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| Foreign exchange rates today, March 15: USD, Euro, AUD, CAD, Japanese Yen, British Pound... (Source: Reuters) |
Foreign exchange rates today March 15
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of March 15 was announced by the State Bank at 23,618 VND/USD, up 1 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,800 VND/USD and the floor rate is 22,438 VND/USD.
At commercial banks, this morning, the USD price fluctuated in opposite directions, while the Chinese Yuan (CNY) price reversed and decreased.
At 8:45 a.m., at Vietcombank , the greenback price was listed at 23,380 - 23,750 VND/USD (buy - sell), an increase of 10 VND in both buying and selling compared to yesterday.
The listed CNY price is 3,362 - 3,506 VND/CNY (buy - sell), down 8 VND for buying and 10 VND for selling compared to yesterday.
The USD price at BIDV is listed at 23,440 - 23,740 VND/USD (buy - sell), up 20 VND in the buying direction and down 80 VND in the selling direction compared to yesterday.
The price of CNY at this bank is listed at 3,376 - 3,492 VND/CNY (buy - sell), down 11 VND for buying and 9 VND for selling compared to yesterday.
Previously, yesterday afternoon, March 14, the State Bank signed and issued two decisions to reduce operating interest rates by 0.5-1%, effective from today, March 15.
The State Bank said that adjusting down the operating interest rates is a flexible solution, suitable to current market conditions to achieve the economic growth recovery goal of the National Assembly and the Government, thereby orienting to reduce the market interest rate level, contributing to removing difficulties for businesses and the economy .
At the same time, the adjustment to reduce the maximum short-term lending interest rate in VND for priority sectors to 5%/year creates conditions for businesses and people to access loans at lower costs in priority sectors according to the Government's policy.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from 9/3 to 15/3 (to illuminate) |
| 1 | EUR | Euro | 24,572.32 | 25,959.06 | 24,903.40 |
| 2 | JPY | Japanese Yen | 171.43 | 181.56 | 171.72 |
| 3 | GBP | British Pound | 27,904.51 | 29,106.51 | 27,930.66 |
| 4 | AUD | Australian Dollar | 15,246.32 | 15,903.06 | 15,582.94 |
| 5 | CAD | Canadian Dollar | 16,727.32 | 17,447.85 | 17,174.42 |
| 6 | RUB | Russian Ruble | 296.89 | 328.84 | 310.97 |
| 7 | KRW | Korean Won | 15.61 | 19.03 | 17.89 |
| 8 | INR | Indian Rupee | 285.68 | 297.26 | 287.74 |
| 9 | HKD | Hong Kong Dollar (China) | 2,928.35 | 3,054.49 | 3,010.48 |
| 10 | CNY | Chinese Yuan China | 3,376.00 | 3,492.00 | 3,393.06 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
At the beginning of the trading session, in the US market, the DXY (US Dollar Index) measuring the fluctuations of the greenback against 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased slightly by 0.08%, reaching 103.67.
Today, in the world market, besides the greenback exchange rate stabilizing and increasing very slightly, the Euro increased, the British Pound and Japanese Yen decreased.
Specifically, the greenback increased slightly in the last trading session, due to the collapse of Silicon Valley Bank (SVB) and newly released consumer price data, revealing the possibility that the US Federal Reserve (Fed) will raise interest rates next week.
The consumer price index (CPI) rose 0.4% in February, after seeing a 0.5% increase in January. As of February, the CPI rose at an annual rate of 6.0%, a slower pace than the 6.4% annual increase in January, but still far from the Fed's 2% target.
SVB's collapse last week underscores the Fed's tighter scrutiny of the banking sector as credit tightens.
“The risks around bank lending are tilted to the downside,” said Thierry Wizman, global rates and FX strategist at Macquarie in New York. “With regulatory burdens and the prospect of tightening net interest margins at banks, the situation is only going to get worse.”
Americans faced rising rents and food costs in February, challenging the Fed's efforts to control inflation while stabilizing financial markets.
Futures could be pricing in two Fed rate cuts by the end of the year, with the final rate set to hit 4.179% in December, down from more than 5% last week.
In other developments, the Euro increased 0.09% against the greenback, reaching 1.0739 USD, the Japanese Yen at 134.13/USD, and the British Pound at 1.2175 USD.
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