The US dollar is at its highest level in two years.

USD exchange rate today, January 14, 2025

As of 4:00 AM on January 14th, the central exchange rate at the State Bank of Vietnam was 24,343 VND/USD, an increase of 2 VND compared to the previous trading session.

Specifically, at Vietcombank , the USD exchange rate is 25,170 – 25,560 VND/USD, an increase of 2 VND for both buying and selling rates compared to yesterday.

TPB Bank is buying USD cash at the lowest rate: 1 USD = 24,390 VND

TPB Bank is buying USD transfers at the lowest rate: 1 USD = 24,430 VND

Hong Leong Bank is buying USD cash at the highest rate: 1 USD = 25,265 VND

VietinBank is currently buying USD transfers at the highest rate: 1 USD = 25,560 VND.

TPB Bank is selling USD cash at the lowest rate: 1 USD = 24,870 VND

HSBC Bank is selling USD transfers at the lowest rate: 1 USD = 25,489 VND

ACB , Dong A, Eximbank, GPBank, HDBank, Kien Long, MSB, MB, OCB, PublicBank, Sacombank, SCB, SeABank, UOB, VietCapitalBank, and Vietcombank are selling USD cash at the highest rate of: 1 USD = 25,560 VND

ACB, Dong A, MSB, MB, NCB, PublicBank, Sacombank, SCB, SeABank, and VietBank are selling USD transfers at the highest rate of 1 USD = 25,560 VND.

USD exchange rates at several banks today. Source: Webgia.com

1. Agribank – Updated: 14/01/2025 05:00 – Time of source website update
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,190	25,200	25,540
CZ	CZ	25,477	25,579	26,665
GBP	GBP	30,363	30,485	31,458
HKD	HKD	3,195	3,208	3,314
CHF	CHF	27,150	27,259	28,119
rush	rush	157.15	157.78	164.64
AUD	AUD	15,307	15,368	15,882
SGD	SGD	18,181	18,254	18,771
THB	THB	711	714	745
CAD	CAD	17,279	17,348	17,852
NZD	NZD		13,882	14,376
KRW	KRW		16.50	18.19

2. Sacombank – Updated: 02/09/2004 07:16 – Time provided by the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25236	25236	25560
AUD	AUD	15242	15342	15909
CAD	CAD	17239	17339	17895
CHF	CHF	27297	27327	28200
CNY	CNY	0	3428.9	0
CZK	CZK	0	990	0
DKK	DKK	0	3500	0
CZ	CZ	25443	25543	26416
GBP	GBP	30247	30297	31407
HKD	HKD	0	3271	0
rush	rush	158.65	159.15	165.66
KHR	KHR	0	6,032	0
KRW	KRW	0	17.1	0
LAK	LAK	0	1,122	0
MYR	MYR	0	5820	0
NOK	NOK	0	2229	0
NZD	NZD	0	13881	0
PHP	PHP	0	412	0
SEK	SEK	0	2280	0
SGD	SGD	18091	18221	18948
THB	THB	0	674.2	0
TWD	TWD	0	770	0
BAD	BAD	8,450,000	8,450,000	8620000
XBJ	XBJ	7,900,000	7,900,000	8620000

In the "black market," the USD exchange rate as of 4:30 AM on January 14, 2025, decreased by 66 VND in the buying rate and 36 VND in the selling rate compared to yesterday's trading session, trading around 25,634 - 25,744 VND/USD.

Black market on January 14, 2025. Photo: Chogia.vn

Today's USD exchange rate on the world market (January 14, 2025)

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 109.81 – up 0.16 points from the trading session on January 13, 2025.

The chart shows the recent performance of the DXY index. Source: Investing.

The US dollar strengthened, pushing other currencies to multi-year lows, after last week's breakthrough US jobs report highlighted economic strength and fueled doubts about the Federal Reserve cutting interest rates this year.

The US dollar index, a measure of the greenback against a basket of currencies, rose 0.26% to 109.94. Earlier in the session, the index surged to its highest level in more than two years, peaking at 110.17 and extending its recent rally.

Job growth in the US unexpectedly accelerated in December, and the unemployment rate fell to 4.1%, prompting traders to sharply reduce their expectations of interest rate cuts this year. The market is now pricing in a 25-basis-point rate cut by the Fed in December, having not yet fully priced in such a cut in 2025.

With the US inflation report due this coming Wednesday, any unexpected price increase could effectively close the door to future easing. A number of Fed officials will also be speaking this week.

Uto Shinohara, senior investment strategist at Mesirow Currency Management in Chicago, said: “With the market currently pricing in just over one interest rate cut by the end of the year, the reaction to the inflation data could be relatively weighted. The more important turning point is Trump’s inauguration this month, after which we will see whether Trump’s tariff threats are fully implemented or just a negotiating ploy.”

President-elect Donald Trump will return to the White House next week. His plans for high import tariffs, tax cuts, and immigration restrictions could increase inflation, raising expectations for a less aggressive easing cycle.

The euro, down 0.4% to $1.0208, had touched its weakest level against the dollar since November 2022 in early trading. The pound sterling fell 0.24% to $1.2167, after slipping to a 14-month low earlier in the day.

The British pound is under pressure from concerns about rising borrowing costs and growing uncertainty about the UK's financial situation. The pound fell 1.8% last week.

Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said the overall bullish trend for the dollar stems from differing central bank policies and the threat of tariffs.

“The threat of tariffs seems to be inflation in the United States,” he said, citing the impact it could have on interest rates. “But (it) also seems that tariffs would further destabilize some of our key trading partners, including Europe, Canada, and Mexico.”

After falling to its weakest level since April 2020, the Australian dollar rose 0.13% to 0.615. The New Zealand dollar edged higher, gaining 0.07% to 0.5559, remaining near its lowest level in over two years.

USD exchange rate today, January 14, 2025. (Illustrative image)

Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop – 27 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

2. Gold and Silver Handicrafts – No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Shop – 119 Cau Giay Street, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company – 43 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

5. Toan Thuy Store – 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Hai Ba Trung District, Hanoi

7. Chinh Quang Store – 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store – 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

9. Huy Khoi Store – 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

10. The system of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Check out these popular foreign currency exchange and USD buying/selling locations in Ho Chi Minh City:

1. Minh Thu Foreign Exchange – 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City

2. Kim Mai Gold Shop – 84 Cong Quynh Street, District 1, Ho Chi Minh City

3. Kim Chau Gold Shop – 784 Dien Bien Phu Street, Ward 10, District 10, Ho Chi Minh City

4. Saigon Jewelry Center – 40-42 Phan Boi Chau Street, District 1, Ho Chi Minh City

5. Kim Hung Foreign Exchange Agency – 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City

6. DOJI Jewelry Store – Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop – 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop – No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop – 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City

10. The system of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-usd-ngay-1412025-dong-usd-cao-nhat-trong-2-nam-369405.html