Free markets are progressing further.

Today's foreign exchange rates, specifically the USD/VND exchange rate on November 18th, show that the buying price of USD in the free market is significantly higher, by up to 465 dong, compared to the bank rate.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 18/11/2024 07:30 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	15,965.78	16,127.05	16,644.42
Canadian Dollar	CAD	17,607.85	17,785.71	18,356.29
SWISS FRANCE	CHF	27,830.10	28,111.22	29,013.05
YUAN RENMINBI	CNY	3,425.24	3,459.84	3,570.83
DANISH KRONE	DKK	But	3,521.01	3,655.85
EURO	CZ	26,070.92	26,334.26	27,500.42
POUND STERLING	GBP	31,340.05	31,656.61	32,672.19
HONG KONG DOLLAR	HKD	3,180.68	3,212.80	3,315.87
INDIAN RUPEE	INR	But	299.93	311.92
YEN	rush	156.74	158.32	165.85
Korean Won	KRW	15.62	17.36	18.84
KUWAITI DINAR	KWD	But	82,452.28	85,748.60
MALAYSIAN RINGGIT	MYR	But	5,601.59	5,723.76
NORWEGIAN KRONER	NOK	But	2,233.34	2,328.16
RUSSIAN RUBLE	RUB	But	242.93	268.92
SAUDI RIAL	SAR	But	6,748.19	6,996.23
SWEDISH KRONA	SEK	But	2,264.05	2,360.17
SINGAPORE DOLLAR	SGD	18,402.38	18,588.26	19,184.59
THAILAND BAHT	THB	642.56	713.95	741.29
US DOLLAR	cau	25,160.00	25,190.00	25,512.00

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:00 AM on November 17th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,298, an increase of 20 dong.

The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,450 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

Vietcombank: 25,160 - 25,512 VND.

Vietinbank : 25,190 - 25,512 VND.

In the free market, the USD/VND exchange rate is currently at 25,600 - 25,709 VND.

Currently, the buying price of USD in the free market is up to 465 VND higher than the bank rate. Meanwhile, the difference between the selling price at commercial banks and the free market is at least 197 VND.

Foreign exchange rates, USD/VND exchange rate today, November 18th: The free market advances. (Source: Getty Images)

Exchange rate movements in the global market.

In the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed the week up 1.60%, reaching 106.67.

The DXY index has surpassed its highest level recorded immediately after the US presidential election, as the market continues to await clarity on future US policy.

On November 13th, the US dollar continued to rise by 0.41%, reaching 105.95 amid market expectations that higher-than-expected tariffs would push prices up, making it less likely that the Federal Reserve (Fed) would cut interest rates.

The yield on the benchmark 10-year US Treasury bond also rose 13.1 basis points, reaching 4.439%. Following the Fed's recent decision to cut the benchmark interest rate by 0.25 basis points to 4.50%-4.75%, traders are now betting on a 59% chance that the Fed will cut interest rates again in December.

After rising for almost the entire week, the greenback closed the trading week down 0.18% at 106.67, but still achieved its biggest weekly gain in over a month. Fed Chairman Jerome Powell said the US central bank does not need to rush to cut interest rates.

This fuels traders' expectations that the Fed will limit its interest rate cuts next month and beyond.

On the other hand, data released by the US Department of Commerce on November 15 showed that US retail sales increased slightly more than expected in October, but consumer spending appeared to slow at the beginning of the fourth quarter.

Conversely, the EUR is heading for a second consecutive weekly decline after falling to its lowest level since October 2023. The currency closed the last trading session higher at $1.054025.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1811-thi-truong-tu-do-tien-xa-294047.html