How much is 1 USD in VND today?
The central exchange rate is listed by the State Bank at 23,891 VND/USD.
Today's black market USD exchange rate is at 24,015 - 24,385 VND (buy - sell).
Vietcombank USD exchange rate today is listed at 24,015 VND - 24,385 VND (buy - sell).
Vietcombank Euro exchange rate is currently at 25,946 VND - 27,370 VND (buy - sell).
The current Japanese Yen exchange rate is 159.84 VND - 169.20 VND (buy - sell).
The current exchange rate of British Pound is 29,982 VND - 31,259 VND (buy - sell).
Today's Yuan exchange rate is at 3,329 VND - 3,472 VND (buy - sell).
USD price today
The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recording at 102.84 points.
The dollar rebounded from its lowest level in more than three months. The US economy grew faster in the third quarter than initially reported.
The greenback has rebounded, but is on track for its biggest monthly decline since November 2022. Speculation is growing that the Federal Reserve will cut interest rates in the first half of 2024.
“With the dollar selling off so hard over the past few weeks, some profit-taking is natural,” said Paresh Upadhyaya, a currency expert at Amundi US.
Following comments from Fed Board of Governors member Christopher Waller about the possibility of interest rate cuts in the coming months, the market is awaiting a speech from the head of the Federal Reserve - Chairman Jerome Powell this Friday.
“If the Fed believes the market has misunderstood Powell’s comments, or feels uncomfortable with the loosening of financial conditions, the Fed Chairman will have the opportunity to say the most candid things he has ever said,” Upapdhyaya said.
The dollar rose on news that U.S. gross domestic product grew at an annual rate of 5.2% in the third quarter, faster than the previously reported 4.9%, the fastest growth since the fourth quarter of 2021, the Commerce Department said.
“The GDP data has helped push the dollar up a little bit,” said Erik F. Nelson, a macroeconomic expert at Wells Fargo. “That’s a cyclical factor.”
According to the FedWatch tool, there is now a 50% chance the Fed will cut interest rates starting in March 2024. That rate was previously closer to 35%.
The USD Index was up 0.22% at 102.84 - its biggest daily gain in a week.
The euro fell 0.17 percent to 1.0973 EUR/USD, weighed down by inflation in Germany. German price growth slowed to 2.3 percent year-on-year in November. Spanish inflation also fell sharply. Eurozone-wide inflation data will be released on Thursday. Signs of weakness in the dollar are now focused on labor data.
The yen, which is particularly sensitive to US bond yields, edged up. The yen narrowed 0.09% to 147.30.
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