Japanese Yen exchange rate today September 1, 2024: Slight increase of 5 VND, reaching 176.39 JPY/VND
Japanese Yen exchange rate today September 1, 2024: Domestic Yen exchange rate increased slightly by 5 VND compared to yesterday
Domestic Yen exchange rate today 9/1/2024
Today's Japanese Yen exchange rate surveyed on the morning of September 1, 2024 at banks, specifically as follows:
At Vietcombank, the Vietcombank Japanese Yen exchange rate is 167.07 VND/JPY and the selling rate is 175.91 VND/JPY.
At Vietinbank, the Yen exchange rate is equivalent to 168.26 VND/JPY.
At BIDV bank, the Japanese Yen exchange rate reached 167.95 VND/JPY and 176.22 VND/JPY respectively.
At Agribank, the Japanese Yen buying and selling rates are 167.38 VND/JPY and 175.81 VND/JPY, respectively.
At Eximbank, the buying and selling rates are 168.53 VND/JPY and 174.88 VND/JPY, respectively.
At Techcombank, the Japanese Yen exchange rate is 164.41 VND/JPY and 173.91 VND/JPY respectively.
At Sacombank, the Japanese Yen exchange rate is 169.55 VND/JPY and 175.56 VND/JPY respectively.
At NCB bank, the Japanese Yen exchange rate is 167.10 VND/JPY for buying and 175.38 VND/JPY for selling.
At HSBC bank, the Japanese Yen exchange rate is 167.62 VND/JPY and 175.01 VND/JPY respectively.
According to a survey by Nghe An Newspaper, VietinBank is the bank with the highest buying rate of Japanese Yen and VietABank is the bank with the lowest selling rate among banks.
At 6:00 a.m. on September 1, 2024, the summary table of Yen/VND exchange rates at some banks is as follows:
| Bank | Cash purchase | Buy transfer | Counter | Sell by transfer |
| ABBank | 166.73 | 167.40 | 176.57 | 177.10 |
| ACB | 166.43 | 167.27 | 173.76 | 173.76 |
| Agribank | 167.38 | 168.05 | 175.81 | |
| Bao Viet | 166.42 | 176.40 | ||
| BIDV | 167.95 | 168.22 | 176.22 | |
| CBBank | 168.24 | 169.09 | 175.50 | |
| East Asia | 166.60 | 169.90 | 174.10 | 174.10 |
| Eximbank | 168.53 | 169.04 | 174.88 | |
| GPBank | 169.36 | |||
| HDBank | 169.20 | 169.78 | 174.14 | |
| Hong Leong | 166.22 | 167.92 | 173.17 | |
| HSBC | 167.62 | 168.83 | 175.01 | 175.01 |
| Indovina | 167.90 | 169.80 | 174.89 | |
| Kien Long | 165.64 | 167.34 | 174.90 | |
| Lien Viet | 168.46 | 174.50 | ||
| MSB | 167.00 | 167.00 | 175.70 | 175.70 |
| MB | 165.07 | 167.07 | 174.71 | 174.71 |
| South Asia | 165.10 | 168.10 | 172.57 | |
| NCB | 167.10 | 168.30 | 175.38 | 176.18 |
| OCB | 168.41 | 169.91 | 174.46 | 173.96 |
| OceanBank | 168.46 | 174.50 | ||
| PGBank | 169.28 | 175.10 | ||
| PublicBank | 166.00 | 168.00 | 177.00 | 177.00 |
| PVcomBank | 169.00 | 166.88 | 174.00 | 174.00 |
| Sacombank | 169.55 | 170.05 | 175.56 | 175.06 |
| Saigonbank | 168.37 | 169.22 | 177.17 | |
| SCB | 167.60 | 167.60 | 177.30 | 176.30 |
| SeABank | 166.66 | 168.56 | 176.16 | 175.66 |
| SHB | 167.82 | 168.82 | 174.32 | |
| Techcombank | 163.41 | 167.60 | 173.91 | |
| TPB | 164.17 | 168.32 | 177.18 | |
| UOB | 166.54 | 168.26 | 175.49 | |
| VIB | 167.43 | 168.83 | 176.03 | 175.03 |
| VietABank | 166.65 | 168.35 | 171.87 | |
| VietBank | 168.94 | 169.45 | 174.62 | |
| VietCapitalBank | 166.64 | 168.32 | 176.77 | |
| Vietcombank | 166.07 | 167.74 | 175.91 | |
| VietinBank | 168.26 | 175.71 | ||
| VPBank | 166.49 | 166.99 | 173.83 | |
| VRB | 168.25 | 168.52 | 176.53 |
The Japanese Yen has recently strengthened against the US dollar, surpassing the rate that many Japanese companies use to predict their profits.
This rise could force Japanese exporters to cut their profit forecasts, affecting the recovery of the Japanese stock market.
The Bank of Japan and the US Federal Reserve have shown strong signs of interest rate adjustments, sending the yen up 3.5% against the dollar since late July.
Analysts predict that by the end of this year, the exchange rate could be 135 yen to the US dollar, much higher than the average forecast of 9,000 businesses of 144.77 yen/dollar.
The higher rate also beat forecasts from major exporters like Toyota and Honda. Every time the yen appreciates against the dollar, Japanese companies' profits fall by about 0.4-0.6%.
The yen has traded higher than expected this week and is well off its near four-decade low of 161.95 yen per dollar hit in early July.
Japan's export-dependent auto industry faces the risk of missing out on profits due to the yen's rise. Toyota and Honda have given conservative exchange rate forecasts, but the potential for profits could be much higher than expected if the exchange rate remains high.