US dollar falls to 9-month low

Báo Công thươngBáo Công thương14/09/2024


USD exchange rate today 9/14/2024

USD exchange rate today September 14, 2024, USD VCB decreased by 20 VND, meanwhile, USD fell to its lowest level in nearly 9 months against Yen amid rumors that the Fed will cut interest rates more.

The central VND/USD exchange rate announced by the State Bank of Vietnam (SBV) today is adjusted to 24,172 VND/USD, down 15 VND compared to the trading session on September 13.

Currently, the permitted exchange rate of commercial banks fluctuates from 23,400 - 25,450 VND/USD. The USD exchange rate has also been brought to the buying and selling range of 23,400 to 25,450 VND/USD by the State Bank of Vietnam.

The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a decrease at banks. Specifically, Vietcombank has a buying price of 24,360 and a selling price of 24,730, down 20 VND compared to the selling price compared to the trading session on September 13. The current USD buying and selling prices are in the range of 24,000 - 25,500 VND/USD.

1. VCB - Updated: September 14, 2024 13:27 - Time of website supply source
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,097.83 16,260.44 16,782.99
CANADIAN DOLLAR CAD 17,635.99 17,814.13 18,386.62
SWISS FRANC CHF 28,182.70 28,467.37 29,382.21
YUAN RENMINBI CNY 3,385.70 3,419.90 3,530.34
DANISH KRONE DKK - 3,581.35 3,718.70
EURO EUR 26,526.61 26,794.55 27,982.60
Sterling Pound GBP 31,456.22 31,773.96 32,795.07
HONGKONG DOLLAR HKD 3,069.29 3,100.29 3,199.93
INDIAN RUPEE INR - 291.84 303.52
YEN JPY 168.91 170.62 178.78
KOREAN WON KRW 15.98 17.75 19.36
KUWAITIAN DINAR KWD - 80,245.80 83,458.40
MALAYSIAN RINGGIT MYR - 5,629.52 5,752.61
NORWEGIAN KRONER NOK - 2,248.76 2,344.36
RUSSIAN RUBLE RUB - 262.02 290.08
SAUDI RIAL SAR - 6,526.41 6,787.69
SWEDISH KRONA SEK - 2,344.89 2,444.58
SINGAPORE DOLLAR SGD 18,426.15 18,612.27 19,210.40
THAILAND THB 651.71 724.12 751.89
US DOLLAR USD 24,360.00 24,390.00 24,730.00
2. Agribank - Updated: 01/01/1970 08:00 - Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 24,370.00 24,380.00 24,720.00
EUR EUR 26,681.00 26,788.00 27,903.00
GBP GBP 31,654.00 31,781.00 32,768.00
HKD HKD 3,084.00 3,096.00 3,200.00
CHF CHF 28,349.00 28,463.00 29,353.00
JPY JPY 169.50 170.18 178.08
AUD AUD 16,207.00 16,272.00 16,779.00
SGD SGD 18,546.00 18,620.00 19,172.00
THB THB 717.00 720.00 752.00
CAD CAD 17,751.00 17,822.00 18,366.00
NZD NZD 14,944.00 15,449.00
KRW KRW 17.65 19.49
3. Sacombank - Updated: 08/24/2000 07:16 - Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 24390 24390 24720
AUD AUD 16276 16326 16836
CAD CAD 17868 17918 18369
CHF CHF 28674 28724 29278
CNY CNY 0 3420.9 0
CZK CZK 0 1060 0
DKK DKK 0 3713 0
EUR EUR 26953 27003 27706
GBP GBP 31983 32033 32703
HKD HKD 0 3185 0
JPY JPY 172.1 172.6 178.11
KHR KHR 0 6,032 0
KRW KRW 0 18 0
LAK LAK 0 1.011 0
MYR MYR 0 5887 0
NOK NOK 0 2368 0
NZD NZD 0 14966 0
PHP PHP 0 410 0
SEK SEK 0 2395 0
SGD SGD 18676 18726 19287
THB THB 0 695.8 0
TWD TWD 0 772 0
XAU XAU 7850000 7850000 8080000
XBJ XBJ 7300000 7300000 7620000

In the "black market", the black market USD exchange rate as of 5:30 a.m. on September 14, 2024 is as follows:

Tỷ giá USD hôm nay 14/9/2024: Đồng USD giảm xuống mức thấp nhất
Black market on September 14, 2024. Photo: Chogia.vn

USD exchange rate today September 14, 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 101.24 points, down 0.49 points compared to the transaction on September 13, 2024.

Tỷ giá USD hôm nay 14/9/2024: Đồng USD giảm xuống mức thấp nhất
USD (DXY) exchange rate developments in recent days (Source: Investing)

The US dollar fell to its lowest level in nearly nine months against the Japanese yen today after media reports once again raised speculation that the Federal Reserve could cut interest rates by a sharp 50 basis points at its policy meeting next week.

Analysts said reports by the Wall Street Journal and the Financial Times late yesterday that a 50 basis point rate cut was still an option, and comments from a former Fed official suggesting a deeper cut was needed, caused a shift in market expectations.

Media reports have brought the possibility of a 50 basis point cut back into the market after new inflation data reinforced expectations for a 25 basis point cut from the Fed, said Brad Bechtel, global head of FX at Jefferies in New York. " So you're just seeing a little unwinding of positions that were looking for 25 basis points ."

The European Central Bank cut interest rates by 25 basis points on Thursday, but ECB President Christine Lagarde dampened expectations for another cut in borrowing costs next month. The euro’s rise pushed the dollar index down 0.08% to 101.08.

The increased likelihood of a more dovish Fed policy has sent the dollar lower and pushed many other currencies higher ,” said John Velis, macro and foreign exchange strategist at BNY Mellon in Boston.

The dollar pared losses after data showed US consumer sentiment improved in September amid falling inflation.

The University of Michigan's preliminary index of overall consumer sentiment came in at 69.0 this month, up from a final reading of 67.9 in August. Economists polled by Reuters had forecast a preliminary reading of 68.5.

US economic data this week appeared to support the case for a 25 basis point cut next week, as a gauge of consumer price inflation excluding volatile food and energy prices rose more than expected in August.

But former New York Fed President Bill Dudley added to speculation about a 50 basis point Fed rate cut, saying there was a good reason for such a move and that rates were currently 150-200 basis points above the so-called neutral rate for the US economy, where policy is neither restrictive nor accommodative. “ Why don’t you just start now? ” he said.

The euro is " heading towards $1.11 again following the combined support of an insufficiently dovish European Central Bank and increased dovish bets on the Fed ," said Francesco Pesole, currency strategist at ING.

BOJ board member Naoki Tamura said on Thursday that the central bank must raise interest rates by at least 1% as soon as the second half of the next fiscal year, but added that it would likely do so slowly and in stages.

The BOJ is seen as going in the opposite direction to the Fed – 180 degrees in the opposite direction ,” Velis said, adding that whether and when the BOJ will raise rates remains an open question.

Tỷ giá USD hôm nay 14/9/2024: Đồng USD giảm xuống mức thấp nhất
USD exchange rate on September 14, 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



Source: https://congthuong.vn/ty-gia-usd-hom-nay-1492024-dong-usd-giam-xuong-muc-thap-nhat-trong-9-thang-345800.html

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