USD exchange rate today
According to data from Google Finance, the USD/VND exchange rate reached 25,555 VND/USD, the highest in the past 5 years. It increased by nearly 10% after 5 years.
The State Bank of Vietnam announced the central exchange rate at 24,726 VND/USD, an increase of 712 VND compared to 24,014 VND/USD on the same day in 2024, equivalent to VND losing about 2.97% of its value against USD over the past year.
In the banking market, the USD/VND exchange rate also recorded a significant increase.
Vietcombank listed the buying and selling rates at 25,350 - 25,740 VND/USD on February 28, 2025, compared to 24,430 - 24,800 VND/USD on the same day last year, showing that VND has depreciated about 3.5% against USD.
World USD exchange rate
In the world market, the USD Index, which measures the greenback's strength against a basket of major currencies, rose 0.8% on Thursday, currently standing at 107.34.
US President Donald Trump announced that he would impose higher tariffs on goods imported from Mexico, Canada and China. This move worried investors, leading to a wave of sell-off in financial markets, especially risky assets.
Uncertainty about the US economy has led investors to turn to the US dollar as a safe haven asset, further pressuring Bitcoin and other cryptocurrencies.
The US core PCE inflation rate is currently at 2.8%, above the Federal Reserve's target. If the figure rises above forecasts, the Fed could delay rate cuts, causing the US dollar to strengthen further.
Financial markets are also concerned about the US economy losing its "special" advantage, especially when tariff policies can increase goods prices and affect growth.
The Australian and New Zealand dollars – two risk-sensitive currencies – fell 0.3% and 0.5% respectively.
The British pound struggled, trading around $1.2597.
The euro edged up 0.1% to $1.0405, but remains threatened by Trump's plan to impose 25% tariffs on goods from the European Union.
The Japanese yen – down 0.4% against the dollar on the day – is still on track for its strongest month since July 2023, buoyed by expectations that the Bank of Japan (BOJ) will raise interest rates this year.
Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-1-3-2025-tang-nho-chinh-sach-thue-quan-cua-trump-3149715.html
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