Foreign exchange rates today, July 20: USD maintains recovery momentum...

Today's USD exchange rate witnessed an increase in the central rate at the State Bank, while the USD selling price at some major commercial banks was mostly the same or higher than the previous session. The highest selling price at the place of announcement increased to 26,231 VND/USD. The USD index returned to the positive direction, reaching 99.74 points.

World currency exchange rates

The US dollar experienced a week of slight fluctuations but still maintained its recovery momentum compared to the beginning of the month, although downward pressure remained amid uncertainties regarding monetary policy and global capital flows. The index measuring the strength of the US dollar against major currencies – the Dollar Index (DXY) – opened the week at around 98.46 points and gradually increased in the first days of the week, at times surpassing the 98.7 point mark, before slightly adjusting to 98.46 points at the end of the week.

One of the main factors supporting the USD this week was a series of positive economic data from the US. Specifically, retail sales grew quite well, while the number of unemployment benefit applications decreased, leading investors to believe that the US Federal Reserve (Fed) may not be in a hurry to loosen monetary policy as previously expected. This helps to strengthen confidence in the relative strength of the USD, especially in the context of a number of other major economies such as Europe and Japan facing a clear slowdown.

However, on July 17, some investors began to worry about the possibility that US President Donald Trump would fire Fed Chairman Jerome Powell, increasing uncertainty about monetary policy. Although this information was later denied, it still caused a strong reaction in global financial markets, with the USD falling in a dramatic trading session before recovering.

Another factor that affected the USD's performance this week was Mr. Trump's tough trade policy. Specifically, he announced that he would impose a 30% tax on imported goods from Europe and Mexico, and a 50% tax on Brazil starting August 1. These statements increased global trade risks and caused investors to seek safe assets, in which the USD still held a central position. However, in the long term, this protectionist policy could create a counter-reaction, as major trading partners seek to reduce their dependence on the USD in payments and reserves, a trend of "de-dollarization" that is increasingly being mentioned.

The US dollar has been on a rising trend against a number of other major currencies over the past week. The rise in the US dollar has put pressure on many emerging currencies and increased the cost of importing essential goods in the US.

Chicago Fed President Austan Goolsbee said he was “somewhat concerned” about signs in June’s consumer price index that tariffs were pushing up prices, but he still believes the U.S. economy is in good shape and the Fed’s policy rate could be cut “significantly” in the next 12 months.

During the week from July 14 to July 19, the USD maintained relative stability and increased slightly thanks to positive economic data and expectations that the Fed would not rush to cut interest rates. However, the long-term trend of the USD is still facing many challenges from geopolitical developments as well as trade tensions due to the new US tariff policy.

Domestic foreign exchange rates

In the domestic market, at the beginning of the trading session on July 20, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,185 VND.

The reference USD exchange rate at the State Bank's transaction office for buying and selling is kept at: 23,976 VND - 26,394 VND.

Specifically, at Vietcombank, the USD exchange rate is 25,950 - 26,340 VND/USD, unchanged in both directions, compared to yesterday's trading session.

NCB Bank is buying USD cash at the lowest price: 1 USD = 25,780 VND

VietinBank is buying USD transfers at the lowest price: 1 USD = 25,795 VND

HSBC Bank is buying USD cash at the highest price: 1 USD = 26,033 VND; buying USD transfer at the highest price: 1 USD = 26,033 VND

HSBC Bank is selling USD cash at the lowest price: 1 USD = 26,269 VND; selling USD transfer at the lowest price: 1 USD = 26,269 VND

Saigonbank and VietABank are selling USD cash at the highest price: 1 USD = 26,390 VND

SCB Bank is selling USD transfers at the highest price: 1 USD = 26,380 VND

In the "black market", the black market USD exchange rate as of 4:30 a.m. on July 20, 2025 decreased by 5 VND in both directions, compared to yesterday's trading session, trading around 26,380 - 26,450 VND/USD.

The EUR exchange rate at the State Bank's buying and selling exchange center remains unchanged, currently at: 27,812 VND - 30,740 VND.

The current buying and selling rate of Japanese Yen at the State Bank of Vietnam is: 161 VND - 178 VND.

Source: https://baolamdong.vn/ty-gia-ngoai-te-hom-nay-20-7-dong-usd-giu-duoc-da-phuc-hoi-382937.html