Foreign exchange rates, USD/VND exchange rate today, December 31, recorded that the USD is on track to increase by 11.4% compared to the Japanese Yen this year, confirming the 4th consecutive year of increase.
Foreign exchange rate update table - USD exchange rate Agribank today
| 1. Agribank - Updated: December 31, 2024 08:30 - 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 31, 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.
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| Foreign exchange rates, USD/VND exchange rate today, December 31: USD 'makes waves', Japanese Yen inched up slightly. (Source: The Guardian) |
Exchange rate developments in the world market
The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.06%, currently at 108.06.
The dollar edged up. The Japanese yen also edged up from a five-month low against the greenback, as traders continued to bet on fewer rate cuts from the Federal Reserve next year.
The US currency has gained in recent weeks on expectations of a less dovish Fed amid inflation that remains above the Fed's 2% annual target.
Analysts expect policies from President-elect Donald Trump's administration to boost growth and increase price pressures next year.
Fed policymakers this month cut their interest rate forecast for 2025 by 50 basis points, from 100 basis points, and Fed Chairman Jerome Powell said further cuts in borrowing costs now depend on further progress in lowering inflation.
The DXY index is on track to gain 6.6% this year. The index closed up 0.06%, after hitting a two-year high of 108.54 on Dec. 20.
The yen has been hit by the wide interest rate differential between Japan and the United States. The dollar is on track to gain 11.4% against the Japanese currency this year, confirming a four-year winning streak. The currency fell 0.51% in the previous session, currently at 157.02 yen.
In contrast, the euro is headed for a 5.8% decline against the dollar this year, after the European Central Bank (ECB) cut interest rates four times by 2024 and with market expectations that the ECB will cut rates faster than the Fed in 2025.
The currency closed the trading session down 0.25% to $1.0401.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-3112-usd-tao-song-yen-nhat-nhich-nhe-299142.html
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