Japanese Yen and Yen VCB exchange rates rebound

Domestic Yen exchange rate today 3/5/2024

Today's Japanese Yen exchange rate surveyed on the morning of March 5, 2024 at banks, specifically as follows:

At Vietcombank , the Vietcombank Japanese Yen exchange rate is 159.18 VND/JPY and the selling rate is 168.48 VND/JPY, an increase of 0.22 VND in the buying direction and an increase of 0.23 VND in the selling direction.

At Vietinbank , the Yen exchange rate decreased by 0.27 VND in both buying and selling directions, equivalent to 159.73 VND/JPY and 169.43 VND/JPY.

At BIDV Bank, the Japanese Yen exchange rate increased by 0.36 VND in buying and increased by 0.38 VND in selling, reaching 160.37 VND/JPY and 168.83 VND/JPY, respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 160.30 VND/JPY and 168.34 VND/JPY - up 0.42 VND for buying and up 0.32 VND for selling.

At Eximbank, the buying price increased by 0.59 VND and the selling price increased by 0.61 VND, respectively at 161.71 VND/JPY and 166.31 VND/JPY.

At Techcombank, the Japanese Yen exchange rate decreased by 0.09 VND in buying and decreased by 0.17 VND in selling with prices of 157.42 VND/JPY and 169.85 VND/JPY, respectively.

At Sacombank, the Japanese Yen exchange rate increased by 0.4 VND in the buying and selling directions, corresponding to the prices of 162.18 VND/JPY and 167.25 VND/JPY.

At NCB Bank, the Japanese Yen exchange rate is 160.34 VND/JPY for buying and 168.02 VND/JPY for selling (corresponding to an increase of 0.61 VND for buying and an increase of 0.55 VND for selling).

At HSBC Bank, the Japanese Yen exchange rate increased by 0.32 VND in buying and increased by 0.34 VND in selling, respectively at 160.22 VND/JPY and 167.29 VND/JPY.

According to a survey by Cong Thuong Newspaper, today's Japanese Yen exchange rate at Sacombank is the bank with the highest Japanese Yen buying rate and Eximbank is the bank with the lowest selling rate among banks .

At 5:15 a.m. on March 5, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:

*Note: Cash buying and selling rates
Day	March 5, 2024		Change from previous session
Bank	Buy	Sell	Buy	Sell
Vietcombank	159.18	168.48	+0.22	+0.23
VietinBank	159.73	169.43	-0.27	-0.27
BIDV	160.37	168.83	+0.36	+0.38
Agribank	160.30	168.34	+0.42	+0.32
Eximbank	161.71	166.31	+0.59	+0.61
Sacombank	162.18	167.25	+0.4	+0.4
Techcombank	157.42	169.85	-0.09	-0.17
NCB	160.34	168.02	+0.61	+0.55
HSBC	160.22	167.29	+0.32	+0.34
Black market rate (VND/JPY)	168.47	169.47	+0.53	+0.53

1. VCB - Updated: 03/05/2024 04:59 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	15,672.42	15,830.72	16,339.35
CANADIAN DOLLAR	CAD	17,726.80	17,905.86	18,481.15
SWISS FRANC	CHF	27,250.21	27,525.46	28,409.83
YUAN RENMINBI	CNY	3,356.14	3,390.04	3,499.49
DANISH KRONE	DKK	-	3,523.95	3,659.07
EURO	EUR	26,073.42	26,336.79	27,504.34
Sterling Pound	GBP	30,457.85	30,765.50	31,753.97
HONGKONG DOLLAR	HKD	3,072.69	3,103.72	3,203.44
INDIAN RUPEE	INR	-	296.77	308.65
YEN	JPY	159.18	160.79	168.48
KOREAN WON	KRW	16.01	17.79	19.41
KUWAITIAN DINAR	KWD	-	79,976.59	83,177.80
MALAYSIAN RINGGIT	MYR	-	5,163.09	5,275.95
NORWEGIAN KRONER	NOK	-	2,297.34	2,394.99
RUSSIAN RUBLE	RUB	-	257.03	284.54
SAUDI RIAL	SAR	-	6,559.69	6,822.25
SWEDISH KRONA	SEK	-	2,339.35	2,438.79
SINGAPORE DOLLAR	SGD	17,898.35	18,079.14	18,660.01
THAILAND	THB	608.57	676.18	702.11
US DOLLAR	USD	24,470.00	24,500.00	24,840.00

2. Vietinbank - Updated: 03/05/2024 00:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUD	AUD	15,738	15,758	16,358
CAD	CAD	17,866	17,876	18,576
CHF	CHF	27,361	27,381	28,331
CNY	CNY	-	3,358	3,498
DKK	DKK	-	3,504	3,674
EUR	EUR	#25,926	26,136	27,426
GBP	GBP	30,746	30,756	31,926
HKD	HKD	3,023	3,033	3,228
JPY	JPY	159.73	159.88	169.43
KRW	KRW	16.32	16.52	20.32
LAK	LAK	-	0.69	1.39
NOK	NOK	-	2,253	2,373
NZD	NZD	14,771	14,781	15,361
SEK	SEK	-	2,304	2,439
SGD	SGD	17,808	17,818	18,618
THB	THB	637.31	677.31	705.31
USD	USD	#24,425	24,465	24,885

On the "black market", the black market Japanese Yen exchange rate as of March 5, 2024 this morning is as follows:

Black market 05/03/2024

So is the black market Yen exchange rate up or down today?

Today, March 5, 2024, surveyed in the black market, the Japanese Yen/VND exchange rate increased by 0.53 VND in both buying and selling directions, respectively traded at 168.47 VND/JPY for buying and 169.47 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.

Yen exchange rate today March 5, 2024

Yen exchange rate trend forecast

The Japanese Yen bounced back in today's trading session. The USD/JPY pair rose today, rising about 0.2% to 150.36, supported by rising U.S. Treasury yields, with the U.S. 10-year bond back above 4.20% in morning trading in New York.

Japan is due to release its Tokyo Core CPI, considered the most important inflation gauge, on Tuesday. The index fell to 1.6% year-on-year in January, below expectations and the lowest since May 2022, but market estimates for February were 2.5%.

Inflation remains a key factor for the Bank of Japan (BoJ) as it considers exiting its ultra-loose monetary policy.

The government is considering formally announcing an end to deflation, according to a report over the weekend. That would be a largely symbolic move but could be seen by markets as another signal that Tokyo plans to phase out negative interest rates in the coming months. After years of ultra-accommodative policy, such a move would mark a major shift for the Bank of Japan and could provide a strong boost to the ailing Japanese currency.

Bank of Japan board member Hajime Takata said on Thursday that the BoJ must overhaul its ultra-loose monetary policy, including ending negative interest rates and removing controls on bond yields. Takata added that the BoJ “sees a prospect of achieving its 2% inflation target.”

The initial results of Japan's annual wage talks will be announced on March 15, followed by a BoJ meeting on March 19. The wage talks are expected to result in higher wages for workers, which could lead to higher inflation.

The BoJ is not expected to make any policy changes at its March meeting, while April or June could see a major announcement.

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling Japanese Yen in Hanoi:

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

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

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

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

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

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

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

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

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

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

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling Japanese Yen in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, HCMC

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, HCMC

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

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

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

Source: https://congthuong.vn/ty-gia-yen-nhat-hom-nay-532024-ty-gia-yen-nhat-yen-vcb-bat-tang-tro-lai-306794.html