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USD reverses, free market continues to "fly high"

Báo Quốc TếBáo Quốc Tế19/11/2024

Foreign exchange rates, USD/VND exchange rate today, November 19, recorded a decrease in USD while EUR increased by 0.54%, reaching 1.0598 USD.


Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/19/2024 07:57 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 15,994.12 16,155.68 16,673.98
CANADIAN DOLLAR CAD 17,569.67 17,747.14 18,316.50
SWISS FRANC CHF 27,894.40 28,176.16 29,080.10
YUAN RENMINBI CNY 3,417.36 3,451.88 3,562.62
DANISH KRONE DKK - 3,523.71 3,658.64
EURO EUR 26,087.86 26,351.38 27,518.31
Sterling Pound GBP 31,260.90 31,576.67 32,589.70
HONGKONG DOLLAR HKD 3,178.97 3,211.08 3,314.10
INDIAN RUPEE INR - 300.06 312.06
YEN JPY 158.81 160.41 168.04
KOREAN WON KRW 15.73 17.47 18.96
KUWAITIAN DINAR KWD - 82,366.17 85,659.10
MALAYSIAN RINGGIT MYR - 5,619.42 5,741.98
NORWEGIAN KRONER NOK - 2,246.50 2,341.88
RUSSIAN RUBLE RUB - 241.62 267.47
SAUDI RIAL SAR - 6,745.35 6,993.29
SWEDISH KRONA SEK - 2,267.61 2,363.89
SINGAPORE DOLLAR SGD 18,425.26 18,611.37 19,208.45
THAILAND THB 645.26 716.96 744.41
US DOLLAR USD 25,170.00 25,200.00 25,502.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on November 18, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,288, down 10 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: 25,170 - 25,502 VND.

Vietinbank : 25,085 - 25,502 VND.

The USD exchange rate on the free market increased compared to the previous session. In the Hanoi market, on the morning of November 18, the USD was traded (buying - selling) at around 25,658 - 25,778 VND/USD, up 9 VND/USD for buying and up 29 VND/USD for selling compared to the same trading time yesterday morning.

(Nguồn: CNN)
Foreign exchange rates, USD/VND exchange rate today, November 19: USD 'reversed', free market continued to 'fly high'. (Source: CNN)

Exchange rate developments in the world market

In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.47% to 106.22.

The USD fell while the EUR increased 0.54% to 1.0598 USD.

The DXY index hit a more than one-year high of 107.07 last week, on expectations that a Donald Trump victory could lead to higher tariffs and potentially spur inflation, which would slow the pace of interest rate cuts by the US Federal Reserve.

In a contrasting development, the US dollar rose against the Japanese yen, continuing its recent upward trend, after a Bank of Japan (BoJ) official signaled that monetary policy would continue to tighten, but remained vague about the timing of a rate hike.

Bank of Japan Governor Kazuo Ueda reaffirmed that the economy is moving toward sustainable wage-driven inflation and warned against keeping borrowing costs too low, leaving open the possibility of another interest rate hike as early as next month.

These are his first comments on monetary policy since Donald Trump's victory in the US presidential election two weeks ago.

However, Governor Ueda gave no hints on whether there would be a rate hike in December.

Marc Chandler, market strategist at Bannockburn Global Forex in New York, said the market was expecting the BoJ to be better prepared for its next move, but the Bank of Japan governor gave no indication of when it would raise interest rates, which has caused the yen to continue to weaken.

Previously, the BOJ unexpectedly raised short-term interest rates at its July meeting.

The dollar rose 0.17% to 154.6 yen. The greenback snapped a four-session rally against the Japanese currency late last week after Finance Minister Katsunobu Kato warned that the government would take action to counter excessive moves in the currency market.

Markets are pricing in about a 54% chance that the BoJ will raise rates by 25 basis points at its next policy meeting on Dec. 19, little changed from before Ueda's speech.

Meanwhile, two top European Central Bank policymakers have expressed concern about the damage new US trade tariffs could do to economic growth in the euro zone.

The British pound rose 0.47% in the last trading session to $1.2674, after falling 2.4% last week, its biggest weekly decline since early February 2023.



Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1911-usd-dao-chieu-thi-truong-tu-do-tiep-da-bay-cao-294208.html

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