USD exchange rate today March 23, 2024, USD VCB continues to increase by 40 VND in both buying and selling directions, while the world USD continues to increase rapidly.
The central VND/USD exchange rate today (March 23) was announced by the State Bank of Vietnam (SBV) at 24,003 VND/USD, up 4 VND compared to the trading session on March 22.
Currently, the exchange rate allowed for trading by commercial banks (CBs) ranges from 23,400 - 25,153 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam (SBV) from 23,400 to 25,153 VND/USD.
USD exchange rate today in the world
In the world market, the USD Index reached 104.43, up 0.96% at 6:31 a.m. on March 23, Vietnam time.
The Swiss National Bank (SNB) and central banks in developing countries have started cutting interest rates or are indicating intentions to do so, with June likely to be when the European Central Bank begins to act.
Phillip Streible, chief market strategist at Blue Line Futures, said the Swiss franc's decline helped push the dollar index higher.
The Fed has kept its overnight interest rate at 5.25%-5.5% with three cuts expected by the end of the year. But it has also said it will not cut until it is confident that inflation is falling sustainably toward its 2% target.
Traders are now pricing in a 72% chance the Fed will start cutting rates in June, up from 65% before the rate decision.
The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,580 and a selling price of 24,950, maintaining an increase of 40 VND compared to the trading session on March 22. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.
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