Foreign exchange rates, USD/VND exchange rate today, May 23: EUR turns down after three consecutive increases

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: May 23, 2025 07:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,780	25,790	26,130
EUR	EUR	28,824	28,940	30,048
GBP	GBP	34,226	34,363	35,338
HKD	HKD	3,252	3,265	3,370
CHF	CHF	30,894	31,018	31,934
JPY	JPY	176.59	177.30	184.70
AUD	AUD	16,396	16,462	16,992
SGD	SGD	19,789	19,868	20,413
THB	THB	773	776	811
CAD	CAD	18,403	18,477	18,993
NZD	NZD		15,158	15,666
KRW	KRW		18.01	19.86

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:00 a.m. on May 23, the State Bank announced the central exchange rate of the Vietnamese Dong decreased by 7 VND, currently at 24,955 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,758 VND - 26,152 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,760 - 26,150 VND.

Vietinbank: 25,699 - 26,159 VND.

Foreign exchange rates, USD/VND exchange rate today, May 23: EUR reversed to decrease after three consecutive increases. (Source: CNBC)

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 0.34% to 99.90.

The US dollar gained in part thanks to President Donald Trump's tax cut and spending bill passing the House of Representatives.

President Trump's comprehensive tax bill would add to the country's ballooning debt.

To partially offset the revenue loss from the new tax and spending cuts, the bill would cut Medicaid and SNAP, largely by requiring beneficiaries to work.

The bill will now move to the Senate for consideration. If enacted, the Congressional Budget Office (CBO) estimates, it would result in about 8.6 million people losing Medicaid and an additional 3 million people losing SNAP each month.

The CBO also estimated that the bill’s tax provisions would increase the federal deficit by $3.8 trillion over a decade, while changes to Medicaid, SNAP and other services would save only about $1 trillion.

The US dollar edged up 0.1% against the Japanese yen to 143.75 yen, its lowest since May 7.

The euro fell 0.3% against the greenback to $1.1293, after rising for three consecutive sessions.

The preliminary HCOB composite purchasing managers' index showed that euro zone business activity unexpectedly contracted this month.

In contrast, US business activity increased in May, partly due to a deal between Washington and China that helped ease trade tensions.

The U.S. Composite PMI Output Index, which tracks manufacturing and services, rose to 52.1 this month from 50.6 in April, according to S&P Global. A reading above 50 indicates expansion in the private sector.

Meanwhile, the pound was flat against the dollar at $1.3433, not far from a three-year peak of $1.3468 hit in the previous session, after rising inflation dampened expectations of a rate cut by the Bank of England.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-235-eur-quay-dau-giam-sau-ba-phien-tang-lien-tiep-315223.html