The US dollar experienced a volatile week.

Today's USD exchange rate (April 13): Early morning on April 13, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 37 dong this week, currently standing at 24,923 dong.

The USD Index (DXY), which measures the dollar's fluctuations against six major currencies, fell 3.14% this week to 99.78.

The USD exchange rate around the world last week.

In early trading this week, the US dollar rose 0.45% to 103.47 as concerns about a global recession increased after US President Donald Trump imposed comprehensive tariffs on trading partners. Conversely, the European Commission proposed a 25% tariff on a range of US goods on April 7th in response to Trump's tariffs on steel and aluminum. Meanwhile, the British pound hit a one-month low of $1.27125 and closed down 1.3% against the greenback. Although the US dollar is often known as a safe-haven asset, it is gradually losing its status following issues surrounding tariff policies and concerns about their impact on US economic growth.

Chart showing the fluctuations of the DXY Index over the past week. Image: Marketwatch

On April 9th, the US dollar fell 0.35% to 102.91 as investors focused on trade disputes following the US President's tariff policies. In addition, markets were preparing for a potential trade war between the US and China. US Trade Representative Jamieson Greer told US senators that the Trump administration would not back down on its trade strategy in the near future.

After remaining unchanged on April 10th, the DXY index continued its plunge, falling by 1.99% to 100.91 as the market reacted to the latest information from the US President regarding tariff policy. The US leader stunned financial markets by temporarily suspending the high tariffs on trading partners that had taken effect less than 24 hours earlier. Trump issued a 90-day freeze on the tariff policy, but maintained a general tariff of 10% for most countries. However, tariffs on imports from China were increased to 125%, effective immediately, after China retaliated against previous US tariffs with an 84% tariff. The total US tariffs on imports from China are now 145%, according to the White House.

The US dollar closed the trading week down 1.08%, at 99.78, amid a tit-for-tat tariff war that shook investor confidence in the greenback's safety. Brad Bechtel, global FX director at Jefferies, said the dollar's decline was partly due to the view that the US economy is weakening – with the possibility of a recession looming – along with a shift from the dollar as a safe-haven asset to the Japanese yen and Swiss franc. Data released on April 11 showed that US consumer sentiment worsened in April, while 12-month inflation expectations surged to their highest level since 1981 amid concerns about trade tensions.

USD exchange rate today, April 13th: The US dollar experienced a "bloody" week. (Illustration: Los Angeles Times)

Domestic USD exchange rate today

On the domestic market on April 13th, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong against the US Dollar increased by 37 dong this week, currently standing at 24,923 dong.

* The reference exchange rate at the State Bank of Vietnam's exchange floor for buying and selling has decreased slightly, currently at: 23,727 VND - 26,119 VND.

The USD exchange rates at commercial banks for buying and selling are as follows:

USD exchange rate	Buy	Sell
Vietcombank	25,530 VND	25,920 VND
Vietinbank	25,410 VND	25,990 VND
MB	25,550 VND	25,910 VND

* The EUR exchange rate at the State Bank of Vietnam's exchange desk has slightly increased, currently standing at: 26,743 VND – 29,558 VND (buying and selling rates).

The EUR exchange rates at commercial banks for buying and selling are as follows:

EUR exchange rate	Buy	Sell
Vietcombank	28,228 VND	29,775 VND
Vietinbank	28,419 VND	29,919 VND
MB	28,940 VND	28,964 VND

* The Japanese Yen exchange rate at the State Bank of Vietnam's exchange desk increased slightly for buying and selling, currently standing at 165 VND - 183 VND.