USD exchange rate today 9/20/2024: USD depreciates

USD exchange rate today 9/20/2024

USD exchange rate today September 20, 2024, USD VCB decreased by 20 VND, meanwhile, the USD slid in chaotic trading as traders grappled with the Fed's massive interest rate cut.

The central VND/USD exchange rate announced by the State Bank of Vietnam (SBV) today is adjusted to 24,167 VND/USD, an increase of 26 VND compared to the trading session on September 19.

Currently, the permitted exchange rate of commercial banks fluctuates from 23,400 - 25,450 VND/USD. The USD exchange rate has also been brought to the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank of Vietnam.

The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a decrease at banks. Specifically, Vietcombank has a buying price of 24,380 and a selling price of 24,750, down 20 VND compared to the selling price compared to the trading session on September 19. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.

1. VCB – Updated: 09/20/2024 04:58 – Time of the source website
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 FRANC	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	–	3,613.58	3,752.16
EURO	EUR	26,751.80	27,022.02	28,220.11
Sterling Pound	GBP	31,793.21	32,114.35	33,146.35
HONGKONG DOLLAR	HKD	3,074.16	3,105.21	3,205.00
INDIAN RUPEE	INR	–	293.04	304.77
YEN	JPY	166.03	167.71	175.70
KOREAN WON	KRW	16.03	17.81	19.33
KUWAITIAN DINAR	KWD	–	80,390.22	83,608.49
MALAYSIAN RINGGIT	MYR	–	5,775.97	5,902.25
NORWEGIAN KRONER	NOK	–	2,304.82	2,402.80
RUSSIAN RUBLE	RUB	–	252.32	279.34
SAUDI RIAL	SAR	–	6,532.08	6,793.58
SWEDISH KRONA	SEK	–	2,378.70	2,479.83
SINGAPORE DOLLAR	SGD	18,565.51	18,753.04	19,355.67
THAILAND	THB	655.99	728.87	756.83
US DOLLAR	USD	24,380.00	24,410.00	24,750.00

2. Agribank – Updated: 01/01/1970 08:00 – Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	24,420.00	24,440.00	24,780.00
EUR	EUR	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
JPY	JPY	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: 01/27/2007 07:16 – Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	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
EUR	EUR	27088	27138	27941
GBP	GBP	32256	32306	33073
HKD	HKD	0	3155	0
JPY	JPY	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
XAU	XAU	7980000	7980000	8180000
XBJ	XBJ	7400000	7400000	7800000

In the "black market", the black market USD exchange rate as of 5:30 a.m. on September 20, 2024 is as follows:

Black market on September 20, 2024. Photo: Chogia.vn

USD exchange rate today September 20, 2024 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 100.93 points, down 0.18 points compared to the transaction on September 19, 2024.

USD exchange rate developments today, September 20, 2024 on the world market

The US dollar slipped today in a volatile trading session as markets grappled with a 50 basis point interest rate cut, as well as the Federal Reserve's shift to a dovish stance on monetary policy.

Investor expectations had largely shifted to a dovish outcome in the days before the Fed’s move on Wednesday, with money markets pricing in about a 65% chance of a 50 basis point (bp) cut. But economists polled by Reuters were leaning toward a 25bp cut.

“ What’s interesting is that the half-point cut, which was quite unexpected or at least only half and a half yesterday, really didn’t do any further damage to the dollar – which was quite unexpected, ” said Joseph Trevisani, senior analyst at FXStreet in New York.

The dollar index, which measures the greenback against a basket of six major currencies, fell 0.38% to 100.64 after reversing gains made in early trading. The index had slid to a more than one-year low of 100.21 in the previous session.

The euro rose 0.4% to $1.1163. Against the yen, the dollar rose 0.33% to $142.73 as markets expect the Bank of Japan to keep interest rates unchanged on Friday.

The dollar fell 0.08% to 0.847 against the Swiss franc and fell 0.34% to 7.070 against the offshore Chinese yuan.

“ I think what this really does is give other central banks around the world, some of which have already started cutting rates, the authority to continue cutting rates, ” Trevisani said.

Money markets are predicting an additional 72 basis points of rate cuts in 2024 and 192 basis points in September 2025.

The U.S. Treasury yield curve, which measures the gap between 2-year and 10-year Treasury yields and is seen as an indicator of economic expectations, has steepened to its highest level since June 2022. It was last positive at 13.4 basis points, suggesting more rate cuts are coming.

Initial jobless claims unexpectedly fell to 12,000 last week, suggesting the labor market is strengthening, according to Labor Department data released Thursday.

Fed policymakers on Wednesday forecast another half-percentage-point cut in the benchmark interest rate by the end of this year, a full percentage point next year and another half-percentage point by 2026.

“ The initial interpretation of the decision was dovish, and while it was essentially an even chance, it was still dovish overall,” said Eugene Epstein, head of trading and structured products for North America at Moneycorp in Boston. “ Everything basically reversed itself at the end of the day, so you could make the argument that it was a little bit of buy the rumor, sell the fact. A lot of dovishness was priced in .”

USD exchange rate on September 20, 2024. Illustration photo

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

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

2. Gold and Silver Fine Arts – No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Jewelry Store – No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company – No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store – No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones – No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store – No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store – No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store – No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

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

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange – 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop – 84 Cong Quynh, District 1, HCMC

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

4. Saigon Jewelry Center – 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop – No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop – No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop – No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. 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-2092024-dong-usd-truot-gia-347073.html