Nearly reached its 2-year high.

USD exchange rate today, February 7, 2025: The US dollar has risen 7% since its September low, nearing a two-year high.

USD exchange rate today, February 7, 2025

As of 5:00 AM on February 7th, the central exchange rate at the State Bank of Vietnam was 24,425 VND/USD, an increase of 30 VND compared to yesterday's trading session.

Specifically, at Vietcombank , the USD exchange rate is 25,060 - 25,450 VND/USD, an increase of 110 VND for the buying rate and 200 VND for the selling rate compared to yesterday's trading session.

TPB Bank is buying USD cash at the lowest rate: 1 USD = 24,390 VND

TPB Bank is buying USD transfers at the lowest rate: 1 USD = 24,430 VND

VietinBank is buying USD cash at the highest rate: 1 USD = 25,190 VND

VietinBank is currently buying USD transfers at the highest rate: 1 USD = 25,549 VND.

TPB Bank is selling USD cash at the lowest rate: 1 USD = 24,870 VND

HSBC Bank is selling USD transfers at the lowest rate: 1 USD = 25,283 VND

Saigonbank is selling USD cash at the highest rate: 1 USD = 25,646 VND.

MB Bank is selling USD transfers at the highest rate: 1 USD = 25,575 VND.

USD exchange rates at several banks today. Source: Webgia.com

1. Agribank - Updated: 07/02/2025 05:30 - Time provided by the website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25,050	25,070	25,410
CZ	CZ	25,709	25,812	26,899
GBP	GBP	30,926	31,050	32,031
HKD	HKD	3,176	3,189	3,295
CHF	CHF	27,429	27,539	28,418
rush	rush	161.85	162.50	169.76
AUD	AUD	15,515	15,577	16,093
SGD	SGD	18,358	18,432	18,961
THB	THB	731	734	766
CAD	CAD	17,293	17,362	17,870
NZD	NZD		14,078	14,574
KRW	KRW		16.67	18.40

2. Sacombank - Updated: 19/05/2000 07:16 - Time provided by the source website
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
cau	cau	25060	25060	25460
AUD	AUD	15468	15568	16136
CAD	CAD	17242	17342	17898
CHF	CHF	27492	27522	28411
CNY	CNY	0	3429.6	0
CZK	CZK	0	985	0
DKK	DKK	0	3485	0
CZ	CZ	25717	25817	26692
GBP	GBP	30877	30927	32042
HKD	HKD	0	3241	0
rush	rush	162.54	163.04	169.55
KHR	KHR	0	6,032	0
KRW	KRW	0	17	0
LAK	LAK	0	1,133	0
MYR	MYR	0	5827	0
NOK	NOK	0	2219	0
NZD	NZD	0	14085	0
PHP	PHP	0	402	0
SEK	SEK	0	2272	0
SGD	SGD	18275	18405	19135
THB	THB	0	691.6	0
TWD	TWD	0	760	0
BAD	BAD	8,650,000	8,650,000	8,900,000
XBJ	XBJ	7,900,000	7,900,000	8,900,000

In the "black market," the USD exchange rate as of 5:00 AM on February 7, 2025, decreased by 26 VND in both buying and selling rates compared to yesterday's trading session, trading around 25,571 - 25,671 VND/USD.

Black market on February 7, 2025. Photo: Chogia.vn

Today's USD exchange rate on the world market (February 7, 2025)

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 107.68 - up 0.06 from February 6, 2025.

The chart shows the recent performance of the DXY index. Source: Investing.

The company's fund managers are stepping up efforts to protect company profits against the strength of the dollar, a move that some analysts believe reflects growing confidence that President Donald Trump's tariff plan will help keep the U.S. currency high for longer.

The US dollar index (.DXY), opening a new tab up about 7% from its September lows, is hovering near a two-year high reached in January as investors bought in on expectations that the dollar would benefit from solid US economic growth and Trump's protectionist trade policies. Speculators have flocked to bullish bets on the currency, pushing net long positions in the dollar to $35 billion, the largest in nearly nine years.

Corporate treasurers, who often use forward contracts, currency options, and swaps to mitigate potential losses from currency volatility, tend to act more slowly. But they are increasingly taking the view that the USD could appreciate further or remain at this high level for some time. "The corporate community is acting more slowly and cautiously," said Paula Comings, head of foreign exchange trading at US Bank.

"(But) we have seen people with significant income from overseas needing to repatriate, supplementing these anticipated cash flow prevention programs," she said.

Comings said: "What we're hearing from clients is that they're planning to maintain the value of the USD." Multinational companies such as Apple (AAPL.O) and Microsoft (MSFT.O) have warned that a strong dollar will put pressure on financial results in the coming months.

Although there is limited information on the overall level of corporate risk hedging activity, interviews with market participants suggest that the protective sentiment against the strength of the US dollar has surged ahead of the November US election and in anticipation of a potential Trump victory.

Eric Huttman, CEO of MillTechFX, said: "Ahead of the election, our research shows that North American companies with market capitalization under $100 million are acutely aware of the potential and risks of a strong dollar after the nation goes to the polls. Half of these smaller companies said they are concerned about the impact of policy changes on currency value."

The vulnerability of the foreign exchange market to volatility became prominent this week as US tariff threats against Mexico, Canada, and China boosted the dollar and triggered a surge in volatility.

While a stronger dollar reflects the relative strength of the U.S. economy, it can create problems for some companies. A strong U.S. dollar makes it more expensive for multinational corporations to convert foreign profits into dollars, and also reduces the competitiveness of their export products.

Kyle Chapman, a foreign exchange market analyst at Ballinger Group in London, said: "We've seen a sharp increase in hedging activity across a range of industries, as companies seek to protect themselves against the increased volatility and uncertainty since Trump's election and the strong appreciation of the dollar."

"FX is being dominated by headlines appearing everywhere, even outside the market, and this is drawing fund managers' attention to market volatility," he said. The impetus behind this hedging activity is the growing belief that the dollar's strength will persist for some time as Trump's tariffs take effect.

Chapman said: "There's a general feeling that we've entered a stronger dollar environment since Trump's re-election... the scale and speed of the rally since September has woken people up to the impact of exchange rate volatility on net returns."

In recent weeks, several companies have reported and forecast significant negative impacts due to adverse currency market fluctuations. At the end of January, Apple warned that it expected a stronger dollar to reduce its current quarter revenue by 2.5 percentage points compared to the same period last year.

Johnson & Johnson (JNJ.N), opening a new tab, also said that unfavorable foreign exchange movements had reduced the company's 2024 sales by $1.7 billion, or 2%, while Microsoft warned that its third-quarter revenue growth would be impacted by 2 percentage points due to a stronger US dollar.

Smaller companies with less foreign exchange expertise, often constrained by tight hedging budgets, limited capital available for hedging, and generally lacking access to more advanced hedging programs at the best rates, face a greater challenge from the rising dollar.

Huttman of MillTechFX said: "A stronger USD requires treasury teams at smaller firms to manage foreign exchange risk more carefully and implement sound hedging strategies to help adapt to this new normal."

Amol Dhargalkar, managing partner at risk management firm Chatham Financial, said that in 2024, large companies made more effort than expected to review and update their risk management programs due to concerns about the strength of the dollar, and it is not surprising to now see smaller companies taking similar steps.

While headlines related to tariffs may spur increased risk hedging activity, a larger escalation in trade tensions could undermine those efforts because a full-blown trade war could jeopardize companies' ability to forecast business activity and implement effective risk hedging measures, analysts warn.

Karl Schamotta, chief market strategist at Toronto-based payments firm Corpay, said: "For many businesses, their underlying cash flow is at risk here... some may have to rearrange their supply chains while others may face lower revenue from customers in international locations. There are many intersecting flows, not just a linear increase in hedging volume."

USD exchange rate today, February 7, 2025. (Illustrative image)

Check out these popular places to exchange foreign currency and buy/sell USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

2. Gold and Silver Handicrafts - No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Shop - 119 Cau Giay Street, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - 43 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

5. Toan Thuy Store - 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - 47 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

9. Huy Khoi Store - 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

10. The system of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Check out these popular foreign currency exchange and USD buying/selling locations in Ho Chi Minh City:

1. Minh Thu Foreign Exchange - 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City

2. Kim Mai Gold Shop - 84 Cong Quynh Street, District 1, Ho Chi Minh City

3. Kim Chau Gold Shop - 784 Dien Bien Phu Street, Ward 10, District 10, Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau Street, District 1, Ho Chi Minh City

5. Kim Hung Foreign Exchange Agency - 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, District 1, Ho Chi Minh City

7. Kim Tam Hai Shop - 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, Ho Chi Minh City

9. Ha Tam Gold Shop - 2 Nguyen An Ninh Street, Ben Thanh Ward, District 1, Ho Chi Minh City

10. The system of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Source: https://congthuong.vn/ty-gia-usd-ngay-07022025-gan-dat-moc-cao-nhat-2-nam-372618.html