The USD/VND exchange rate today, August 24, 2024, in the domestic market.
Today's USD exchange rate (August 24, 2024): USD VCB increased by 30 dong, while the USD decreased after Powell gave the green light for easing in September.
The central exchange rate for VND/USD today (August 24) was announced by the State Bank of Vietnam (SBV) at 24,250 VND/USD, an increase of 5 dong compared to the trading session on August 23.
Currently, the permitted exchange rate for commercial banks ranges from 23,400 to 25,450 VND/USD. The US dollar exchange rate has also been brought within the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank of Vietnam's Exchange Department.
The USD exchange rate at banks and the domestic USD price this morning recorded a series of increases at various banks. Specifically, Vietcombank's buying rate was 24,780 and the selling rate was 25,150, an increase of 30 dong in the buying rate and unchanged in the selling rate compared to the trading session on August 23rd. The current buying and selling price of USD is in the range of 24,000 – 25,500 VND/USD.
| 1. VCB – Updated: 24/08/2024 04:58 – Time of source website update | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| Australian Dollar | AUD | 16,368.48 | 16,533.82 | 17,064.69 |
| Canadian Dollar | CAD | 17,915.39 | 18,096.35 | 18,677.39 |
| SWISS FRANC | CHF | 28,624.60 | 28,913.74 | 29,842.11 |
| YUAN RENMINBI | CNY | 3,428.88 | 3,463.51 | 3,575.26 |
| DANISH KRONE | DKK | - | 3,656.88 | 3,797.02 |
| EURO | EUR | 27,082.83 | 27,356.40 | 28,568.57 |
| POUND STERLING | GBP | 31,941.05 | 32,263.68 | 33,299.61 |
| HONG KONG DOLLAR | HKD | 3,122.18 | 3,153.72 | 3,254.98 |
| INDIAN RUPEE | INR | - | 297.11 | 308.99 |
| YEN | JPY | 166.65 | 168.33 | 176.38 |
| Korean Won | KRW | 16.17 | 17.97 | 19.60 |
| KUWAITIAN DINAR | KWD | - | 81,565.75 | 84,828.87 |
| MALAYSIAN RINGGIT | MYR | - | 5,655.12 | 5,778.61 |
| NORWEGIAN KRONER | NOK | - | 2,314.49 | 2,412.81 |
| Russian Ruble | RUB | - | 259.37 | 287.13 |
| SAUDI RIAL | SAR | - | 6,639.17 | 6,904.78 |
| SWEDISH KRONA | SEK | - | 2,394.29 | 2,496.01 |
| SINGAPORE DOLLAR | SGD | 18,625.37 | 18,813.51 | 19,417.57 |
| THAILAND BAHT | THB | 644.47 | 716.08 | 743.52 |
| US DOLLAR | cau | 24,780.00 | 24,810.00 | 25,150.00 |
| 2. Agribank – Updated: 01/01/1970 08:00 – Time of website source supply | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| cau | cau | 24,810.00 | 24,830.00 | 25,170.00 |
| EUR | EUR | 27,262.00 | 27,371.00 | 28,501.00 |
| GBP | GBP | 32,126.00 | 32,255.00 | 33,251.00 |
| HKD | HKD | 3,141.00 | 3,154.00 | 3,260.00 |
| CHF | CHF | 28,798.00 | 28,914.00 | 29,824.00 |
| JPY | JPY | 167.32 | 167.99 | 175.83 |
| AUD | AUD | 16,458.00 | 16,524.00 | 17,035.00 |
| SGD | SGD | 18,758.00 | 18,833.00 | 19,385.00 |
| THB | THB | 707.00 | 710.00 | 741.00 |
| CAD | CAD | 18,037.00 | 18,109.00 | 18,656.00 |
| NZD | NZD | 15,119.00 | 15,628.00 | |
| KRW | KRW | 17.86 | 19.70 | |
| 3. Sacombank – Updated: 24/02/2003 07:16 – Time provided by the source website | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| cau | cau | 24820 | 24820 | 25140 |
| AUD | AUD | 16596 | 16646 | 17148 |
| CAD | CAD | 18172 | 18222 | 18682 |
| CHF | CHF | 29091 | 29141 | 29694 |
| CNY | CNY | 0 | 3464.1 | 0 |
| CZK | CZK | 0 | 1045 | 0 |
| DKK | DKK | 0 | 3687 | 0 |
| EUR | EUR | 27520 | 27570 | 28272 |
| GBP | GBP | 32525 | 32575 | 33227 |
| HKD | HKD | 0 | 3200 | 0 |
| JPY | JPY | 169.25 | 169.75 | 175.26 |
| KHR | KHR | 0 | 6,032 | 0 |
| KRW | KRW | 0 | 18.4 | 0 |
| LAK | LAK | 0 | 0.9845 | 0 |
| MYR | MYR | 0 | 5856 | 0 |
| NOK | NOK | 0 | 2352 | 0 |
| NZD | NZD | 0 | 15162 | 0 |
| PHP | PHP | 0 | 410 | 0 |
| SEK | SEK | 0 | 2406 | 0 |
| SGD | SGD | 18895 | 18945 | 19497 |
| THB | THB | 0 | 688.6 | 0 |
| TWD | TWD | 0 | 772 | 0 |
| BAD | BAD | 7950000 | 7950000 | 8,100,000 |
| XBJ | XBJ | 7,300,000 | 7,300,000 | 7620000 |
In the "black market," the USD exchange rate as of 5:30 AM on August 24, 2024, is as follows:
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| The black market on August 24, 2024. Photo: Chogia.vn |
Today's USD exchange rate on the world market (August 24, 2024)
The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 100.68 points, down 0.84 points from the trading session on August 23, 2024.
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The US dollar fell today and the British pound rose to its highest level in more than two years after Federal Reserve Chairman Jerome Powell gave a clear signal that the long-awaited US interest rate cut will take place next month.
The weak US dollar also caused the euro to reach a 13-month high and the US currency to hit a 17-day low against the yen.
In a keynote speech at the Kansas City Federal Reserve's annual economic conference in Jackson Hole, Wyoming, Powell stated, " It's time for policy adjustments ," as the risk of rising inflation has decreased and the risk of job losses has increased.
“ We are not seeking or welcoming further cooling in the labor market. We will do everything we can to support a strong labor market as we make further progress toward price stability. With appropriate policy easing, there is good reason to believe the economy will return to 2% inflation while maintaining a strong labor market ,” Powell said.
Traders on Friday continued to bet on a 0.25 percentage point interest rate cut at the Fed's September 17-18 meeting, bringing the odds to 65% after Powell's remarks. But they priced in a 50 basis point cut at around one-third, up from a probability of over one-quarter earlier.
The euro and the yen rose. This weakened the USD index, which measures the greenback against a basket of six currencies that includes both of them. The index had fallen 0.81% from the end of Thursday to 100.64, having risen slightly before Powell's speech.
“ I think the market reaction, a slightly weaker dollar, slightly lower bond yields, is pretty accurate. Unlike what he said, we’re not going to do three 50-day cuts to start an easing cycle, ” said Steve Englander, head of G10 FX research at Standard Chartered Bank in New York.
“ The implication is that it opens the door to 50 at some point without giving a specific timeframe. We still don’t think 50 (basis points) will be the first move, but it could happen quickly if the labor market continues to weaken, ” he said, alluding to the Fed chairman’s comments on inflation and employment.
A move in September would allow the Fed to move away from the restrictive interest rate policy it has been in place since it began raising interest rates to combat inflation in March 2022, raising the federal funds target range from around 0 to 5.25%-5.5%, a level that has remained in place since July 2023.
Later, Federal Reserve Bank of Chicago President Austan Goolsbee said in an interview with CNBC that while he wasn't ready to explicitly call for a central bank interest rate cut, the current monetary policy was quite tight and inappropriate for the current economic conditions.
Uto Shinohara, managing director and senior investment strategist at Mesirow in Chicago, said: “ FX is a relative game, so expectations that the Fed will soon cut interest rates along with other major banks are causing the dollar to depreciate .”
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| USD exchange rate on August 24, 2024. (Illustrative image) |
| Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi: 1. Quoc Trinh Ha Trung Gold Shop – 27 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 2. Gold and Silver Fine Arts – No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 3. Minh Chien Gold and Silver Store – No. 119 Cau Giay, Cau Giay District, Hanoi 4. Thinh Quang Gold and Silver Company – 43 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 5. Toan Thuy Store – 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi 6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Hai Ba Trung District, Hanoi 7. Chinh Quang Store – No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 8. Kim Linh 3 Store – 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi 9. Huy Khoi Store – No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB Check out these popular foreign currency exchange and USD buying/selling locations in Ho Chi Minh City: 1. Minh Thu Foreign Exchange – 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City 2. Kim Mai Gold Shop – 84 Cong Quynh, District 1, HCMC 3. Kim Chau Gold Shop – 784 Dien Bien Phu, Ward 10, District 10, Ho Chi Minh City 4. Saigon Jewelry Center – 40-42 Phan Boi Chau, District 1, HCMC 5. Kim Hung foreign currency exchange agency – No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City 6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC 7. Kim Tam Hai Shop – No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC 8. Bich Thuy Gold Shop – No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC 9. Ha Tam Gold Shop – No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC 10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank |
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