USD/VND exchange rate today, August 24, 2024 in the domestic market
USD exchange rate today August 24, 2024, USD VCB increased by 30 VND, meanwhile, USD decreased after Powell gave the green light for easing in September.
The central VND/USD exchange rate today (August 24) was announced by the State Bank of Vietnam (SBV) at 24,250 VND/USD, an increase of 5 VND compared to the trading session on August 23.
Currently, the exchange rate allowed for trading by commercial banks (CBs) fluctuates from 23,400 - 25,450 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam (SBV) from 23,400 to 25,450 VND/USD.
The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a series of increases at banks. Specifically, Vietcombank has a buying price of 24,780 and a selling price of 25,150, an increase of 30 VND in the buying price and unchanged in the selling price compared to the trading session on August 23. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.
| 1. VCB – Updated: 08/24/2024 04:58 – Time of the source website | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,368.48 | 16,533.82 | 17,064.69 |
| CANADIAN DOLLAR | CAD | 17,915.39 | 18,096.35 | 18,677.39 |
| SWISS FRANC | CHF | 28,624.60 | 28,913.74 | 29,842.11 |
| YUAN RENMINBI | CNY | 3,428.88 | 3,463.51 | 3,575.26 |
| DANISH KRONE | DKK | – | 3,656.88 | 3,797.02 |
| EURO | EUR | 27,082.83 | 27,356.40 | 28,568.57 |
| Sterling Pound | GBP | 31,941.05 | 32,263.68 | 33,299.61 |
| HONGKONG DOLLAR | HKD | 3,122.18 | 3,153.72 | 3,254.98 |
| INDIAN RUPEE | INR | – | 297.11 | 308.99 |
| YEN | JPY | 166.65 | 168.33 | 176.38 |
| KOREAN WON | KRW | 16.17 | 17.97 | 19.60 |
| KUWAITIAN DINAR | KWD | – | 81,565.75 | 84,828.87 |
| MALAYSIAN RINGGIT | MYR | – | 5,655.12 | 5,778.61 |
| NORWEGIAN KRONER | NOK | – | 2,314.49 | 2,412.81 |
| RUSSIAN RUBLE | RUB | – | 259.37 | 287.13 |
| SAUDI RIAL | SAR | – | 6,639.17 | 6,904.78 |
| SWEDISH KRONA | SEK | – | 2,394.29 | 2,496.01 |
| SINGAPORE DOLLAR | SGD | 18,625.37 | 18,813.51 | 19,417.57 |
| THAILAND | THB | 644.47 | 716.08 | 743.52 |
| US DOLLAR | USD | 24,780.00 | 24,810.00 | 25,150.00 |
| 2. Agribank – Updated: 01/01/1970 08:00 – Time of website source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 24,810.00 | 24,830.00 | 25,170.00 |
| EUR | EUR | 27,262.00 | 27,371.00 | 28,501.00 |
| GBP | GBP | 32,126.00 | 32,255.00 | 33,251.00 |
| HKD | HKD | 3,141.00 | 3,154.00 | 3,260.00 |
| CHF | CHF | 28,798.00 | 28,914.00 | 29,824.00 |
| JPY | JPY | 167.32 | 167.99 | 175.83 |
| AUD | AUD | 16,458.00 | 16,524.00 | 17,035.00 |
| SGD | SGD | 18,758.00 | 18,833.00 | 19,385.00 |
| THB | THB | 707.00 | 710.00 | 741.00 |
| CAD | CAD | 18,037.00 | 18,109.00 | 18,656.00 |
| NZD | NZD | 15,119.00 | 15,628.00 | |
| KRW | KRW | 17.86 | 19.70 | |
| 3. Sacombank – Updated: 24/02/2003 07:16 – Time of website source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 24820 | 24820 | 25140 |
| AUD | AUD | 16596 | 16646 | 17148 |
| CAD | CAD | 18172 | 18222 | 18682 |
| CHF | CHF | 29091 | 29141 | 29694 |
| CNY | CNY | 0 | 3464.1 | 0 |
| CZK | CZK | 0 | 1045 | 0 |
| DKK | DKK | 0 | 3687 | 0 |
| EUR | EUR | 27520 | 27570 | 28272 |
| GBP | GBP | 32525 | 32575 | 33227 |
| HKD | HKD | 0 | 3200 | 0 |
| JPY | JPY | 169.25 | 169.75 | 175.26 |
| KHR | KHR | 0 | 6,032 | 0 |
| KRW | KRW | 0 | 18.4 | 0 |
| LAK | LAK | 0 | 0.9845 | 0 |
| MYR | MYR | 0 | 5856 | 0 |
| NOK | NOK | 0 | 2352 | 0 |
| NZD | NZD | 0 | 15162 | 0 |
| PHP | PHP | 0 | 410 | 0 |
| SEK | SEK | 0 | 2406 | 0 |
| SGD | SGD | 18895 | 18945 | 19497 |
| THB | THB | 0 | 688.6 | 0 |
| TWD | TWD | 0 | 772 | 0 |
| XAU | XAU | 7950000 | 7950000 | 8100000 |
| XBJ | XBJ | 7300000 | 7300000 | 7620000 |
In the "black market", the black market USD exchange rate as of 5:30 a.m. on August 24, 2024 is as follows:
 |
| Black market on August 24, 2024. Photo: Chogia.vn |
USD exchange rate today August 24, 2024 on the world market
The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 100.68 points, down 0.84 points compared to the transaction on August 23, 2024.
 | |
|
The dollar fell on Tuesday and sterling rose to its highest in more than two years after Federal Reserve Chairman Jerome Powell gave a clear signal that a long-awaited US interest rate cut is on the cards next month.
A weak dollar also pushed the euro to a 13-month high and the U.S. currency to a 17-day low against the yen.
“ It is time for policy to adjust ,” Powell said in a keynote speech at the Kansas City Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, as the risks of rising inflation have diminished and the risks of falling employment have increased.
“ We do not seek or welcome further weakness in labor market conditions. We will do everything we can to support a strong labor market as we make further progress toward price stability. With appropriate policy easing, there is good reason to think that the economy will return to 2 percent inflation while maintaining a strong labor market ,” Powell said.
Traders on Friday continued to bet on a 25 basis point rate cut at the Fed’s September 17-18 meeting, pushing the odds to 65% after Powell’s remarks. But they were pricing in about a one-third chance of a 50 basis point cut, up from more than a quarter previously.
The euro and yen rose. That weakened the dollar index, which measures the greenback against a basket of six currencies that includes those two. The index fell 0.81% from late Thursday to 100.64, having risen slightly before Powell spoke.
“ I think the market reaction, a little weaker dollar, a little lower bond yields, is pretty much right. It’s not like he said, ‘We’re going to do three (cuts) of 50 to start the easing cycle, ’” said Steve Englander, head of G10 FX research at Standard Chartered Bank in New York.
“ The implication is that it opens the door to 50 at some point without giving a specific timeline. We still don’t think 50 (basis points) will be the first move, but it could happen quickly if the labor market continues to weaken, ” he said, referring to the Fed chair’s comments on inflation and employment.
A September move would see the Fed exit the restrictive interest rate policy it has adopted since it began raising rates to fight inflation in March 2022, raising the federal funds target range from around zero to 5.25%-5.5%, where it has been since July 2023.
Later, Chicago Federal Reserve Bank President Austan Goolsbee said in an interview with CNBC that while he was not ready to explicitly call for a central bank rate cut, monetary policy is currently quite tight and inappropriate for current economic conditions.
“ FX is a relative game, so expectations of the Fed cutting rates soon along with other major banks are weighing on the dollar, ” said Uto Shinohara, managing director and senior investment strategist at Mesirow in Chicago.
 |
| USD exchange rate on August 24, 2024. Illustration photo |
| Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi: 1. Quoc Trinh Ha Trung Gold Shop – No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 2. Gold and Silver Fine Arts – No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 3. Minh Chien Gold and Silver Store – No. 119 Cau Giay, Cau Giay District, Hanoi 4. Thinh Quang Gold and Silver Company – No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 5. Toan Thuy Store – No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi 6. Bao Tin Minh Chau Gold, Silver and Gemstones – No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi 7. Chinh Quang Store – No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 8. Kim Linh 3 Store – No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 9. Huy Khoi Store – No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi 10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City: 1. Minh Thu Currency Exchange – 22 Nguyen Thai Binh, District 1, HCMC 2. Kim Mai Gold Shop – 84 Cong Quynh, District 1, HCMC 3. Kim Chau Gold Shop – 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City 4. Saigon Jewelry Center – 40-42 Phan Boi Chau, District 1, HCMC 5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City 6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC 7. Kim Tam Hai Shop – No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC 8. Bich Thuy Gold Shop – No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC 9. Ha Tam Gold Shop – No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC 10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank |
Comment (0)