US dollar hits 10-week high

USD exchange rate today 10/15/2024

USD exchange rate today October 15, 2024, USD increased to the highest level in 10 weeks; Euro, Chinese Yuan decreased.

Opening today's trading session, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 14 VND, currently at 24,161 VND.

Currently, the permitted exchange rate of commercial banks fluctuates from 23,400 - 25,450 VND/USD. The USD exchange rate has also been brought to the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank of Vietnam.

The USD exchange rate at Vietcombank is currently at 24,630 - 25,020 VND. The current USD buying and selling prices are between 24,000 - 25,500 VND/USD.

1. VCB – Updated: 10/15/2024 04:27 – Time of the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,293.61	16,458.19	16,986.79
CANADIAN DOLLAR	CAD	17,569.25	17,746.72	18,316.70
SWISS FRANC	CHF	28,211.94	28,496.91	29,412.16
YUAN RENMINBI	CNY	3,421.14	3,455.70	3,566.69
DANISH KRONE	DKK	–	3,569.92	3,706.76
EURO	EUR	26,439.60	26,706.67	27,890.30
Sterling Pound	GBP	31,592.47	31,911.58	32,936.50
HONGKONG DOLLAR	HKD	3,114.90	3,146.36	3,247.41
INDIAN RUPEE	INR	–	294.60	306.38
YEN	JPY	160.56	162.18	169.90
KOREAN WON	KRW	15.83	17.59	19.09
KUWAITIAN DINAR	KWD	–	80,922.77	84,160.92
MALAYSIAN RINGGIT	MYR	–	5,722.93	5,847.95
NORWEGIAN KRONER	NOK	–	2,267.28	2,363.62
RUSSIAN RUBLE	RUB	–	246.76	273.17
SAUDI RIAL	SAR	–	6,597.54	6,861.54
SWEDISH KRONA	SEK	–	2,343.37	2,442.95
SINGAPORE DOLLAR	SGD	18,525.15	18,712.28	19,313.27
THAILAND	THB	660.34	733.71	761.83
US DOLLAR	USD	24,630.00	24,660.00	25,020.00

2. Agribank – Updated: 01/01/1970 08:00 – Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	24,630.00	24,650.00	24,990.00
EUR	EUR	26,563.00	26,670.00	27,788.00
GBP	GBP	31,760.00	31,888.00	32,878.00
HKD	HKD	3,128.00	3,141.00	3,246.00
CHF	CHF	28,358.00	28,472.00	29,367.00
JPY	JPY	162.31	162.96	170.38
AUD	AUD	16,382.00	16,448.00	16,957.00
SGD	SGD	18,656.00	18,731.00	19,282.00
THB	THB	726.00	729.00	762.00
CAD	CAD	17,670.00	17,741.00	18,276.00
NZD	NZD		14,866.00	15,371.00
KRW	KRW		17.57	19.37

3. Sacombank – Updated: 10/07/2005 07:16 – Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	24665	24665	25025
AUD	AUD	16363	16463	17026
CAD	CAD	17667	17767	18318
CHF	CHF	28496	28526	29320
CNY	CNY	0	3474.2	0
CZK	CZK	0	1028	0
DKK	DKK	0	3644	0
EUR	EUR	26708	26808	27681
GBP	GBP	31943	31993	33095
HKD	HKD	0	3180	0
JPY	JPY	163.33	163.83	170.34
KHR	KHR	0	6,032	0
KRW	KRW	0	18.1	0
LAK	LAK	0	1.0501	0
MYR	MYR	0	6104	0
NOK	NOK	0	2300	0
NZD	NZD	0	14921	0
PHP	PHP	0	420	0
SEK	SEK	0	2395	0
SGD	SGD	18629	18759	19497
THB	THB	0	693.1	0
TWD	TWD	0	768	0
XAU	XAU	8300000	8300000	8500000
XBJ	XBJ	7700000	7700000	8200000

In the "black market", the black market USD exchange rate as of 5:00 a.m. on October 15, 2024 is as follows:

Black market on October 15, 2024. Photo: Chogia.vn

USD exchange rate today October 15, 2024 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 103.21 points, up 0.68 points compared to trading on October 14, 2024.

DXY index developments in recent times.

The dollar hit a 10-week high on Thursday in thin trading, extending a multi-week winning streak as data showed the economy was slowing slightly, in line with expectations the Federal Reserve will cut interest rates moderately.

Trading volumes were low with several markets, including Japan and Canada, closed on Monday. The U.S. bond market was closed for Indigenous Peoples Day. The greenback rose against the Chinese yuan after China’s weekend stimulus announcement disappointed investors.

The dollar index, which measures the greenback against six major currencies, rose to 103.36, its highest since August 8. It was last up 0.2% at 103.23, while the euro fell to a 10-week low below $1.09 and was last down 0.3% at $1.0902.

The European Central Bank is expected to cut interest rates this week, but the Fed remains the market’s focus. US interest rate futures markets have priced in an 87% chance of a 25 basis point Fed rate cut at its November meeting and a 13% chance of a pause and keeping the fed funds rate at its target range of 4.75% to 5%, according to LSEG estimates.

The Federal Reserve cut interest rates by a dramatic 50 basis points at its most recent policy meeting about four weeks ago.

For the rest of the year, the futures market expects about 45 basis points of rate cuts and another 98.5 basis points of rate cuts in 2025. That’s well below the roughly 200 basis points of cuts the market had been implying ahead of the September Fed meeting and a breakthrough U.S. nonfarm payrolls report, which reset easing expectations to a much shallower cycle than previously thought.

Expectations of fewer rate cuts have supported the dollar in recent weeks, but that correction is likely coming to an end, analysts said.

“I suspect that (the rate adjustment) is over and we’re back in a downtrend. But I think there’s still some upside. We could end up at $1.09 for the euro or $1.30 for the pound. But I’m looking ahead and the next U.S. jobs number is around 120,000. That’s going to be a weak number, ” said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.

Minneapolis Fed President Neel Kashkari on Monday reinforced market views of the U.S. central bank's easing policy.

“ As of now, it appears that further modest cuts in policy rates over the coming quarters would be appropriate to achieve both of our objectives ,” Kashkari said at a conference of the Central Bank of the Republic of Argentina, referring to the Fed’s mission of keeping unemployment and inflation low.