USD falls, Yen soars

USD exchange rate today February 21, 2025: USD depreciates due to pressure from tariffs; meanwhile, Yen appreciates because BOJ bets on raising interest rates.

USD exchange rate today 02/21/2025

At the time of survey at 4:00 a.m. on February 21, the central exchange rate at the State Bank was currently 24,643 VND/USD, down 20 VND compared to yesterday's trading session.

Specifically, at Vietcombank, the USD exchange rate is 25,320 - 25,710 VND/USD, an increase of 10 VND in both buying and selling compared to yesterday's trading session.

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

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

HSBC and OCB banks are buying USD cash at the highest price: 1 USD = 25,410 VND

VietinBank is buying USD transfers at the highest price: 1 USD = 25,549 VND

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

VIB Bank is selling USD transfers at the lowest price: 1 USD = 25,525 VND

LPBank and OceanBank are selling USD cash at the highest price: 1 USD = 25,780 VND

MB Bank is selling USD transfers at the highest price: 1 USD = 25,780 VND

USD exchange rate at some banks today. Source Webgia.com

1. Agribank - Updated: February 21, 2025 04:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,320	25,340	25,680
EUR	EUR	26,076	26,181	27,277
GBP	GBP	31,504	31,631	32,620
HKD	HKD	3,214	3,227	3,334
CHF	CHF	27,692	27,803	28,686
JPY	JPY	165.19	165.85	173.15
AUD	AUD	15,886	15,950	16,472
SGD	SGD	18,681	18,756	19,293
THB	THB	737	740	773
CAD	CAD	17,604	17,675	18,191
NZD	NZD		14,322	14,822
KRW	KRW		16.94	18.71

2. Sacombank - Updated: 09/17/2008 07:16 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25340	25340	25700
AUD	AUD	15922	16022	16589
CAD	CAD	17605	17705	18262
CHF	CHF	27883	27913	28799
CNY	CNY	0	3478.2	0
CZK	CZK	0	1005	0
DKK	DKK	0	3540	0
EUR	EUR	26188	26288	27160
GBP	GBP	31688	31738	32856
HKD	HKD	0	3280	0
JPY	JPY	166.82	167.32	173.83
KHR	KHR	0	6,032	0
KRW	KRW	0	17.2	0
LAK	LAK	0	1,142	0
MYR	MYR	0	5890	0
NOK	NOK	0	2265	0
NZD	NZD	0	14418	0
PHP	PHP	0	414	0
SEK	SEK	0	2340	0
SGD	SGD	18675	18805	19536
THB	THB	0	702.9	0
TWD	TWD	0	775	0
XAU	XAU	8800000	8800000	9100000
XBJ	XBJ	8000000	8000000	9100000

In the "black market", the black market USD exchange rate as of 4:00 a.m. on February 21, 2025, remained unchanged compared to yesterday's trading session, trading around 25,610 - 25,696 VND/USD.

Black market on February 21, 2025. Photo: Chogia.vn

USD exchange rate today February 21, 2025 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 106.57 - down 0.6 points compared to February 20, 2025.

DXY index developments in recent times. Source: Investing

The dollar fell against major currencies on Thursday as investors took stock of President Donald Trump's latest tariff plans, while the yen rose to an 11-week peak on expectations the Bank of Japan (BOJ) will continue to raise interest rates, Reuters reported.

U.S. data showed initial jobless claims rose in line with expectations, and a report showing factory output growth slowed in the mid-Atlantic region in February had minimal impact on currency markets. The reports did not change expectations that the Federal Reserve will remain on hold for several months.

Tariffs, however, remain a key concern for currency investors, although their impact has now faded.

Trump said on Wednesday he would announce new tariffs next month or sooner, adding timber and forestry products to previously announced plans to impose duties on imported cars, semiconductors and pharmaceuticals.

"Forex markets are showing signs of fatigue when it comes to tariff headlines. While Trump's rhetoric on tariffs will be the main driver of markets, investors are becoming more selective in their reaction to it given his history of changing positions," said Boris Kovacevic, global market strategist at Convera in Vienna.

Trump has postponed some tariffs, which explains why stocks in the US and Europe are at record highs and why the US dollar is down 3% from its January peak, Boris Kovacevic added.

The dollar fell after data showed initial jobless claims rose 5,000 to a seasonally adjusted 219,000 in the week ended Feb. 15. Economists polled by Reuters had forecast 215,000 claims in the latest week.

A separate report that also weighed on the dollar slightly showed the Philadelphia Federal Reserve's monthly manufacturing index fell 26.2 points - the biggest drop in nearly five years - to 18.1 in February from 44.3 in January.

Meanwhile, the yen rose to an 11-week high against the dollar of 149.63 yen. The US currency last fell 1.2% to 149.68 yen, largely due to concerns about Trump's tariffs as well as growing expectations that the BOJ will raise interest rates again this year.

The euro also fell against the yen, down 0.8% to 156.68, while the yen gained 0.74%, on track for its biggest daily decline in two weeks.

BOJ Governor Kazuo Ueda said Thursday that he met with Prime Minister Shigeru Ishiba to exchange views on the economy and financial markets regularly.

Bank of Singapore currency strategist Moh Siong Sim said he didn't think there was just one reason for the yen's rise, but the news that Ueda and Ishiba did not discuss raising long-term interest rates could reassure markets.

Markets are also watching geopolitical developments after Trump called Ukrainian President Volodymyr Zelenskiy a "dictator" on Wednesday, deepening a rift between the two leaders that has worried European officials.

Trump's comments that a new trade deal between the United States and China "maybe" are also being evaluated by market participants. Trump also said on Wednesday that he expected Chinese President Xi Jinping to visit the United States, but did not say when.

“We are seeing the impact from the Australian dollar and the New Zealand dollar, which are heavily influenced by China’s trade activity,” said Pfister.

The Australian dollar was last up 0.8% at $0.6392, also reacting to a mixed jobs report that showed employment exceeded forecasts in January for a second straight month, but the unemployment rate remained elevated.

The New Zealand dollar also rose sharply, up 0.9% to $0.5754.

The pound also rose 0.4% to $1.2638.

USD exchange rate today February 21, 2025. Illustration photo

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

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

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, HCMC

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

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. 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-hom-nay-21022025-dong-usd-giam-yen-tang-vot-374891.html