Japanese Yen exchange rate shows signs of continued weakening; Gold price increased sharply last week

Japanese Yen Exchange Ratesigns of continued weakness

At Vietcombank, the Vietcombank Japanese Yen exchange rate is 160.44 VND/JPY and the selling rate is 169.86 VND/JPY.

At Vietinbank, the buying and selling rates were 159.98 VND/JPY and 169.68 VND/JPY, respectively. At BIDV, the buying rate was 160.75 VND/JPY and the selling rate was 169.09 VND/JPY.

At Agribank, the buying and selling rates are 162.09 VND/JPY and 166.12 VND/JPY, respectively.

At Eximbank, the buying and selling rates are 161.66 VND/JPY and 165.78 VND/JPY, respectively.

At Techcombank, the buying and selling prices were 157.42 VND/JPY and 169.71 VND/JPY, respectively. At Sacombank, the buying and selling prices were 161.6 VND/JPY and 168.12 VND/JPY, respectively.

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

USD buying and selling prices range from 23,400 - 25,300 VND/USD

The central USD/VND exchange rate today (September 18) was announced by the State Bank at 24,013 VND/USD, an increase of 18 VND compared to the listed rate on September 15.

Will the USD exchange rate continue to increase next week? Currently, 1 USD sold at Vietcombank is equal to 24,425 VND.

Currently, the USD exchange rate that commercial banks are allowed to trade is from 23,400 - 25,163 VND/USD. The selling exchange rate is also adjusted by the State Bank of Vietnam to the buying and selling range of 23,400 - 25,163 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 increased by 70 VND for the buying price of 24,085 and the selling price of 24,425. The buying and selling prices of USD are currently in the range of 23,400 - 25,300 VND/USD.

Gold prices 9999, SJC, DOJI, PNJ increased sharply last week

The price of 9999 gold, SJC, DOJI, PNJ increased sharply last week. Currently, SJC is 12,645 million VND/tael higher than the international gold price.

At the time of survey at 5:30 a.m. on September 18, 2023, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 68.10 million VND/tael for buying and 69.00 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 68.30 - 68.70 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 68.30 - 68.95 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 67.95 - 68.58 million VND/tael (buy - sell).

Domestic coffee prices remain high

Coffee prices were updated at 4:20 a.m. on September 18, 2023 as follows: Domestic coffee prices continue to improve and are at a high level, the average coffee price in the Central Highlands provinces is 67,700 VND/kg. Of which, the highest purchase price in Dak Nong province is 68,200 VND/kg, all provinces have prices increasing by 200-300 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on September 18, 2023 was VND 67,600/kg. In Dak Nong province, coffee was purchased at the highest price of VND 68,200/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 67,200 VND/kg.

In Cu M'gar district, Dak Lak province, coffee price is currently at 67,800 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 67,700 VND/kg.

The rice market is constantly fluctuating.

Over the past week, domestic rice prices have fluctuated in opposite directions, with downward adjustments at the beginning of the week. In the last two sessions of the week, rice prices have tended to increase again.

Statistics from the Ministry of Agriculture and Rural Development show that there are currently 400,000 hectares of Autumn-Winter rice ready for harvest. The upcoming Winter-Spring crop of 2023-2024 will begin planting from early October to early January 2024, divided into 4 batches with a total area of ​​nearly 1.5 million hectares, with an expected yield of more than 7.2 tons per hectare, and a total output of over 10.6 million tons.

In the export market, rice export prices remained stable today. According to the Vietnam Food Association (VFA), the export price of 5% broken rice is currently at 613-617 USD/ton and 25% broken rice fluctuates around 598-602 USD/ton.

Over the past week, rice export prices have fluctuated sharply, with a sharp decrease of 15 USD/ton. Explaining the reason for this decrease, many businesses said that the market is being interrupted for a short time to match prices. In fact, although they need goods, when prices are pushed too high, importers do not easily accept it. The general trend is that rice prices will remain high in the coming time when many countries have crop failures, and India's rice export ban is expected to last until 2024.