USD soars, Yuan and EUR "go hand in hand" to go down

Foreign exchange rate, USD/VND exchange rate today, November 13, recorded that the USD increased to its highest level in more than 6 months.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/13/2024 08:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,165.07	16,328.35	16,852.24
CANADIAN DOLLAR	CAD	17,697.14	17,875.90	18,449.44
SWISS FRANC	CHF	28,019.46	28,302.49	29,210.57
YUAN RENMINBI	CNY	3,414.92	3,449.41	3,560.09
DANISH KRONE	DKK	-	3,545.49	3,681.27
EURO	EUR	26,248.79	26,513.93	27,688.14
Sterling Pound	GBP	31,616.57	31,935.93	32,960.58
HONGKONG DOLLAR	HKD	3,175.15	3,207.23	3,310.13
INDIAN RUPEE	INR	-	299.47	311.44
YEN	JPY	158.95	160.55	168.19
KOREAN WON	KRW	15.57	17:30	18.77
KUWAITIAN DINAR	KWD	-	82,230.59	85,518.36
MALAYSIAN RINGGIT	MYR	-	5,653.88	5,777.21
NORWEGIAN KRONER	NOK	-	2,244.02	2,339.30
RUSSIAN RUBLE	RUB	-	246.19	272.53
SAUDI RIAL	SAR	-	6,727.40	6,996.38
SWEDISH KRONA	SEK	-	2,281.30	2,378.17
SINGAPORE DOLLAR	SGD	18,474.23	18,660.84	19,259.57
THAILAND	THB	643.43	714.93	742.31
US DOLLAR	USD	25,130.00	25,160.00	25,480.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on November 13, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,267 VND, down 11 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: 25,130 - 25,480 VND.

Vietinbank : 25,025 - 25,480 VND.

Foreign exchange rates, USD/VND exchange rate today, November 13: USD skyrockets, Yuan and EUR 'go hand in hand' to go down. (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) increased by 0.41% to 105.95.

The US dollar rose to its highest level in more than six months as markets expect the US Federal Reserve (Fed) to be less likely to cut interest rates.

The yield on the benchmark 10-year US bond also rose 13.1 basis points to 4.439%.

The DXY index at one point increased to 106.17 - the highest level since early May.

Following the Fed's recent decision to cut its benchmark interest rate by 25 basis points to a range of 4.50% to 4.75%, traders now see a 59% chance of another rate cut in December, compared with around 80% before Donald Trump's election victory last week.

According to Decision Desk HQ, the fact that Donald Trump's Republican Party is preparing to take control of the House of Representatives will allow Trump to push through his policies after taking office in January 2025.

In addition, the eurozone and China are also expected to face higher tariffs under Trump.

Since last week's US presidential election, the euro has weakened to a seven-month low and the yuan has fallen to its lowest in more than seven months.

The euro is also under pressure from political uncertainty in the region. Germany, the bloc’s largest economy, will hold elections on February 23.

Accordingly, the EUR fell to 1.0596 USD in the last trading session, the lowest level since November 2023, and closed the trading session down 0.32%, currently at 1.06215 USD.

Meanwhile, the pound also fell 0.99% to $1.2742, after data showed the UK's typical wage growth slowed and the unemployment rate rose.

Against the Japanese yen, the dollar rose 0.6 percent to 154.63 yen. The Japanese currency fell to a three-month low of 154.715 dollars last week.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1311-usd-tang-vot-nhan-dan-te-va-eur-dat-tay-nhau-di-xuong-293487.html