Dollar soars, Yen slides, USD exchange rate hits record high

How much is 1 USD in VND today?

The central exchange rate is listed by the State Bank at 24,076 VND/USD.

Today's black market USD exchange rate is at 24,160 - 24,530 VND (buy - sell).

Vietcombank USD exchange rate today is listed at: 24,160 VND - 24,530 VND (buy - sell).

Vietcombank Euro exchange rate is currently at 25,268 VND - 26,681 VND (buy - sell).

The current Japanese Yen exchange rate is 160.27 VND - 169.69 VND (buy - sell).

The British Pound exchange rate is currently at 29,070 VND - 30,308 VND (buy - sell).

Today's Yuan exchange rate is at 3,267 VND - 3,407 VND (buy - sell).

USD price today

The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recording at 105.57 points.

Foreign exchange rates today. Photo: CNBC

The yen is approaching the "alarming" level of 150 JPY/USD. Forex traders are cautious after Bank of Japan Governor Kazuo Ueda's message denied moving away from ultra-loose monetary policy.

In the currency market, the US dollar is leading the way, extending gains from last week after the Federal Reserve continued its hawkish stance, suggesting US interest rates would remain on hold longer than initially expected.

The yen is currently at a 10-month high of 148.49 yen per dollar, with the pair tipped to head toward 150, a level some experts see as a line that could trigger foreign exchange intervention from the Japanese government.

The yen fell more than 0.5% over the weekend after the BOJ decided to maintain ultra-low interest rates and maintain its dovish stance, while Governor Ueda also stressed the need to take more time to evaluate data before raising interest rates.

“That will be the intervention factor. I think the speed of change is more important than the magnitude of change… The risk of FX intervention is now higher because of all the warnings from Japanese officials. Also, there is a higher chance of a coordinated intervention by the US and Japan, because US Treasury Secretary Janet Yellen has essentially given the green light for BOJ intervention,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia.

Specifically, last week, when asked about Washington's view on Japan intervening by buying back Yen, Ms. Yellen replied that everything would "depend on the details" of the situation.

Elsewhere, the euro edged up 0.04% to 1.0649 EUR/USD. The common currency is on track to fall about 1.8% for the month, its biggest monthly decline since May.

The pound was steady at $1.2244, heading for a more than 3% fall in September, its worst month in a year.

There is now a 21% chance the Fed will raise rates by another 25 basis points at its November meeting. The USD index is currently at a 6-month high.

The AUD rate rose 0.06% to 0.6445 AUD/USD, while the NZD rate fell 0.05% to 0.5958 NZD/USD.

Source