Foreign exchange rates, USD/VND exchange rate today May 20: Why is USD plummeting?

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 05/20/2025 08:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,740	25,750	26,090
EUR	EUR	28,426	28,540	29,642
GBP	GBP	33,868	34,004	34,975
HKD	HKD	3,250	3,263	3,369
CHF	CHF	30,456	30,578	31,483
JPY	JPY	174.53	175.23	182.51
AUD	AUD	16,288	16,353	16,882
SGD	SGD	19,627	19,706	20,245
THB	THB	759	762	796
CAD	CAD	18,237	18,310	18,820
NZD	NZD		15,025	15,531
KRW	KRW		17.70	19.51

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:30 a.m. on May 20, the State Bank announced the central exchange rate of the Vietnamese Dong increased by 10 VND, currently at 24,970 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,772 VND - 26,168 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,730 - 26,120 VND.

Vietinbank: 25,620 - 26,130 VND.

Foreign exchange rates, USD/VND exchange rate today, May 20: Why is the USD plummeting? (Source: Economic Times)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.71% to 100.38.

The US dollar fell sharply, hitting its lowest level in more than a week against the Japanese yen, Swiss franc and euro, amid rising trade tensions.

US Treasury Secretary Scott Bessent said President Donald Trump would impose tariffs at the level he announced last month on trading partners that do not negotiate in “good faith”.

Previously, on May 16, credit rating agency Moody's announced a downgrade of the US credit rating from the highest level of Aaa to Aa1.

The news sent the greenback lower against major currencies after four straight weeks of gains.

The greenback fell against the Japanese yen to 144.665 yen, its lowest since May 8, in the previous session. The currency also fell to its lowest in more than a week against the Swiss franc, to 0.8317 franc.

In a contrasting development, the EUR increased 0.6% against the USD, reaching 1.1232 USD.

The British pound also rose 0.6% against the greenback, reaching $1.3355.

Despite the dollar's depreciation, New York Federal Reserve President John Williams noted that the greenback remains the world's reserve currency.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-205-usd-lao-doc-vi-ly-do-gi-314874.html