The Fed is expected to keep interest rates unchanged, the greenback rises cautiously. Illustration photo. (Source: Shutterstock) |
Foreign exchange rates today June 13
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 13 was announced by the State Bank at 23,699 VND, down 1 VND compared to the previous day.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,883 VND/USD and the floor rate is 22,514 VND/USD.
At commercial banks this morning, the price of USD and Chinese Yuan (CNY) increased together.
At 8:15, at BIDV , the USD price was listed at 23,340-23,640 VND/USD (buy-
selling), increased by 5 VND in both buying and selling compared to the closing price of yesterday's trading session.
The price of CNY at this bank is listed at 3,233-3,343 VND/CNY (buy-sell), down 1 VND for both buying and selling, but up 1 VND for selling compared to the end of yesterday's trading session.
The greenback price at Vietcombank is listed at 23,280 - 23,650 VND/USD (buy - sell), up 10 VND in both buying and selling compared to the closing price of yesterday's trading session.
The listed CNY price is 3,218-3,356 VND/CNY (buy-sell), up 1 VND for buying and 2 VND for selling compared to the close of yesterday's trading session.
STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from June 8-14 |
1 | EUR | Euro | 24,643.12 | 25,927.41 | 25,353.94 |
2 | JPY | Japanese Yen | 163.61 | 173.21 | 170.28 |
3 | GBP | British Pound | 28,739.58 | 29,965.07 | 29,470.52 |
4 | AUD | Australian Dollar | 15,403.39 | 16,060.21 | 15,837.91 |
5 | CAD | Canadian Dollar | 17,130.33 | 17,860.78 | 117,692.31 |
6 | RUB | Russian Ruble | 269.99 | 298.91 | 291.67 |
7 | KRW | Korean Won | 15.69 | 19.12 | 18.24 |
8 | INR | Indian Rupee | 283.88 | 295.27 | 287.3 |
9 | HKD | Hong Kong Dollar (China) | 2,917.73 | 3,042.15 | 3,024.35 |
10 | CNY | Chinese Yuan China | 3,218.00 | 3,356.00 | 3,331.55 |
(Source: State Bank, Vietcombank)
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) increased by 0.07% to 103.63.
Specifically, the exchange rate on the world market today, the greenback and the Euro increased; the Japanese Yen decreased.
The greenback edged up on Wednesday, trading in a narrow range as investors remained cautious ahead of a number of key policy decisions this week, with the US Federal Reserve expected to keep interest rates unchanged at its June policy meeting.
Monetary policy meetings at the Fed, European Central Bank (ECB) and Bank of Japan (BOJ) will dominate markets this week.
Meanwhile, US inflation data for May will also be released today, June 13, before the Fed begins its two-day meeting.
“People seem to be holding their breath and waiting for a signal from Fed Chairman Jerome Powell,” said Helen Given, a foreign exchange trader at Monex USA in Washington. “A rate hike at this week’s meeting could be positive for the greenback as it goes against current market expectations.”
According to FedWatch, money markets are leaning toward the Fed pausing its rate hike in June, but most expect the Fed to raise rates at its July meeting. In contrast, most economists believe the ECB will raise its benchmark interest rate by 25 basis points at its May 15 meeting.
Elsewhere, the euro edged up to $1.0760. The yen fell 0.2 percent to $139.55, ahead of a two-day meeting of the Bank of Japan, which is expected to maintain its “ultra-loose” monetary policy.
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