Foreign exchange rates, USD/VND exchange rate today, August 13, recorded slight fluctuations of USD, in the context of a more stable currency market, when investors considered the possibility that the US Federal Reserve (Fed) will cut interest rates deeply next month.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: August 13, 2024 08:27 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,100.49 | 16,263.12 | 16,785.15 |
| CANADIAN DOLLAR | CAD | 17,808.81 | 17,988.70 | 18,566.12 |
| SWISS FRANC | CHF | 28,260.16 | 28,545.61 | 29,461.90 |
| YUAN RENMINBI | CNY | 3,429.27 | 3,463.91 | 3,575.64 |
| DANISH KRONE | DKK | - | 3,611.20 | 3,749.55 |
| EURO | EUR | 26,750.11 | 27,020.31 | 28,217.34 |
| Sterling Pound | GBP | 31,239.06 | 31,554.60 | 32,567.47 |
| HONGKONG DOLLAR | HKD | 3,142.11 | 3,173.85 | 3,275.73 |
| INDIAN RUPEE | INR | - | 298.41 | 310.34 |
| YEN | JPY | 165.48 | 167.15 | 175.14 |
| Korean Won | KRW | 15.85 | 17.61 | 19.21 |
| KUWAITIAN DINAR | KWD | - | 81,808.95 | 85,081.04 |
| MALAYSIAN RINGGIT | MYR | - | 5,594.66 | 5,716.78 |
| NORWEGIAN KRONER | NOK | - | 2,275.18 | 2,371.81 |
| RUSSIAN RUBLE | RUB | - | 262.70 | 290.82 |
| SAUDI RIAL | SAR | - | 6,674.28 | 6,941.23 |
| SWEDISH KRONA | SEK | - | 2,336.39 | 2,435.63 |
| SINGAPORE DOLLAR | SGD | 18,493.56 | 18,680.36 | 19,279.98 |
| THAILAND | THB | 632.57 | 702.86 | 729.78 |
| US DOLLAR | USD | 24,920.00 | 24,950.00 | 25,290.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:30 a.m. on August 13, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,256 VND, down 4 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 24,910 VND - 25,280 VND.
Vietinbank: 24,820 VND - 25,285 VND.
 |
| Foreign exchange rates, USD/VND exchange rate today, August 13: USD fluctuates slightly, the market has stabilized. (Source: Economic Times) |
Exchange rate developments in the world market
The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 103.13, down 0.01%.
The US dollar edged lower, amid steadier currency markets, as investors weighed the possibility of a deep interest rate cut by the US Federal Reserve next month.
The recovery comes after a volatile week of trading that began with a major sell-off across currencies and stocks, fueled by concerns about the US economy and the Bank of Japan's hawkish stance.
Last week ended on a quieter note, with stronger-than-expected US jobs data on August 8 prompting markets to reduce bets on a Fed rate cut this year.
“The market is focused on whether inflation is picking up again as seen in this week’s consumer price index data, or whether the economy is heading into recession as seen in what’s happening with the labor market in nonfarm payrolls ,” said Joseph Trevisani, senior analyst at FXStreet.com in New York.
However, according to CME Group's FedWatch tool, investors are pricing in a 100 basis point cut by the Fed later this year, and US producer and consumer price data due out today, August 13, could change market expectations.
The US dollar rose 0.33% against the Japanese yen, to 147.10 yen.
Elsewhere, the euro edged up 0.16% to $1.0933, while the DXY index fell to 103.10. The pound was unchanged at $1.2763.
A week ago, the EUR rose to $1.1009, for the first time since January 2.
Markets, especially Japan, were rocked last week by the cancellation of the popular yen carry trade, which involves borrowing yen at low cost to invest in other currencies and assets that offer higher returns.
The yen hit its highest level since Jan. 2 at 141.675 yen per dollar last week. The Japanese currency is still down about 4% against the dollar year to date.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-138-usd-bien-dong-nhe-thi-truong-da-on-dinh-hon-282339.html
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