USD growth strongest in nearly a decade

Foreign exchange rates, USD/VND exchange rate today, December 30, recorded that the USD is on track to achieve its strongest growth year in nearly a decade, thanks to the strength of the US economy , which has slowed the pace of Fed interest rate cuts.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: December 30, 2024 09:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,270	25,283	25,543
EUR	EUR	26,007	26,111	27,210
GBP	GBP	31,398	31,524	32,486
HKD	HKD	3,212	3,225	3,330
CHF	CHF	27,680	27,791	28,647
JPY	JPY	157.48	158.11	164.85
AUD	AUD	15,525	15,587	16,091
SGD	SGD	18,408	18,482	18,994
THB	THB	727	730	762
CAD	CAD	17,350	17,420	17,912
NZD	NZD		14,103	14,589
KRW	KRW		16.56	18.24

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:00 a.m. on December 30, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,322 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 : 25,208 - 25,538 VND.

Vietinbank: 25,125 - 25,538 VND.

Foreign exchange rates, USD/VND exchange rate today December 30: USD has the strongest growth in nearly a decade. (Source: Globaltrademag)

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) at 108.01.

The DXY index has been trading in a very narrow range this past week and remains firmly at 108. Investors remain cautious and the thin trading sessions at the end of the year have limited volatility in the currency market.

Despite profit-taking following last week's gains, the greenback continued to rise as traders returned from the Christmas holidays.

The US dollar is on track for its strongest year in nearly a decade, as US economic strength slows the pace of interest rate cuts by the Federal Reserve.

At the same time, tough tariff threats from US President-elect Donald Trump further bolstered confidence in the greenback.

The Bloomberg Dollar Spot Index, which measures the value of the greenback against a basket of other major currencies, has risen more than 7% since the start of 2024, marking its best performance since 2015.

All developed-world currencies weakened against the greenback, as other central banks were forced to introduce measures to support their economies.

“The main pillar supporting the dollar this year has been the strength of the US economy, which has motivated the Fed to pursue a modest rate-cutting cycle, keeping US interest rates higher than elsewhere, thereby maintaining the valuation of the dollar at historically high levels,” said Skylar Montgomery Koning, foreign exchange strategist at Barclays.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-3012-usd-tang-truong-manh-nhat-gan-mot-thap-ky-299066.html