The USD surged, surpassing the 108 mark, while the South Korean Won remained sluggish.

Foreign exchange rates, specifically the USD/VND exchange rate today, December 20th, show the US dollar rising above 108, reaching its highest level in two years.

Foreign exchange rate update table - Agribank USD exchange rate today

1. Agribank - Updated: 20/12/2024 08:00 - Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,270	25,279	25,519
CZ	CZ	25,870	25,974	27,071
GBP	GBP	31,406	31,532	32,494
HKD	HKD	3,208	3,221	3,326
CHF	CHF	27,731	27,842	28,681
rush	rush	160.54	161.18	168.16
AUD	AUD	15,530	15,592	16,079
SGD	SGD	18,356	18,430	18,940
THB	THB	717	720	751
CAD	CAD	17,296	17,365	17,855
NZD	NZD		14,066	14,552
KRW	KRW		16.86	18.47

Exchange rate movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:00 AM on December 20th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,278.

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 : 25,161 - 25,491 VND.

Vietinbank : 25,180 - 25,485 VND.

Foreign exchange rates, USD/VND exchange rate today, December 20th: USD soars, surpassing 108, South Korean Won remains sluggish. (Source: CNBC)

Exchange rate movements in the global market.

The US Dollar Index (DXY), which measures the fluctuations of the greenback against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose 1.28%, currently standing at 108.24.

The US dollar rose against other currencies, reaching its highest level in two years. This development followed the Federal Reserve's expected interest rate cut, while also indicating a slowdown in its monetary easing cycle.

The Fed lowered its benchmark interest rate by 25 basis points, bringing it to a range of 4.25%-4.5%. At the same time, Fed officials signaled that they may pause future rate cuts next year due to the current stability of the labor market and inflation.

The yield on the benchmark 10-year US Treasury bond rose 6.1 basis points to 4.446%, reaching its highest level in four weeks.

The US dollar also rose 0.89%, reaching 0.90020 against the Swiss franc, after hitting 0.90150 – its highest level since July. The euro fell 1.17% to $1.03695, dropping to its lowest level in three weeks.

The DXY index at one point reached its highest level since November 2022 at 108.26.

Fed Chairman Jerome Powell stated in his press conference: "The Fed now needs to be cautious in cutting interest rates and in all monetary policy decisions, and look for clues and data that indicate progress on inflation."

When interest rates are low, borrowing costs are cheaper, allowing businesses to invest in new projects or hire more staff. Similarly, consumers spend more because saving money becomes less attractive.

The US dollar rose to its highest level in 15 years against the South Korean won, reaching 1,454.41 – its highest level since March 2009. The dollar last gained 1.03%, reaching 1,452.19/USD.

The US dollar also rose 0.78%, reaching 154.63 against the Japanese yen, hitting a three-week high. The Bank of Japan is expected to keep interest rates unchanged at its policy meeting today, December 19th.

The Bank of England is also expected to keep interest rates unchanged at its policy meeting today, December 19th. The British pound edged lower against the euro and the dollar following the Fed's decision. The currency fell 0.98% to $1.25860, dropping to its lowest level in three weeks.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2012-usd-tang-phi-ma-vuot-moc-108-won-han-quoc-i-ach-297985.html