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| Foreign exchange rates today, June 20: USD, EUR, Japanese Yen, British Pound... (Source: Reuter.) |
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of June 20 was announced by the State Bank at 23,718 VND, an increase of 21 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,903 VND/USD and the floor rate is 22,532 VND/USD.
At commercial banks this morning, the USD price was stable, while the CNY slightly decreased.
At 8:30 a.m., at Vietcombank, the USD price was listed at 23,320 - 23,690 VND/USD (buy - sell), unchanged from the closing price of yesterday's trading session.
The CNY price at this bank is listed at 3,216 - 3,354 VND/CNY (buy - sell), down 5 VND in both buying and selling compared to the end of yesterday's trading session.
The greenback price at BIDV is listed at 23,375 - 23,675 VND/USD (buy - sell), unchanged from the end of yesterday's trading session.
The listed CNY price is 3,231-3,340 VND/CNY (buy - sell), down 4 VND for buying and 3 VND for selling compared to the close of yesterday's trading session.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply import and export from June 15-21 |
| 1 | EUR | Euro | 25,017.42 | 26,418.18 | 25,558.08 |
| 2 | JPY | Japanese Yen | 160.93 | 170.37 | 169.12 |
| 3 | GBP | British Pound | 29,325.64 | 30,576.00 | 29,873.85 |
| 4 | AUD | Australian Dollar | 15,695.19 | 16,364.38 | 16,030.68 |
| 5 | CAD | Canadian Dollar | 17,355.33 | 18,095.31 | 17,796.8 |
| 6 | RUB | Russian Ruble | 266.93 | 295.91 | 279.48 |
| 7 | KRW | Korean Won | 15.84 | 19.30 | 18.54 |
| 8 | INR | Indian Rupee | 286.33 | 297.81 | 287.93 |
| 9 | HKD | Hong Kong Dollar (China) | 2,932.75 | 3,057.79 | 3,026.43 |
| 10 | CNY | Chinese Yuan China | 3,231.00 | 3,340.00 | 3,307.65 |
(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 by 0.25% to 102.49.
The USD exchange rate increased slightly, the Euro and Japanese Yen decreased slightly after many consecutive increases, and the British Pound stabilized.
The greenback continued its gains from the end of last week, while the pound was close to a 14-month high in the last trading session, as investors digested a series of central bank monetary policy decisions last week and awaited the decision of the Bank of England (BoE) on June 22.
Currency market moves have been dominated by efforts by central banks around the globe to curb high inflation, with the DXY index posting its biggest weekly decline since January last week after the US Federal Reserve skipped a rate hike in June.
Investors are closely watching Fed Chairman Jerome Powell's testimony before the US Congress, scheduled for June 21 and 22 this week, to get a better understanding of the future interest rate path of the world's largest economy.
Analysts say the decision to skip a rate hike in June does not mean the Fed's rate-hike cycle is over. Markets are pricing in a 72% chance of a 25 basis point increase at next month's meeting.
Elsewhere, the euro fell 0.2 percent to $1.09190, while the Japanese yen traded around 141.840, near a seven-month low of 142.005 hit in the previous session.
The pound is near a 14-month high against the dollar, on expectations the BoE will raise interest rates by at least 25 basis points at its policy meeting this week, as the bank faces inflation running four times above its target.
Money markets are pricing in a 72% chance the BoE will raise rates by 25 basis points and a 28% chance of a 50 basis point hike.
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