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| Foreign exchange rates today December 8: USD, EUR, CAD, British Pound exchange rates... The greenback has fallen sharply against the Japanese Yen, is there any intervention? Illustrative photo. (Source: Reuters) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of December 8 was announced by the State Bank at 23,951 VND, returning to the old level, down 8 VND/USD compared to yesterday.
Domestic market:
USD exchange rate for buying is 24,060 VND/USD, selling is 24,430 VND/USD.
EUR exchange rate for buying is 25,443 VND/EUR and selling is 26,840 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,120 VND/USD, selling is 24,420 VND/USD.
EUR exchange rate for buying is 25,709 VND/EUR, selling is 26,889 ND/EUR.
| STT | Currency code | Currency name | Bank exchange rate commerce Buy | Bank exchange rate commerce Sell out | *State Bank exchange rate Apply for import and export from December 7-13 |
| 1 | EUR | Euro | 25,509.74 | 26,910.46 | 25,847.92 |
| 2 | JPY | Japanese Yen | 164.39 | 174.02 | 162.69 |
| 3 | GBP | British Pound | 29,764.51 | 31,031.98 | 30,183.05 |
| 4 | AUD | Australian Dollar | 15,600.84 | 16,265.17 | 15,764.55 |
| 5 | CAD | Canadian Dollar | 17,401.16 | 18,142.16 | 17,643.46 |
| 6 | RUB | Russian Ruble | 249.79 | 276.54 | 258.56 |
| 7 | KRW | South Korean Won | 16.02 | 19.41 | 18.24 |
| 8 | INR | Indian Rupee | 290.15 | 301.77 | 287.36 |
| 9 | HKD | Hong Kong Dollar (China) | 3,026.72 | 3,155.61 | 3,066.04 |
| 10 | CNY | Chinese Yuan China | 3,322.84 | 3,464.86 | 3,346.09 |
(Source: State Bank, Commercial Bank, Customs Department)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.51% to 103.64.
The greenback exchange rate in the world today fell sharply compared to the Japanese Yen. The Euro has increased.
Specifically, the greenback fell ahead of the US non-farm payroll report to be released today and fell sharply against the Japanese Yen.
The US Federal Reserve is widely expected to keep interest rates at current levels at its meeting next week. Futures markets are pricing in a 60% chance of a rate cut in March, up from 50% last week, according to CME's FedWatch tool.
Meanwhile, the Japanese Yen posted its biggest gain in nearly a year in recent trading, after Japan's monetary authorities gave a clearer view on the change in monetary policy.
Bank of Japan (BOJ) Governor Kazuo Ueda said on December 7 that the central bank has several options on its target interest rate after lifting short-term borrowing costs out of negative territory.
The market sees this as a potential sign that a change may be coming and a positive factor for the Japanese yen. The BOJ's tighter monetary policy will be in contrast to other central banks that are seen as nearing the end of their rate-hike cycle.
The dollar fell 2.62 percent against the Japanese yen to 143.465, after briefly falling as much as 3.8 percent earlier in the session.
The BOJ is the only central bank to maintain ultra-low interest rates, sending the Japanese yen to its lowest level in decades against the dollar, and fueling speculation that monetary authorities could intervene to support the currency.
The euro closed up 0.32% at 1.07980. Cooling inflation, a slowdown in major economies such as Germany and loosening in the labor market have led traders to predict that the euro zone exchange rate will fall to 3%, from the current 4%.
The European Central Bank will hold its last meeting of 2023 next week.
Source
![[Photo] Binh Trieu 1 Bridge has been completed, raised by 1.1m, and will open to traffic at the end of November.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/10/2/a6549e2a3b5848a1ba76a1ded6141fae)
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