Foreign exchange rate 17.5: USD temporarily stops selling, warns of new decline

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Foreign exchange rate today (May 17): Black market USD price stops declining but is still in the low price range. Gold price today is at 56.40 million VND/tael.

How much is the VND for the current USD exchange rate?

The central exchange rate is listed by the State Bank at 23,176 VND/USD.

The black market USD exchange rate today is at 23,230 - 23,300 VND (buy - sell).

Vietcombank's exchange rate today is listed at: VND 22,920 - VND 23,150 (buy - sell), unchanged from the previous trading session.

Vietcombank's Euro exchange rate is currently at VND 27,150 - VND 28,568 (buy - sell).

The Japanese Yen exchange rate is currently at 204 VND - 215 VND (buy - sell).

The British exchange rate is currently at 31,672 VND - 32,995 VND (buy - sell).

The Nhan exchange rate today is at 3,508 VND - 3,655 VND (buy - sell).

The Australian Dollar exchange rate today is at 17,468 - 18,198 VND (buy - sell).

USD price today's fluctuations, gold prices today increased

The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 90.373.

USD prices are "struggling" to avoid falling further as investors have high confidence that the USD will decline further. The US Federal Reserve continues to keep interest rates low while the US trade deficit and exchange rate increase.

Commodity prices decreased and the COVID-19 outbreak in Singapore and Taiwan helped the dollar increase modestly by 0.2% compared to the Australian and New Zealand dollars in the Asian market.

The greenback increased by 0.1% against the Euro and Yen.

The focus of the market is the Fed Minutes, which will be released in the middle of this week. Experts are very interested in the Fed's message in the context of recent high inflation.

We hope the Feds minutes will reiterate the temporary message of rising inflation, said Kim Mundy, currency strategist at Commonwealth Bank of Australia in Sydney.

As a result, we do not expect the Fed to soon consider reducing its asset purchases. The dollar is expected to continue its downward trend this week due to the impact of last week's CPI information".

The British pound has risen near its highest level in 2.5 months after the UK reopened the economy after four months of lockdown due to COVID.

Things are going in the opposite direction in Asia, where some countries are suffering new COVID-19 outbreaks. Singapore and Taiwan have both tightened travel restrictions as the COVID-19 wave becomes complicated. The Taiwanese dollar fell to a three-week low.

The dollar rose 0.1% against China's yuan after the release of industrial output and retail sales figures.

Following the tweet from billionaire Elon Musk, Bitcoin prices fell to their lowest level since February.

Online Kitco gold price is currently at 1,851.50 - 1,852.50 USD/ounce.

Domestic gold prices are as follows: SJC gold price today is 56.05 million VND/tael (buy) and 56.40 million VND/tael (sell).

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Foreign exchange rate 16.5: Black market USD drops sharply, gold price increases

Trà My |

Foreign exchange rate today (May 16): Black market USD price continues to plummet. Gold price today is at 56.40 million VND/tael.

Foreign exchange rate 15.5: Concerns about inflation, black market USD drops sharply

Trà My |

Foreign exchange rate today (May 15): Black market USD prices fell in the same direction as world USD prices in the context of declining US bond yields. Gold price today is at 56.40 million VND/tael.

Foreign exchange rate 14.5: USD increases despite heavy inflationary pressure

Trà My |

Foreign exchange rate today (May 14): Black market USD price still fell sharply despite the world USD price having increased again. Gold price today is at 56.15 million VND/tael.