DNVN - The central exchange rate of Vietnamese Dong to USD on December 18, 2024 decreased by 2 VND compared to the previous day, currently recorded at 24,270 VND. This is a notable development in the context of many fluctuations in the global financial market.
USD exchange rate on the world market
The Dollar Index (DXY), which measures the strength of the USD against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), is currently at 106.97. The index has decreased by 0.9 points from its December 17, 2024 level, reflecting the market correction.
The US dollar gained against many major currencies in recent trading sessions thanks to better-than-expected retail sales data, while investors are preparing for interest rate decisions from the US Federal Reserve (Fed) and other major central banks around the world.
The US Commerce Department reported on December 17 that retail sales rose 0.7% in November, far exceeding expectations, driven by increased demand for automobiles and a boom in online shopping.
The market is expecting the Fed to announce a 25 basis point interest rate cut at the end of its two-day policy meeting, which ends today, December 18. According to the CME FedWatch tool, there is a 97% chance that the Fed will cut interest rates by that amount.
“The dollar is not only dependent on the Fed’s actions, but also on how hawkish the Fed is in this adjustment. I doubt the Fed will have to slow down the pace of rate cuts,” said Juan Perez, director of trading at Monex USA.
Against the Swiss franc, the dollar fell 0.2% to $0.89270, after trading near its highest since July. The euro also fell 0.24% to $1.048825, marking a decline of nearly 5% year-to-date.
The DXY index, after hitting a session high of 107.08, is now up slightly by 0.10% at 106.94. This move shows the fluctuations of the USD in the international market.
The Japanese yen rose 0.42% against the dollar to 153.52 yen per dollar, largely due to expectations that the Bank of Japan will not raise interest rates at its December 19 meeting, which is likely to be postponed until January 2024.
The pound also performed well, rising 0.16% to $1.27040, helped by data showing that UK wage growth beat expectations in the three months to October. The Bank of England is scheduled to make its interest rate decision tomorrow, December 19. Meanwhile, a business survey on December 16 showed that UK prices are still rising.
Meanwhile, the Australian dollar (AUD) fell 0.6% to $0.6332, a notable decline in the context of the currency market being affected by global economic forecasts.
The Swedish central bank (Riksbank) is expected to cut interest rates by 50 basis points this week. In contrast, the Norwegian central bank (Norges Bank) is likely to maintain current interest rates.
Domestic USD exchange rate
In the domestic market, at the beginning of the trading session on December 18, the State Bank announced the central exchange rate of Vietnamese Dong to USD decreased by 2 VND compared to yesterday, currently at 24,270 VND.
The reference exchange rate at the State Bank's Exchange remains unchanged, listing the buying and selling rates at 23,400 VND - 25,450 VND, respectively.
At Vietcombank, the USD exchange rate was listed at VND25,153 (buy) and VND25,483 (sell), unchanged from the previous trading session.
BIDV announced the USD/VND exchange rate at 25,183 VND (buy) and 25,483 VND (sell), unchanged from yesterday's listing. Meanwhile, Techcombank recorded a 37 VND increase in the buying price to 25,175 VND, while the selling price remained unchanged at 25,483 VND.
At Eximbank, the USD exchange rate increased by 19 VND at the buying price, to 23,759 VND, but the selling price remained unchanged, still at 25,483 VND. ACB Bank also had a similar development, with a 40 VND increase at the buying price, reaching 24,210 VND, while the selling price remained unchanged at 25,483 VND/USD.
In the free market, the USD/VND exchange rate at the end of December 18 decreased by 2 VND in both buying and selling directions, currently trading around 25,612 VND - 25,712 VND/USD.
The euro exchange rate at the State Bank of Vietnam increased slightly, reaching 24,275 VND (buy) and 26,830 VND (sell). Meanwhile, the Japanese yen exchange rate decreased slightly, listed at 150 VND (buy) and 165 VND (sell).
Viet Anh (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-18-12-2024-usd-trong-nuoc-tiep-tuc-giam-nhe-thi-truong-quoc-te-bien-dong-manh/20241218084940999
Comment (0)