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| Foreign exchange rates today, December 13: USD, EUR, CAD, Pound... Before more major banks announced policies, the greenback fell. (Source: Reuters) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 13 was announced by the State Bank at 23,954 VND, an increase of 13 VND/USD compared to the previous day.
Domestic market:
Vietcombank:
USD exchange rate for buying is 24,060 VND/USD, selling is 24,420 VND/USD.
EUR exchange rate for buying is 25,493 VND/EUR and selling is 26,893 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,110 VND/USD, selling is 24,410 VND/USD.
EUR exchange rate for buying is 25,703 VND/EUR, selling is 26,891 ND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from 7-13/12 |
| 1 | EUR | Euro | 25,509.74 | 26,910.46 | 25,847.92 |
| 2 | JPY | Japanese Yen | 162.04 | 171.53 | 162.69 |
| 3 | GBP | British Pound | 29,679.42 | 30,943.26 | 30,183.05 |
| 4 | AUD | Australian Dollar | 15,511.02 | 16,171.52 | 15,764.55 |
| 5 | CAD | Canadian Dollar | 17,399.88 | 18,140.82 | 17,643.46 |
| 6 | RUB | Russian Ruble | 255.67 | 255.67 | 258.56 |
| 7 | KRW | Korean Won | 15.98 | 19.36 | 18.24 |
| 8 | INR | Indian Rupee | 290.11 | 301.73 | 287.36 |
| 9 | HKD | Hong Kong Dollar (China) | 3,027.58 | 3,156.50 | 3,066.04 |
| 10 | CNY | Chinese Yuan China | 3,311.27 | 3,452.79 | 3,346.09 |
(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 0.29% to 103.80.
The greenback exchange rate in the world today decreased. The Euro began to increase.
The greenback fell in the last trading session, before US Federal Reserve (Fed) officials will give updated economic and interest rate forecasts after their latest policy meeting, which will take place today, December 13.
However, the greenback's losses were limited after data showed some areas of inflation remained relatively high in November.
Traders are pricing in the prospect of the Fed cutting rates as soon as May 2024.
Data released on December 12 showed that U.S. consumer prices unexpectedly rose in November due to lower gasoline prices. Meanwhile, super-core inflation, which tracks the cost of services excluding energy and housing, also rose.
“After looking at the data, we still see some concrete measures needed before we make a rate cut,” said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto, Canada.
Investors will focus on Fed officials' views on the US economy and interest rates in the coming quarters, after the US central bank concludes its two-day meeting on December 13.
Traders will also be watching to see if Fed Chairman Jerome Powell pushes back on the prospect of rate cuts in the first half of 2024.
In another development, the Euro rose 0.24% to $1.0790.
This weekend, the European Central Bank, Bank of England, Norges Bank and Swiss National Bank all hold policy meetings, with Norway seen as the only country likely to raise interest rates.
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