Euro exchange rate today 5/23/2025: Euro price drops sharply after PMI index announcement

Domestic Euro exchange rate today 5/23/2025

* The buying and selling euro exchange rate at the State Bank of Vietnam has increased sharply, currently at: 26,838 VND - 29,663 VND.

Survey at 4:30 on the black market, the euro was traded around 29,425 VND/EUR, a sharp increase compared to yesterday.

At 4:30 a.m. today, May 23, the euro exchange rate at domestic banks increased significantly at most banks, especially in the buying direction.

Domestic Euro Exchange Rate	May 23, 2025		Change from previous session
Bank	Cash purchase	Counter	Buy	Sell
Vietcombank	28670	30241	94.53	99.68
Vietinbank	28989	30220	408	-71
BIDV	28975	30232	35	36
Techcombank	28770	30064	-32	-37
Eximbank	28893	29885	50	63
Sacombank	29018	29903	-51	-41
HSBC	28861	29981	133	139

Banks listed selling rates higher than buying rates from about 300 to nearly 500 VND/EUR. BIDV and Techcombank had the highest spreads, at 357 VND and 294 VND respectively, while Eximbank and HSBC had lower spreads (only 92 VND and 120 VND).

Bank buy highest – sell lowest:

Highest buy: Sacombank (29,018 VND/EUR)

Lowest buy: Vietcombank (28,670 VND/EUR)

Lowest selling price: Eximbank (29,885 VND/EUR)

Highest selling price: Techcombank (30,064 VND/EUR)

Change from previous session:

The strongest increase in buying direction: Vietinbank increased by 408 VND, followed by HSBC with 133 VND.

The biggest decrease in buying direction: Techcombank decreased by 32 VND.

The biggest increase in the selling direction: HSBC increased by 139 VND.

The biggest decrease in selling direction: Vietinbank decreased by 71 VND.

EUR/USD world exchange rate today 5/23/2025

On the international market, the euro was recorded at 4:30 a.m. trading at 1.1278 USD/EUR, down 0.47% compared to yesterday's closing price (May 22).

The main reason was the strong recovery of the USD after the US announced preliminary PMI data for May from S&P Global that was better than expected.

The US composite PMI rose to 52.1 from 50.6, reflecting strong expansion in both the manufacturing and services sectors. Specifically, the manufacturing and services PMIs both rose to 52.3. The report also showed that input costs, new orders, and inventory levels in the manufacturing sector all rose significantly. Higher import prices due to tariffs forced suppliers to pass on the cost to consumers. This allows the US Federal Reserve (Fed) to maintain a cautious stance, continuing to monitor developments before adjusting policy.

At the same time, Fed Governor Christopher Waller told Fox Business that tariffs could cause a one-time price increase. However, he also suggested that the Fed could consider cutting interest rates later this year if the tariff situation stabilizes.

Earlier in the day, the US dollar weakened on concerns about rising financial risks in the US. In the European session, the US House of Representatives narrowly passed President Donald Trump’s new tax bill, sending it to the Senate for approval.

The bill is estimated by the Congressional Budget Office to increase the national debt by $3.8 trillion over 10 years, bringing the total national debt to about $36.2 trillion. In response to this development, on Friday, Moody's downgraded the US national credit rating from Aa1 to Aaa due to concerns about the large debt, leading to a significant increase in the government's borrowing costs.

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Source: https://baonghean.vn/ty-gia-euro-hom-nay-23-5-2025-gia-euro-giam-manh-sau-cong-bo-chi-so-pmi-10298008.html