Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: February 29, 2024 08:55 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 15,577.39 | 15,734.74 | 16,240.32 |
| CANADIAN DOLLAR | CAD | 17,675.88 | 17,854.42 | 18,428.12 |
| SWISS FRANC | CHF | 27,317.45 | 27,593.38 | 28,480.01 |
| YUAN RENMINBI | CNY | 3,351.49 | 3,385.34 | 3,494.65 |
| DANISH KRONE | DKK | - | 3,514.71 | 3,649.48 |
| EURO | EUR | 26,002.31 | 26,264.96 | 27,429.40 |
| Sterling Pound | GBP | 30,374.83 | 30,681.64 | 31,667.50 |
| HONGKONG DOLLAR | HKD | 3,066.45 | 3,097.42 | 3,196.95 |
| INDIAN RUPEE | INR | - | 296.21 | 308.07 |
| YEN | JPY | 158.66 | 160.26 | 167.93 |
| KOREAN WON | KRW | 15.95 | 17.73 | 19.34 |
| KUWAITIAN DINAR | KWD | - | 79,898.76 | 83,097.08 |
| MALAYSIAN RINGGIT | MYR | - | 5,115.75 | 5,227.59 |
| NORWEGIAN KRONER | NOK | - | 2,276.56 | 2,373.33 |
| RUSSIAN RUBLE | RUB | - | 256.03 | 283.44 |
| SAUDI RIAL | SAR | - | 6,548.87 | 6,811.02 |
| SWEDISH KRONA | SEK | - | 2,334.76 | 2,434.01 |
| SINGAPORE DOLLAR | SGD | 17,837.44 | 18,017.62 | 18,596.55 |
| THAILAND | THB | 604.54 | 671.71 | 697.47 |
| US DOLLAR | USD | 24,430.00 | 24,460.00 | 24,800.00 |
Foreign exchange rates today 29/2
Exchange rate developments in the domestic market
In the domestic market, at 7:30 a.m. on February 29, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,003 VND.
The reference exchange rate at the State Bank's transaction office has slightly decreased, currently at: 23,400 VND - 25,153 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 24,420 VND - 24,790 VND.
Vietinbank : 24,425 VND - 24,845 VND.
The analysis team from SSI Research assessed that the first quarter was a period of abundant foreign currency supply, but at this time this year, the exchange rate is still "fluctuating".
The greenback has increased sharply since the Lunar New Year. Less than a week after Tet, the exchange rate increased by 200 VND to 24,600 VND per USD.
A few days later, one USD on the banking market was exchanged for 24,800 - 24,850 VND. Currently, each USD at the bank is about 430 VND higher than at the beginning of the year, equivalent to an increase of 1.76%.
In the free market, foreign exchange points have also raised the USD price to over 25,000 VND for the past week.
According to SSI Research, foreign currency demand increases as businesses pay off foreign loans and repatriate profits to their home countries.
This development can be seen from the greenback price on the free market, when the price has continuously increased since the end of last year to 25,300 VND, maintaining a large difference (about 2.5%) compared to the interbank exchange rate.
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| Foreign exchange rates, USD/VND exchange rate today February 29: Unexpected 'waves' in domestic exchange rates. |
Exchange rate developments in the world market
According to TG&VN 's records at 7:00 a.m. on February 29, the USD Index, a measure of the greenback's strength against other major currencies, is currently at 103.94, up 0.11%.
The euro fell 0.01% to 1.0840 against the dollar. The pound fell 0.03% to 1.2663 against the dollar. The dollar fell 0.08% to 150.57 against the yen.
The US dollar rose against the euro and yen yesterday as investors adjusted positions in anticipation of US and European inflation data due out today.
Traders are focusing on upcoming inflation data for further clues on when the US Federal Reserve might start cutting interest rates.
Those expectations were pushed up from May to June, driven by strong economic growth, persistent inflation and more hawkish comments from Fed officials.
The US Personal Consumption Expenditures (PCE) report today (February 29) is expected to show a 0.3% increase in January and a 2.4% annual increase. The core PCE is forecast to have increased 0.4% in January and 2.8% for the year.
Consumer price data from Germany, France and Spain will also be released today, ahead of eurozone figures tomorrow (March 1).
Brad Bechtel, an expert at Jefferies in New York (USA), noted that the increased foreign exchange volatility in the last trading session could be due to "inflation data hedging" and also due to the month-end time.
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