USD exchange rate at bank
Central exchange rate: Recorded at 6:00 a.m. on December 24, the State Bank announced it at 24,315 VND/USD, an increase of 15 VND compared to early yesterday morning.
Exchange rate at Vietcombank: 25,200 - 25,530 VND/USD (buy - sell).
Exchange rate at BIDV: 25,230 - 25,530 VND/USD.
Euro and other currencies exchange rates
Euro down slightly from previous session:
At Vietcombank: 25,865 VND (buy) - 27,282 VND (sell).
Yen continues to fall, facing the risk of intervention from Tokyo.
At Vietcombank, it is listed at 156.86 - 165.98 VND. At BIDV, it is listed at 157.79 - 158.05 VND.
Trend analysis, investment suggestions for USD, Euro, Yen
For the USD, the USD Index remained high thanks to slightly lower US inflation data. This helped strengthen the belief that the Fed is well controlling interest rate adjustments, avoiding major shocks in the market, while creating stable conditions for the USD in the short term.
Importing businesses should consider buying USD early to avoid the risk of price increases in early 2025.
Exporters can take advantage of the high USD price opportunity to optimize foreign exchange earnings.
The Yen weakened as the interest rate differential between the US and Japan continued to widen, along with the BoJ not giving any signal of policy adjustment.
Investors should be aware of the possibility of intervention from the Japanese government if the Yen falls further, which could cause strong market volatility.
With a slight decline, the Euro was affected by the strength of the USD and cautious signals from the ECB. Investors need to closely monitor interest rate decisions from both the ECB and the Fed to come up with appropriate strategies.
At the same time, the fact that core inflation in the US is still above 2% suggests that the Fed may maintain its tight monetary policy longer than expected. Investors and businesses need to continue to closely monitor this development to adjust their financial plans accordingly.
