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| Foreign exchange rates today April 19: USD, Euro, AUD, CAD, Japanese Yen, British Pound... (Source: Rankred) |
Foreign exchange rates today April 19
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of April 19 was announced by the State Bank at 23,626 VND/USD, an increase of 11 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,807 VND/USD and the floor rate is 22,444 VND/USD.
At commercial banks, this morning, the USD price fluctuated in opposite directions and the Chinese Yuan (CNY) decreased.
At 8:30 a.m., the USD price at BIDV was listed at 23,365 - 23,665 VND/USD (buy - sell), an increase of 5 VND in both buying and selling compared to the closing price yesterday.
The price of CNY at this bank is listed at 3,364 - 3,477 VND/CNY (buy - sell), down 1 VND in the buying direction, but unchanged in the selling direction compared to the closing price yesterday.
At Vietcombank, the greenback price is listed at 23,320 - 23,690 VND/USD (buy - sell), down 10 VND in both buying and selling compared to yesterday's closing price.
The listed CNY price is 3,348 - 3,493 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 April 13 - 19 (to illuminate) |
| 1 | EUR | Euro | 25,135.05 | 26,553.69 | 25,787.02 |
| 2 | JPY | Japanese Yen | 170.52 | 180.60 | 176.65 |
| 3 | GBP | British Pound | 28,465.63 | 29,691.96 | 29,344.74 |
| 4 | AUD | Australian Dollar | 15,427.38 | 16,092.00 | 15,718.21 |
| 5 | CAD | Canadian Dollar | 17,110.85 | 17,848.00 | 17,545.89 |
| 6 | RUB | Russian Ruble | 273.50 | 302.94 | 286.85 |
| 7 | KRW | Korean Won | 15.43 | 18.81 | 17.79 |
| 8 | INR | Indian Rupee | 285.61 | 297.20 | 287.68 |
| 9 | HKD | Hong Kong Dollar (China) | 2,918.84 | 3,044.59 | 3,007.43 |
| 10 | CNY | Chinese Yuan China | 3,348.00 | 3,493.00 | 3,427.91 |
(Source: State Bank, Vietcombank)
Exchange rate developments in the world market
At the beginning of the trading session, in the US market, the DXY (US Dollar Index) measuring the fluctuations of the greenback against 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.38%, reaching 101.72.
Today on the market, the greenback exchange rate fell, on the contrary, European and Chinese currencies rose.
Specifically, the USD decreased against most major currencies in the last trading session, after many reasons caused the US Federal Reserve (Fed) to temporarily stop raising interest rates.
“One of the factors that is causing the dollar to weaken is the cooling of inflation, which is why the Fed will pause on rate hikes,” said Thierry Wizman, global FX and rates strategist at Macquarie in New York.
Futures traders are pricing in an 83.4% chance that the Fed will raise rates by 25 basis points at its next meeting in May, with expectations of a rate cut later this year.
Jim Caron, co-chief investment officer of the Global Risk Balanced Team at Morgan Stanley Investment Management, said that after the rate hike in May, the Fed will maintain interest rates in the range of 5-5.25% throughout the year to ensure inflation remains under control.
St. Louis Fed President James Bullard also told Reuters : "The US central bank should continue to raise interest rates as recent data shows persistent inflation."
In another development, newly released data showed that China's gross domestic product (GDP) grew 4.5% year-on-year in the first three months of the year, exceeding analysts' forecasts of 4% after Covid-19 restrictions were lifted, creating conditions for growth in the world's second-largest economy.
Separately, data on March activity in China also showed retail sales growth accelerated to 10.6%, beating expectations and hitting its highest level in nearly two years.
Currently, the Chinese Yuan also increased by 0.02% to 6.8824 USD.
The euro rose 0.38% to $1.0968 after two consecutive sessions of decline.
The pound surged despite an unexpected rise in unemployment in the three months to February, helped by stronger-than-expected wage growth that could prompt the Bank of England to raise interest rates again in May.
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