Reaching a historical peak.

As of 4:00 AM on April 9, 2025, the State Bank of Vietnam announced the central exchange rate at 24,898 VND/USD, an increase of 12 dong compared to the end of last week. This marks the fifth consecutive increase since the beginning of April. Compared to the beginning of the year, the central exchange rate has increased by a total of 563 dong.

With a fluctuation margin of +/-5%, commercial banks are allowed to quote exchange rates within the range of 23,654 to 26,142 VND/USD. Meanwhile, the reference exchange rate announced by the State Bank of Vietnam is currently 23,704 – 26,092 VND/USD.

The USD exchange rate at many commercial banks has surged, surpassing all previous highs, with increases ranging from 140 to 180 dong in just a few hours.

At Vietcombank, the exchange rate is currently trading at 25,750 - 26,140 VND/USD, an increase of 160 VND compared to the morning. BIDV and VietinBank also adjusted upwards to 25,760 - 26,140 VND, 170 VND higher than at the beginning of the session.

Private joint-stock banks like Techcombank also increased the USD exchange rate to 25,770 - 26,120 VND for transfer transactions, and 25,736 - 26,141 VND for cash transactions.

Eximbank recorded the highest increase, with a buying price of 25,760 VND and a selling price of 26,140 VND, up 180 VND compared to the morning.

Since US President Donald Trump announced his retaliatory tariffs, the USD/VND exchange rate has increased by approximately 1.1%.

On the international market, the Dollar Index (DXY) – a measure of the strength of the USD against six other major currencies – rose slightly to 103.01 points, up 0.22 points from April 8th.

President Donald Trump has rejected the possibility of pausing retaliatory tariffs. He also threatened to impose an additional 50% tariff on China if it does not remove the 34% tariff it plans to impose on US imports by April 10. Trade tensions are escalating.

Governor of the State Bank of Vietnam, Nguyen Thi Hong, stated that exchange rates are experiencing unpredictable fluctuations following President Trump's tariff announcement. On the first day after the announcement, the exchange rate rose by 0.6%. As trading partners begin retaliating, the financial and monetary markets will continue to experience complex hourly developments.

The State Bank of Vietnam affirmed that it will closely monitor the situation and manage monetary policy tools appropriately, balancing exchange rate adjustments with the goal of lowering interest rates.

In European currency markets, the euro edged up 0.04% against the dollar due to a weaker greenback. However, gains were limited by statements favoring interest rate cuts from European Central Bank (ECB) officials. Governor Simkus suggested the ECB should cut interest rates as early as next week, while Bundesbank President Nagel said the ECB was on track to achieve its inflation control target.

Investors are expecting an 89% probability of a 0.25 percentage point rate cut at the ECB's policy meeting on April 17.

The USD/JPY exchange rate fell 0.23%. The yen edged higher due to the weakening USD and news from the US Treasury Secretary indicating Japan would be given priority in tariff negotiations with the US. However, weak economic data from Japan and the sharp rise in the Nikkei stock index somewhat limited demand for the yen as a safe haven.

Gold and silver prices surged on safe-haven sentiment. June gold futures rose $56.10 (1.89%), while May silver futures gained 2.72%. This was driven by a weaker US dollar, escalating trade tensions between the US and China, and geopolitical instability in the Middle East. The US continued airstrikes against Houthi forces in Yemen, and Israel resumed attacks on Gaza after a two-month ceasefire.

However, the recovery of global stock markets and rising bond yields have also somewhat curbed demand for safe-haven assets like precious metals. Silver prices have also been affected by concerns that trade wars could slow global economic growth, impacting demand for industrial metals.

Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-9-4-2025-tang-len-dinh-lich-su-3152326.html