USD leaves 8-month peak, Japanese Yen stands out

Foreign exchange rates, USD/VND exchange rate today, August 27, recorded that the USD has increased from the lowest level in 8 months, while the Japanese Yen also increased compared to most currencies.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: August 27, 2024 11:29 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
Australian Dollar	AUD	16,400.75	16,566.42	17,098.50
Canadian Dollar	CAD	17,951.72	18,133.05	18,715.45
SWISS FRANC	CHF	28,563.40	28,851.92	29,778.60
YUAN RENMINBI	CNY	3,412.91	3,447.39	3,558.65
DANISH KRONE	DKK	-	3,648.56	3,788.42
EURO	EUR	27,019.27	27,292.19	28,501.80
Sterling Pound	GBP	31,903.93	32,226.19	33,261.24
HONG KONG DOLLAR	HKD	3,102.58	3,133.92	3,234.58
INDIAN RUPEE	INR	-	295.11	306.92
YEN	JPY	166.27	167.95	175.98
Korean Won	KRW	16.14	17.93	19.56
KUWAITIAN DINAR	KWD	-	81,049.03	84,292.29
MALAYSIAN RINGGIT	MYR	-	5,641.79	5,765.05
NORWEGIAN KRONER	NOK	-	2,307.54	2,405.60
Russian Ruble	RUB	-	258.25	285.89
SAUDI RIAL	SAR	-	6,599.10	6,863.17
SWEDISH KRONA	SEK	-	2,382.46	2,483.71
SINGAPORE DOLLAR	SGD	18,556.03	18,743.46	19,345.47
THAILAND BAHT	THB	644.18	715.75	743.19
US DOLLAR	USD	24,630.00	24,660.00	25,000.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:30 a.m. on August 27, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,254 VND.

The reference USD exchange rate at the State Bank's Transaction Office is listed at: 23,400 VND - 25,450 VND.

USD exchange rates at commercial banks buying and selling are as follows:

Vietcombank: 24,680 VND - 25,050 VND.

Vietinbank : 24,570 VND - 25,020 VND.

Foreign exchange rates, USD/VND exchange rate today August 27: USD leaves 8-month peak, Japanese Yen stands out. (Source: CNBC)

Exchange rate developments in the world market

The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 100.86, up slightly by 0.14%.

The US dollar rose from an eight-month low, while the Japanese yen gained against most currencies, as rising geopolitical tensions in the Middle East prompted investors to seek safe-haven assets.

Trading volumes were lower than usual, with UK markets closed for a holiday.

“Geopolitical tensions are certainly a factor that is helping to boost safe-haven demand for the greenback,” said Amo Sahota, CEO at Klarity FX in San Francisco.

Against the yen, the dollar was flat or slightly up at 144.51. It had earlier fallen to a three-week low of 143.45.

Meanwhile, the euro fell against the Japanese currency, down 0.1% to 161.45 Yen.

The yen has generally strengthened more than other currencies, especially against the dollar, said Helen Given, a foreign exchange trader at Monex USA in Washington. The currency continues to benefit from an expected US interest rate cut next month, which Federal Reserve Chairman Jerome Powell confirmed late last week in a speech at the Jackson Hole, Wyoming, conference.

That prompted traders to bet on a 25 basis point rate cut in September, even fueling expectations of a 50 basis point rate cut.

The euro fell 0.3% against the dollar to $1.1161.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-278-dong-usd-roi-dinh-8-thang-yen-nhat-noi-troi-283981.html