Another bad week for the USD.

What is the exchange rate of 1 USD to VND today?

The central exchange rate is listed by the State Bank of Vietnam at 23,923 VND/USD.

The black market USD exchange rate today is 24,0780 - 24,450 VND (buy - sell).

Today's USD exchange rate at Vietcombank is listed at 24,080 VND - 24,450 VND (buying rate - selling rate).

The current Euro exchange rate at Vietcombank is 25,781 VND - 27,197 VND (buying rate - selling rate).

The current exchange rate for the Japanese Yen is 159.30 VND - 168.63 VND (buying rate - selling rate).

The current exchange rate for the British Pound is 29,888 VND - 31,161 VND (buying rate - selling rate).

The exchange rate for the Chinese Yuan today is 3,331 VND - 3,474 VND (buying rate - selling rate).

Today's USD exchange rate

The US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded a level of 103.30 points.

The past week has been a tough one for the USD. While the greenback has risen since the beginning of the week, it remains volatile, hovering near a two-month low against six other currencies.

Subsequently, the USD Index fell to its lowest level in three months. This was due to weaker-than-expected new real estate sales in the US, while the market assessed that the Federal Reserve might begin cutting interest rates in the first half of next year.

The USD Index last fell 0.2% to 103.23 after ending November with its weakest monthly performance in a year. The DXY index ended the week at a deeper low – for the third consecutive week.

Kyle Rodda, a financial market analyst at Capital.com, commented: “Slowing growth, peak interest rates, rate cuts next year, and cancellations of long positions… These are the drivers of the weakening USD. The USD is likely to continue to fall.”

In addition, the USD price is also under pressure from other factors. The Personal Consumption Expenditures (PCE) index rose 3% in October compared to a year earlier, but is still above the Fed's 2% target.

The weakening US dollar has been positive for the yen. The Japanese currency had previously approached the 150-point mark after recovering from its lows. Meanwhile, the Bank of Japan hinted at the possibility of exiting its negative interest rate policy in 2024. The JPY/USD exchange rate has narrowed to 146.855.

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