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| Foreign exchange rates today August 14: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... (Source: DailyFX) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of August 14 was announced by the State Bank at 23,848 VND/USD, continuing to increase by 11 VND compared to the weekend of August 11.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 25,040 VND/USD and the floor rate is 22,655 VND/USD.
Previously, in the week from August 7 to 11, the central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) announced by the State Bank increased by 22 VND.
At commercial banks, this morning, the USD price continued to increase while the Chinese Yuan (CNY) continued to decrease.
At 8:15 a.m., at BIDV , the greenback price was listed at 23,610 - 23,910 VND/USD (buy - sell), an increase of 5 VND in both buying and selling compared to the end of last week.
The price of CNY at this bank is listed at 3,229 - 3,337 VND/CNY (buy - sell), down 3 VND in buying and 2 VND in selling compared to the end of last week.
At Vietcombank , the USD price is listed at 23,560 - 23,930 VND/USD (buy - sell), an increase of 20 VND in both buying and selling compared to the end of last week.
The listed CNY price is 3,215 - 3,353 VND/CNY (buy - sell), down 6 VND in both buying and selling compared to last weekend.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from August 10-16 |
| 1 | EUR | Euro | 15,085.75 | 26,836.06 | 26,152.14 |
| 2 | JPY | Japanese Yen | 159.49 | 168.84 | 166.50 |
| 3 | GBP | British Pound | 29,327.23 | 30,577.18 | 30,415.51 |
| 4 | AUD | Australian Dollar | 15,085.75 | 15,728.72 | 15,616.45 |
| 5 | CAD | Canadian Dollar | 17,221.80 | 17,955.80 | 17,764.44 |
| 6 | RUB | Russian Ruble | 235.26 | 260.46 | 246.19 |
| 7 | KRW | Korean Won | 15.56 | 18.96 | 18.32 |
| 8 | INR | Indian Rupee | 286.54 | 298.03 | 287.77 |
| 9 | HKD | Hong Kong Dollar (China) | 2,959.07 | 3,085.18 | 3,049.59 |
| 10 | CNY | Chinese Yuan China | 3,215.00 | 3,353.00 | 3,305.77 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY), which measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 102.85, slightly up from 102.63 on August 11.
The greenback continued its fourth consecutive weekly gain and closed higher. The DXY initially dipped below 102 after the release of U.S. inflation data. The index hit a low of 101.78 and then bounced back from there, approaching 103.
US Consumer Price Index (CPI) data paints a mixed picture of the country's economy. Core CPI continued to decline, now at 4.7% in July, down from 4.86% in June.
The short-term outlook for the greenback is positive, with the DXY Index closing the week at 102.84. However, the upward momentum in the coming time will be short-term and within a certain range. The resistance zone for this index is 103.5 - 104. There is a high possibility that the DXY Index will reverse down after rising to around 103.5-104. That move could drag the index down to 102-101.5 in the coming time, or even a prolonged decline to 100-99.
In case the index breaks above 104, the uptrend could be extended to 105 and even 106. But this scenario seems less likely.
Elsewhere, the euro has held the resistance at 1.107 mentioned last week quite well. The euro hit a high of 1.1065 and has been falling since. The crucial support zone for the common European currency lies in the 1.0920-1.0900 range. A break below 1.09 could drag the euro down to 1.08 and 1.077. Therefore, the euro must stay above 1.09 to avoid this decline and possibly rise back to 1.105.
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