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Foreign exchange rates, USD/VND exchange rate today February 28: CAD and Peso drop rapidly after US President's statement

Foreign exchange rates, USD/VND exchange rate today, February 28, recorded that USD quickly recovered after Mr. Trump announced a 25% tax on goods from Mexico and Canada.

Báo Quốc TếBáo Quốc Tế28/02/2025

Foreign exchange rate update table - USD exchange rate Agribank today

1. Agribank - Updated: 03/21/2025 00:30 - Time of website source
Foreign currency Buy Sell
Name Code Cash Transfer
USD USD 25,350 25,370 25,710
EUR EUR 27,304 27,414 28,527
GBP GBP 32,600 32,731 33,694
HKD HKD 3,221 3,234 3,341
CHF CHF 28,561 28,676 29,582
JPY JPY 168.08 168.76 176.04
AUD AUD 15,848 15,912 16,434
SGD SGD 18,850 18,926 19,470
THB THB 740 743 776
CAD CAD 17,497 17,567 18,078
NZD NZD 14,538 15,042
KRW KRW 16.74 18.47

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 8:10 a.m. on February 28, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 28 VND, currently at 24,696 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,512 VND - 25,880 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,350 - 25,740 VND.

Vietinbank : 25,200 - 25,780 VND.

Tỷ giá ngoại tệ, tỷ giá USD/VND hôm nay 28/2
Foreign exchange rates, USD/VND exchange rate today, February 28: CAD and Peso fell rapidly after the US announcement. (Source: Xinhua)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.88% to 107.30.

The USD quickly recovered after US President Donald Trump announced that the 25% tariff on goods from Mexico and Canada will take effect from March 4 as scheduled.

The DXY index is on track for its biggest one-day gain since Dec. 18. The euro fell 0.74%, on track for its biggest drop since Jan. 2, to $1.0405.

Prime Minister Justin Trudeau said Canada “will respond immediately” if the US imposes tariffs on Canadian imports from March 4.

The Canadian dollar fell 0.69% against the greenback to CAD1.44 and the Mexican peso fell 0.12% against the dollar to CAD20.464.

The greenback fell nearly 4% earlier this week from a more than two-year high hit in January 2025, on concerns about U.S. economic growth and inflation as President Donald Trump shifted the deadline for imposing tariffs on Canada and Mexico.

Investors are also bracing for labor market impacts from actions by the Department of Government Efficiency headed by billionaire Elon Musk.

The path of the US Federal Reserve’s interest rate cuts has become more unpredictable, with markets pricing in about 58 basis points of easing by the end of the year and at least a 25 basis point cut that does not exceed 50% by the June meeting.

Cleveland Federal Reserve Bank President Beth Hammack said she expects the US central bank's interest rate policy to remain unchanged for now.

Philadelphia Federal Reserve Bank President Patrick Harker expressed support for keeping short-term U.S. borrowing costs within their current range.

Meanwhile, the European Central Bank is expected to cut interest rates next week to 2.50%.

Compared to the Japanese Yen, the USD increased by 0.52% to 149.85.

The British pound weakened 0.51% to $1.2608.


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