USD "takes a hit", Japanese Yen is also not stable

Foreign exchange rates, USD/VND exchange rate today, September 23, recorded a decrease in the USD while the market was struggling with a 50 basis point interest rate cut from the US Federal Reserve (Fed).

Foreign exchange rate update table - Vietcombank USD exchange rate today

1. VCB - Updated: September 23, 2024 07:29 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
Australian Dollar	AUD	16,300.70	16,465.35	16,994.48
Canadian Dollar	CAD	17,643.18	17,821.39	18,394.10
SWISS FRANC	CHF	28,247.40	28,532.73	29,449.65
YUAN RENMINBI	CNY	3,410.85	3,445.30	3,556.55
DANISH KRONE	DKK	-	3,607.25	3,745.58
EURO	EUR	26,712.18	26,982.00	28,178.34
Sterling Pound	GBP	31,842.50	32,164.15	33,197.77
HONG KONG DOLLAR	HKD	3,073.10	3,104.15	3,203.90
INDIAN RUPEE	INR	-	293.34	305.08
YEN	JPY	165.11	166.78	174.72
Korean Won	KRW	15.91	17.68	19.18
KUWAITIAN DINAR	KWD	-	80,331.14	83,547.10
MALAYSIAN RINGGIT	MYR	-	5,794.26	5,920.95
NORWEGIAN KRONER	NOK	-	2,294.09	2,391.61
Russian Ruble	RUB	-	252.36	279.38
SAUDI RIAL	SAR	-	6,529.42	6,790.82
SWEDISH KRONA	SEK	-	2,367.28	2,467.92
SINGAPORE DOLLAR	SGD	18,532.10	18,719.29	19,320.85
THAILAND BAHT	THB	656.12	729.02	756.98
US DOLLAR	USD	24,370.00	24,400.00	24,740.00

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 6:00 a.m. on September 23, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,148 VND.

The reference exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 23,400 VND - 25,305 VND.

USD exchange rates at commercial banks buying and selling are as follows:

Vietcombank: 24,370 VND - 24,740 VND.

Vietinbank : 24,270 VND - 24,770 VND.

Foreign exchange rates, USD/VND exchange rate today, September 23: USD 'takes a hit', Japanese Yen is also not stable. (Source: AA)

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 100.74 - closing the trading session last weekend.

The US dollar fell as markets grappled with a 50 basis point interest rate cut from the US Federal Reserve (Fed), as well as the bank's shift to a dovish stance on monetary policy.

Money markets are pricing in a total of 72 basis points of further cuts by the Fed in 2024 and 192 basis points by September 2025. The US Treasury yield curve, which measures the gap between 2-year and 10-year Treasury yields and is seen as an indicator of economic expectations, has steepened to its highest level since June 2022.

Against the USD, the EUR fell 0.01% to 1.115925 USD.

Meanwhile, compared to the Japanese Yen, the USD exchange rate has skyrocketed to its highest level since early September 2024, reaching 144.50 Yen for 1 USD.

At its policy meeting last week, the Bank of Japan (BoJ) announced that it would keep interest rates unchanged and signaled it would be in no rush to raise them again. The BoJ decided to keep interest rates unchanged at 0.25% - a move that had been widely expected.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-239-usd-chiu-don-yen-nhat-cung-khong-yen-on-287281.html