The US dollar continues to appreciate.

USD exchange rate today, October 24, 2024: The US dollar continues to appreciate, reaching its highest level in 3 months against the Yen due to the strength of the US economy ...

USD exchange rate today, October 24, 2024

Today, October 24, 2024, the USD exchange rate rose above 153 against the Yen for the first time in nearly three months due to the strength of the US economy and expectations of divergence in the pace of interest rate cuts by major global central banks.

At the opening of today's trading session, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 10 dong, currently standing at 24,250 dong.

Currently, the permitted exchange rate for commercial banks ranges from 23,400 to 25,450 VND/USD. The USD 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 Vietcombank is currently 25,190 – 25,462 VND for buying and selling. The current buying and selling price of USD is in the range of 24,000 - 25,500 VND/USD.

1. VCB - Updated: 24/10/2024 15:00 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,440.01	16,606.08	17,138.80
Canadian Dollar	CAD	17,912.93	18,093.87	18,674.33
SWISS FRANCE	CHF	28,583.37	28,872.09	29,798.31
YUAN RENMINBI	CNY	3,475.64	3,510.75	3,623.37
DANISH KRONE	DKK	But	3,607.43	3,745.57
EURO	CZ	26,710.07	26,979.87	28,174.60
POUND STERLING	GBP	32,001.08	32,324.33	33,361.30
HONG KONG DOLLAR	HKD	3,187.58	3,219.78	3,323.07
INDIAN RUPEE	INR	But	301.42	313.47
YEN	rush	160.64	162.26	169.98
Korean Won	KRW	15.91	17.68	19.19
KUWAITI DINAR	KWD	But	82,781.19	86,090.60
MALAYSIAN RINGGIT	MYR	But	5,785.64	5,911.82
NORWEGIAN KRONER	NOK	But	2,270.33	2,366.72
RUSSIAN RUBLE	RUB	But	251.90	278.85
SAUDI RIAL	SAR	But	6,747.80	7,017.56
SWEDISH KRONA	SEK	But	2,352.09	2,451.95
SINGAPORE DOLLAR	SGD	18,739.79	18,929.08	19,536.33
THAILAND BAHT	THB	664.70	738.56	766.84
US DOLLAR	cau	25,203.00	25,233.00	25,473.00

2. Agribank - Updated: 01/01/1970 08:00 - Time provided by the website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,215.00	25,233.00	25,473.00
CZ	CZ	26,857.00	26,965.00	28,052.00
GBP	GBP	32,203.00	32,332.00	33,278.00
HKD	HKD	3,204.00	3,217.00	3,318.00
CHF	CHF	28,760.00	28,876.00	29,722.00
rush	rush	162.49	163.14	170.14
AUD	AUD	16,549.00	16,615.00	17,101.00
SGD	SGD	18,873.00	18,949.00	19,466.00
THB	THB	732.00	735.00	766.00
CAD	CAD	18,035.00	18,107.00	18,616.00
NZD	NZD		15,014.00	15,499.00
KRW	KRW		17.63	19.37

3. Sacombank - Updated: 25/11/2002 07:16 - Time provided by the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25200	25200	25473
AUD	AUD	16549	16649	17219
CAD	CAD	18026	18126	18677
CHF	CHF	28913	28943	29737
CNY	CNY	0	3534.8	0
CZK	CZK	0	1040	0
DKK	DKK	0	3670	0
CZ	CZ	26918	27018	27890
GBP	GBP	32399	32449	33552
HKD	HKD	0	3280	0
rush	rush	164.02	164.52	171.03
KHR	KHR	0	6,032	0
KRW	KRW	0	18	0
LAK	LAK	0	1,054	0
MYR	MYR	0	6027	0
NOK	NOK	0	2312	0
NZD	NZD	0	15097	0
PHP	PHP	0	415	0
SEK	SEK	0	2398	0
SGD	SGD	18850	18980	19701
THB	THB	0	697.3	0
TWD	TWD	0	790	0
BAD	BAD	8,700,000	8,700,000	8,900,000
XBJ	XBJ	8200000	8200000	8850000

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

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

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

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 104.41 points, up 0.85 points from the trading session on October 23, 2024.

The DXY index's performance over the past period.

The US dollar rose above 153 against the yen today for the first time in nearly three months, driven by the strength of the US economy and expectations of divergence in the pace of interest rate cuts by major global central banks.

The greenback is on track for its 16th gain in 18 sessions and its fourth consecutive weekly gain as a series of positive economic data dampened expectations about the size and speed of Federal Reserve interest rate cuts, which pushed U.S. Treasury yields higher.

The yield on the benchmark 10-year U.S. Treasury bond rose 3.4 basis points (bps) to 4.24%, after hitting a three-month high of 4.26%. Following five consecutive months of declines, the 10-year yield has gained approximately 40 basis points in October. Investors are also positioning themselves ahead of the U.S. presidential election on November 5th.

George Vessey, chief foreign exchange strategist at Convera in London, said: " We've moved from phase one to phase two, if you like, phase one is that the recovery will depend on the US economy, the strong data we've had over the past month or so... and this second phase could depend on politics. But the stronger USD trend in the short term could stem more from Trump's risk-averse moves than from the interest rate story, which may be overhyped, but even so, we still see yields continuing to rise ."

The US dollar index, a measure of the greenback against a basket of currencies, rose 0.32% to 104.43, after climbing to 104.57, its highest level since July 30. The euro fell 0.18% to $1.0778 after dropping to $1.076, its lowest level since July 3. The British pound declined 0.49% to $1.2919.

Recent comments from Fed officials suggest the central bank will implement interest rate cuts in stages.

The central bank's "Beige Book," released on Wednesday, showed little change in economic activity from September to early October, while companies saw an increase in hiring, continuing a recent trend that bolstered expectations the Fed will implement a smaller rate cut of less than 25 basis points at its November meeting.

According to CME's FedWatch Tool, the market is pricing in an 88.9% chance that the Fed will cut rates by 25 basis points at its November meeting, with an 11.1% chance that the central bank will keep rates unchanged. The market had already fully priced in a cut of at least 25 basis points a month ago, with a 53% chance of a 50 basis point cut.

The upcoming US presidential election is also driving currency volatility, as market expectations in recent days for a victory by the Republican presidential candidate and former President Donald Trump have been rising, potentially leading to inflationary policies such as tariffs.

The Bank of Canada on Wednesday cut its key benchmark interest rate by 50 basis points to 3.75%, as widely anticipated by the market—its first larger-than-normal move in more than four years—and praised signs that the country has returned to a period of low inflation. The Canadian dollar weakened by 0.14% against the greenback to 1.38 per dollar.

European Central Bank (ECB) President Christine Lagarde said the central bank will need to be cautious when deciding whether to further cut interest rates and will base its decision on upcoming data.

In addition, ECB chief economist Philip Lane said that the relatively weak recent data stream on the eurozone economy has raised questions about the bloc's outlook, but the European Central Bank still expects a recovery to occur.

Against the Japanese yen, the US dollar rose 0.99% to 152.56, heading for its biggest daily percentage gain since October 4, after climbing to 153.18, its highest level since July 31, when the Bank of Japan raised interest rates to their highest level since 2007.

Japan is preparing to hold a general election on October 27. Recent opinion polls suggest that the ruling Liberal Democratic Party may lose its majority to its coalition partner, Komeito.

The risk of forming a minority coalition government has raised the prospect of political instability, further complicating the Bank of Japan's efforts to reduce its reliance on monetary stimulus.

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

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-24102024-dong-usd-tiep-tuc-tang-gia-354356.html