Foreign exchange rates, USD/VND exchange rate today, February 12, recorded that the USD decreased when Fed Chairman Jerome Powell said he would not rush to cut interest rates.
Foreign exchange rate update table - USD exchange rate Agribank today
| 1. Agribank - Updated: February 12, 2025 08:00 - Time of website supply source | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 25,310 | 25,330 | 25,670 |
| EUR | EUR | 25,758 | 25,861 | 26,952 |
| GBP | GBP | 30,877 | 31,001 | 31,982 |
| HKD | HKD | 3,207 | 3,220 | 3,326 |
| CHF | CHF | 27,433 | 27,543 | 28,413 |
| JPY | JPY | 164.05 | 164.71 | 171.89 |
| AUD | AUD | 15,704 | 15,767 | 16,286 |
| SGD | SGD | 18,487 | 18,561 | 19,090 |
| THB | THB | 728 | 731 | 763 |
| CAD | CAD | 17,466 | 17,536 | 18,046 |
| NZD | NZD | 14,165 | 14,663 | |
| KRW | KRW | 16.79 | 18.53 | |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 8:00 a.m. on February 12, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 35 VND, currently at 24,522 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,346 VND - 25,698 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank: 25,310 - 25,700 VND.
Vietinbank: 25,210 - 25,748 VND.
 |
| Foreign exchange rates, USD/VND exchange rate today, February 12: USD continues to be under pressure. (Source: PBS) |
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) decreased by 0.39% to 107.93.
The dollar fell as US Federal Reserve Chairman Jerome Powell said the central bank would not rush to cut interest rates in the near term, as traders awaited more details on US President Donald Trump's trade tariffs.
These comments were largely unexpected by traders.
Mr. Powell also emphasized that the Fed's role is not to comment on tariffs or trade policy, but to respond to the impact of these policies on the US economy.
Traders are becoming more calm about news surrounding potential future tariffs, as well as the impact of tariff policies on inflation and growth.
Futures markets are pricing in a total of about 36 basis points of Fed cuts by year-end, largely unchanged from before Powell’s comments, with a 25 basis point cut this year and a low likelihood of a second cut.
Mr. Powell will also testify before the House Financial Services Committee today (February 12).
Experts say that with current developments, the USD may continue to be under pressure in the short term.
Meanwhile, the CAD rose 0.14% against the greenback to 1.43, recovering from earlier losses.
The Japanese yen fell 0.3 percent against the greenback to 152.45 yen per dollar. It hit 150.93 yen late last week, its highest since Dec. 10.
The AUD rose 0.29% against the USD to $0.6293. Australian Prime Minister Anthony Albanese also said he had discussed with the US President the possibility of exempting Australia from tariffs.
Speaking to reporters after the meeting, Mr Albanese announced: "The US President has agreed to consider the possibility of an exemption for the benefit of both our countries."
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-122-usd-tiep-tuc-chiu-ap-luc-303913.html
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