USD exchange rate today, April 12, 2025
According to the update at 4 AM, the central exchange rate announced by the State Bank of Vietnam is 24,923 VND/USD, a decrease of 41 VND compared to yesterday.
At Vietcombank , the buying rate is 25,530 VND/USD and the selling rate is 25,920 VND/USD, a decrease of 50 VND in both directions.
Within the commercial banking system, VIB offers the lowest cash purchase price, at only 25,340 VND/USD, whileOCB is buying at the highest price of 25,860 VND/USD.
On the selling side, OCB is also leading with the highest rate at 26,182 VND/USD, whileVIB continues to maintain the lowest rate at 25,760 VND/USD.
On the free market, the black market USD exchange rate fell by another 60 dong in both buying and selling directions compared to the previous session, currently trading around 25,994 - 26,094 dong/USD.
Today's USD exchange rate on the world market (April 12, 2025)
The Dollar Index (DXY), a measure of the US dollar's strength against six major currencies, fell sharply to 99.99 points on April 12, down 1.04 points from the previous day. This is a sign that the US dollar continues to weaken, extending its biggest decline in three years.
The main reason for this sharp decline is China's recent announcement of increased tariffs on all goods imported from the United States. This is seen as a retaliatory response after President Donald Trump increased tariffs on China, although he temporarily postponed tariffs on some other partners. Trade tensions between the world's two largest economies are causing significant volatility in global markets, raising concerns about a potential recession in the US.
The US dollar's status as a safe-haven asset and global reserve currency is under serious doubt. Capital outflows from US assets are occurring sharply amid declining confidence in economic stability. Experts from ING Bank NV believe the market is facing a full-blown crisis of confidence in the US dollar, and a "sell-off of America" is becoming clearer than ever.
The global foreign exchange market, with a daily volume of up to $7.5 trillion, has become highly sensitive since Mr. Trump returned to the White House. Unpredictable statements about tax policy have made it difficult for investors to anticipate, pushing the DXY index down more than 6% from its February peak, and on Friday alone it fell 1.2%, its sharpest weekly decline since November 2022.
The escalating tariffs are not only affecting financial markets but also directly impacting the operations of many large corporations. Audi has temporarily suspended exports to the US, while Nintendo has been forced to postpone the launch of its Switch 2. American consumers are facing the risk of paying higher prices for many goods.
Max Neukirchen, co-head of global payments at JPMorgan, said that uncertainty over trade policy has caused many businesses to postpone investment plans. This further darkens the economic outlook amid ongoing political and trade instability.
Source: https://baoquangnam.vn/ty-gia-usd-hom-nay-12-04-2025-tiep-tiep-suy-yeu-manh-3152606.html
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