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| Foreign exchange rates today, December 15: USD, EUR, CAD, Pound exchange rates... The greenback is widely sold off. (Source: foreignpolicy) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 15 was announced by the State Bank at 23,882 VND/USD, down 63 VND/USD compared to the previous day.
Domestic market:
Vietcombank:
USD exchange rate for buying is 24,050 VND/USD, selling is 24,420 VND/USD.
EUR exchange rate for buying is 25,768 VND/EUR and selling is 27,183 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,070 VND/USD, selling is 24,370 VND/USD.
EUR exchange rate for buying is 26,121 VND/EUR, selling is 27,329 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from 14-20/12 |
| 1 | EUR | Euro | 25,945.78 | 27,370.46 | 25,839.18 |
| 2 | JPY | Japanese Yen | 165.53 | 175.23 | 164.53 |
| 3 | GBP | British Pound | 30,120.83 | 31,403.49 | 30,076.64 |
| 4 | AUD | Australian Dollar | 15,825.96 | 16,499.89 | 15,706.64 |
| 5 | CAD | Canadian Dollar | 17,626.19 | 18,376.79 | 17,626.2 |
| 6 | RUB | Russian Ruble | 257.78 | 285.38 | 266.54 |
| 7 | KRW | Korean Won | 16.21 | 19.65 | 18.17 |
| 8 | INR | Indian Rupee | 290.29 | 301.91 | 287.28 |
| 9 | HKD | Hong Kong Dollar (China) | 3,026.99 | 3,155.89 | 3,066.86 |
| 10 | CNY | Chinese Yuan China | 3,340.96 | 3,483.75 | 3,334.59 |
(Source: State Bank, Commercial Bank, Customs Department)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.92% to 101.95.
The greenback exchange rate in the world today fell sharply; other key currencies increased.
Specifically, the greenback fell to a two-week low against the euro, and a more than four-month low against the yen in a broad sell-off in the last trading session, after the US Federal Reserve (Fed) revealed that an interest rate cut could happen next year.
At the Federal Open Market Committee (FOMC) meeting on December 13, Fed Chairman Jerome Powell said that monetary tightening may be over and that discussions about cutting borrowing costs would begin. The Fed’s forecast implied a 75 basis point cut next year, compared to current levels.
“The Fed was very dovish at its last meeting,” said Athanasios Vamvakidis, head of global G10 FX strategy at BofA Global Research.
Fed funds futures traders are now almost fully pricing in a 25 basis point cut in March and a 150 basis point cut in December 2024.
“The market is operating on the view that interest rates will return to low levels over time,” said Adam Button, chief currency analyst at ForexLive in Toronto.
The greenback's losses were quickly limited after data showed US retail sales unexpectedly rose in November.
Elsewhere, the euro and pound both rose, with the euro up 1.08% to $1.0991, its highest since November 29 and on track for its biggest daily percentage gain since November 14.
The ECB kept interest rates steady at its latest policy meeting, while also reaffirming that borrowing costs will remain at record highs despite expectations of easing inflation.
Meanwhile, the pound rose 1.11% and earlier hit its highest since August 22 after the Bank of England kept interest rates unchanged, saying they needed to stay high for 'a long time'.
The US dollar fell 0.68% against the Japanese yen, currently at 141.94. Meanwhile, the Australian dollar hit a more than four-month high of 0.6728 USD.
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