Foreign exchange rates, USD/VND exchange rate today March 24: Fed cannot pull USD up, market 'turns on' anxiety mode

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: March 24, 2025 10:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,400	25,425	25,765
EUR	EUR	27,183	27,292	28,405
GBP	GBP	32,496	32,627	33,589
HKD	HKD	3,227	3,240	3,347
CHF	CHF	28,417	28,531	29,427
JPY	JPY	166.85	167.52	174.70
AUD	AUD	15,784	15,847	16,369
SGD	SGD	18,824	18,900	19,442
THB	THB	734	737	770
CAD	CAD	17,534	17,604	18,115
NZD	NZD		14,458	14,960
KRW	KRW		16.71	18.43

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:00 a.m. on March 24, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 17 VND, currently at 24,807 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,617 VND - 25,997 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,350 - 25,740 VND.

Vietinbank : 25,225 - 25,805 VND.

Foreign exchange rates, USD/VND exchange rate today, March 24: Fed fails to pull USD up, market 'turns on' anxiety mode. (Source: Getty Images)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 104.15.

The results of the US Federal Reserve (Fed) meeting failed to boost the greenback.

Basically, it was not a big deal because the Fed kept interest rates at 4.25-4.5% as expected.

The US dollar has been under pressure since the beginning of this year due to concerns about the impact of President Donald Trump's tariff policies on US economic growth.

The greenback rallied this week after the Fed said it would be in no rush to cut interest rates. Fed policymakers signaled two 25 basis point rate cuts by the end of the year, the same median forecast as three months ago.

The DXY index remained stable and closed the week slightly higher than the previous week. The index is finding support around 103.20. It is likely to correct to the 105-105.50 zone in the coming time.

However, after this increase, the DXY index may turn down again and continue the downtrend. That decline could drag the DXY index down to the 102-101 zone and even 100 in the medium term.

Meanwhile, the EUR/USD pair has turned down, failing to break above 1.0950. The support level for this pair is currently at 1.08. If the EUR falls below this level, it could see the EUR drop to the 1.0730-1.0700 range.

The market expects the EUR to reverse higher from 1.08 or around 1.07. Such a recovery would keep the overall bullish view intact.

Currency markets have been volatile in recent months as traders reassess their initial expectations that President Trump's economic policies would support the dollar and weaken other currencies.

This has caused the USD to fall 6% against the EUR since mid-January.