How much is the VND for the current USD exchange rate?
The central exchange rate is listed by the State Bank at 23,142 VND/USD.
The black market USD exchange rate today is at 23,330 - 23,370 VND (buy - sell).
Vietcombank's exchange rate today is listed at: 22,625 VND - 22,855 VND (buy - sell), unchanged in both directions compared to the previous trading session.
Vietcombank's Euro exchange rate is currently at 25,784 VND - 27,205 VND (buy - sell).
The Japanese Yen exchange rate is currently at 193 VND - 204 VND (buy - sell).
The British Stock Exchange rate is currently at 30,588 VND - 31,866 VND (buy - sell).
The Nhan exchange rate today is at 3,487 VND - 3,633 VND (buy - sell).
USD price today stops falling, Gold price increases today
The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 93.588.
USD prices fell sharply after reaching a 1-year peak, along with a strong profit-taking move by investors. USD prices were affected after Fed Chairman Jerome Powell reiterated his stance that the US central bank is on the right track to start cutting monthly bond purchases. He expects the narrowing of theQE package to be completed by mid-2022.
Despite the continued risk of high inflation in the US, Federal Reserve Chairman Jerome Powell said it would be "too early" to raise interest rates and put risks on economic recovery efforts.
US inflation has more than doubled the bank's 2% target. However, Mr. Powell said that supply bottlenecks are likely to gradually ease, accordingly reducing inflationary pressure and wages. The Fed president affirmed that the bank will take measures to curb inflation if necessary.
At its September meeting, the Fed said it would start cutting monthly bond purchases as early as November, and rate hikes were signaling that could take place faster than expected.
US business performance data increased sharply in October. This shows that economic growth has increased in the early fourth quarter as the number of COVID-19 infections decreased. However, the US is facing a shortage of labor and raw materials that have hampered production activities.
The recovery of the dollar is also under pressure as investors build expectations that the Fed will soon increase exchange rates with other currencies.
The Yen, which is considered a safe haven, has increased in value. However, since the beginning of the year, the Yen is the weakest active currency, down nearly 10% this year. The dollar fell 0.50% against the Japanese currency at 113.42 yen.
In the cryptocurrency market, Bitcoin price decreased by 2.98% to 60,367 USD. The cryptocurrency set a record high of $67,017 on Wednesday. Bitcoin prices are supported by the launch of the first ETF exchange-traded fund to buy and sell Bitcoin futures in the United States.
World gold prices had a time to increase to reach a 6-week peak. However, gold prices reversed and decreased immediately after the Fed Chairman's comments. Experts predict that gold prices will soon reach 1,830 USD/ounce in the near future. The weakening of USD prices and the rapid increase in energy prices have made experts worry about high inflation. All of these factors will support gold's price increase as gold is considered a safe haven against inflation.
World gold prices are currently at 1,792.00 - 1,793.00 USD/ounce.
Today's SJC gold price is 57.55 million VND/tael (buy) and 58.27 million VND/tael (sell).
