Foreign exchange rates, USD/VND exchange rate today March 7: USD 'inferior' in currency basket

Foreign exchange rates, USD/VND exchange rate today March 7, Yen and Swiss Franc increased, while USD decreased compared to most other currencies.

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 7:45 a.m. on March 7, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD decreased by 12 VND, currently at 24,738 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,552 VND - 25,924 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank : 25,270 - 25,660 VND.

Vietinbank : 25,170 - 25,750 VND.

Foreign exchange rates, USD/VND exchange rate today, March 7: USD 'inferior' in the currency basket. (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 1.12% to 104.19.

The yen and Swiss franc rose, while the dollar fell against most other currencies.

Specifically, the USD decreased by 0.6% to 147.96 Yen. Compared to the Swiss Franc, the USD fell to a three-month low of 0.8825 franc and closed the trading session down 0.8% to 0.8838.

The USD also weakened against the CAD and NZD.

Investors are worried about the potential impact of large tariffs from the Trump administration on the US economy.

Many U.S. businesses rely on imports and exports, so a drop in trade figures could have a negative impact on the world's largest economy, said Eugene Epstein, director of North American trading at Moneycorp in New Jersey.

In contrast, the euro hit a four-month high against the dollar after the European Central Bank (ECB) cut interest rates for the sixth time in nine months as expected, but revised up its short-term inflation forecast.

The common European currency rose to its highest since November at $1.0854, before falling to $1.0784.

The euro has gained about 4% this week, its biggest weekly gain since March 2020.

On March 6, the ECB raised its inflation forecast to 2.3% this year for the euro area.

A major concern for investors is the impact of Germany's massive spending plans on the ECB's monetary policy. In a press conference after the rate decision, ECB President Christine Lagarde said the spending proposals would boost European growth.