The Yen exchange rate is near a record high.

What is the exchange rate of 1 USD to VND today?

The State Bank of Vietnam's USD exchange rate is 24,246 VND.

The current USD exchange rate at Vietcombank is 25,088 VND - 25,458 VND (buying rate - selling rate).

The current Euro exchange rate is 26,475 VND - 27,949 VND (buying rate - selling rate).

The current exchange rate for the Japanese Yen is 156.74 VND - 166.02 VND (buying rate - selling rate).

The current exchange rate for the British Pound is 30,873 VND - 32,211 VND (buying rate - selling rate).

The exchange rate for the Chinese Yuan today is 3,423 VND - 3,572 VND (buying rate - selling rate).

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Fluctuating around the 108-point mark.

The Japanese Yen continues to fall after the Bank of Japan Governor's statement.

On the morning of June 29th, the State Bank of Vietnam listed the central exchange rate at 25,201 VND.On June 29th, the State Bank of Vietnam (SBV) listed the central exchange rate at 25,201 VND. According to a survey by thoibaonganhang.vn, as of 9 AM this morning, the buying and selling prices of USD at all commercial banks were adjusted up or down with a common margin of 5-20 VND compared to the previous session.

Today's USD exchange rate

The US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), recorded a level of 106.24 points.

The yen fell against the dollar, sliding slightly from its sharp gains in the previous session amid suspicions of Japanese government intervention in the currency market. This is believed to have helped the yen gain an additional $5/JPY.

The USD/JPY exchange rate rose 0.88% to 157.73, but remains close to its 34-year high of 160.245 reached last Monday. In April, the yen fell 4.04% against the USD – its largest monthly decline since February 2023.

Economic data showed that US labor costs rose more than expected in the first quarter amid increases in wages and benefits. This reinforced the view that inflation in the US was rising early in the year and could delay interest rate cuts by the Federal Reserve. On the other hand, the USD Index also benefited from the recent data, rising 0.52% to 106.24.

Data from the Bank of Japan on Tuesday showed that officials may have spent around 5.5 trillion yen ($35.05 billion) to support the yen.

According to the CME FedWatch tool, the Fed will cut interest rates by at least 25 basis points in September (with a probability of nearly 50%).

United States - Vietnam: Don't miss

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

The Euro fell 0.42% to 1.0674 USD/EUR. The British Pound weakened 0.49%, rising to 1.2499 USD/GBP.

Since the beginning of April, the dollar index has risen 1.7%, its largest monthly gain since January. The euro fell 1.11% during the month. The British pound dropped 1.02% – its largest monthly decline since September.

Bank of America analyst Paul Ciana predicts another price surge for the US dollar in the second quarter.

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