Foreign exchange rates, USD/VND exchange rate today March 4: EUR under great pressure, USD down

Foreign exchange rates, USD/VND exchange rate today, March 4, recorded a decrease in the USD as investors focused more on the possibility of reaching an agreement in the conflict between Russia and Ukraine.

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 March 4, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 32 VND, currently at 24,758 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,571 VND - 25,945 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,390 - 25,780 VND.

Vietinbank : 25,260 - 25,840 VND.

Foreign exchange rates, USD/VND exchange rate today, March 4: EUR under great pressure, USD down. (Source: Getty Images)

Exchange rate developments in the world market

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) fell 1.07% to 106.55.

The dollar fell as investors focused more on the possibility of a deal in the Russia-Ukraine conflict and the fiscal situation in the euro zone.

Meanwhile, the euro also came under greater pressure after US President Donald Trump last week warned of imposing a 25% tariff on cars and other exports from the European Union.

This has put pressure on all European currencies and had less impact on the pound.

The pound posted its first monthly gain since September against the greenback late last week, buoyed by the prospect that Britain will cut interest rates more slowly than other countries. The pound rose 0.3% in the last session to $1.2614.

Bank of England Deputy Governor Dave Ramsden said on February 28 that wage pressures in the UK have increased the risk of inflation remaining above the Bank of England's target.

“We maintain our view that the sterling rally against the US dollar is unlikely to be sustained in the near term as we expect the UK budget event at the end of March to put renewed pressure on the pound, as well as potentially impact the government bond market,” said Francesco Pesole, FX strategist at ING.

Meanwhile, the Canadian dollar fell to a one-month low against the dollar in the last trading session, as US President Donald Trump announced tariffs on Canada and Mexico would take effect from today, March 4, dampening hopes of another tariff delay.