USD steady, surpassing 108; Japanese Yen slightly inched up

Foreign exchange rates, USD/VND exchange rate today, December 24, recorded that the USD has recovered to above 108, while the EUR has decreased.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: December 24, 2024 10:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,280	25,283	25,523
EUR	EUR	25,941	26,045	27,143
GBP	GBP	31,274	31,400	32,361
HKD	HKD	3,210	3,223	3,327
CHF	CHF	27,780	27,892	28,734
JPY	JPY	158.10	158.73	165.51
AUD	AUD	15,562	15,624	16,129
SGD	SGD	18,421	18,495	19,007
THB	THB	724	727	758
CAD	CAD	17,376	17,446	17,939
NZD	NZD		14,114	14,600
KRW	KRW		16.80	18.44

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 24, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,315 VND, down 9 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 : 25,200 - 25,530 VND.

Vietinbank : 25,225 - 25,530 VND.

Foreign exchange rates, USD/VND exchange rate today, December 24: USD stable, surpassing 108; Japanese Yen slightly increased. (Source: Forbes)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.45% to 108.07.

The US dollar has recovered while the euro has fallen as currency moves in the market are being dictated by recent meetings of central banks across the globe, setting expectations for varying paths of interest rate cuts next year.

The DXY index continued its upward trajectory last week, having suffered its biggest one-day drop in nearly a month late last week after inflation came in lower than expected but still above the Federal Reserve’s 2% target.

Last week, the Fed signaled a more measured pace of rate cuts than markets had expected, sending both the dollar and US Treasury yields sharply higher.

The DXY index is currently anchored near a two-year high, while the euro is down 0.2% at $1.0408.

Traders are pricing in a 33 basis point rate cut next year, down from the two 25 basis point rate cuts the Fed projected last week. Markets are not betting much on a rate cut before the May policy meeting, according to the CME FedWatch Tool.

The euro zone is getting closer to the ECB's medium-term inflation target, European Central Bank President Christine Lagarde said in an interview published in the Financial Times on December 23.

Trading volumes are likely to be light this week as the holiday season approaches.

Compared to the Japanese Yen, the USD increased by 0.43% to 157.08.

The British pound fell 0.33% to $1.2528. The Bank of England kept interest rates unchanged at its meeting last week.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2412-usd-vung-vang-vuot-moc-108-yen-nhat-nhich-nhe-298417.html