Foreign exchange rates, specifically the USD/VND exchange rate today, October 25th, show the EUR and Japanese Yen rising, while the USD reversed its upward trend after reaching its highest level in nearly three months.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: 25/10/2024 09:29 - Time of source website update | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,413.74 | 16,579.54 | 17,111.42 |
| CANADIAN DOLLAR | CAD | 17,870.98 | 18,051.49 | 18,630.60 |
| SWISS FRANCE | CHF | 28,582.01 | 28,870.71 | 29,796.91 |
| YUAN RENMINBI | CNY | 3,477.10 | 3,512.22 | 3,624.90 |
| DANISH KRONE | DKK | But | 3,616.47 | 3,754.96 |
| EURO | CZ | 26,778.75 | 27,049.24 | 28,247.06 |
| POUND STERLING | GBP | 32,089.95 | 32,414.09 | 33,453.97 |
| HONG KONG DOLLAR | HKD | 3,185.67 | 3,217.85 | 3,321.08 |
| INDIAN RUPEE | INR | But | 301.28 | 313.32 |
| YEN | rush | 161.20 | 162.83 | 170.57 |
| Korean Won | KRW | 15.91 | 17.68 | 19.18 |
| KUWAITI DINAR | KWD | But | 82,829.76 | 86,141.17 |
| MALAYSIAN RINGGIT | MYR | But | 5,784.69 | 5,910.86 |
| NORWEGIAN KRONER | NOK | But | 2,275.52 | 2,372.13 |
| RUSSIAN RUBLE | RUB | But | 251.14 | 278.02 |
| SAUDI RIAL | SAR | But | 6,744.06 | 7,013.68 |
| SWEDISH KRONA | SEK | But | 2,354.03 | 2,453.98 |
| SINGAPORE DOLLAR | SGD | 18,766.49 | 18,956.05 | 19,564.18 |
| THAILAND BAHT | THB | 666.41 | 740.46 | 768.81 |
| US DOLLAR | cau | 25,197.00 | 25,227.00 | 25,467.00 |
Exchange rate movements in the domestic market
On the domestic market, according to TG&VN 's report at 7:50 AM on October 25th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,260 VND, an increase of 10 VND.
The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,450 VND.
The USD exchange rates at commercial banks for buying and selling are as follows:
Vietcombank: 25,203 - 25,473 VND.
Vietinbank : 25,070 - 25,452 VND.
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| Foreign exchange rates, USD/VND exchange rate today, October 25th: USD dominates the market. (Source: CNBC) |
Exchange rate movements in the global market.
In the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 104.02, down 0.41%.
The euro and Japanese yen rose, while the US dollar reversed course and fell after reaching its highest level in nearly three months.
The number of initial jobless claims fell weekly to 227,000, lower than the 242,000 economists had predicted in a Reuters poll. The number of claims continued to rise to its highest level in nearly three years.
The greenback has risen in 16 of the last 18 sessions, on track for a fourth consecutive weekly gain, as a series of positive economic data has eased expectations about the size and pace of Fed interest rate cuts, which has also boosted US Treasury yields.
Joseph Trevisani, senior analyst at FXStreet in New York, said: “We are looking at some profit-taking moves for the dollar.”
The yield on the benchmark 10-year US Treasury bond fell 4.6 basis points to 4.196%, after reaching 4.26% in the previous session, its highest level in three months.
The euro rose 0.39%, reaching $1.0823 after hitting a near four-month low of $1.076 in trading on October 23.
A survey shows that business activity in the eurozone stalled again last month, but the decline in Germany, Europe's largest economy, has eased somewhat compared to the previous month.
The market is pricing in a 95.1% chance that the Fed will cut interest rates by 25 basis points at its November meeting, with a 4.9% chance that the US central bank will keep rates unchanged, according to CME's FedWatch Tool.
The market had fully priced in a cut of at least 25 basis points last month, with a 58.2% probability of a 50 basis point cut.
Conversely, expectations that the European Central Bank (ECB) will cut interest rates faster and more significantly have risen, putting pressure on the EUR, after a series of policymakers warned of the risk of failing to meet the central bank's 2% inflation target.
The British pound rose 0.39%, reaching $1.2971.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2510-usd-mot-minh-mot-cho-291216.html
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