USD 'perfectly expensive', EUR down to lowest level since November 2022

Foreign exchange rates, USD/VND exchange rate today, January 10, USD is predicted to continue to maintain its strength, increasing significantly compared to other currencies in the currency basket.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 10/01/2025 07:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,220	25,230	25,550
EUR	EUR	25,681	25,784	26,877
GBP	GBP	30,796	30,920	31,875
HKD	HKD	3,199	3,212	3,316
CHF	CHF	27,359	27,469	28,317
JPY	JPY	156.92	157.55	164.27
AUD	AUD	15,442	15,504	16,007
SGD	SGD	18,235	18,308	18,813
THB	THB	714	717	748
CAD	CAD	17,353	17,423	17,916
NZD	NZD		13,986	14,470
KRW	KRW		16.68	18.39

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on January 10, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,342 VND, an increase of 7 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: 25,229 - 25,559 VND.

Vietinbank: 25,125 - 25,559 VND.

Foreign exchange rates, USD/VND exchange rate today, January 10: USD 'perfectly expensive', EUR down to lowest level since November 2022. (Source: Bloomberg)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) up 0.75%, currently at 109.24.

The dollar surged to a two-year high on the first trading day of 2025, building on last year's strong gains on expectations that U.S. growth will outpace other countries and keep U.S. interest rates relatively high.

The US Federal Reserve (Fed) has indicated that it will be more cautious about cutting interest rates as inflation remains above its 2% annual target and the economy remains strong.

US President-elect Donald Trump's policies are also expected to boost growth and are likely to add to price pressures.

In 2025, the US dollar is expected to continue to maintain its strength, if the Fed remains cautious about cutting interest rates and Mr. Trump's policies continue to boost inflation expectations.

While potential intervention from the Japanese authorities or policy changes from the European Central Bank (ECB) could cause volatility in currency markets, the overall outlook for the USD remains bullish in the near term.

According to Bank of America (BofA), the USD is experiencing a strong appreciation period, and is considered "perfectly expensive", meaning the current price reflects all positive expectations.

BofA points out that the US dollar has risen sharply since the US election, from an already high level. The US dollar index, which measures the value of the “greenback” against a basket of six other major currencies, has risen nearly 9% from its low in September 2024 and is up more than 5% since the US election.

BofA estimates that the US dollar will end 2024 at a 55-year high, marking the longest bull run in decades for the currency, which began in mid-2011.

Meanwhile, the EUR fell 1.01% to $1.025, its lowest level since November 2022.

Sterling, which held up better than most major currencies against the greenback last year, fell 1.19% to $1.2368, its lowest since April. Sterling accelerated its decline after breaking through resistance around $1.2475.

Meanwhile, the USD increased 0.47% against the Japanese Yen, reaching 157.61 Yen.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-101-usd-dat-do-hoan-hao-eur-xuong-muc-thap-nhat-ke-tu-thang-112022-300263.html