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| Foreign exchange rates today, November 13: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback tends to decrease in a short time. (Source: Capital) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of November 13 was announced by the State Bank at 24,015 VND/USD, an increase of 1 VND/USD compared to the weekend (November 10).
Domestic market:
Vietcombank:
USD exchange rate for buying is 24,100 VND/USD, selling is 24,470 VND/USD.
EUR exchange rate for buying is 25,253 VND/EUR and selling is 26,640 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,160 VND/USD, selling is 24,460 VND/USD.
EUR exchange rate for buying is 25,496 VND/EUR, selling is 26,674 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from November 9-15 |
| 1 | EUR | Euro | 25,253.51 | 26,640.08 | 25,632.77 |
| 2 | JPY | Japanese Yen | 155.99 | 165.12 | 159.2 |
| 3 | GBP | British Pound | 28,949.43 | 30,182.10 | 29,446.38 |
| 4 | AUD | Australian Dollar | 15,067.81 | 15,709.41 | 15,424.75 |
| 5 | CAD | Canadian Dollar | 17,167.07 | 17,898.05 | 17,411.98 |
| 6 | RUB | Russian Ruble | 250.86 | 277.73 | 259.72 |
| 7 | KRW | Korean Won | 15.94 | 19.32 | 18.31 |
| 8 | INR | Indian Rupee | 290.76 | 302.41 | 288.07 |
| 9 | HKD | Hong Kong Dollar (China) | 3,032.38 | 3,161.50 | 3,068.59 |
| 10 | CNY | Chinese Yuan China | 3,263.47 | 3,402.95 | 3,295.87 |
(Source: State Bank and commercial banks)
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 105.80, 0.1 lower than the end of last week (November 10 at 105.90).
The exchange rate on the greenback market today decreased slightly compared to last weekend. The Euro increased strongly.
The greenback is expected to trend down this week.
Specifically, the greenback and US Treasury yields have been volatile over the past few weeks. However, both are stuck in a wide range and continue to fluctuate within that range.
Earlier this month, the US Federal Reserve (Fed) kept interest rates unchanged at 5.25-5.5%. Markets now expect the Fed to keep rates unchanged at its next meeting in December. However, according to forecasts, there is still room for the Fed to raise interest rates by another 25 basis points in the near future.
The DXY index has been fluctuating between 104.85 and 107.35 for over a month now. Looking at the short-term chart, the greenback is likely to follow a bearish trend in the coming time. If the index fails to break out of the 107 level, it is likely to continue falling below 104.85, or even 104, in the coming time.
Accordingly, the DXY Index needs to rise above 107.35 to regain the uptrend, and may even rise to 108.
The yield on the US 10-year Treasury note has been fluctuating between 4.47% and 5.02% for the past six weeks. The current trading range of 4.47% to 5.02% is likely to remain. We can expect the 10-year Treasury note yield to rise within this range to 4.85% to 4.9% in the coming weeks.
The euro has a key resistance level at 1.08. This figure is expected to peak in the near future, then reverse to 1.05-1.04 in the coming weeks. A drop below 1.065 could trigger a reversal.
Conversely, if the Euro breaks above the 1.08 mark, it could head towards the 1.10-1.11 zone in the coming period.
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