How much is the VND for the current USD exchange rate?
The central exchange rate is listed by the State Bank at 23,190 VND/USD.
The black market USD exchange rate today is at 23,410 - 23,480 VND (buy - sell).
Vietcombank's exchange rate today is listed at: VND 22,530 - VND 22,760 (buy - sell), down VND 10 in both directions compared to the previous trading session.
Vietcombank's Euro exchange rate is currently at 25,576 VND - 26,986 VND (buy - sell).
The Japanese Yen exchange rate is currently at 194 VND - 205 VND (buy - sell).
The British exchange rate is currently at 29,930 VND - 31,180 VND (buy - sell).
The Nhan exchange rate today is at 3,474 VND - 3,620 VND (buy - sell).
USD price today decreased slightly, Gold price today skyrockets to 2-month peak peak
The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 93.907.
Although the USD price decreased slightly, it still approached the peak of 2021. Meanwhile, in the cryptocurrency market, Bitcoin prices set a historic peak record when inflation increased.
The USD/JPY pair fell 0.35% to 112.82.
The AUD/USD pair decreased by 0.13% and the USD/USD pair increased by 0.07%. The US dollar fell against the New Zealand dollar as investors were wary of the possibility that the Reserve Bank of New Zealand could raise interest rates by another 50 basis points at the end of the month.
ANZ analysts commented that "If RBNZ intends to increase by 50 basis points, now is the time".
The USD/CNY pair increased by 0.09%. Inflation data, including consumer price and manufacturing price data from both China and the US, will be released this week. The data could also test central bank views as temporary.
The GBP/USD pair increased by 0.05% to 1.3567. European Central Bank President Christine Lagarde and US Federal Reserve Chairman Jerome Powell both gave a noteworthy speech this week.
The Bank of England surprised the market last week by keeping interest rates unchanged at 0.10%. The Reserve Bank of Australia and the Fed also did not raise interest rates despite positive market predictions.
Standard Chartered analysts expected interest rates to rise in the third quarter of 2022, but then slow them down. "We suspect that the discussion of raising interest rates will ease for some time," said strategists Steve Englander and John Davies. Hopefully, Fed officials will continue to repeat that interest rate hikes will not happen in the next few months."
Gold prices today skyrocketed, reaching a 2-month peak. The Fed sent a message of readiness to make adjustments to the bond buying pace if guaranteed by changes in economic outlook. This message increases market expectations that the central bank can raise interest rates at a faster pace if needed.
Gold is often seen as a hedge against inflation, which has increased during the recovery period after the COVID-19 pandemic.
Yields fell last week, with the yield on the 10-year US government bond recording its biggest week of decline since June 2020. This supports the increase in gold prices.
World gold prices are currently at 1,823.60 - 1,824.60 USD/ounce.
Today's SJC gold price is 58.50 million VND/tael (buy) and 59.22 million VND/tael (sell).
