Foreign exchange rates on April 11, 2025: USD plummets at many banks

Illustration photo. Photo: Internet

On April 11, the exchange rate between Vietnamese Dong (VND) and US Dollar (USD) continued to decline sharply at many domestic commercial banks.

The world oil market suddenly fell sharply due to escalating trade tensions between the US and China.

Asian stock indexes surged after US President Donald Trump's announcement of a tariff delay.

Based on information from the State Bank, the central exchange rate applied on April 11 was adjusted down 41 VND compared to the previous day, currently at 24,923 VND/USD. With a fluctuation range of ±5% compared to the central exchange rate, the ceiling and floor are set at 26,169 VND/USD and 23,677 VND/USD, respectively. At the same time, at the State Bank's Transaction Office, the reference exchange rate is listed at 23,727 VND/USD for buying and 26,119 VND/USD for selling.

As of 8:25 this morning, Vietcombank and BIDV have both adjusted the USD exchange rate downward. Specifically, both banks are listing the buying and selling rates at 25,520 - 25,880 VND/USD. Compared to the morning of April 10, the exchange rate at Vietcombank recorded a decrease of 120 VND in both buying and selling directions, while BIDV also decreased by 90 VND.

On the contrary, when the USD fell sharply, the Chinese Yuan (CNY) exchange rate tended to increase slightly. At Vietcombank , the CNY exchange rate increased by 1 VND, reaching 3,459 - 3,570 VND/CNY (buy - sell). Meanwhile, BIDV also adjusted the CNY exchange rate up by 4 VND for buying and 5 VND for selling, to 3,476 - 3,571 VND/CNY.

Viet Anh (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/ty-gia-ngoai-te-ngay-11-4-2025-usd-lao-doc-manh-tai-hang-loat-ngan-hang/20250411094925373