Foreign exchange rates, USD/VND exchange rate today, November 11, remained high as the election results began to be announced with the victory of Mr. Donald Trump.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: 11/11/2024 08:00 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,386.96 | 16,552.48 | 17,083.62 |
| CANADIAN DOLLAR | CAD | 17,748.68 | 17,927.96 | 18,503.23 |
| SWISS FRANC | CHF | 28,233.20 | 28,518.39 | 29,433.48 |
| YUAN RENMINBI | CNY | 3,445.62 | 3,480.43 | 3,592.11 |
| DANISH KRONE | DKK | - | 3,588.51 | 3,725.96 |
| EURO | EUR | 26,564.12 | 26,832.44 | 28,020.85 |
| Sterling Pound | GBP | 31,960.73 | 32,283.56 | 33,319.48 |
| HONGKONG DOLLAR | HKD | 3,171.21 | 3,203.24 | 3,306.03 |
| INDIAN RUPEE | INR | - | 298.91 | 310.86 |
| YEN | JPY | 159.65 | 161.26 | 168.93 |
| KOREAN WON | KRW | 15.77 | 17.52 | 19.01 |
| KUWAITIAN DINAR | KWD | - | 82,255.58 | 85,544.62 |
| MALAYSIAN RINGGIT | MYR | - | 5,708.37 | 5,832.91 |
| NORWEGIAN KRONER | NOK | - | 2,273.02 | 2,369.54 |
| RUSSIAN RUBLE | RUB | - | 245.70 | 272.00 |
| SAUDI RIAL | SAR | - | 6,714.29 | 6,982.77 |
| SWEDISH KRONA | SEK | - | 2,311.29 | 2,409.44 |
| SINGAPORE DOLLAR | SGD | 18,644.17 | 18,832.49 | 19,436.79 |
| THAILAND | THB | 654.77 | 727.53 | 755.39 |
| US DOLLAR | USD | 25,100.00 | 25,130.00 | 25,470.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:00 a.m. on November 11, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,278 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 25,167 - 25,497 VND.
Vietinbank : 25,045 - 25,497 VND.
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| Foreign exchange rates, USD/VND exchange rate today, November 11, remained high as the results of the US election were finalized. (Source: Reuters) |
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 104.95.
After starting the week with losses, the DXY index was boosted again following the US presidential election last week.
The DXY index jumped from a low of 103.37 to a high of 105.44 as the election results began to roll in with Donald Trump winning.
Specifically, Republican candidate Donald Trump has declared victory, with policies on immigration, tariffs and trade expected to boost growth in the US.
A comprehensive Republican victory would allow the party to make larger legislative changes, with greater monetary impact.
Donald Trump's policies on curbing illegal immigration, issuing new tariffs, and cutting taxes could boost growth and curb the Fed's ability to cut interest rates.
However, the rally has since stalled and the DXY has fallen back following the outcome of the US Federal Reserve (Fed) meeting on November 6, in which the Fed cut interest rates by 25 basis points as expected by the market.
The interest rate range is currently at 4.5-4.75%, opening the door for another 25 basis point rate cut in December.
The DXY index is heading towards the 106 mark as expected by the market.
The 106 level is a strong resistance level for the index. The market also sees a high probability of the DXY index reversing down from 106. Such a reversal could drag the DXY index down to 104 and even 103 in the coming weeks. Therefore, price action around 106 will need to be closely watched this week.
The yield on the 10-year US Treasury note has fallen sharply from a high of 4.48% last week. Resistance is at 4.45% and has held as expected. Support is at 4.2%. A break below that level could send the 10-year yield to 4% in the coming weeks.
In case the yield can sustain above 4.2%, it could rise back to the 4.4-4.5% zone.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1111-usd-co-tiem-nang-phi-toi-moc-106-293301.html
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