Foreign exchange rates, USD/VND exchange rate today, October 11, recorded the USD falling against the Japanese Yen as investors considered data showing a weak US labor market.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: 10/11/2024 09:29 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,319.54 | 16,484.39 | 17,013.82 |
| CANADIAN DOLLAR | CAD | 17,617.24 | 17,795.19 | 18,366.72 |
| SWISS FRANC | CHF | 28,266.13 | 28,551.65 | 29,468.64 |
| YUAN RENMINBI | CNY | 3,421.16 | 3,455.72 | 3,566.71 |
| DANISH KRONE | DKK | - | 3,574.92 | 3,711.95 |
| EURO | EUR | 26,474.47 | 26,741.89 | 27,927.07 |
| Sterling Pound | GBP | 31,622.14 | 31,941.56 | 32,967.42 |
| HONGKONG DOLLAR | HKD | 3,117.32 | 3,148.80 | 3,249.93 |
| INDIAN RUPEE | INR | - | 295.17 | 306.98 |
| YEN | JPY | 161.25 | 162.87 | 170.63 |
| KOREAN WON | KRW | 15.92 | 17.69 | 19.19 |
| KUWAITIAN DINAR | KWD | - | 80,981.83 | 84,222.29 |
| MALAYSIAN RINGGIT | MYR | - | 5,738.60 | 5,863.96 |
| NORWEGIAN KRONER | NOK | - | 2,266.33 | 2,362.64 |
| RUSSIAN RUBLE | RUB | - | 244.81 | 271.02 |
| SAUDI RIAL | SAR | - | 6,600.20 | 6,864.30 |
| SWEDISH KRONA | SEK | - | 2,343.16 | 2,442.73 |
| SINGAPORE DOLLAR | SGD | 18,546.81 | 18,734.15 | 19,335.83 |
| THAILAND | THB | 656.65 | 729.61 | 757.58 |
| US DOLLAR | USD | 24,640.00 | 24,670.00 | 25,030.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:00 a.m. on October 11, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,172 VND, an increase of 5 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,330 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 24,640 - 25,030 VND
Vietinbank: 24,515 - 25,015 VND.
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| Foreign exchange rates, USD/VND exchange rate today October 11: Why did the USD end its price increase streak? (Source: Capital) |
Exchange rate developments in the world market
Meanwhile, in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) was at 102.47, down slightly by 0.06%.
The dollar fell against the Japanese yen as investors weighed data showing a weak U.S. labor market and a slight rise in consumer prices, paving the way for the Federal Reserve to potentially cut interest rates again.
Data released by the US Department of Labor on October 10 showed that the Consumer Price Index (CPI) increased by 0.2% in September. However, in the 12 months to September, the CPI increased by 2.4%, which is the smallest year-over-year increase since February 2021.
Economists in a Reuters poll had forecast the CPI rising 0.1% and rising 2.3% year-on-year.
Other data from the Labor Department also showed that the number of Americans filing for unemployment benefits jumped last week, partly due to Hurricane Helene.
The greenback fell 0.38% to 148.66 yen after rising to a high of 149.58 yen for the first time since Aug. 2.
The euro fell to its lowest since August 8 against the dollar and was down 0.14% on the day at $1.0925.
The DXY index briefly rose to 103 before falling back.
In an interview with the Wall Street Journal on October 11, Atlanta Fed President Raphael Bostic said he was not opposed to keeping interest rates unchanged at the Fed’s upcoming meeting. He added that “volatility” in recent data on inflation and employment could warrant a rate hike in November.
Traders are betting nearly 85% on a 25 basis point rate cut at the Fed's next policy meeting on Nov. 7 and nearly 15% on no change at all, according to CME Group's FedWatch Tool.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1110-usd-ket-thuc-chuoi-tang-gia-vi-dieu-gi-289589.html
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