Japanese Yen receives bad news.

Foreign exchange rates, specifically the USD/VND exchange rate today, December 27th, show a slight decrease in the US dollar, but it remains at a 5-month high against the Japanese Yen.

Foreign exchange rate update table - Agribank USD exchange rate today

1. Agribank - Updated: 27/12/2024 08:30 - Time provided by the website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,250	25,265	25,525
CZ	CZ	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
rush	rush	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 movements in the domestic market

On the domestic market, according to TG&VN 's report at 7:00 AM on December 27th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,315 VND, a decrease of 9 VND.

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 : 25,200 - 25,530 VND.

Vietinbank : 25,225 - 25,530 VND.

Foreign exchange rates, USD/VND exchange rate today, December 27th: Japanese Yen receives bad news. (Source: Shutterstock)

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), fell 0.18%, currently standing at 108.08.

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

This is because experts expect the US dollar to be boosted next year by the policies of the upcoming administration of President-elect Donald Trump, which are expected to stimulate growth and raise inflation.

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

Predictions about the number of interest rate cuts the US Federal Reserve (Fed) may implement next year have contributed to the rise in the value of the US dollar in recent weeks.

Last week, the US central bank proceeded with a 25-basis-point interest rate cut as planned, and Fed Chairman Jerome Powell said further cuts to borrowing costs now depend on further progress in curbing inflation, which remains high.

Fed policymakers have raised their inflation forecast for 2025 and projected total interest rate cuts of around 50 basis points next year.

Currency market traders are currently pricing in a Fed cut of around 38 basis points next year, with about a 50% chance that the Fed will implement a second 25 basis point cut.

In other developments, the euro rose 0.13%, reaching $1.0418. The common currency had fallen to $1.03435 at the end of last week, its lowest level since November 22nd.

Meanwhile, the US dollar rose 0.35%, reaching 157.93 Japanese Yen, after earlier hitting 158.09, its highest level 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