USD exchange rate today, September 23, 2024: Global USD rises slightly.
USD exchange rate today, September 23, 2024: Global USD rose slightly by 0.01%. The free market reversed course and rose sharply compared to the previous session, fluctuating between 24,900 and 25,000 VND.
Domestic USD exchange rate today, September 23rd
Today, the State Bank of Vietnam maintained the central exchange rate of VND/USD at 24,148 dong.
The USD exchange rate at the State Bank of Vietnam's Exchange remained unchanged, with the buying rate at 23,400 VND and the selling rate at 25,305 VND.
On the free market, the US dollar price rose sharply this morning in Hanoi, fluctuating between 24,900 and 25,000 dong, an increase of 59 dong 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 maintained the same buying and selling rates for USD, at 24,400 VND and 24,740 VND 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 buying and selling prices of USD at 24,400 VND and 24,780 VND respectively, unchanged from the previous trading session.
Today's global USD exchange rate (September 23)
Today, the value of the US dollar edged up slightly against other major currencies in the international market. The Dollar Index, a measure of the dollar's strength against six major currencies, rose slightly by 0.01%, reaching 100.730 points at 6:29 AM Hanoi time.
This past week, the US dollar (USD) continued to fall. The USD-Index dropped to 100.42 points, down 0.7 points from the previous week.
According to expert Joseph Trevisani from FXStreet, the US Federal Reserve's 0.5% interest rate cut was unexpected but did not significantly impact the USD.
The Fed is expected to cut interest rates by another 0.5% this year and 1% in 2025. The market predicts a 49% probability that the Fed will cut rates by another 50 basis points in November, for a total of 74.8 basis points by the end of the year. The Fed's policy interest rate is projected to be 2.85% by the end of 2025.
Asian currencies surged, reaching their highest levels in over a year, after the Fed began cutting interest rates. The weakening of the USD and positive economic prospects in Asia are supporting currencies in the region.
August manufacturing data showed growth in countries such as South Korea, the Philippines, Thailand, Taiwan, India, China, and Vietnam. The strengthening of domestic currencies could allow central banks to lower interest rates without impacting exchange rates.
