How much is 1 USD in VND today?
The central exchange rate is listed by the State Bank at 23,923 VND/USD.
Today's black market USD exchange rate is at 24,0780 - 24,450 VND (buy - sell).
Vietcombank USD exchange rate today is listed at 24,080 VND - 24,450 VND (buy - sell).
Vietcombank Euro exchange rate is currently at 25,781 VND - 27,197 VND (buy - sell).
The current Japanese Yen exchange rate is 159.30 VND - 168.63 VND (buy - sell).
The current British Pound exchange rate is 29,888 VND - 31,161 VND (buy - sell).
Today's Yuan exchange rate is at 3,331 VND - 3,474 VND (buy - sell).
USD price today
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded 103.30 points.
The US dollar continued to fall. Federal Reserve Chairman Jerome Powell expressed caution about further interest rate moves, saying that policy factors now better balanced risks.
Markets viewed Mr Powell's comments as dovish.
The Fed's monetary policy is slowing the US economy as expected, the leader said. Interest rates are currently "in a limited range". However, Mr. Powell noted that the Fed is still ready to tighten policy further if needed.
The dollar index fell 0.2 percent to 103.23 after ending November with its weakest monthly performance in a year. The index is expected to end the week at a lower low for the third consecutive week.
According to Mr. Powell's comments, the market now rates a 64% chance that the Fed will cut interest rates before its March 2024 meeting. For the May meeting next year, the chance of a US interest rate cut has increased from 76% to 90%.
The Fed Chairman's remarks came after US manufacturing data remained weak in November. This was the basis for Mr. Powell to comment that the Fed's interest rate hikes had begun to slow down the US economy.
The Institute for Supply Management (ISM) said its manufacturing PMI index was unchanged at 46.7 in November. This was the 13th consecutive month the PMI remained below 50, another indicator of contraction in manufacturing activity.
Weaker inflation data from the US and the euro zone has reinforced expectations that interest rates in both regions have peaked.
Goldman Sachs expects the European Central Bank (ECB) to make its first interest rate cut in the second quarter of 2024. Previously, the bank said that interest rates in the EU would be cut in the third quarter of next year.
European economic data did not provide a positive signal for the euro. Manufacturing activity remained weak. The UK also reported that its manufacturing activity may have contracted.
The euro was last down 0.1% at 1.0874 EUR/USD following comments from the Fed Chairman.
The pound rose 0.5% to 1.2699 GBP/USD.
In Asia, the yen received further positive signals as it rose 0.9%, narrowing the JPY/USD exchange rate to 146.855. The yen is on track for a third consecutive weekly gain, escaping a near 33-year low of 151.92 yen/USD hit in mid-November.
Source
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