USD exchange rate today 11/6/2024: Decreased both domestically and internationally
USD exchange rate today November 6, 2024: The State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 5 VND, currently at 24,248 VND. The US Dollar Index decreased by 0.46%, to 103.42.
World USD exchange rate today
The US Dollar Index (DXY), which measures the value of the US dollar against six other major currencies, fell 0.46% to 103.42.
The USD's volatility is linked to the US election, where the outcome could impact the currency's future.
The race between Donald Trump and Kamala Harris for president is getting tight, impacting currency markets.
Despite market predictions that Trump could win the election, the USD still fell in value.
Trump's policies could increase inflation, but tax cuts could boost economic growth and bond yields.
If the Democrats win, the dollar could fall on concerns about higher taxes and tighter business regulations.
A Trump victory could also weaken the euro and other currencies due to the possibility of new tariffs.
The DXY index fell to its lowest level since October 16, while the EUR gained.
The Chinese Yuan also appreciated in recent trading sessions.
Traders are keeping an eye on the US Federal Reserve meeting, which is scheduled to end on November 7.
Domestic USD exchange rate today
Today's USD exchange rate (November 6), the free market continued to decrease, while commercial banks tended to increase the USD price compared to the previous session.
Specifically, the central exchange rate of the VND/USD pair announced by the State Bank is 24,248 VND, down 5 VND compared to the previous level.
The reference USD exchange rate at the State Bank of Vietnam is currently listed at 23,400 - 25,450 VND/USD (buy - sell), unchanged from the previous session.
In the free market this morning, the USD decreased in value compared to the previous session. Specifically, in Hanoi at 6:24 a.m., the USD exchange rate fluctuated at 25,735 - 25,835 VND/USD (buy - sell), down 15 VND/USD in both buying and selling compared to the same time yesterday.
Meanwhile, commercial banks adjusted their USD buying and selling prices up. Specifically:
Vietcombank listed the USD buying price at 25,130 VND and the selling price at 25,460 VND, an increase of 35 VND/USD in buying price, but a decrease of 5 VND/USD in selling price compared to the previous session.
BIDV listed the USD buying price at 25,162 VND and the selling price at 25,460 VND, an increase of 37 VND/USD in buying price, but a decrease of 5 VND/USD in selling price compared to the previous session.
Vietinbank listed the USD buying price at 25,010 VND and the selling price at 25,465 VND, down 25 VND/USD for buying and down 5 VND/USD for selling compared to the previous session.
Eximbank listed the USD buying price at 25,120 VND and the selling price at 25,460 VND, down 10 VND/USD for buying and down 5 VND/USD for selling compared to the previous session.
