The US dollar recovers, the euro falls.

USD exchange rate today, December 24, 2024: The US dollar recovered while the Euro fell as market developments fueled expectations of interest rate cuts next year.

USD exchange rate today, December 24, 2024

As of 5:00 AM on December 24th, the central exchange rate at the State Bank of Vietnam was 24,315 VND/USD, a decrease of 9 VND compared to the previous trading session. The selling price of USD at commercial banks remained unchanged at 25,530 VND/USD. The USD Index (DXY) was 108.07, an increase of 0.45 points compared to yesterday.

Specifically, at Vietcombank , the listed USD exchange rate is 25,200 - 25,530 VND/USD for buying and selling, remaining unchanged from the previous session.

At BIDV bank, the USD to VND exchange rate increased by 20 dong on the buying side and remained unchanged on the selling side compared to the previous session, currently at 25,230 - 25,530 VND/USD for buying and selling. Meanwhile, Techcombank listed the rate at 25,190 - 25,530 VND/USD, with the buying price decreasing by 5 dong and the selling price remaining unchanged compared to the previous announcement.

At Eximbank, the USD exchange rate on Monday evening was listed at 23,788 - 25,530 VND/USD, a decrease of 19 VND in the buying rate and unchanged in the selling rate compared to the previous session. Meanwhile,ACB lowered its buying rate by 20 VND compared to the previous session, with the selling rate remaining unchanged, listed 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 dong in the buying rate and 70 dong in the selling rate, trading around 25,844 - 25,950 dong/USD.

1. Agribank - Updated: 24/12/2024 22:00 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,280	25,283	25,523
CZ	CZ	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
rush	rush	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: 29/11/2009 07:16 - Time provided by the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	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
CZ	CZ	25974	26074	26949
GBP	GBP	31374	31424	32527
HKD	HKD	0	3271	0
rush	rush	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
BAD	BAD	8270000	8270000	8430000
XBJ	XBJ	7,900,000	7,900,000	8430000

USD exchange rate today, December 24, 2024. (Illustrative image)

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

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

Today's USD exchange rate on the world market (December 24, 2024)

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 108.07, up 0.45 points from the trading session on December 23, 2024.

The chart shows the recent movement of the DXY index. (Image: Investing.com)

The US dollar recovered today while the euro fell, as market movements were determined by recent meetings of global central banks, raising expectations of different interest rate cut paths next year.

The US dollar index, which measures the U.S. currency against six of its largest currencies, continued its upward trend. The index had suffered its biggest one-day drop in nearly a month on Friday after inflation figures were lower than expected but still above the Federal Reserve's 2% target.

The US dollar is on track for its fourth consecutive day of gains in five sessions, rising 1.2% so far.

Last week, the Fed was expected to cut interest rates at a more cautious pace than the market had anticipated, pushing both the dollar and US Treasury yields sharply higher.

Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said: "The key factor for the dollar right now is the policy divergence and (Fed Chairman Jerome) Powell shifting from being more worried about unemployment than inflation, then back to a 'job market is fine, but we're more worried about inflation' attitude, which is confusing the market."

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

The US dollar index rose 0.24% to 108.05, holding its highest level in two years, while the euro fell 0.2% to $1.0408.

Another factor supporting investor sentiment was the US Congress's passage of spending legislation on Saturday, which averted a government shutdown.

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

However, the Board said the consumer confidence index fell to 104.7 this month from an upward-revised 112.8 in November, due to waning enthusiasm for the US election and growing concerns about future business conditions.

Traders are pricing in a 33-basis-point rate cut next year, lower than the two 25-basis-point rate cuts the Fed anticipated last week. The market isn't pricing in more than a 50% chance of a Fed rate cut until the May meeting, according to CME's FedWatch Tool.

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

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

Against the Japanese yen, the US dollar rose 0.43% to 157.08. The dollar's appreciation, coupled with the Bank of Japan keeping interest rates unchanged and comments from Governor Kazuo Ueda suggesting a reduced likelihood of a rate hike next month, has once again pushed the yen close to weak levels, prompting recent intervention by the Japanese authorities to support the currency.

The British pound fell 0.33% to $1.2528. The Bank of England kept interest rates unchanged on Thursday, despite a larger-than-expected split in the vote.

Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi:

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

2. Gold and Silver Handicrafts - No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Shop - 119 Cau Giay Street, 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 - 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

9. Huy Khoi Store - 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

10. The 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 Street, District 1, Ho Chi Minh City

3. Kim Chau Gold Shop - 784 Dien Bien Phu Street, Ward 10, District 10, Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau Street, District 1, Ho Chi Minh City

5. Kim Hung Foreign Exchange Agency - 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop - 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop - 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City

10. The 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