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Foreign exchange rates, USD/VND exchange rate today, May 13: USD increased sharply after news from the US and China, EUR, British Pound weakened

Foreign exchange rates, USD/VND exchange rate today, May 13, recorded a strong increase in the USD when the US and China reached a temporary agreement to cut tariffs on each other's goods.

Báo Quốc TếBáo Quốc Tế13/05/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: May 13, 2025 05:30 - Time of website source supply
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,780 25,790 26,130
EUR EUR 28,217 28,330 29,430
GBP GBP 33,558 33,693 34,660
HKD HKD 3,265 3,278 3,384
CHF CHF 30,101 30,222 31,116
JPY JPY 171.19 171.88 178.92
AUD AUD 16,281 16,346 16,875
SGD SGD 19,510 19,588 20,121
THB THB 755 758 792
CAD CAD 18,246 18,319 18,828
NZD NZD 15,006 15,512
KRW KRW 17.50 19.27

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 7:00 a.m. on May 13, the State Bank announced the central exchange rate of the Vietnamese Dong decreased by 6 VND, currently at 24,945 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,748 VND - 26,142 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,635 - 26,145 VND.

Vietinbank: 25,620 - 26,130 VND.

(Nguồn: Getty Images)
Foreign exchange rates, USD/VND exchange rate today, May 13: USD increased sharply after news from the US and China, EUR plummeted. (Source: Getty)

World market developments

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 1.44% to 101.78.

The dollar rose sharply as the United States and China reached a temporary deal to cut tariffs on each other’s goods and eased concerns that a trade war between the world’s two largest economies could lead to a global recession.

Specifically, the US reduced tariffs on Chinese goods from 145% to 30% within 90 days. In return, China reduced tariffs on US goods from 125% to 10% within the same period.

Speaking to reporters in Geneva, US Treasury Secretary Scott Bessent announced that the two countries have reached an agreement to reduce reciprocal tariffs by 115% within 90 days.

Meanwhile, the EUR fell 1.54% to $1.1074 and is on track for its biggest drop since November 6.

Risk sentiment boosted U.S. stocks and weighed on safe-haven currencies, pushing the dollar up 2.19 percent against the yen to 148.50 after touching 148.64, its highest since April 3.

The pound weakened, down 1.07% to $1.3162 and on track for its biggest one-day drop since April 7.

This week, the market is looking forward to the US Consumer Price Index (CPI) data due out today (May 13) and April retail sales due out on May 15 to gauge the impact of global trade conflicts on the economy and expectations that the US Federal Reserve (Fed) will continue to cut interest rates.

Traders have reduced expectations for rate cuts by the Fed and the European Central Bank as the economic outlook improves following a trade deal between the world's two largest economies.

Markets are now betting the first cut of at least 25 basis points from the Fed is likely to come at the central bank's September policy meeting, later than last week's forecast of July.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-135-usd-tang-manh-sau-tin-tu-my-va-trung-quoc-eur-bang-anh-suy-yeu-314185.html


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