Foreign exchange rates, USD/VND exchange rate today, July 31, recorded the Japanese Yen increasing in value when there was news that BOJ is considering raising interest rates to 0.25%.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: 07/31/2024 08:28 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,122.56 | 16,285.41 | 16,807.99 |
| CANADIAN DOLLAR | CAD | 17,791.29 | 17,971.00 | 18,547.65 |
| SWISS FRANC | CHF | 27,810.30 | 28,091.22 | 28,992.61 |
| YUAN RENMINBI | CNY | 3,411.26 | 3,445.71 | 3,556.82 |
| DANISH KRONE | DKK | - | 3,597.58 | 3,735.37 |
| EURO | EUR | 26,650.02 | 26,919.21 | 28,111.47 |
| Sterling Pound | GBP | 31,658.76 | 31,978.54 | 33,004.68 |
| HONGKONG DOLLAR | HKD | 3,154.59 | 3,186.45 | 3,288.70 |
| INDIAN RUPEE | INR | - | 301.11 | 313.15 |
| YEN | JPY | 159.32 | 160.93 | 168.62 |
| KOREAN WON | KRW | 15.80 | 17.55 | 19.14 |
| KUWAITIAN DINAR | KWD | - | 82,454.45 | 85,751.46 |
| MALAYSIAN RINGGIT | MYR | - | 5,396.95 | 5,514.69 |
| NORWEGIAN KRONER | NOK | - | 2,250.86 | 2,346.44 |
| RUSSIAN RUBLE | RUB | - | 278.51 | 308.31 |
| SAUDI RIAL | SAR | - | 6,721.38 | 6,990.14 |
| SWEDISH KRONA | SEK | - | 2,284.98 | 2,382.01 |
| SINGAPORE DOLLAR | SGD | 18,350.37 | 18,535.73 | 19,130.51 |
| THAILAND | THB | 621.15 | 690.16 | 716.60 |
| US DOLLAR | USD | 25,090.00 | 25,120.00 | 25,460.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:30 a.m. on July 31, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,257 VND, an increase of 5 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: 25,090 VND - 25,460 VND.
Vietinbank : 25,005 VND - 25,435 VND.
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| Foreign exchange rates, USD/VND exchange rate today July 31: Is the increase in Japanese Yen only temporary? USD is going down. (Source: tradestation) |
Exchange rate developments in the world market
The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 104.45, down 0.11%.
The US dollar fell, while the Japanese yen rose due to reports that the Bank of Japan (BOJ) is considering raising interest rates to 0.25% after its policy meeting today (July 31).
This would be up from the current 0-0.1% and above what the market is pricing in, with around a 55% chance of a 10 basis point rate hike.
The dollar closed down 0.47% at 153.29 yen per dollar. The greenback has been falling against the Japanese currency since hitting a 38-year high of 161.96 on July 3.
The yen's further gains may be temporary, as the currency will likely continue to be affected by the large differential between US and Japanese interest rates, said Brad Bechtel, global head of FX at Jefferies in New York.
“The yen will eventually weaken over time. It’s just a matter of how long that period lasts,” he said.
The US Federal Reserve (Fed) is expected to keep interest rates unchanged at its policy meeting today (July 31), but may give clues that it is getting closer to cutting rates.
Traders see a September rate cut as a certainty, pricing in a second and possibly third cut by the end of the year.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-317-usd-di-xuong-yen-nhat-tang-gia-chi-la-tam-thoi-280697.html
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