Foreign exchange rates, USD/VND exchange rate today, August 8, recorded a slight recovery of the USD, while the Japanese Yen turned to decrease, after the Bank of Japan (BOJ) lowered the possibility of raising interest rates in the near future.
Foreign exchange rate update table - Vietcombank USD exchange rate today
| 1. VCB - Updated: 08/08/2024 08:29 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| AUSTRALIAN DOLLAR | AUD | 15,980.50 | 16,141.92 | 16,660.01 |
| CANADIAN DOLLAR | CAD | 17,848.18 | 18,028.47 | 18,607.10 |
| SWISS FRANC | CHF | 28,587.04 | 28,875.80 | 29,802.59 |
| YUAN RENMINBI | CNY | 3,435.34 | 3,470.04 | 3,581.95 |
| DANISH KRONE | DKK | - | 3,619.56 | 3,758.22 |
| EURO | EUR | 26,808.30 | 27,079.09 | 28,278.64 |
| Sterling Pound | GBP | 31,109.99 | 31,424.23 | 32,432.82 |
| HONGKONG DOLLAR | HKD | 3,149.67 | 3,181.48 | 3,283.59 |
| INDIAN RUPEE | INR | - | 299.03 | 310.99 |
| YEN | JPY | 167.41 | 169.10 | 177.19 |
| KOREAN WON | KRW | 15.79 | 17.54 | 19.13 |
| KUWAITIAN DINAR | KWD | - | 82,105.99 | 85,389.69 |
| MALAYSIAN RINGGIT | MYR | - | 5,564.47 | 5,685.91 |
| NORWEGIAN KRONER | NOK | - | 2,279.16 | 2,375.96 |
| RUSSIAN RUBLE | RUB | - | 279.26 | 309.15 |
| SAUDI RIAL | SAR | - | 6,685.97 | 6,953.36 |
| SWEDISH KRONA | SEK | - | 2,355.86 | 2,455.91 |
| SINGAPORE DOLLAR | SGD | 18,495.47 | 18,682.29 | 19,281.92 |
| THAILAND | THB | 625.10 | 694.55 | 721.16 |
| US DOLLAR | USD | 24,970.00 | 25,000.00 | 25,340.00 |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 7:30 a.m. on August 8, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,240 VND, an increase of 10 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,400 VND - 25,450 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 24,965 VND - 25,335 VND.
Vietinbank : 24,860 VND - 25,310 VND.
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| Foreign exchange rates, USD/VND exchange rate today, August 8: Japanese Yen stops increasing, USD 'revives' again. (Source: Reuters) |
Exchange rate developments in the world market
The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), stopped at 103.19, up 0.22%.
The US dollar recovered slightly, while the Japanese Yen turned to decline, after the Bank of Japan (BOJ) lowered the possibility of raising interest rates in the near future.
The yen fell about 2.5 percent to a session low of 147.94 yen per dollar, following comments from BOJ Deputy Governor Shinichi Uchida. The dollar, meanwhile, rose 1.74 percent to 146.850 yen.
“As we are witnessing strong volatility in domestic and foreign financial markets, it is necessary to maintain the current level of monetary easing for the time being,” the BOJ deputy governor said.
His comments contrasted with hawkish comments made by Governor Kazuo Ueda last week when the BOJ unexpectedly raised interest rates, which sent Japanese stocks higher.
The BOJ's rate hike last week, coupled with intervention from the Tokyo government in early July, has driven investors away from carry trades, in which traders borrow yen at low interest rates to invest in higher-yielding assets.
Dismal US jobs data and concerns about an artificial intelligence bubble sent global stocks tumbling this week, starting with a 12% collapse in Japanese shares earlier in the week.
The yen's decline was broad-based, against many other major currencies.
The euro fell 0.09 percent to $1.092, off an eight-month high of $1.101 hit on Aug. 5 as the dollar fell. Sterling fell 0.06 percent to $1.268.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-88-yen-nhat-dut-da-tang-usd-hoi-sinh-tro-lai-281718.html
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