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USD rises on Fed outlook

Việt NamViệt Nam17/10/2024


USD exchange rate today 10/17/2024

USD exchange rate today October 17, 2024, USD increased in value thanks to many factors such as Fed's outlook, Trump's ability to win the election; inflation weighed on the British pound.

Opening today's trading session, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 10 VND, currently at 24,187 VND.

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 USD exchange rate at Vietcombank is currently 24,780 - 25,170 VND. The current USD buying and selling prices range from 24,000 - 25,500 VND/USD.

1. VCB – Updated: 10/17/2024 04:58 – Time of the source website
Foreign currency Buy Sell
Name Code Cash Transfer
AUSTRALIAN DOLLAR AUD 16,277.64 16,442.06 16,969.97
CANADIAN DOLLAR CAD 17,669.02 17,847.49 18,420.53
SWISS FRANC CHF 28,224.56 28,509.66 29,425.04
YUAN RENMINBI CNY 3,421.89 3,456.46 3,567.44
DANISH KRONE DKK 3,576.05 3,713.09
EURO EUR 26,482.51 26,750.01 27,935.30
Sterling Pound GBP 31,622.69 31,942.11 32,967.69
HONGKONG DOLLAR HKD 3,134.77 3,166.44 3,268.10
INDIAN RUPEE INR 296.45 308.31
YEN JPY 161.58 163.21 170.98
Korean Won KRW 15.86 17.63 19.13
KUWAITIAN DINAR KWD 81,279.06 84,530.65
MALAYSIAN RINGGIT MYR 5,754.84 5,880.50
NORWEGIAN KRONER NOK 2,261.03 2,357.09
RUSSIAN RUBLE RUB 243.91 270.01
SAUDI RIAL SAR 6,637.94 6,903.49
SWEDISH KRONA SEK 2,347.97 2,447.72
SINGAPORE DOLLAR SGD 18,608.63 18,796.60 19,400.11
THAILAND THB 663.73 737.48 765.74
US DOLLAR USD 24,780.00 24,810.00 25,170.00
2. Agribank – Updated: 01/01/1970 08:00 – Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 24,780.00 24,800.00 25,140.00
EUR EUR 26,620.00 26,727.00 27,848.00
GBP GBP 31,808.00 31,936.00 32,927.00
HKD HKD 3,148.00 3,161.00 3,267.00
CHF CHF 28,384.00 28,498.00 29,388.00
JPY JPY 163.29 163.95 171.41
AUD AUD 16,378.00 16,444.00 16,953.00
SGD SGD 18,722.00 18,797.00 19,348.00
THB THB 730.00 733.00 766.00
CAD CAD 17,778.00 17,849.00 18,385.00
NZD NZD 14,878.00 15,383.00
KRW KRW 17.56 19.35
3. Sacombank – Updated: 12/30/2000 07:16 – Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 24795 24795 25155
AUD AUD 16347 16447 17010
CAD CAD 17761 17861 18413
CHF CHF 28571 28601 29394
CNY CNY 0 3475.7 0
CZK CZK 0 1030 0
DKK DKK 0 3638 0
EUR EUR 26750 26850 27722
GBP GBP 31993 32043 33146
HKD HKD 0 3220 0
JPY JPY 164.28 164.78 171.29
KHR KHR 0 6,032 0
KRW KRW 0 17.9 0
LAK LAK 0 1,059 0
MYR MYR 0 5974 0
NOK NOK 0 2304 0
NZD NZD 0 14962 0
PHP PHP 0 408 0
SEK SEK 0 2395 0
SGD SGD 18691 18821 19543
THB THB 0 696.9 0
TWD TWD 0 772 0
XAU XAU 8400000 8400000 8600000
XBJ XBJ 7700000 7700000 8200000

In the "black market", the black market USD exchange rate as of 5:00 a.m. on October 17, 2024 is as follows:

Tỷ giá USD hôm nay 17/10/2024:
Black market on October 17, 2024. Photo: Chogia.vn

USD exchange rate today October 17, 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 103.52 points, up 0.99 points compared to the transaction on October 16, 2024.

Tỷ giá USD hôm nay 17/10/2024:
DXY exchange rate developments in recent times.

The US dollar rose sharply on Tuesday, hitting an 11-week high, as investors discounted the possibility of a sharp interest rate cut by the Federal Reserve at its next policy meeting and factored in the possibility of former President Donald Trump winning the election.

Meanwhile, the pound fell to a two-month low after weaker-than-expected UK inflation data gave the Bank of England room to cut interest rates more aggressively, while the euro fell to an 11-week low ahead of a European Central Bank meeting.

But with the US presidential election just weeks away, investors' attention has turned to that highly anticipated race, along with the Fed's interest rate path.

Trump’s plans to cut taxes, ease financial regulations and raise tariffs are seen as positive for the dollar. Higher tariffs, for example, would hurt growth for Asian and European exporters and could force their central banks to lower interest rates, weakening their currencies and boosting the dollar.

Amo Sahota, managing director at FX consultancy Klarity FX in San Francisco, pointed out that several major central banks are expected to make larger rate cuts than the Fed because their economies are slowing much faster than the U.S. That has supported the dollar.

He also cited Trump's interview with Bloomberg News Editor-in-Chief John Micklethwait at the Economic Club of Chicago on Tuesday, where the former president doubled down on plans to impose steep tariffs on U.S. trading partners.

Trump really went into the discussion about tariffs…although I think he just wanted to emphasize that he would do everything he could to stop people ” from flooding the market with foreign products that harmed goods made in the United States.

Combine that with overnight polls showing Trump leading here… and that’s enough to send the dollar into the lead .” In afternoon trade, the greenback rose 0.3% to 103.59, after hitting an 11-week high of 103.60.

The euro, the largest component of the dollar index, fell 0.4% to $1.0855, after earlier sliding to $1.0853, its lowest since early August.

Investors will be closely watching the ECB meeting on Thursday, although if policymakers stick to the current 25 basis point cut and President Christine Lagarde doesn't give too many clues about the rate outlook, the market impact is likely to be minimal.

Tỷ giá USD hôm nay 17/10/2024
USD exchange rate today October 17, 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 Jewelry 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-17102024-dong-usd-tang-gia-nho-trien-vong-cua-fed-352880.html


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