Japanese Yen Hits 8-Week High, Domestic USD Rises Rapidly

Foreign exchange rates, USD/VND exchange rate today February 7 recorded USD slightly increased compared to other currencies but still fluctuated near the lowest level since the beginning of last week.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: February 7, 2025 09:00 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,060	25,090	25,430
EUR	EUR	25,679	25,782	26,869
GBP	GBP	30,781	30,905	31,883
HKD	HKD	3,178	3,191	3,297
CHF	CHF	27,350	27,460	28,334
JPY	JPY	162.88	163.53	170.69
AUD	AUD	15,560	15,622	16,139
SGD	SGD	18,361	18,435	18,963
THB	THB	728	731	763
CAD	CAD	17,326	17,396	17,905
NZD	NZD		14,099	14,596
KRW	KRW		16.68	18.42

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:00 a.m. on February 7, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 30 VND, currently at 24,425 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,060 - 25,450 VND.

Vietinbank: 24,940 - 25,520 VND.

Foreign exchange rates, USD/VND exchange rate today, February 7: Japanese Yen hits 8-week high, domestic USD increases rapidly. (Source: 24 News)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.12% to 107.70.

The US dollar edged up against other currencies but remained near its lowest level since early last week.

Meanwhile, the Japanese Yen hit an eight-week high against the USD in the last trading session.

Specifically, the Japanese Yen increased to 151.81 Yen/USD - the highest level since December 12 after Bank of Japan (BoJ) board member Naoki Tamura said that the central bank may have to raise interest rates by at least 1% until the second half of 2025 when price risks increase.

The Japanese currency closed the trading session at 151.335 Yen/USD, up 0.82% from the previous trading session.

Markets are currently pricing in a 25 basis point BoJ rate hike in September.

“Tamura is known for his hawkish views on monetary policy, and his initial comments prompted the market to buy the Japanese yen,” said Shoki Omori, a strategist at Mizuho Securities.

In addition, the British pound fell 0.54% to $1.2438. The euro fell slightly by 0.19% to $1.0382.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-72-yen-nhat-cham-muc-cao-nhat-8-tuan-usd-trong-nuoc-tang-nhanh-303380.html