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| Foreign exchange rates today, July 20: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback continues to increase slightly, the British Pound drops abnormally. (Source: Forbes) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 20 was announced by the State Bank at 23,731 VND/USD, an increase of 27 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,917 VND/USD and the floor rate is 22,544 VND/USD.
At commercial banks, this morning, the price of USD and Chinese Yuan (CNY) both decreased.
At 8:30 a.m., the greenback price at Vietcombank was listed at 23,440 - 23,810 VND/USD (buy - sell), down 5 VND in both buying and selling compared to yesterday's closing price.
The listed CNY price is 3,204 - 3,341 VND/CNY (buy - sell), down 2 VND in both buying and selling compared to yesterday.
At BIDV, the USD price is listed at 23,490 - 23,790 VND/USD (buy - sell), down 5 VND in both buying and selling compared to yesterday's closing price.
The price of CNY at this bank is listed at 3,218 - 3,326 VND/CNY (buy - sell), down 4 VND in both buying and selling compared to yesterday's closing price.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from 20-26/7 |
| 1 | EUR | Euro | 25,849.12 | 27,296.21 | 26,603.00 |
| 2 | JPY | Japanese Yen | 164.58 | 174.23 | 170.13 |
| 3 | GBP | British Pound | 29,777.72 | 31,047.10 | 30,857.87 |
| 4 | AUD | Australian Dollar | 15,585.46 | 16,249.85 | 16,073.68 |
| 5 | CAD | Canadian Dollar | 17,490.58 | 18,236.18 | 17,997.11 |
| 6 | RUB | Russian Ruble | 246.35 | 272.74 | 260.77 |
| 7 | KRW | Korean Won | 16.16 | 19.68 | 18.73 |
| 8 | INR | Indian Rupee | 286.99 | 298.50 | 288.74 |
| 9 | HKD | Hong Kong Dollar (China) | 2,951.25 | 3,077.06 | 3,035.36 |
| 10 | CNY | Chinese Yuan China | 3,218.00 | 3,326.00 | 3,289.16 |
(Source: State Bank, Vietcombank)
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) increased slightly by 0.34% to 100.29.
The greenback exchange rate in the world today increased, the British Pound decreased, and the Euro increased.
Specifically, the greenback rose again in the last trading session, after inflation in the UK cooled more than expected in June, causing the British pound to fall sharply against other major currencies.
The greenback also fell last week after data showed inflation was cooling, raising expectations that the US Federal Reserve (Fed) would stop raising interest rates after raising them by 25 basis points at its July 25-26 policy meeting.
U.S. single-family home construction fell in June, but future building permits rose to a 12-month high, data showed on July 19.
Meanwhile, UK inflation is now at its lowest level in more than a year at 7.9%, according to new data, which will ease pressure on the Bank of England in its upcoming interest rate path. Economists polled by Reuters had mostly forecast inflation at 8.2% in June, down from 8.7% in May.
In a notable development, Joe Manimbo, senior market analyst at Convera in Washington, said: “This is the first time in five months that we have seen inflation unexpectedly come down, which is completely contrary to the Bank of England’s policy of raising interest rates next month.” Investors are now betting on a 60% chance that the Bank of England will raise rates by 25 basis points.
“The greenback fell last week after the inflation data came out, and now it’s the pound’s turn today,” Manimbo added. The pound fell 0.81% against the greenback to $1.2929, and hit its lowest since July 11 at $1.2868. Meanwhile, the euro also rose 0.59% against the pound to $0.8662.
The European Central Bank (ECB) is also expected to raise interest rates by 25 basis points next week. ECB Governing Council member Yannis Stournaras said that another 25 basis point rate hike by the ECB would be enough, and that further tightening could hurt the economy.
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