USD exchange rate today 04/12/2025
According to the 4:00 a.m. update, the central exchange rate announced by the State Bank is 24,923 VND/USD, down 41 VND compared to yesterday.
At Vietcombank, the buying rate is 25,530 VND/USD and the selling rate is 25,920 VND/USD, down 50 VND in both directions.
In the commercial banking system, VIB has the lowest cash purchase price, only 25,340 VND/USD, while OCB is buying at the highest price of 25,860 VND/USD.
On the selling side, OCB is also leading with the highest level of 26,182 VND/USD, while VIB continues to hold the lowest level of 25,760 VND/USD.
In the free market, the black market USD exchange rate decreased by 60 VND in both buying and selling compared to the previous session, currently trading around 25,994 - 26,094 VND/USD.
USD exchange rate today April 12, 2025 on the world market
The Dollar Index (DXY), which measures the strength of the US dollar against six major currencies, fell sharply to 99.99 points on April 12, down 1.04 points from the previous day. This is a sign that the US dollar continues to weaken, extending its biggest decline in the past three years.
The main reason for this decline is that China has just announced a tariff increase on all goods imported from the US. This is considered a response after President Donald Trump increased tariffs on China, although he has temporarily suspended tariffs on some other partners. Trade tensions between the world's two largest economies are causing global markets to fall into a state of strong volatility, raising concerns about an economic recession in the US.
The dollar's status as a safe haven and global reserve currency is in serious doubt. The outflow of capital from US assets is taking place amid a decline in confidence in its ability to stabilize the economy. Experts from ING Bank NV say the market is facing a full-blown crisis of confidence in the US dollar, and the "sell-off of America" is becoming more evident than ever.
The $7.5 trillion-a-day global foreign exchange market has been particularly volatile since Trump returned to the White House. Unpredictable statements on tax policy have left investors uncertain, pushing the DXY index down more than 6% from its February peak and down 1.2% on Friday, its biggest weekly decline since November 2022.
The escalation of tariffs is not only affecting financial markets but also directly affecting the operations of many large corporations. Audi has temporarily suspended shipments to the US, while Nintendo has been forced to postpone the launch of the Switch 2. American consumers are facing the risk of paying higher prices for many products.
Max Neukirchen, co-head of global payments at JPMorgan, said trade policy uncertainty has caused many businesses to put investment plans on hold, adding to the uncertainty over the economic outlook amid ongoing political and trade volatility.
Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-12-04-2025-tiep-tuc-suy-yeu-manh-3152606.html
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