USD surpasses 107 mark, free market causes surprise

Foreign exchange rate, USD/VND exchange rate today, November 22, recorded USD at 107.15, the highest level since October 4, 2023.

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: 11/22/2024 07:58 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
AUSTRALIAN DOLLAR	AUD	16,131.93	16,294.87	16,817.61
CANADIAN DOLLAR	CAD	17,736.53	17,915.69	18,490.41
SWISS FRANC	CHF	28,053.88	28,337.26	29,246.30
YUAN RENMINBI	CNY	3,419.09	3,453.63	3,564.42
DANISH KRONE	DKK	-	3,527.97	3,663.07
EURO	EUR	26,121.19	26,385.04	27,553.41
Sterling Pound	GBP	31,339.98	31,656.54	32,672.07
HONGKONG DOLLAR	HKD	3,183.18	3,215.33	3,318.48
INDIAN RUPEE	INR	-	300.37	312.38
YEN	JPY	158.28	159.87	167.48
KOREAN WON	KRW	15.71	17.46	18.94
KUWAITIAN DINAR	KWD	-	82,571.01	85,871.97
MALAYSIAN RINGGIT	MYR	-	5,628.58	5,751.34
NORWEGIAN KRONER	NOK	-	2,252.21	2,347.82
RUSSIAN RUBLE	RUB	-	240.71	266.47
SAUDI RIAL	SAR	-	6,752.25	7,000.42
SWEDISH KRONA	SEK	-	2,260.53	2,356.50
SINGAPORE DOLLAR	SGD	18,459.42	18,645.88	19,244.03
THAILAND	THB	649.01	721.12	748.74
US DOLLAR	USD	25,170.00	25,200.00	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 22, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,290 VND, an increase of 5 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: 25,170 - 25,504 VND.

Vietinbank : 25,220 - 25,504 VND.

The USD exchange rate on the free market this morning decreased compared to the previous session. At the Hanoi market, at 6:00 a.m. on November 22, the USD was traded (buying - selling) at around 25,659 - 25,759 VND/USD, down sharply by 68 VND/USD for buying and down sharply by 89 VND/USD for selling compared to the same trading time yesterday morning.

Foreign exchange rates, USD/VND exchange rate today, November 22: USD surpasses 107, free market causes surprise. (Source: Fx3)

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 0.36% to 107.04.

The US dollar rose to a 13-month high as investors assessed the latest labour market data and comments from US Federal Reserve officials on the path of interest rates.

Initial weekly jobless claims fell 6,000 to a seasonally adjusted 213,000, the lowest in seven months and below the 220,000 estimate of economists in a Reuters poll, according to new data.

The data showed a recovery in job growth after being disrupted by storms and worker strikes last month.

However, the report also pointed to slack in the labor market as the unemployed took longer to find new jobs, as the number of unemployed rose to a three-year high, giving the Fed room to cut interest rates again in December.

Recent comments from Fed officials, including Fed Chairman Jerome Powell, have suggested that the central bank may take a slower pace of rate cuts, amid concerns that Donald Trump's policies could stoke inflation.

The above factors helped push the USD to 107.15, the highest level since October 4, 2023.

In contrast, the EUR fell 0.64% to $1.0476 after hitting $1.0461, a 13-month low.

Safe-haven currencies such as the Japanese yen and Swiss franc briefly rose following the latest signs of escalating tensions between Ukraine and Russia.

Against the Japanese yen, the dollar fell 0.56 percent to 154.56 after falling as much as 0.98 percent during the session.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2211-usd-vuot-moc-107-thi-truong-tu-do-gay-bat-ngo-294656.html