Foreign exchange rates, the USD/VND exchange rate today, August 8th, shows a slight recovery in the US dollar, while the Japanese yen reversed its upward trend and fell, after the Bank of Japan (BOJ) lowered the likelihood 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 source website update | ||||
| 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 FRANCE | 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 | But | 3,619.56 | 3,758.22 |
| EURO | CZ | 26,808.30 | 27,079.09 | 28,278.64 |
| POUND STERLING | GBP | 31,109.99 | 31,424.23 | 32,432.82 |
| HONG KONG DOLLAR | HKD | 3,149.67 | 3,181.48 | 3,283.59 |
| INDIAN RUPEE | INR | But | 299.03 | 310.99 |
| YEN | rush | 167.41 | 169.10 | 177.19 |
| Korean Won | KRW | 15.79 | 17.54 | 19.13 |
| KUWAITI DINAR | KWD | But | 82,105.99 | 85,389.69 |
| MALAYSIAN RINGGIT | MYR | But | 5,564.47 | 5,685.91 |
| NORWEGIAN KRONER | NOK | But | 2,279.16 | 2,375.96 |
| RUSSIAN RUBLE | RUB | But | 279.26 | 309.15 |
| SAUDI RIAL | SAR | But | 6,685.97 | 6,953.36 |
| SWEDISH KRONA | SEK | But | 2,355.86 | 2,455.91 |
| SINGAPORE DOLLAR | SGD | 18,495.47 | 18,682.29 | 19,281.92 |
| THAILAND BAHT | THB | 625.10 | 694.55 | 721.16 |
| US DOLLAR | cau | 24,970.00 | 25,000.00 | 25,340.00 |
Exchange rate movements in the domestic market
On the domestic market, according to TG&VN 's report at 7:30 AM on August 8th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,240 VND, an increase of 10 VND.
The reference USD exchange rate listed at the State Bank of Vietnam's Exchange Department is: 23,400 VND - 25,450 VND.
The USD exchange rates at commercial banks for buying and selling 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 8th: Japanese Yen halts its upward trend, USD 'recovers'. (Source: Reuters) |
Exchange rate movements in the global market.
The Dollar Index (DXY), which measures the USD against six major currencies (Euro, JPY, GBP, CAD, SEK, CHF), closed at 103.19, up 0.22%.
The US dollar recovered slightly, while the Japanese yen reversed course and fell, after the Bank of Japan (BOJ) lowered the likelihood of raising interest rates in the near future.
The yen fell by about 2.5%, reaching a session low of 147.94 yen/USD, following comments from BOJ Deputy Governor Shinichi Uchida. Meanwhile, the US dollar rose 1.74%, reaching 146.850 yen.
The BOJ deputy governor said: “Because we are seeing significant volatility in domestic and international financial markets, it is necessary to maintain the current level of monetary easing at this time.”
His remarks contrasted with the hawkish comments made by Governor Kazuo Ueda last week when the BOJ unexpectedly raised interest rates, which had pushed Japanese stocks higher.
The Bank of Japan's interest rate hike last week, coupled with intervention from the Tokyo government in early July, has prompted investors to move away from interest rate arbitrage, in which traders borrow yen at low interest rates to invest in assets that yield higher returns.
Gloomy US jobs data and concerns about an artificial intelligence bubble sent global stocks plummeting this week, beginning with a 12% drop in Japanese stocks early in the week.
The decline of the yen has been widespread, against many other major currencies.
The euro fell 0.09% to $1.092, lower than its eight-month high of $1.101 reached on August 5th as the dollar weakened. The British pound fell 0.06% 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
