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| Foreign exchange rates today, July 25: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The Euro is under the weight of the rising greenback. (Source: Reuters) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of July 25 was announced by the State Bank at 23,760 VND/USD, an increase of 7 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,948 VND/USD and the floor rate is 22,573 VND/USD.
At commercial banks, this morning, the USD price increased while the Chinese Yuan (CNY) continued to fluctuate in opposite directions.
At 8:45, the greenback price at Vietcombank was listed at 23,465 - 23,835 VND/USD (buy - sell), an increase of 10 VND in both buying and selling compared to yesterday's closing price.
The listed CNY price is 3,226 - 3,364 VND/CNY (buy - sell), up 2 VND in both buying and selling compared to yesterday's closing price.
At BIDV, the USD price is listed at 23,525 - 23,825 VND/USD (buy - sell), an increase of 10 VND in both buying and selling compared to yesterday's closing price.
The price of CNY at this bank is listed at 3,241 - 3,349 VND/CNY (buy - sell), down 3 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 | 25,642.84 | 27,078.35 | 26,603.00 |
| 2 | JPY | Japanese Yen | 162.30 | 171.82 | 170.13 |
| 3 | GBP | British Pound | 29,634.69 | 30,897.93 | 30,857.87 |
| 4 | AUD | Australian Dollar | 15,499.56 | 15,499.56 | 16,073.68 |
| 5 | CAD | Canadian Dollar | 17,437.86 | 18,181.19 | 17,997.11 |
| 6 | RUB | Russian Ruble | 251.50 | 278.45 | 260.77 |
| 7 | KRW | Korean Won | 15.91 | 19.38 | 18.73 |
| 8 | INR | Indian Rupee | 287.73 | 299.26 | 288.74 |
| 9 | HKD | Hong Kong Dollar (China) | 2,948.95 | 3,074.66 | 3,035.36 |
| 10 | CNY | Chinese Yuan China | 3,241.00 | 3,349.00 | 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) stood at an increase of 0.31%, reaching 101.38.
The greenback exchange rate in the world today increased, the Euro and the British Pound decreased, and the Japanese Yen increased slightly.
Specifically, the greenback continued to rise in the first trading session of the week after a series of recent economic data showed a stronger US economy, ahead of a meeting of central banks this week to get a clearer view on the monetary policy outlook.
A survey of purchasing managers showed that US business activity fell to a five-month low in July, dragged down by a slowdown in service sector growth. However, the data was still better than similar surveys in Europe.
“When you look at the global economic picture, there are many reasons to be optimistic about the US economy, which is giving strength to the greenback,” said Adam Button, chief currency analyst at ForexLive in Toronto.
Futures contracts expect the Fed's overnight interest rate to rise to 5.43% in November, and stay above 5% until June 2024.
The Fed will conclude its policy meeting on July 26, followed by the European Central Bank (ECB) a day later, and finally the Bank of Japan (BOJ) with a meeting on July 28. Investors expect both the ECB and the Fed to raise interest rates by 25 basis points, along with signals related to the September meeting.
“The Fed is unlikely to raise rates again at its September meeting after this week’s rate hike, but with the U.S. economy now looking better, the euro is taking a beating from the dollar,” said John Velis, head of Americas macro strategy at BNY Mellon Markets in New York.
Traders expect the BOJ to be the central bank most likely to deliver a market-moving surprise, with an adjustment to its yield curve control policy.
Elsewhere, the euro fell 0.49% to $1.1069, while the British pound closed the session at $1.2823, down 0.25%; the Japanese yen rose 0.24% against the greenback to $141.47, kicking off a busy week of central bank meetings, with investors expecting interest rate hikes in Europe and the US.
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