Exchange rate this morning 12/27: USD increases sharply, Yen is weakest in 5 months

Thanh Vân |

Exchange rate this morning: USD maintains its upward momentum thanks to high bond yields in the US. Japanese Yen weakens near the intervention threshold, Euro and GBP continue to be under pressure from the strong USD.

USD exchange rate at bank

Central exchange rate: State Bank announced at 24,310 VND/USD, slightly increased by 2 VND compared to December 26.

At Vietcombank: 25,195 - 25,525 VND/USD (buy - sell).

At BIDV: 25,225 - 25,525 VND/USD.

Euro and other currencies exchange rates

Euro:

At Vietcombank: 25,747 VND (buy) - 27,158 VND (sell).

Continued decline from yesterday's price.

Japanese Yen:

At Vietcombank: 155.93 - 165.00 VND.

At BIDV: 157.03 - 165.14 VND.

The yen remains at a five-month low, near a level that could trigger intervention from Tokyo.

Trend analysis and investment suggestions

USD:

The US dollar continued to strengthen thanks to the prospect of prolonged high interest rates in the US. The USD Index remained at 108.15, near a two-year high of 108.54.

The yield on 10-year US government bonds rose to 4.613%, the highest since May, supporting the USD's rise.

Importing businesses should consider buying USD early to avoid the risk of higher prices in the future.

Exporters should continue to lock in foreign currencies as the USD is at a high level.

Japanese Yen:

The US-Japan interest rate gap continues to widen, while the BoJ has not signaled any policy adjustment. This increases the downward pressure on the Yen.

Investors need to be wary of possible intervention from the Japanese government, which could cause major volatility in the short term.

Euro and GBP:

The euro is currently trading around $1.0399, near a two-year low set in November. The British pound (GBP) is holding around $1.2532, its lowest in a month.

The ECB was cautious in adjusting interest rates, putting the Euro and GBP under pressure from the strong USD.

Investors should closely monitor signals from the ECB and the Fed to determine the next exchange rate trend.

Expert opinion

Vishnu Varathan, head of macro research for Asia at Mizuho Bank, said the divergence in monetary policy between the Fed and the BoJ continues to be the main factor pushing the Japanese Yen weaker.

Jonas Goltermann, Deputy Chief Economist at Capital Economics, predicts that the USD could strengthen further next year thanks to the advantage of interest rate differentials and outstanding US economic performance.

Although the US inflation outlook has eased slightly, experts warn that instability remains due to the impact of tariff policies and geopolitical factors, especially as President Trump prepares to return to the White House in January 2025.

Thanh Vân
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