USD recovers, Euro falls

USD exchange rate today December 24, 2024: USD recovered while Euro decreased because market developments raised expectations of interest rate cuts next year.

USD exchange rate today 12/24/2024

At the time of survey at 5:00 a.m. on December 24, the central exchange rate at the State Bank was 24,315 VND/USD, down 9 VND from the previous trading session. The USD selling price at commercial banks remained unchanged at 25,530 VND/USD. The USD Index (DXY) was 108.07, up 0.45 points from yesterday.

Specifically, at Vietcombank , the listed USD exchange rate is 25,200 - 25,530 VND/USD, buying and selling, remaining the same as announced in the previous session.

At BIDV , the USD to VND exchange rate increased by 20 VND in the buying direction and the selling price remained unchanged compared to the previous session, currently at 25,230 - 25,530 VND/USD for buying and selling. Meanwhile, Techcombank listed at 25,190 - 25,530 VND/USD, the buying price decreased by 5 VND and the selling price remained unchanged compared to the previous announcement.

At Eximbank, the USD exchange rate on Monday evening was listed at 23,788 - 25,530 VND/USD, down 19 VND for buying and unchanged for selling compared to the previous session. Meanwhile, ACB lowered the buying price by 20 VND compared to the previous session and unchanged for selling, the listed exchange rate was at 24,220 VND/USD - 25,530 VND/USD (buying - selling).

The USD/VND exchange rate on the free market at the end of today increased by 64 VND for buying and increased by 70 VND for selling, trading around 25,844 - 25,950 VND/USD.

1. Agribank - Updated: December 24, 2024 22:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,280	25,283	25,523
EUR	EUR	25,941	26,045	27,143
GBP	GBP	31,274	31,400	32,361
HKD	HKD	3,210	3,223	3,327
CHF	CHF	27,780	27,892	28,734
JPY	JPY	158.10	158.73	165.51
AUD	AUD	15,562	15,624	16,129
SGD	SGD	18,421	18,495	19,007
THB	THB	724	727	758
CAD	CAD	17,376	17,446	17,939
NZD	NZD		14,114	14,600
KRW	KRW		16.80	18.44

2. Sacombank - Updated: 11/29/2009 07:16 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25260	25260	25523
AUD	AUD	15506	15606	16173
CAD	CAD	17310	17410	17966
CHF	CHF	27840	27870	28743
CNY	CNY	0	3449.3	0
CZK	CZK	0	1000	0
DKK	DKK	0	3521	0
EUR	EUR	25974	26074	26949
GBP	GBP	31374	31424	32527
HKD	HKD	0	3271	0
JPY	JPY	158.89	159.39	165.9
KHR	KHR	0	6,032	0
KRW	KRW	0	17.1	0
LAK	LAK	0	1.122	0
MYR	MYR	0	5876	0
NOK	NOK	0	2229	0
NZD	NZD	0	14140	0
PHP	PHP	0	406	0
SEK	SEK	0	2280	0
SGD	SGD	18319	18449	19178
THB	THB	0	689.4	0
TWD	TWD	0	779	0
XAU	XAU	8270000	8270000	8430000
XBJ	XBJ	7900000	7900000	8430000

USD exchange rate today December 24, 2024. Illustration photo

In the "black market", the black market USD exchange rate as of 5:00 a.m. on December 24, 2024 is as follows:

Black market on December 24, 2024. Photo: Chogia.vn

USD exchange rate today December 24, 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 108.07, up 0.45 points compared to trading on December 23, 2024.

DXY index performance over the past period. Photo: Investing.com

The US dollar recovered today while the euro fell, as market moves were dictated by recent meetings of global central banks, which raised expectations of varying interest rate cut paths next year.

The dollar index, which measures the U.S. currency against six of its major peers, continued to rally. It suffered its biggest one-day drop in nearly a month on Friday after inflation data came in lower than expected but still above the Federal Reserve’s 2% target.

The greenback is on track for its fourth gain in five sessions, with the greenback up 1.2%.

Last week, the Fed is expected to cut interest rates at a more cautious pace than markets had expected, sending both the dollar and US Treasury yields sharply higher.

“The key factor for the dollar right now is policy divergence and (Fed Chair Jerome) Powell going from worrying more about unemployment than inflation to going back to ‘the jobs market is fine, but we’re more worried about inflation’ which is confusing the market,” said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.

Chandler doesn't expect the dollar to start weakening until markets become more dovish than the Fed again, and said a weak jobs report in early January would be a start.

The dollar index rose 0.24% to 108.05, holding a two-year high, while the euro fell 0.2% to $1.0408.

Another factor supporting investor sentiment was the US Congress passing spending legislation on Saturday, helping to avoid a government shutdown.

Economic data from the Commerce Department showed new orders for key U.S. manufactured capital goods jumped in November, driven in part by strong machinery demand, another sign that the economy remains strong heading into the new year.

However, the board said its consumer confidence index fell to 104.7 this month from an upwardly revised 112.8 in November, as enthusiasm about the US election waned and concerns about future business conditions emerged.

Traders are pricing in a 33 basis point rate cut next year, down from the two 25 basis point rate cuts the Fed projected last week. Markets are not pricing in more than a 50% chance of a rate cut by the Fed’s May meeting, according to the CME FedWatch Tool.

The eurozone is getting closer to the ECB's medium-term inflation target, European Central Bank President Christine Lagarde said in an interview published in the Financial Times on Monday.

Trading volumes are likely to be low during the shorter trading week due to the holiday season as the year draws to a close.

The dollar rose 0.43% to 157.08 against the Japanese yen. The dollar's rise, coupled with the Bank of Japan's decision to keep interest rates unchanged and comments from Governor Kazuo Ueda that Japan is less likely to raise interest rates next month, has pushed the yen back to near-weak levels, prompting the Japanese government to intervene recently to support the currency.

The pound fell 0.33% to $1.2528. The Bank of England kept interest rates unchanged on Thursday, despite a more divided vote than expected.

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, 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 - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, 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

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

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

Source: https://congthuong.vn/ty-gia-usd-hom-nay-24122024-dong-usd-phuc-hoi-dong-euro-giam-365827.html