USD price continues to increase; Japanese Yen exchange rate shows no signs of recovery

USD price continues to increase

USD exchange rate, USD/VND exchange rate, black market USD price, VCB USD today continues to increase domestically and internationally. The world USD exchange rate is currently above 104 points.

Currently, the USD exchange rate that commercial banks are allowed to trade is from 23,400 - 25,125 VND/USD. The selling exchange rate is also adjusted by the State Bank of Vietnam to the buying and selling range of 23,400 - 25,125 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of adjustments at banks. Specifically, Vietcombank reduced the buying price by 75 VND to 23,900 VND and the selling price to 24,240 VND. The buying and selling prices of USD are currently in the range of 23,400 - 25,300 VND/USD.

Japanese Yen exchange rate shows no signs of recovery

Japanese Yen exchange rate surveyed on the morning of September 4, at banks, specifically as follows:

At Vietcombank, Vietcombank Japanese Yen has a buying rate of 160.55 VND/JPY and a selling rate of 169.96 VND/JPY.

At Vietinbank, the buying rate is 161.28 VND/JPY and the selling rate is 170.98 VND/JPY.

At BIDV bank, the buying price reached 161.03 VND/JPY, the selling price reached 169.59 VND/JPY.

At Agribank, the buying and selling rates are 162.60 VND/JPY and 166.69 VND/JPY, respectively.

At Eximbank, the buying and selling rates pushed the price to 161.57 VND/JPY for buying and 167.42 VND/JPY for selling, respectively. At Techcombank, the buying rate was 158.42 VND/JPY and the selling rate was 170.74 VND/JPY. At Sacombank, the selling rate was 162.53 VND/JPY and the buying rate was 169.11 VND/JPY.

According to a survey by PV, today's Japanese Yen exchange rate at Sacombank is the bank with the highest Japanese Yen buying rate and Agribank is the bank with the lowest selling rate among the surveyed banks.

World gold slightly decreased to 1939.6 USD/oz

World spot gold on Kitco floor at 5:45 am on September 4 on Kitco floor is 1939.6 USD/oz, down 0.3 USD/oz.

Converting world gold price according to foreign exchange rate at Vietcombank: 1 USD = 24,240 VND, world gold price is equivalent to 56.64 million VND/tael, 11.61 million VND/tael lower than SJC gold selling price on the afternoon of September 3.

In the domestic market, Saigon Jewelry Company listed the buying price of gold at 67.55 million VND/tael; the selling price was 68.25 million VND/tael, keeping the same price for both buying and selling. The difference between the buying and selling price of SJC gold is currently 700,000 VND/tael.

At the same time, DOJI Group listed the buying and selling price of gold at 67.6 - 68.3 million VND/tael, unchanged from the previous closing price. The difference between DOJI gold buying and selling prices is 700,000 VND/tael.

Prices of many types of rice increased by 200 VND/kg

Today's domestic rice prices have not changed. Last week, many rice prices increased by 200 VND/kg.

In the Mekong Delta region, the trend continues sideways as traders and warehouses are still on National Day holiday on September 2.

Specifically, at An Giang warehouse, Dai Thom 8 rice is stable at 8,000 - 8,200 VND/kg; OM 18 rice fluctuates around 8,000 - 8,200 VND/kg; Nang Hoa 9 is priced at 8,000 - 8,400 VND/kg; IR 50404 rice is stable at 7,800 - 8,000 VND/kg; OM 5451 rice is priced at 7,800 - 8,000 VND/kg; Nhat rice is 7,800 - 8,000 VND/kg.

Regarding rice, today rice prices have stabilized and remained unchanged after a downward adjustment session. Accordingly, IR 504 raw rice is stable at 12,300 - 12,350 VND/kg; IR 504 finished rice remains around 14,300 - 14,400 VND/kg.

According to traders, the amount of rice arriving today is small. The rice market is slow due to the holiday, so warehouses have stopped buying. Over the past week, the price of many rice products continued to increase by 100-200 VND/kg, while the price of rice has hardly fluctuated.

In the rice export market, according to the Vietnam Food Association (VFA), the export price of rice remains stable at around 628 - 643 USD/ton. Last week, the export price of rice continued to increase by 5 USD/ton.

With an export volume of 6-8 million tons of rice per year, Vietnam is currently in the top 3 rice exporting countries in the world, just behind India and Thailand. At some point, Vietnam even rose to the second position in the world in terms of rice export volume.

Vietnamese rice is exported to 150 countries and territories around the world; the Philippines, China and Indonesia are the three largest rice export markets of our country with market shares of 40.3%, 14% and 12.1% respectively.