Foreign exchange rate on April 16, 2025: USD bounces back

Foreign exchange price on April 14, 2025: Index stopped at 99.78 points

Illustration photo. Photo: Internet

USD exchange rate developments in the international market

At the close of the most recent session, the Dollar Index (DXY) - a measure of the value of the USD against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) - increased by 0.46% to 100.10 points compared to April 15, 2025.

The latest trading action saw the greenback gain against the euro and the Japanese yen, reflecting a cautious recovery after the DXY's more than 3% decline last week.

“The dollar is now largely driven by capital flows rather than short-term economic factors such as interest rate differentials,” said Vassili Serebriakov, a macro and foreign exchange strategist at UBS. “The market seems to be reassessing the view that the US is an outlier.”

According to Mr. Serebriakov, the reasons for capital outflows from US assets include: slowing US economic growth, uncertainty in tax policy, lack of transparency in regulatory policy, positive sentiment about the European economy and capital diversion from tax incentives in the US.

Trading activity has been generally subdued this week, but investors remain cautious as they await more information on tariffs. “Last week was a big sell-off, asset rebalancing and exit from US assets. This week seems to be quieter due to the holiday-shortened week,” said Prashant Newnaha, Asia- Pacific rates strategist at TD Securities.

Although the US markets will be closed on Good Friday, forex trading will continue.

Technical developments are also supporting the greenback as indicators show the greenback has become oversold against the euro after a sharp decline last week. The euro is down 0.28% on the day at $1.1317, below a three-year high of $1.1473 set last week.

German investor sentiment fell the most in April since the Ukraine conflict in 2022, largely due to concerns about US tax policy. In addition, a credit survey from the European Central Bank (ECB) showed that eurozone banks tightened lending conditions for businesses last quarter and are expected to tighten further due to concerns about the economic outlook.

Trading against the Japanese yen showed the dollar was currently trading at 143 yen per dollar – close to a six-month low of 142.05 yen hit on Friday. During his three-day visit to Washington, Japan will ask the US to completely remove the additional tariffs imposed by President Trump, according to Ryosei Akazawa, Japan’s chief negotiator.

Market developments also showed that the USD increased by 0.42% against the Swiss Franc, reaching 0.818 Franc, after falling to a 10-year low against the currency last week.

Riskier currencies, on the other hand, rallied significantly. The British pound rose 0.29% to $1.3226, its highest since Oct. 3. The Australian dollar rose 0.81% to $0.6377, while the New Zealand dollar jumped 1% to $0.5934, its highest since Nov. 13.

Domestic USD exchange rate

Domestically, at the beginning of the session on April 16, the State Bank announced the central VND/USD exchange rate increased by 5 VND, reaching 23,891 VND.

The reference exchange rate at the State Bank of Vietnam has slightly adjusted to an upward direction, currently listed for buying and selling at: 23,697 VND - 26,085 VND.

At Vietcombank , the USD exchange rate is trading at 25,620 - 26,010 VND/USD, up 10 VND in both buying and selling compared to the previous session.

VIB is currently the bank that buys USD cash at the lowest price, at: 1 USD = 25,340 VND

VIB is also buying USD transfers at the lowest rate: 1 USD = 25,400 VND

Meanwhile, HSBC is the bank with the highest USD cash purchase price: 1 USD = 25,713 VND

VietinBank leads in USD transfer purchase with the highest price: 1 USD = 26,065 VND

The lowest USD cash selling price belongs to VIB, currently listed: 1 USD = 25,760 VND

Similarly, VIB is also the bank that sells USD transfers at the lowest price: 1 USD = 25,760 VND

In terms of cash selling, NCB, PGBank, SCB, VRB banks listed the highest price: 1 USD = 26,080 VND

For money transfer transactions, NCB is the bank with the highest selling price, currently at: 1 USD = 26,090 VND

The EUR exchange rate at the State Bank of Vietnam has slightly decreased, currently trading at: 26,797 VND - 29,618 VND.

The Japanese yen exchange rate at the State Bank of Vietnam also decreased slightly, listed at: 165 VND - 182 VND.

Viet Anh (t/h)