Foreign exchange rates, USD/VND exchange rate today March 20: USD slightly increased after many gloomy days

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 03/21/2025 00:30 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,350	25,370	25,710
EUR	EUR	27,304	27,414	28,527
GBP	GBP	32,600	32,731	33,694
HKD	HKD	3,221	3,234	3,341
CHF	CHF	28,561	28,676	29,582
JPY	JPY	168.08	168.76	176.04
AUD	AUD	15,848	15,912	16,434
SGD	SGD	18,850	18,926	19,470
THB	THB	740	743	776
CAD	CAD	17,497	17,567	18,078
NZD	NZD		14,538	15,042
KRW	KRW		16.74	18.47

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:00 a.m. on March 20, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 3 VND, currently at 24,790 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,601 VND - 25,979 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,340 - 25,730 VND.

Vietinbank: 25,220 - 25,800 VND.

Foreign exchange rates, USD/VND exchange rate today, March 20: USD increased slightly after many gloomy days. (Source: The Straits Times)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.22% to 103.46.

The US dollar pared gains against the euro as the US Federal Reserve kept interest rates unchanged as expected.

Policymakers are expected to cut borrowing costs by about 50 basis points later this year, even amid forecasts of slower economic growth and higher inflation.

On March 19, US Federal Reserve (Fed) Chairman Jerome Powell outlined the challenges that central bank officials face when making new forecasts about the economic outlook, following a series of new policies from the Trump administration.

Fed officials forecast inflation this year at 2.7%, down from the 2.5% pace projected in December. The Fed targets inflation at 2%.

The greenback has fallen about 6% against the euro since mid-January, as investors have grown increasingly concerned about the fallout from President Donald Trump's trade and tariff policies.

The short-term outlook for the US dollar depends on upcoming economic data.

Against the dollar, the euro fell 0.3 percent to $1.0912, after falling as low as $1.0860 earlier in the session.

In a contrasting development, the US currency fell 0.3% against the Japanese Yen, at 148.85, after the Bank of Japan (BOJ) decided to keep interest rates unchanged at its policy meeting on March 19.

Policymakers want to spend more time assessing the impact of US tariff policies on Japan.