Foreign exchange rates, USD/VND exchange rate today, September 16, recorded that the USD has been stable and fluctuated over the past three weeks.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: September 16, 2024 08:55 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,050.61 | 16,212.74 | 16,733.77 |
| CANADIAN DOLLAR | CAD | 17,622.31 | 17,800.32 | 18,372.37 |
| SWISS FRANC | CHF | 28,244.38 | 28,529.67 | 29,446.54 |
| YUAN RENMINBI | CNY | 3,389.86 | 3,424.10 | 3,534.67 |
| DANISH KRONE | DKK | - | 3,582.08 | 3,719.45 |
| EURO | EUR | 26,525.36 | 26,793.30 | 27,981.31 |
| Sterling Pound | GBP | 31,426.66 | 31,744.10 | 32,764.27 |
| HONGKONG DOLLAR | HKD | 3,068.24 | 3,099.23 | 3,198.83 |
| INDIAN RUPEE | INR | - | 291.84 | 303.53 |
| YEN | JPY | 169.46 | 171.17 | 179.36 |
| KOREAN WON | KRW | 16.00 | 17.78 | 19.40 |
| KUWAITIAN DINAR | KWD | - | 80,265.70 | 83,479.15 |
| MALAYSIAN RINGGIT | MYR | - | 5,650.80 | 5,774.36 |
| NORWEGIAN KRONER | NOK | - | 2,262.65 | 2,358.84 |
| RUSSIAN RUBLE | RUB | - | 259.59 | 287.38 |
| SAUDI RIAL | SAR | - | 6,523.58 | 6,784.75 |
| SWEDISH KRONA | SEK | - | 2,354.68 | 2,454.78 |
| SINGAPORE DOLLAR | SGD | 18,447.04 | 18,633.38 | 19,232.20 |
| THAILAND | THB | 653.21 | 725.79 | 753.63 |
| US DOLLAR | USD | 24,350.00 | 24,380.00 | 24,720.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:50 a.m. on September 16, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,172 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,335 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 24,360 VND - 24,730 VND.
Vietinbank : 24,220 VND - 24,720 VND.
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| Foreign exchange rates, USD/VND exchange rate today, September 16: USD stable before receiving important news from the Fed. (Source: Getty Images) |
Exchange rate developments in the world market
The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 101.11.
The DXY index remained in a narrow range throughout last week, making it the third week of stability and volatility.
This clearly shows that the market is waiting for the outcome of the US Federal Reserve (Fed) meeting this week.
The market is expecting the Fed to cut interest rates by 25 basis points at its meeting this week, while some market segments are also expecting a 50 basis point rate cut on September 19.
More than rate cuts, the Fed's economic projections and dot plot will signal the central bank's future rate cut path.
That could set the tone for future USD volatility.
US interest rate futures markets last week priced in a 51% chance of the Fed easing by 50 basis points at the conclusion of its two-day meeting in mid-week, up from around 15% previously.
Meanwhile, some US economic data released on September 12 reinforced expectations that the Fed would cut rates by 25 basis points.
The future picture is still unclear for the DXY index. The index has been trading in a range of 100.5-102. A breakout on either end of 100.5 and 102 is needed to give a clearer indication of the next move.
A break below 100.5 could take the index down to the 100-99.50 zone. On the other hand, a move above 102 and then above 102.25 would be bullish. That could pave the way for the DXY to return to 104-105 in the coming months.
Meanwhile, the EUR has been in a bearish correction over the past few weeks. It is likely to fall further to 1.10 or even 1.0950.
However, the 1.10-1.0950 zone is considered a strong support zone that could stop this correction. A fresh rise from this support zone could send the EUR back to 1.12 and even higher in the coming weeks.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-169-usd-on-dinh-truoc-khi-don-tin-quan-trong-tu-fed-286431.html
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