USD anchors at one-year peak, EUR, Japanese Yen fall sharply

Foreign exchange rates, USD/VND exchange rate today, November 14, recorded USD increasing to its highest level in a year compared to major currencies.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/14/2024 10:58 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,039.46	16,201.47	16,721.27
CANADIAN DOLLAR	CAD	17,659.23	17,837.61	18,409.90
SWISS FRANC	CHF	27,896.01	28,177.78	29,081.83
YUAN RENMINBI	CNY	3,421.12	3,455.67	3,566.54
DANISH KRONE	DKK	-	3,525.22	3,660.22
EURO	EUR	26,099.02	26,362.65	27,530.13
Sterling Pound	GBP	31,379.61	31,696.58	32,713.51
HONGKONG DOLLAR	HKD	3,176.52	3,208.61	3,311.55
INDIAN RUPEE	INR	-	299.59	311.57
YEN	JPY	157.08	158.67	166.22
KOREAN WON	KRW	15.59	17.33	18.80
KUWAITIAN DINAR	KWD	-	82,188.56	85,474.55
MALAYSIAN RINGGIT	MYR	-	5,615.29	5,737.77
NORWEGIAN KRONER	NOK	-	2,232.09	2,326.86
RUSSIAN RUBLE	RUB	-	245.02	271.24
SAUDI RIAL	SAR	-	6,730.74	6,978.15
SWEDISH KRONA	SEK	-	2,262.87	2,358.95
SINGAPORE DOLLAR	SGD	18,407.58	18,593.52	19,190.06
THAILAND	THB	641.36	712.62	739.91
US DOLLAR	USD	25,154.00	25,184.00	25,504.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on November 14, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,288 VND, an increase of 21 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: 25,150 - 25,502 VND.

Vietinbank : 25,010 - 25,502 VND.

Foreign exchange rates, USD/VND exchange rate today, November 14: USD anchors at one-year peak, EUR, Japanese Yen fall sharply. (Source: CNBC)

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) reached 106.51, up 0.49%.

The US dollar rose to a one-year high against major currencies.

Accordingly, the greenback has reached its highest level since November 2023, boosted by Donald Trump's victory in the US presidential election last week.

This has raised expectations of tariffs that could cause inflation in the world's largest economy, along with new policies when Mr. Trump takes office next January.

Mr. Trump's Republican Party is also likely to control both the Senate and the House of Representatives when he takes office, Edison Research predicted on November 13.

The DXY index rose 0.49% to 106.51 after hitting a one-year high of 106.53.

“The latest inflation data came in line with market expectations,” said Brad Bechtel, global head of FX at Jefferies.

Specifically, data released by the US Department of Labor on November 13 showed that the US Consumer Price Index (CPI) increased by 0.2% for the fourth consecutive month, in line with economists' expectations, amid rising housing costs such as rent.

In the 12 months to October, CPI increased 2.6%.

Meanwhile, US Treasury yields fell after the inflation data, with the two-year yield, which typically moves in line with interest rate expectations, down 6.5 basis points to 4.279%.

The yen broke through 155 yen per dollar, the Japanese currency's weakest level since late July. It was last at 155.46 yen per dollar.

In a similar development, the EUR continued to fall amid expectations of possible tax imposition by US President-elect Donald Trump.

The euro fell 0.51% to $1.0569. The currency had fallen to $1.055575, its lowest since November 2023.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1411-usd-neo-dinh-mot-nam-eur-yen-nhat-giam-manh-293668.html