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| Foreign exchange rates today, November 15: USD, EUR, CAD, British Pound... (Source: businesstoday) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 15 was announced by the State Bank at 24,016 VND/USD, down 4 VND/USD compared to the previous day.
Domestic market:
Vietcombank:
USD exchange rate for buying is 24,110 VND/USD, selling is 24,480 VND/USD.
EUR exchange rate for buying is 25,747 VND/EUR and selling is 27,160 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,130 VND/USD, selling is 24,430 VND/USD.
EUR exchange rate for buying is 25,908 VND/EUR, selling is 27,105 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from November 9-15 |
| 1 | EUR | Euro | 25,717.68 | 27,129.78 | 25,632.77 |
| 2 | JPY | Japanese Yen | 156.72 | 165.90 | 159.2 |
| 3 | GBP | British Pound | 29,531.21 | 30,788.70 | 29,446.38 |
| 4 | AUD | Australian Dollar | 15,358.21 | 16,012.19 | 15,424.75 |
| 5 | CAD | Canadian Dollar | 17,270.61 | 18,006.02 | 17,411.98 |
| 6 | RUB | Russian Ruble | 255.24 | 282.58 | 259.72 |
| 7 | KRW | Korean Won | 16.10 | 19.51 | 18.31 |
| 8 | INR | Indian Rupee | 291.75 | 303.43 | 288.07 |
| 9 | HKD | Hong Kong Dollar (China) | 3,031.63 | 3,160.72 | 3,068.59 |
| 10 | CNY | Chinese Yuan China | 3,276.51 | 3,416.55 | 3,295.87 |
(Source: State Bank and commercial banks)
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 1.56% to 104.07.
The greenback exchange rate in the world today fell sharply. Other major currencies increased.
Specifically, the USD fell more than 1% against other currencies in the last trading session, after the US consumer price index (CPI) data was released, increasing the possibility that the US Federal Reserve (Fed) will cut interest rates.
US consumer prices were unchanged last month amid lower gasoline prices, after rising 0.4% in September, the US Department of Labor's Bureau of Labor Statistics (BLS) said.
Accordingly, the USD and Treasury bond yields both fell sharply immediately after the report was released. The benchmark 10-year yield fell below 4.5%, no longer strong enough to support the USD.
“We think the dollar will continue to weaken through the end of this year, possibly even early January 2024,” said John Doyle, a trader at Monex USA in Washington, D.C.
Meanwhile, the greenback fell 1.73% against the euro to $1.089; 1.82% against the pound to $1.250; and 1.52% against the Swiss franc to $0.888.
Mr. Doyle also commented that the Fed ending its interest rate hikes does not mean that interest rate cuts will take place immediately, because the tight US labor market and resilient US economy have encouraged consumers to spend more.
Fed Chairman Jerome Powell and other policymakers have tried in recent days to push back against expectations that the U.S. central bank is done with its rate-hike cycle. Futures are pricing in a more than 68% chance of a rate cut in May, according to CME Group’s FedWatch tool.
In another development, the Japanese Yen also increased in value against the USD. Accordingly, the Yen increased by 0.97% to 150.23/USD, after hitting a one-year low.
Japanese authorities intervened in currency markets in September and October last year to prop up the yen for the first time since 1998.
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