USD hovers near 6-week high

Foreign exchange rates, USD/VND exchange rate today, January 30, recorded the USD index fluctuating close to the highest level in the past 6 weeks.

Update foreign exchange rates - Vietcombank USD exchange rates today

1. VCB - Updated: 01/30/2024 08:58 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	15,820.02	15,979.82	16,493.39
CANADIAN DOLLAR	CAD	17,835.20	18,015.36	18,594.34
SWISS FRANC	CHF	27,765.74	28,046.21	28,947.57
YUAN RENMINBI	CNY	3,346.10	3,379.90	3,489.05
DANISH KRONE	DKK	-	3,501.39	3,635.68
EURO	EUR	25,901.43	26,163.06	27,323.17
Sterling Pound	GBP	30,394.81	30,701.83	31,688.54
HONGKONG DOLLAR	HKD	3,060.09	3,091.00	3,190.34
INDIAN RUPEE	INR	-	294.24	306.02
YEN	JPY	161.58	163.21	171.02
KOREAN WON	KRW	15.94	17.71	19.32
KUWAITIAN DINAR	KWD	-	79,522.36	82,706.16
MALAYSIAN RINGGIT	MYR	-	5,135.94	5,248.25
NORWEGIAN KRONER	NOK	-	2,309.48	2,407.66
RUSSIAN RUBLE	RUB	-	261.48	289.48
SAUDI RIAL	SAR	-	6,522.95	6,784.11
SWEDISH KRONA	SEK	-	2,305.20	2,403.21
SINGAPORE DOLLAR	SGD	17,855.18	18,035.54	18,615.18
THAILAND	THB	612.98	681.09	707.21
US DOLLAR	USD	24,340.00	24,370.00	24,710.00

Foreign exchange rates today January 30

Exchange rate developments in the domestic market

In the domestic market, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD on January 30, up 5 VND, currently at: 24,036 VND.

The reference exchange rate at the State Bank's transaction office for buying and selling has slightly decreased, currently at: 23,400 VND - 25,187 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 24,395 VND – 24,715 VND

Vietinbank : 24,390 VND – 24,755 VND

Tỷ giá ngoại tệ, tỷ giá USD/VND hôm nay 30/1:

Foreign exchange rates, USD/VND exchange rate today, January 30: USD fluctuates near a six-week high. (Source: CFR)

Exchange rate developments in the world market

According to TG&VN at 7:15 this morning (January 30), the USD Index - a measure of the greenback's strength against other major currencies - is currently at 103.77.

At the same time, the Euro exchange rate against the USD increased by 0.04% to 1.0838. The British Pound exchange rate against the USD increased by 0.03% to 1.2715. The USD exchange rate against the Japanese Yen decreased by 0.27% to 147.76.

The US dollar index remains hovering near a six-week high.

Investors are now bracing for the prospect of the US Federal Reserve (Fed) keeping interest rates on hold again.

The US economy has been showing positive signs lately. This contrasts with the gloomy economic outlook in European countries, making the Euro less attractive than the USD.

There are hopes that the Fed's statement and subsequent press conference by Fed Chairman Jerome Powell could contain clues about the timing of the first rate cut in nearly four years, said David Morrison, senior market analyst at investment brokerage Trade Nation.

Lloyds Bank economist Nikesh Sawjani said speculation about the short-term path of interest rates continued to be the dominant factor driving financial market volatility.

“The Fed is now facing an economic picture that remains better than expected despite continued declines in inflation. This hardly suggests that the economy urgently needs a rate cut,” the expert stressed.

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