Reaching its highest level in months.

As of 4:00 AM on April 8, 2025, the central exchange rate announced by the State Bank of Vietnam was 24,886 VND/USD, unchanged from the previous session.

At Vietcombank , the buying rate decreased by 30 dong to 25,570 dong/USD, while the selling rate remained unchanged at 25,960 dong/USD.

PVcomBank currently offers the lowest cash USD buying rate at 25,160 VND/USD. Their transfer buying rate is also the lowest at 25,200 VND/USD. Conversely, HSBC offers the highest cash buying rate at 25,682 VND/USD. For transfer transactions, VietinBank offers the highest USD buying rate at 25,984 VND/USD.

On the selling side,OCB Bank is selling USD cash at the lowest price of 25,700 VND/USD and selling via transfer at 25,720 VND/USD. Meanwhile, the highest USD selling price is recorded at PVcomBank and SCB, both at 26,050 VND/USD for both cash and transfers.

On the international market, the Dollar Index (DXY) – a measure of the strength of the USD against six other major currencies – rose slightly to 103.11 points, up 0.22 points from April 7th.

According to Reuters, three-month cross-currency swap contracts, which reflect foreign demand for USD, have surged. For the euro and the British pound, this is their highest level since the end of 2023. For the Japanese yen, it is its strongest level in five months.

The euro swap rate has fallen to -5.375%, its lowest level since November 2023. This sharp decline reflects a surge in demand for USD from investors in the eurozone, whereas just a week earlier, the rate was 12.5%.

Furthermore, US President Donald Trump's continued insistence on imposing broad tariffs has added to the instability of global financial markets.

Experts at ING believe that monitoring the EUR/USD swap rate is crucial. If this rate widens significantly, indicating that the market is borrowing Euros at low interest rates to exchange for USD, it would be a warning sign. In this case, the USD could temporarily appreciate before the Federal Reserve has to intervene.

Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-08-04-2025-len-muc-cao-nhat-trong-nhieu-thang-qua-3152285.html