USD falls sharply, EUR hits three-month peak

Foreign exchange rates, USD/VND exchange rate today, March 5, recorded the EUR rising to a three-month peak against the USD, after Germany announced a proposal to establish a 500 billion EUR fund for infrastructure and increase defense spending.

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: March 5, 2025 07:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,375	25,390	25,730
EUR	EUR	26,354	26,460	27,561
GBP	GBP	31,891	32,019	33,014
HKD	HKD	3,221	3,234	3,341
CHF	CHF	28,090	28,203	29,098
JPY	JPY	167.20	167.87	175.21
AUD	AUD	15,547	15,609	16,126
SGD	SGD	18,673	18,748	19,284
THB	THB	736	739	771
CAD	CAD	17,369	17,439	17,944
NZD	NZD		14,108	14,606
KRW	KRW		16.75	18.47

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:45 a.m. on March 5, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,755 VND, down 3 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,568 VND - 25,942 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,360 - 25,750 VND.

Vietinbank: 25,210 - 25,790 VND.

Foreign exchange rates, USD/VND exchange rate today, March 5: USD falls sharply, EUR hits three-month peak. (Source: Economic Times)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) fell 1.15% to 105.59.

The US dollar fell sharply, while the euro rose to a three-month high against the greenback, after Germany announced a proposal to set up a 500 billion euro fund for infrastructure and increased defence spending.

The euro also rose after fresh news that the US and Ukrainian governments plan to sign a mineral deal today (March 5) following a tense meeting in the Oval Office last weekend between Ukrainian President Volodymyr Zelensky and US President Donald Trump.

The EUR at one point rose to $1.0623, its highest level since December 6, 2024. The currency closed the session up 1.2% at $1.0611.

Against the Japanese yen, the euro hit a two-week high, closing up 1.2% at 158.64 yen.

President Donald Trump has told his advisers he wants to announce the mineral deal in a speech to Congress on the evening of March 5.

The minerals deal is seen as a step towards a peace deal between Russia and Ukraine to end the more than three-year conflict, but it remains unclear whether the deal will change.

The dollar fell against most other currencies on concerns about slowing growth and the impact of tariffs on the US economy.

President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect on March 4, along with a doubling of tariffs on imports from China to 20%.

For its part, China said it would impose additional tariffs of 10-15% on some US imports starting March 10. Canada said its retaliatory tariffs on the US would also take effect soon, and Mexico is expected to follow suit.

Elsewhere, the British Pound rose to its highest level since mid-December 2024 and closed the session up 0.7% at $1.2784.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-53-usd-roi-thang-dung-eur-cham-dinh-ba-thang-306319.html