25,137 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,330 and a selling price of 24,700, maintaining an increase of 20 VND compared to the trading session on February 20. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

On the global market, the Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 104.03 points – down 0.24% compared to the trading session on February 20th.

Domestic gold suddenly reversed and increased sharply

Today, domestic gold suddenly reversed and increased sharply by approximately 1 million VND/tael for buying and 200,000 VND/tael for selling, while world gold remained unchanged.

At the time of survey at 5:00 a.m. on February 21, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 75.85 million VND/tael for buying and 78.15 million VND/tael for selling.

The price of SJC gold at Bao Tin Minh Chau Co., Ltd. is also being traded at 76.25 - 78.15 million VND/ounce (buying price - selling price). Meanwhile, at Bao Tin Manh Hai Co., Ltd., it is being traded at 75.85 - 78.15 million VND/ounce (buying price - selling price).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,024,330 USD/ounce, a difference of 6,385 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 59,175 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 16,725 million VND/tael higher than the international gold price.

Rice prices continue to fall

The current price of paddy and rice in the Mekong Delta continues to decrease by 100 - 200 VND/kg for rice. Meanwhile, the price of paddy remains stable.

In the Mekong Delta region, the price of fresh rice continued to move sideways. Accordingly, in An Giang, the price of fresh rice of all kinds purchased by traders at the field was stable. Specifically, IR 504 rice was at 8,800 - 9,000 VND/kg; Dai Thom 8 rice was at 9,300 - 9,500 VND/kg; OM 18 rice was at 9,200 - 9,400 VND/kg; OM 5451 rice was at 9,200 - 9,400 VND/kg; Nang Hoa 9 remained stable at 9,400 - 9,600 VND/kg; OM 380 rice fluctuated around 8,600 - 8,800 VND/kg.

In Kien Giang, many localities such as An Bien have already harvested the winter-spring rice crop. Farmers mainly grow Dai Thom rice, with prices ranging from 8,800 to 9,000 VND/kg.

In the Mekong Delta provinces, new rice trading was slow at the beginning of the week. Rice prices fell sharply, so traders and businesses stopped buying and observed the market.

On the rice market today, prices of all types of rice continued their downward trend, falling by 100-200 VND/kg compared to yesterday. In An Giang, Kien Giang, and Dong Thap provinces, although rice is arriving in large quantities, warehouses are only buying in moderation, transactions are slow, and prices are decreasing.

On the export market, Vietnamese rice export prices have stabilized and remained unchanged after a recent upward adjustment. According to the Vietnam Food Association (VFA), the current price of 25% broken rice is 612 USD/ton; 5% broken rice is 638 USD/ton; and 100% broken rice is 533 USD/ton.

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