Japanese Yen Receives Bad News

Foreign exchange rates, USD/VND exchange rate today, December 27, recorded a slight decrease in USD but still reached a 5-month peak compared to the Japanese Yen.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: December 27, 2024 08:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,250	25,265	25,525
EUR	EUR	25,913	26,017	27,114
GBP	GBP	31,294	31,420	32,380
HKD	HKD	3,209	3,222	3,326
CHF	CHF	27,732	27,843	28,683
JPY	JPY	157.99	158.62	165.40
AUD	AUD	15,554	15,616	16,121
SGD	SGD	18,385	18,459	18,970
THB	THB	725	728	759
CAD	CAD	17,396	17,466	17,961
NZD	NZD		14,127	14,613
KRW	KRW		16.69	18.32

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 27, 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 27: Japanese Yen receives bad news. (Source: Shutterstock)

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) decreased by 0.18%, currently at 108.08.

The US dollar edged down in the last session, hitting a five-month high against the Japanese yen.

The reason is that experts expect the greenback to be boosted next year by the policies of the incoming administration of President-elect Donald Trump, which are expected to boost growth and raise inflation.

Trading volume was thin in the last session as many traders were on holiday for Christmas and New Year.

Expectations about how many interest rate cuts the US Federal Reserve (Fed) could make next year have contributed to the greenback's rally in recent weeks.

Last week, the US central bank cut interest rates by 25 basis points as expected and Fed Chairman Jerome Powell said further cuts in borrowing costs now depend on further progress in taming still-high inflation.

Fed policymakers raised their inflation forecasts for 2025 and forecast a total of about 50 basis points of interest rate cuts next year.

Money market traders are currently pricing in about a 38 basis point cut from the Fed next year, with about a 50% chance of a second 25 basis point cut.

Elsewhere, the euro rose 0.13 percent to $1.0418. The single currency had fallen to $1.03435 late last week, its lowest since November 22.

Meanwhile, the greenback rose 0.35% to 157.93 Japanese yen, having earlier hit 158.09, its highest since July 17.

The Japanese Yen has been affected by the large interest rate differential between the US and Japan.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2712-yen-nhat-don-tin-xau-298721.html