USD, EUR, CAD, Japanese Yen, British Pound exchange rates, exchange rates... US economy grows well, USD "benefits"

Foreign exchange rates today October 27: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US economy grows rapidly, greenback continues to be green.

Tỷ giá ngoại tệ hôm nay 27/10: Tỷ giá USD, EUR, CAD, Yen Nhật, Bảng Anh, tỷ giá hối đoái... GDP của Mỹ tăng, đồng bạc xanh tiếp tục sắc xanh

Foreign exchange rates today, October 27: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... US GDP increases, greenback continues to be green. (Source: reamstime)

The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 27 was announced by the State Bank at 24,107 VND/USD, an increase of 12 VND/USD compared to the previous day.

Domestic market: At commercial banks on the morning of October 27, specifically as follows:

Vietcombank :

USD exchange rate for buying is 24,390 VND/USD, selling is 24,760 VND/USD.

EUR exchange rate for buying is 25,260 VND/EUR and selling is 26,646 VND/EUR.

BIDV Bank:

USD exchange rate for buying is 24,450 VND/USD, selling is 24,750 VND/USD.

EUR exchange rate for buying is 25,461 VND/EUR, selling is 26,647 VND/EUR.

STT	Currency code	Currency name	Bank rate commerce Buy	Bank rate commerce Sell	*State Bank exchange rate Apply for import and export from October 26 to November 1
1	EUR	Euro	25,260.43	26,646.87	25,524.99
2	JPY	Japanese Yen	158.84	168.14	161.00
3	GBP	British Pound	28,945.39	30,177.31	29,294.61
4	AUD	Australian Dollar	15,032.15	15,671.92	15,360.28
5	CAD	Canadian Dollar	17,350.73	18,089.18	17,522.92
6	RUB	Russian Ruble	248.95	275.60	258.46
7	KRW	Korean Won	15.66	18.98	17.86
8	INR	Indian Rupee	294.83	306.63	289.75
9	HKD	Hong Kong Dollar (China)	3,063.50	3,193.88	3,078.72
10	CNY	Chinese Yuan China	3,290.99	3,431.57	3,294.13

(Source: State Bank and commercial banks)

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 106.60.

The greenback exchange rate in the world today continues to increase, the Euro decreases and the Japanese Yen is unstable.

The greenback edged up against other currencies in the latest session, after data showed the US economy grew at its fastest pace in nearly two years in the third quarter, despite warnings of a recession.

Accordingly, the US Gross Domestic Product (GDP) increased by 4.9%, the fastest growth since the fourth quarter of 2021. Previously, in a Reuters poll, economists had forecast GDP growth at 4.3%.

The GDP figures follow US business activity data earlier this week, which highlighted the strength of the US economy compared to the UK and the European Union.

In another development, the European Central Bank kept interest rates on hold as expected on October 26, ending an unprecedented 10-month streak of rate hikes, while stressing that any talk of a rate cut was premature.

“This statement is very similar to the statement in September. They clearly have to acknowledge the fact that inflation has come down, which is what they expected,” said Francesco Pesole, FX strategist at ING in London.

The euro fell 0.03 percent to $1.0564.

The Japanese yen weakened, hitting a new one-year low of 150.78 per dollar, not far from a 32-year low of 151.94 – a level that forced Japanese authorities to intervene in currency markets last year.

Japanese Finance Minister Shunichi Suzuki earlier warned traders against selling the yen, stressing that authorities were closely monitoring moves, but stopped short of commenting on the possibility of intervention. The recent rise in global interest rates is increasing pressure on the Bank of Japan to change its approach to controlling bond yields.

Source