How much is the VND for the current USD exchange rate?
The central exchange rate is listed by the State Bank at 23,131 VND/USD.
The black market USD exchange rate today is at 23,490 - 23,540 VND (buy - sell).
Vietcombank's exchange rate today is listed at: VND 22,620 - VND 22,850 (buy - sell), unchanged in both directions compared to the previous trading session.
Vietcombank's Euro exchange rate is currently at 25,911 VND - 27,339 VND (buy - sell).
The Japanese Yen exchange rate is currently at 194 VND - 205 VND (buy - sell).
The British exchange rate is currently at 30,596 VND - 31,875 VND (buy - sell).
The Nhan exchange rate today is at 3,487 VND - 3,633 VND (buy - sell).
USD price today jumps high, Gold price today plummets straight
The US Dollar Index (DXY) measuring the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) is currently at 94.610.
USD prices rebounded after news of rising US government bond yields. The US Federal Reserve's priority inflation measures are pushing prices up further than the 2% target previously set by the Fed.
The Euro, which has a large share of the index dollar, has fallen 1.05% against the greenback. This is the sharpest decline since June.
The decline in the Euro has helped the dollar index increase by 0.8%.
The Euro also fell 0.4% against the British pound and 0.7% against the Swiss francs.
fluctuations in the foreign exchange and interest rate markets have occurred continuously throughout the past week. Next week, the focus will be on policy meetings of the US Federal Reserve, the Bank of England and the Reserve Bank of Australia.
The main reason for the strong volatility in the currency market is the difference between what the market is actually doing and what central banks are saying, said Marc Chandler, chief economist at Bannockburn Global Forex.
Another reason for the volatility pointed out by experts is that investors are actively restructuring their portfolios when the market tends to have the least liquidity.
Its the end of the month, said Axel Merk, chief investment officer at Merk Investments at Palo Alto. Some transactions are likely to be changed to reverse the investment portfolio at the end of the month".
US Treasury yields rose after the core personal consumption index rose to 4.4% in September. This is an unprecedented level of inflation in 30 years.
The US interest rate market fluctuates abnormally as investors prepare for the Federal Reserve to raise interest rates around mid-2022.
European data showed that inflation in 19 countries using the common currency Euro increased to 4.1% in October. This figure far exceeded the previous forecast of 3.7% and put the European Central Bank in a difficult situation.
German 10-year bond yields rose by 8 basis points to their highest level since May 2019 and Southern Europe government bond yields rose sharply.
The disappointing message from ECB President Christine Lagarde at a recent press conference has discouraged investors. Market expectations for higher interest rates have prompted Danske Bank analysts to predict the Euro will fall to 1.10 USD in the next 12 months.
Marios Hadjikyriacos, senior investment analyst at brokerage XM, said: Investors are not buying according to what the ECB is saying. Investors are betting that inflation will force the ECB to recover assets earlier than planned."
Gold prices today plummeted after the US inflation data was released.
World gold prices are currently at 1,784.30 - 1,785.30 USD/ounce.
Today's SJC gold price is 57.75 million VND/tael (buy) and 58.45 million VND/tael (sell).
