DNVN - Today, the USD continued to increase to 104.39 points. Meanwhile, the central exchange rate of the Vietnamese Dong against the USD is currently at 24,255 VND.
USD exchange rate on the world market
The Dollar Index (DXY), which tracks the strength of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), hit 104.39 points, up 0.13 points from the trading session on October 27, 2024.
On the international market, the DXY index recorded an increase of 0.93 points over the past week, ending at 104.39 points. This is the fourth consecutive week that the index has increased, reaching a peak in more than 3 months.
The US dollar is extending its rally on rising market expectations of a re-election of former President Donald Trump. If Trump wins and implements a policy of raising import tariffs, it could put upward pressure on inflation. Rising inflation would prompt the Fed to consider slowing the pace of interest rate cuts.
The USD/VND exchange rate on the free market also increased by 440 VND/USD in both directions, reaching 25,700-25,800 VND/USD (buying - selling). This is also the fifth consecutive week that the free market exchange rate has increased, with a total increase of 800 VND/USD in both directions.
In 2024, the USD depreciates significantly against many major global currencies, as the Fed cuts interest rates for the first time since the Covid-19 pandemic. The decision to cut interest rates by 0.5 percentage points was made in September 2024. This is likely to reduce the attractiveness of the USD compared to other currencies, especially those in countries with higher interest rates.
The USD has weakened the most against currencies such as the Thai baht (THB), Polish złoty (PLN) and Malaysian ringgit (MYR) over the past period. Conversely, the USD has strengthened the most against the Turkish lira (TRY) and Mexican peso (MXN).
Domestic USD exchange rate
The USD exchange rate today, October 28, 2024, shows that the USD's upward trend continues in the international market as Mr. Donald Trump's odds of winning the White House are expected to increase.
As soon as the trading session opened, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 42 VND, reaching 24,255 VND.
Currently, commercial banks can trade at an exchange rate of 23,400 to 25,450 VND/USD. The State Bank of Vietnam has also brought the USD buying and selling rate to around 23,400 to 25,450 VND/USD.
Vietcombank currently lists the USD buying and selling prices in the range of 25,167 - 25,467 VND. The current USD buying and selling prices range from 24,000 to 25,500 VND/USD.
Meanwhile, the EUR exchange rate at the State Bank of Vietnam slightly decreased to 24,937 VND - 27,562 VND (buy - sell).
The Japanese yen exchange rate at the State Bank of Vietnam also recorded a slight increase, currently fluctuating from 152 VND - 168 VND (buy - sell).
Cao Thong (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-ngoai-te-ngay-26-10-2024-usd-tang-tro-lai/20241028095222615
Comment (0)