USD exchange rate today September 23, 2024: World USD slightly increased
USD exchange rate today September 23, 2024: World USD increased slightly by 0.01%. The free market reversed and increased sharply compared to the previous session, fluctuating from 24,900 to 25,000 VND.
Domestic USD exchange rate today September 23
Today, the State Bank kept the central exchange rate VND/USD unchanged at 24,148 VND.
The USD exchange rate at the State Bank of Vietnam remained unchanged, with the buying rate at 23,400 VND and the selling rate at 25,305 VND.
In the free market, the USD price increased sharply this morning in Hanoi, ranging from 24,900 to 25,000 VND, an increase of 59 VND compared to yesterday.
Vietcombank listed the USD buying and selling rates unchanged, at 24,370 VND for buying and 24,740 VND for selling.
BIDV also kept the USD buying and selling rates unchanged, at VND24,400 and VND24,740 respectively.
Vietinbank announced the buying rate at 24,270 VND and the selling rate at 24,770 VND, unchanged from the previous session.
Eximbank listed the USD buying and selling prices at 24,400 VND and 24,780 VND, unchanged from the previous trading session.
World USD exchange rate today September 23
The US dollar edged up slightly against other major currencies in the international market today. The Dollar Index, which measures the strength of the dollar against six major currencies, edged up 0.01% to 100,730 points at 6:29 a.m. Hanoi time.
Last week, the US dollar (USD) continued to fall. The USD-Index fell to 100.42 points, down 0.7 points from the previous week.
Expert Joseph Trevisani from FXStreet commented that the US Federal Reserve's 0.5% interest rate cut was a surprise but did not have much impact on the USD.
The Fed is expected to cut rates another 0.5% this year and 1% in 2025. Markets are pricing in a 49% chance of another 50 basis point cut in November and a total of 74.8 basis points by year-end. The Fed's policy rate is forecast to be 2.85% by the end of 2025.
Asian currencies surged to their highest levels in more than a year after the Fed began cutting interest rates. A weaker dollar and a positive economic outlook in Asia are supporting regional currencies.
August manufacturing data showed growth in countries such as South Korea, the Philippines, Thailand, Taiwan, India, China and Vietnam. Stronger currencies could help central banks cut interest rates without affecting exchange rates.
