EUR plummets, USD rises

Foreign exchange rates, the USD/VND exchange rate today, September 24th, shows a slight increase in the USD during the last trading session, while the EUR decreased.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 24/09/2024 08:57 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,390.39	16,555.95	17,087.91
Canadian Dollar	CAD	17,748.41	17,927.68	18,503.72
SWISS FRANCE	CHF	28,344.66	28,630.97	29,550.91
YUAN RENMINBI	CNY	3,422.66	3,457.23	3,568.85
DANISH KRONE	DKK	But	3,601.16	3,739.24
EURO	CZ	26,661.10	26,930.40	28,124.32
POUND STERLING	GBP	32,031.73	32,355.28	33,394.89
HONG KONG DOLLAR	HKD	3,084.08	3,115.24	3,215.33
INDIAN RUPEE	INR	But	294.13	305.90
YEN	rush	165.47	167.14	175.10
Korean Won	KRW	15.95	17.72	19.23
KUWAITI DINAR	KWD	But	80,560.19	83,784.93
MALAYSIAN RINGGIT	MYR	But	5,808.01	5,934.98
NORWEGIAN KRONER	NOK	But	2,299.99	2,397.76
RUSSIAN RUBLE	RUB	But	256.34	283.78
SAUDI RIAL	SAR	But	6,548.74	6,810.88
SWEDISH KRONA	SEK	But	2,367.23	2,467.86
SINGAPORE DOLLAR	SGD	18,595.01	18,782.84	19,386.35
THAILAND BAHT	THB	660.58	733.98	762.12
US DOLLAR	cau	24,440.00	24,470.00	24,810.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:00 AM on September 24th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,126, a decrease of 22 dong.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,282 VND.

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

Vietcombank: 24,430 VND - 24,800 VND.

Vietinbank : 24,300 VND - 24,800 VND.

Foreign exchange rates, USD/VND exchange rate today, September 24th: EUR plummets, USD gradually rises. (Source: 24 News)

Exchange rate movements in the global market.

The US Dollar Index (DXY), which measures the fluctuations of the greenback against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 100.91, up 0.91%.

The US dollar edged higher in the last trading session, while the euro fell against the dollar due to disappointing business activity reports from the Eurozone.

Gloomy data from the eurozone supports expectations that the European Central Bank will cut interest rates further this year. Markets are currently pricing in around a 77% chance of a cut of at least 25 basis points (bps) at the central bank's October meeting.

Accordingly, a survey conducted by S&P Global shows that business activity in the Eurozone declined sharply this month. The downturn is widespread, particularly in Germany. Meanwhile, the French economy has returned to a slump after being boosted in August by the Olympic Games.

Conversely, US business activity stabilized in September, but average prices for goods and services rose at the fastest pace in six months, potentially leading to increased inflation in the coming months.

This data comes after the US Federal Reserve (Fed) cut interest rates by 50 basis points last week, with some Fed officials commenting on September 23 that the move was aimed at maintaining balance in the economy.

According to S&P Global, the U.S. composite PMI, which tracks the manufacturing and services sectors, was little changed at 54.4 this month, compared with the last figure of 54.6 in August.

The DXY index briefly rose to 101.23 during the last trading session. The EUR fell 0.39% to $1.112 and is on track to record its biggest daily drop since September 9th.

The US dollar experienced its third consecutive weekly decline last week, following the Fed's interest rate cut and the expected speeches by several Fed officials this week, including Fed Chairman Jerome Powell, as well as Governors Michelle Bowman, Lisa Cook, and Adriana Kugler.

The British pound rose 0.2%, reaching $1.3345 after climbing to $1.33595, its highest level since March 3, following a similar survey showing that British businesses reported a slowdown in growth this month.

The Bank of England kept interest rates unchanged at its interest rate policy meeting last week, stating that the central bank needs to be cautious not to cut rates too quickly or too much.

Against the Japanese Yen, the US dollar weakened by 0.37%, falling to 143.38 after a holiday in Japan. The greenback had reached a two-week high of 144.50 Yen last week, after the Bank of Japan (BOJ) kept interest rates unchanged and indicated it would not rush to raise rates again.

Meanwhile, the Swiss National Bank will make policy announcements later this week, with a projected 25 basis point rate cut.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-249-eur-rot-tham-usd-tang-dan-287284.html