Foreign exchange rates, USD/VND exchange rate today, December 19, recorded the USD increasing compared to other currencies, reaching a two-year high.
Foreign exchange rate update table - USD exchange rate Agribank today
| 1. Agribank - Updated: December 19, 2024 08:30 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 25,240 | 25,251 | 25,491 |
| EUR | EUR | 26,142 | 26,247 | 27,346 |
| GBP | GBP | 31,677 | 31,804 | 32,769 |
| HKD | HKD | 3,205 | 3,218 | 3,322 |
| CHF | CHF | 27,932 | 28,044 | 28,894 |
| JPY | JPY | 161.48 | 162.13 | 169.19 |
| AUD | AUD | 15,776 | 15,839 | 16,328 |
| SGD | SGD | 18,490 | 18,564 | 19,080 |
| THB | THB | 724 | 727 | 758 |
| CAD | CAD | 17,432 | 17,502 | 17,998 |
| NZD | NZD | 14,372 | 14,861 | |
| KRW | KRW | 16.97 | 18.60 | |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:00 a.m. on December 19, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,278, an increase of 8 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: 25,161 - 25,490 VND.
Vietinbank: 25,180 - 25,485 VND.
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| Foreign exchange rates, USD/VND exchange rate today, December 19: USD 'shines', climbs to two-year peak. (Source: CNN) |
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 1.28%, currently at 108.24.
The US dollar rose against other currencies, hitting a two-year high, after the US Federal Reserve delivered an interest rate cut as expected by the market, while also saying it would slow the pace of its monetary policy easing cycle.
The Fed cut its benchmark policy rate by 25 basis points, bringing it to a range of 4.25%-4.5%.
Fed officials also signaled they may pause future rate cuts next year as the labor market and inflation stabilize. The yield on the benchmark 10-year U.S. Treasury note rose 6.1 basis points to 4.446 percent, hitting a four-week high.
The dollar also rose 0.89% to 0.90020 against the Swiss franc, after hitting 0.90150 - its highest since July. The euro fell 1.17% to $1.03695, falling to a three-week low.
When interest rates are low, borrowing costs are cheaper, allowing businesses to invest in new projects or hire more employees. Similarly, consumers spend more because savings are less attractive.
The dollar also rose 0.78 percent to 154.63 against the yen, hitting a three-week high. The Bank of Japan is expected to keep interest rates unchanged at its policy meeting today, December 19.
The Bank of England is also expected to keep interest rates unchanged at its policy meeting today, December 19. The pound fell slightly against the euro and the dollar after the Fed's decision. The currency fell 0.98% to $1.25860, falling to a three-week low.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-1912-usd-toa-sang-leo-dinh-hai-nam-297903.html
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