USD exchange rate today March 23, 3, VCB USD continues to increase in price by 2024 VND in both buying and selling directions, while world USD continues to increase rapidly.
The central exchange rate VND/USD today (March 23) was announced by the State Bank (SBV) to be adjusted to 3 VND/USD, an increase of 24.003 VND compared to the trading session on March 4.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23.400 - 25.153 VND/USD. The US Dollar exchange rate has also been brought to the trading range from 23.400 to 25.153 VND/USD by the SBV Exchange.
USD exchange rate today in the world
On the world market, 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 are starting to cut interest rates or reveal their intention to cut interest rates, with June possibly being the time when the Central Bank Europe is starting to take action.
Phillip Streible, Chief Market Strategist at Blue Line Futures, said that the decline in the Swiss currency helped push the USD index to high levels.
The Fed has kept overnight interest rates at a range of 5,25%-5,5% with the possibility of three cuts by the end of this year. But they also said they will not cut until they are confident that inflation is falling sustainably toward the 3% target.
Traders are currently pricing in a 72% chance that the Fed will start cutting interest rates in June, up from 6% before the rate decision.
Bank USD exchange rates, foreign exchange rates and domestic dollar prices this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank had a buying level of 24.580 and a selling level of 24.950, maintaining an increase of 40 VND compared to the trading session on March 22. The current USD buying and selling price ranges from 3 - 23.400 VND/USD.
