Foreign exchange rates, USD/VND exchange rate today, August 29, recorded an increase in USD price due to increased purchase volume.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: August 30, 2024 05:26 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,488.41 | 16,654.96 | 17,189.85 |
| CANADIAN DOLLAR | CAD | 18,001.47 | 18,183.30 | 18,767.28 |
| SWISS FRANC | CHF | 28,815.62 | 29,106.69 | 30,041.49 |
| YUAN RENMINBI | CNY | 3,425.69 | 3,460.30 | 3,571.97 |
| DANISH KRONE | DKK | - | 3,639.68 | 3,779.19 |
| EURO | EUR | 26,950.20 | 27,222.43 | 28,428.89 |
| Sterling Pound | GBP | 32,020.02 | 32,343.46 | 33,382.21 |
| HONGKONG DOLLAR | HKD | 3,107.05 | 3,138.44 | 3,239.23 |
| INDIAN RUPEE | INR | - | 295.65 | 307.48 |
| YEN | JPY | 166.65 | 168.33 | 176.39 |
| KOREAN WON | KRW | 16.13 | 17.92 | 19.55 |
| KUWAITIAN DINAR | KWD | - | 81,253.42 | 84,504.70 |
| MALAYSIAN RINGGIT | MYR | - | 5,697.03 | 5,821.48 |
| NORWEGIAN KRONER | NOK | - | 2,321.27 | 2,419.91 |
| RUSSIAN RUBLE | RUB | - | 257.28 | 284.82 |
| SAUDI RIAL | SAR | - | 6,606.73 | 6,871.09 |
| SWEDISH KRONA | SEK | - | 2,391.69 | 2,493.32 |
| SINGAPORE DOLLAR | SGD | 18,624.17 | 18,812.29 | 19,416.47 |
| THAILAND | THB | 646.66 | 718.52 | 746.06 |
| US DOLLAR | USD | 24,660.00 | 24,690.00 | 25,030.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:30 a.m. on August 29, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,212 VND, down 12 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: 24,650 VND - 25,020 VND.
Vietinbank : 24,570 VND - 25,020 VND.
 |
| Foreign exchange rates, USD/VND exchange rate today August 29: USD 'recovers'. (Source: Reuters) |
Exchange rate developments in the world market
The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 101.04, up 0.49%.
The US dollar gained on increased buying volume at the end of the month, as traders awaited fresh economic data that could determine the pace of the US Federal Reserve's upcoming interest rate easing.
Volatility has been rife in foreign exchange markets this month, as fears of a US recession and hawkish signals from the Bank of Japan have hit the dollar hard and sent other major currencies soaring.
Traders also await earnings from artificial intelligence (AI) chip giant Nvidia, which has caused a stir on Wall Street in recent years.
The US dollar has also become sensitive to moves in the stock market this year.
“Ahead of a slew of key economic data releases, including earnings tonight from Nvidia and next week’s all-important nonfarm payrolls report, traders are cutting risk and buying the greenback,” said Karl Schamotta, chief market strategist at Corpay in Toronto, Canada.
The DXY index is on track for its biggest daily gain since mid-June.
However, the greenback fell 2.8% in August, its worst monthly decline since November 2023. The greenback hit a 13-month low of 100.51 in the previous session, weighed down by market expectations of a Fed rate cut.
Investors also expect the Fed to start cutting interest rates next month after Chairman Jerome Powell struck a dovish tone last week, with the debate now focused on whether the Fed will cut by 50 basis points or just 25 basis points.
The market is pricing in a 37% chance of a 50 basis point cut by the Fed, according to LSEG calculations. The market is also pricing in a total of about 105 basis points of easing by the end of the year.
Compared to the Japanese Yen, the USD increased by 0.5% to 144.685 Yen.
Meanwhile, the euro fell 0.6% to $1.1116, still within reach of a 13-month high hit earlier this week.
Investors are awaiting euro zone August inflation data due later this week, which could provide clues on the European Central Bank's monetary policy path.
Sterling fell 0.6% to $1.3186, after hitting its highest since March 2022 on Aug. 27 as traders bet the Bank of England would ease monetary policy more slowly than the Fed.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-298-usd-hoi-suc-284187.html
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