Foreign exchange rates, USD/VND exchange rate today August 20: USD keeps rising, investors 'look with red eyes' for clues about US interest rates

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: August 25, 2025 06:00 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	26,210	26,220	26,550
EUR	EUR	29,999	30,119	31,236
GBP	GBP	34,759	34,899	35,877
HKD	HKD	3,311	3,324	3,429
CHF	CHF	32,019	32,148	33,039
JPY	JPY	173.63	174.33	181.59
AUD	AUD	16,625	16,692	17,226
SGD	SGD	20,117	20,198	20,737
THB	THB	787	790	825
CAD	CAD	18,638	18,713	19,223
NZD	NZD		15,082	15,580
KRW	KRW		18.18	19.92

Exchange rate developments in the domestic market

In the domestic market, the record of World and Vietnam Newspaper at 6:40 a.m. on August 19, the State Bank announced the central exchange rate of the Vietnamese Dong at 25,245 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 24,033 VND - 26,457 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 26,080 VND - 26,470 VND.

Vietinbank: 25,940 VND - 26,480 VND.

Foreign exchange rates, USD/VND exchange rate today, August 20: USD keeps rising, investors are 'looking with red eyes' for clues about US interest rates. (Source: SCMP)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.11%, currently at 98.28.

The US dollar recorded mixed movements as investors turned their attention to the US Federal Reserve's Jackson Hole Conference this weekend, looking for further signals on the direction of US interest rates.

The market focus this week is on a speech by Fed Chairman Jerome Powell, amid a lack of major economic data that could clearly guide trading trends.

Investors are waiting to see if Mr. Powell will contradict market expectations for a rate cut in September.

Traders have increased bets on the Fed cutting interest rates at its September 16-17 meeting after a disappointing July jobs report and consumer inflation data showed limited pressure from tariffs.

However, a higher-than-expected producer price index (PPI) in July 2025 somewhat curbed expectations of a cut. Mr. Powell had also previously stressed caution, saying that inflation could rise again in the summer due to the impact of tariffs.

“Last week, when the market was pricing in around 25 basis points for September 2025 and more than two cuts for the rest of the year, the risk was that Powell’s speech would disappoint those expectations if he did not explicitly state a rate cut in September 2025,” said Vassili Serebriakov, a foreign exchange and macro strategist at UBS in New York.

But now, with the market pricing in only about 20 basis points for September 2025 and over 50 basis points for the full year, I think the risks are much more balanced.”

The US dollar fell 0.22% against the Japanese yen to 147.54 yen. The performance of currencies in recent weeks has been quiet, following the sharp decline of the US dollar in the first half of the year.

In other currency markets, the pound fell 0.16% to $1.348.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-208-usd-giu-da-tang-nha-dau-tu-do-mat-tim-manh-moi-ve-lai-suat-my-324988.html