Foreign exchange rates, USD/VND exchange rate today, October 28, recorded that the market expects the USD's upward momentum to continue in the next few weeks.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: October 28, 2024 08:27 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 16,377.03 | 16,542.46 | 17,073.19 |
| CANADIAN DOLLAR | CAD | 17,855.01 | 18,035.36 | 18,613.99 |
| SWISS FRANC | CHF | 28,538.34 | 28,826.60 | 29,751.44 |
| YUAN RENMINBI | CNY | 3,471.82 | 3,506.89 | 3,619.40 |
| DANISH KRONE | DKK | - | 3,614.03 | 3,752.43 |
| EURO | EUR | 26,766.87 | 27,037.25 | 28,234.58 |
| Sterling Pound | GBP | 32,076.74 | 32,400.75 | 33,440.25 |
| HONGKONG DOLLAR | HKD | 3,182.44 | 3,214.58 | 3,317.71 |
| INDIAN RUPEE | INR | - | 301.01 | 313.05 |
| YEN | JPY | 161.12 | 162.75 | 170.49 |
| KOREAN WON | KRW | 15.80 | 17.55 | 19.05 |
| KUWAITIAN DINAR | KWD | - | 82,623.78 | 85,927.11 |
| MALAYSIAN RINGGIT | MYR | - | 5,788.52 | 5,914.78 |
| NORWEGIAN KRONER | NOK | - | 2,272.06 | 2,368.53 |
| RUSSIAN RUBLE | RUB | - | 249.29 | 275.97 |
| SAUDI RIAL | SAR | - | 6,736.09 | 7,005.40 |
| SWEDISH KRONA | SEK | - | 2,350.89 | 2,450.71 |
| SINGAPORE DOLLAR | SGD | 18,744.31 | 18,933.64 | 19,541.09 |
| THAILAND | THB | 663.65 | 737.39 | 765.63 |
| US DOLLAR | USD | 25,167.00 | 25,197.00 | 25,467.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:50 a.m. on October 28, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,255 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: 25,167 - 25,467 VND.
Vietinbank: 25,220 - 25,467 VND.
 |
| Foreign exchange rates, USD/VND exchange rate today October 28: USD maintains an upward trend. (Source: Vietnamnet) |
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 104.32.
The DXY index rose for the fourth consecutive week and remains in an overall uptrend.
The index broke through the resistance level of 104 and closed the week at 104.32, up 0.80%. The sharp rise in US Treasury yields is supporting the USD to maintain its upward momentum.
Markets are turning cautious ahead of next month’s U.S. presidential election, which is expected to boost the greenback’s safe-haven appeal.
The uptrend remains strong and the market expects the USD's rally to continue in the coming weeks until the US election results are out.
The DXY index's upside momentum is strong and steady. Support is at 104. Below that, 103 is the next strong support level. Any decline below 104 will be limited by 103.
The DXY could rise to 105 from here. If it breaks above 105, it could rise to 106 in the short term. The price action after that will need to be closely watched. The index needs strong momentum to gain sustained momentum above 106. Otherwise, the DXY could reverse lower from there and fall back to 103, depending on the outcome of the US presidential election.
So, currently, the market expects the DXY index to rise to 106 in the next few weeks and then fall after the election.
The yield on the 10-year US Treasury note rose above the 4.12% resistance level as expected. In fact, the yield ended the week above the important 4.2% level, which is a very positive signal.
The outlook remains bullish. The US Treasury yield has support in the 4.2-4.17% range, and could rise to the 4.4-4.45% range in the coming weeks. The price action will need to be closely watched thereafter. The market expects yields to reverse lower from the 4.4-4.45% resistance range.
On the flip side, as expected, the EUR/USD index fell below the 1.08 support level last week. The currency hit a low of 1.0761 and has since recovered slightly.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-2810-usd-vung-xu-huong-tang-291572.html
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