Free market goes far

Foreign exchange rates, USD/VND exchange rates today, November 18, recorded that the USD buying price in the free market is at most 465 VND higher than the bank channel.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/18/2024 07:30 - Time of website supply source
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 FRANC	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	-	3,521.01	3,655.85
EURO	EUR	26,070.92	26,334.26	27,500.42
Sterling Pound	GBP	31,340.05	31,656.61	32,672.19
HONGKONG DOLLAR	HKD	3,180.68	3,212.80	3,315.87
INDIAN RUPEE	INR	-	299.93	311.92
YEN	JPY	156.74	158.32	165.85
KOREAN WON	KRW	15.62	17.36	18.84
KUWAITIAN DINAR	KWD	-	82,452.28	85,748.60
MALAYSIAN RINGGIT	MYR	-	5,601.59	5,723.76
NORWEGIAN KRONER	NOK	-	2,233.34	2,328.16
RUSSIAN RUBLE	RUB	-	242.93	268.92
SAUDI RIAL	SAR	-	6,748.19	6,996.23
SWEDISH KRONA	SEK	-	2,264.05	2,360.17
SINGAPORE DOLLAR	SGD	18,402.38	18,588.26	19,184.59
THAILAND	THB	642.56	713.95	741.29
US DOLLAR	USD	25,160.00	25,190.00	25,512.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on November 17, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,298, an increase of 20 VND.

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

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,160 - 25,512 VND.

Vietinbank : 25,190 - 25,512 VND.

On 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 at most 465 VND higher than the bank channel. 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 18: Free market goes far. (Source: Getty Images)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations 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 right after the US presidential election, as markets continue to await clarity on future US policy.

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

The yield on the benchmark 10-year U.S. Treasury note also rose 13.1 basis points to 4.439%. Traders now see a 59% chance of another rate cut in December, following the Fed's recent decision to cut its benchmark interest rate by 25 basis points to a range of 4.50% to 4.75%.

After rising for most of the week, the greenback ended the week down 0.18% to 106.67, but still posted its biggest weekly gain in more than a month. Fed Chairman Jerome Powell said the US central bank is in no rush to cut interest rates.

This boosted traders' expectations that the Fed will limit its rate-cut momentum next month and beyond.

On the other hand, data released by the US Commerce Department 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.

On the other hand, the euro is heading for a second consecutive weekly decline after falling to its lowest level since October 2023. It closed the previous session up 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