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 drops sharply, 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.
The dollar continued to decline after Federal Reserve Chairman Jerome Powell said the Fed should start cutting asset purchases soon, but the Fed should not raise interest rates.
Mr. jeromme Powell said that employment data is still too low and high inflation may ease next year as the pressure from the COVID-19 pandemic gradually eases. However, many experts are concerned that high price pressure is not temporary as the Fed Chairman assessed.
Many investors took a strong profit-taking move as the dollar index hit a one-year peak last week. The fear of inflation continuing to be high for a longer period of time has investors looking forward to the time when the Fed will raise interest rates for the first time in mid-2022.
At its September meeting, the Fed signaled that it could start cutting monthly bond purchases as early as November and that rate hikes were signaling they 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 are expected to 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).
