How much is the exchange rate of 1 USD today?
The State Bank's USD exchange rate is at 24.005 VND.
Vietcombank's USD exchange rate is currently at 24.580 VND - 24.950 VND (buy - sell).
The Euro exchange rate is currently at 26.397 VND - 27.845 VND (buy - sell).
The Japanese Yen exchange rate is currently at 159,41 VND – 168,73 VND (buying – selling).
The British Pound exchange rate is currently at 30.881 VND – 32.194 VND (buying – selling).
The RMB exchange rate today is at 3.371 VND – 3.515 VND (buying – selling).
USD price today
The US Dollar Index (DXY) measures the greenback's fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded at 103,90 points.
Forex markets entered Thursday amid a positive reaction from US markets. The US Federal Reserve suggests that interest rates will be cut by 75 basis points this year.
The US monetary policy roadmap through 2024 is the biggest direct driver for Asian markets. Fourth quarter 2023 GDP data from New Zealand, unemployment data from Australia, trade data from Japan and a series of PMI reports will be updated further.
Once again, all eyes will be on the Yen. The Japanese currency continues to slide following a historic interest rate hike and a policy change by the Bank of Japan this week.
The Yen is currently in a weak position compared to other currencies. JPY/EUR exchange rate highest in 16 years. The JPY/USD exchange rate is near its peak since 1990.
The yen tried to recoup some losses late in the US session on Wednesday as the dollar fell. Thursday's session promises to be exciting after the FED and BOJ suggest policy.
The US Federal Reserve is expected to reduce interest rates in June with an easing of 6 basis points in 75. The Bank of Japan is expected to increase another 2024 basis points in September, plus another again in December.
