Exchange rates for USD, EUR, CAD, British Pound... The US dollar is being sold off across the board.

Foreign exchange rates today, December 15th: USD, EUR, CAD, Japanese Yen, British Pound exchange rates, exchange rates... The US dollar is being sold off across the board * New import/export exchange rates available

Tỷ giá ngoại tệ hôm nay 15/12: Tỷ giá USD, EUR, CAD, Bảng Anh... Fed chấm dứt tăng lãi suất, đồng bạc xanh rớt thảm

Foreign exchange rates today, December 15th: USD, EUR, CAD, British Pound... The US dollar is being sold off across the board. (Source: foreignpolicy)

The central exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) on the morning of December 15th was announced by the State Bank of Vietnam at 23,882 VND/USD, a decrease of 63 VND/USD compared to the previous day.

Domestic market:

Vietcombank :

The USD exchange rate is 24,050 VND/USD for buying and 24,420 VND/USD for selling.

The EUR buying rate is 25,768 VND/EUR and the selling rate is 27,183 VND/EUR.

BIDV Bank:

The USD exchange rate is 24,070 VND/USD for buying and 24,370 VND/USD for selling.

The EUR buying rate is 26,121 VND/EUR, and the selling rate is 27,329 VND/EUR.

No.	Foreign currency code	Name of foreign currency	Bank exchange rate commerce Buy	Bank exchange rate commerce Sell	*State Bank of Vietnam exchange rate Applying import/export from December 14-20
1	CZ	Euro	25,945.78	27,370.46	25,839.18
2	rush	Japanese Yen	165.53	175.23	164.53
3	GBP	British Pounds	30,120.83	31,403.49	30,076.64
4	AUD	Dollar Australia	15,825.96	16,499.89	15,706.64
5	CAD	Canadian Dollar	17,626.19	18,376.79	17,626.2
6	RUB	Russian Ruble	257.78	285.38	266.54
7	KRW	Korean Won	16,21	19.65	18,17
8	INR	Indian Rupee	290.29	301.91	287.28
9	HKD	Hong Kong Dollar (China)	3,026.99	3,155.89	3,066.86
10	CNY	Chinese yuan China	3,340.96	3,483.75	3,334.59

(Source: State Bank of Vietnam, Commercial Banks, General Department of Customs)

Exchange rate movements in the global market.

In the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), fell 0.92% to 101.95.

The US dollar fell sharply in today's global exchange rate; other major currencies rose.

Specifically, the US dollar fell to its lowest level in two weeks against the euro, and its lowest level in over four months against the Japanese yen, during a widespread sell-off in the last trading session, after the US Federal Reserve (Fed) hinted that interest rate cuts could occur next year.

At the Federal Open Market Committee (FOMC) meeting on December 13, Fed Chairman Jerome Powell indicated that monetary policy tightening may be coming to an end, and instead, discussions will focus on cutting borrowing costs. The Fed's forecast implicitly suggests a 75 basis point cut next year, compared to the current level.

Athanasios Vamvakidis, head of global G10 FX strategy at BofA Global Research, said: “The Fed showed a very dovish stance at the last meeting.”

Fed fund futures traders are now almost fully pricing in a 25 basis point rate cut in March and a 150 basis point cut in December 2024.

"The market is operating on the premise that interest rates will eventually return to low levels," said Adam Button, chief currency analyst at ForexLive in Toronto.

The dollar's decline was quickly halted after data showed a surprise increase in US retail sales in November.

In other developments, the euro and the pound sterling both rose, with the euro gaining 1.08% to reach $1.0991, its highest level since November 29th and now on track for its largest daily percentage gain since November 14th.

The ECB kept interest rates stable at its recent policy meeting, while also reaffirming that borrowing costs will remain at record highs despite expectations of cooling inflation.

Meanwhile, the British pound rose 1.11% and earlier reached its highest level since August 22nd after the Bank of England kept interest rates unchanged, while also stating that interest rates need to remain high for 'a long time'.

The US dollar fell 0.68% against the Japanese yen, currently at 141.94. Meanwhile, the Australian dollar reached its highest level in over four months at $0.6728.

Source