USD exchange rate today September 19, 2024: USD increases in value

USD exchange rate today, September 19, 2024

Today's USD exchange rate (September 19, 2024): USD VCB increased by 50 dong, while the USD...

The central exchange rate for VND/USD today was announced by the State Bank of Vietnam (SBV) at 24,141 VND/USD, an increase of 4 dong compared to the trading session on September 18th.

Currently, the permitted exchange rate for commercial banks ranges from 23,400 to 25,450 VND/USD. The USD exchange rate has also been brought within the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank of Vietnam's Exchange Department.

The USD exchange rate at banks and the domestic USD price recorded an increase this morning. Specifically, Vietcombank 's buying rate was 24,400 and the selling rate was 24,770, an increase of 50 dong compared to the selling price on September 18th. The current buying and selling price of USD is in the range of 24,000 - 25,500 VND/USD.

1. VCB - Updated: 19/09/2024 19:58 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,362.42	16,527.70	17,058.82
Canadian Dollar	CAD	17,698.61	17,877.39	18,451.88
SWISS FRANCE	CHF	28,322.39	28,608.47	29,527.81
YUAN RENMINBI	CNY	3,409.43	3,443.87	3,555.08
DANISH KRONE	DKK	But	3,613.58	3,752.16
EURO	CZ	26,751.80	27,022.02	28,220.11
POUND STERLING	GBP	31,793.21	32,114.35	33,146.35
HONG KONG DOLLAR	HKD	3,074.16	3,105.21	3,205.00
INDIAN RUPEE	INR	But	293.04	304.77
YEN	rush	166.03	167.71	175.70
Korean Won	KRW	March 16	17.81	19.33
KUWAITI DINAR	KWD	But	80,390.22	83,608.49
MALAYSIAN RINGGIT	MYR	But	5,775.97	5,902.25
NORWEGIAN KRONER	NOK	But	2,304.82	2,402.80
RUSSIAN RUBLE	RUB	But	252.32	279.34
SAUDI RIAL	SAR	But	6,532.08	6,793.58
SWEDISH KRONA	SEK	But	2,378.70	2,479.83
SINGAPORE DOLLAR	SGD	18,565.51	18,753.04	19,355.67
THAILAND BAHT	THB	655.99	728.87	756.83
US DOLLAR	cau	24,380.00	24,410.00	24,750.00

2. Agribank - Updated: 01/01/1970 08:00 - Time provided by the website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	24,420.00	24,440.00	24,780.00
CZ	CZ	26,734.00	26,841.00	27,958.00
GBP	GBP	31,799.00	31,927.00	32,917.00
HKD	HKD	3,093.00	3,105.00	3,210.00
CHF	CHF	28,397.00	28,511.00	29,402.00
rush	rush	167.16	167.83	175.47
AUD	AUD	16,288.00	16,353.00	16,860.00
SGD	SGD	18,596.00	18,671.00	19,224.00
THB	THB	715.00	718.00	750.00
CAD	CAD	17,711.00	17,782.00	18,323.00
NZD	NZD		14,973.00	15,479.00
KRW	KRW		17.69	19.53

3. Sacombank - Updated: 27/01/2007 07:16 - Time provided by the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	24410	24410	24770
AUD	AUD	16482	16532	17134
CAD	CAD	17833	17883	18443
CHF	CHF	28674	28774	29381
CNY	CNY	0	3442.9	0
CZK	CZK	0	1044	0
DKK	DKK	0	3663	0
CZ	CZ	27088	27138	27941
GBP	GBP	32256	32306	33073
HKD	HKD	0	3155	0
rush	rush	168.77	169.27	175.78
KHR	KHR	0	6,032	0
KRW	KRW	0	18.2	0
LAK	LAK	0	1,023	0
MYR	MYR	0	5974	0
NOK	NOK	0	2317	0
NZD	NZD	0	15187	0
PHP	PHP	0	417	0
SEK	SEK	0	2405	0
SGD	SGD	18725	18775	19427
THB	THB	0	701.5	0
TWD	TWD	0	768	0
BAD	BAD	7980000	7980000	8180000
XBJ	XBJ	7,400,000	7,400,000	7,800,000

In the "black market," the USD exchange rate as of 5:30 AM on September 19, 2024, is as follows:

The black market on September 19, 2024. Photo: Chogia.vn

Today's USD exchange rate on the world market (September 19, 2024)

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 100.93 points, down 0.18 points from the trading session on September 18, 2024.

USD (DXY) exchange rate movements over the past few days (Source: Investing)

The US dollar rose higher in volatile trading after the Federal Reserve cut interest rates by half a percent on Wednesday, citing increased confidence that inflation will continue to fall toward the U.S. central bank's annual 2 percent target.

The Federal Reserve has cut overnight interest rates to 4.75%-5.00%, and policymakers expect the Fed's benchmark rate to fall by another half percentage point by the end of this year, another one percentage point in 2025, and a further half percentage point in 2026, ending at 2.75%-3.00%.

The US dollar initially traded lower after the Fed announcement, but narrowed its losses after Chairman Jerome Powell concluded the press conference.

The US dollar index rose 0.05% on the day to 100.970. Earlier, it had reached 100.21, its lowest level since July 2023. The euro fell 0.01% to $1.111275. The greenback remained stable at 142.370 Japanese yen.

" This is a more dovish move. It's certainly not a hawkish one ," said Vassili Serebriakov, macro and foreign exchange strategist at UBS in New York.

" The way we were thinking about this before the announcement was that you know a 50 basis point cut is negative for the dollar. If they cut 25 basis points, there would be different scenarios in which the USD could behave. But a 50 basis point cut is clearly negative for the USD ," Serebriakov added.

During the press conference, Powell stated that he saw no signs of an impending recession or even a recession.

" I don't see anything in the current economy that suggests a recession is likely ," Powell said. "You see solid growth, you see falling inflation, and you see the labor market remains very strong ."

Following the Fed's interest rate hike, federal funds rate futures, a measure of the cost of unsecured overnight lending between banks, have priced in around 70 basis points for further rate cuts this year.

A closely watched portion of the U.S. Treasury yield curve, which measures the gap between 2-year and 10-year Treasury yields and is considered an indicator of economic expectations, has reached its highest level since July 2022 following the Fed's interest rate cut. The most recent instance was at 7.8 basis points.

The British pound, the best-performing G10 currency of the year, rose 0.28% to $1.3200. The yuan strengthened against the dollar to 7.0780 per dollar in offshore trading, becoming its strongest currency since June 2023.

" The market is pretty much 50-50 when it comes to decisions. So, obviously, half the market is surprised. And it's clear the Fed is trying to pull itself out of the US economic recession and provide support. But so far, the market reaction hasn't been too crazy, " said Brad Bechtel, global FX director at Jefferies in New York.

USD exchange rate on September 18, 2024. (Illustrative image)

Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

2. Gold and Silver Handicrafts - No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Shop - 119 Cau Giay Street, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - 43 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

5. Toan Thuy Store - 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

9. Huy Khoi Store - 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

10. The system of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Check out these popular foreign currency exchange and USD buying/selling locations in Ho Chi Minh City:

1. Minh Thu Foreign Exchange - 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City

2. Kim Mai Gold Shop - 84 Cong Quynh Street, District 1, Ho Chi Minh City

3. Kim Chau Gold Shop - 784 Dien Bien Phu Street, Ward 10, District 10, Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau Street, District 1, Ho Chi Minh City

5. Kim Hung Foreign Exchange Agency - 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop - 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop - 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City

10. The system of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-usd-hom-nay-1992024-dong-usd-tang-gia-346840.html