Foreign exchange rates on April 10, 2025: Violent fluctuations after the US's move to postpone tax imposition

The exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) and the Chinese Yuan (CNY) on April 10 at commercial banks fluctuated strongly after US President Donald Trump announced his decision to postpone the imposition of tariffs.

Illustration photo. Photo: Internet

Pressure on exchange rates has not cooled down in the context of financial markets facing many uncertain factors.
On April 4, the exchange rate was adjusted to increase sharply when the State Bank announced the new central exchange rate.
A day earlier, on April 3, the USD had jumped significantly after the US announced the application of a new tariff policy.

At the State Bank, the central exchange rate this morning was adjusted up by 28 VND compared to yesterday, reaching 24,964 VND/USD. With a fluctuation range of +/-5%, the ceiling exchange rate is calculated at 26,212 VND/USD, while the floor exchange rate is 23,716 VND/USD. Currently, the reference exchange rate at the State Bank Exchange is listed at 23,740 - 26,132 VND/USD for buying and selling.

At commercial banks, the USD exchange rate at 8:27 this morning decreased significantly. Specifically, Vietcombank is trading USD at 25,640 - 26,000 VND/USD (buy - sell), down 182 VND for both directions compared to yesterday morning. At BIDV , the USD could not maintain the threshold of 26,000 VND/USD, falling to 25,610 - 25,970 VND/USD (buy - sell), recording a decrease of 212 VND compared to the morning of April 9.

In the Chinese Yuan trading direction, Vietcombank currently lists the exchange rate of this currency at 3,458 - 3,569 VND/NDT (buy - sell), down 44 VND in both directions compared to the previous morning session. In the same direction, BIDV also adjusted the exchange rate of the Chinese Yuan to 3,472 - 3,566 VND/NDT (buy - sell), down 30 VND in the buying direction and down 31 VND in the selling direction compared to yesterday.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/ty-gia-ngoai-te-ngay-10-4-2025-bien-dong-du-doi-sau-dong-thai-hoan-ap-thue-tu-my/20250410101559504