As a reputable bank in Vietnam, Techcombank continuously updates foreign exchange rates to meet the transaction needs of its customers. Below are the details of today's foreign exchange rates.
How much is 1 billion euros in Vietnamese dong? This is a question many people are interested in. Below is how to convert euros to VND along with the latest exchange rate table today.
The State Bank of Vietnam has requested the Ministry of Public Security, the Ministry of Industry and Trade, and the Government Inspectorate to closely monitor foreign exchange trading when the USD price in the free market rises sharply.
The US Federal Reserve's (Fed) printing of more US dollars not only impacts the US economy but also shakes global financial markets, especially the price of gold.
Today (September 5th), many banks listed the selling price of USD at the maximum allowed rate, and the USD price on the free market approached 27.000 VND/USD.
The value of 10.000 yuan (1 yuan) in Vietnamese currency will depend on the daily CNY/VND exchange rate, which is continuously adjusted by the State Bank of Vietnam.
Starting today, April 19th, the State Bank of Vietnam will sell foreign currency to banks with negative foreign currency positions and a need to purchase foreign currency from the State Bank.
After several days of sharp increases, the USD price on the "black market" has recently been continuously falling sharply and is at risk of dropping below 25.000 VND/USD.
The US dollar price on the free market simultaneously decreased in both buying and selling directions after several days of sharp increases above the 25.000 VND/USD mark.
The State Bank of Vietnam (SBV) stated that the credit growth target for 2024 is approximately 15%, subject to adjustments based on actual developments and circumstances.
The recent rise in the USD/VND exchange rate has left businesses anxious to offset losses amidst the rush to meet year-end production and business targets.
Deputy Governor Dao Minh Tu said that exchange rates fluctuate, but the market must accept these ups and downs; if they were rigid, it would no longer be a market economy.
After suspending treasury bill issuance for over six months, the State Bank of Vietnam has unexpectedly announced the issuance of nearly 10.000 trillion VND in treasury bills to withdraw money from circulation.
Following successive reductions in the selling price of USD at the end of 2022, the State Bank of Vietnam has now further lowered the selling price of this foreign currency, currently to 24.730 VND per share.
Given the context of 2023, experts believe that whether or not the State Bank of Vietnam will raise its policy interest rate remains a difficult question.
The USD exchange rate continued to fall today, with the Dollar Index (DXY), which measures the USD against six major currencies, now just over 100 points.
The US dollar exchange rate on the free market today (January 11) reversed course and rose sharply, increasing by 100 dong in the buying rate and 130 dong in the selling rate compared to yesterday.
The State Bank of Vietnam has loosened credit limits, creating approximately 400.000 billion VND in available credit by the end of the year, thus providing a good foundation for businesses' plans.
The State Bank of Vietnam injected a net amount of over 117 trillion VND into the banking system over the past two weeks, causing overnight interest rates in the interbank market to fall for the past three sessions.
The State Bank of Vietnam injected a net amount of nearly 75.000 billion VND into the banking system during the week of October 31st to November 4th, but overnight interest rates in the interbank market continued to trend upwards.
The State Bank of Vietnam continued its strong money withdrawal for the seventh consecutive session, disbursing 138.840 billion VND from the banking system, while also raising the policy interest rate and cooling down the USD/VND exchange rate.
Exporting businesses may benefit from a stronger US dollar, but importing businesses incur additional costs to compensate for the exchange rate fluctuations.