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| Foreign exchange rates today October 25: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... (Source: DailyFX) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 25 was announced by the State Bank at 24,087 VND/USD, down 10 VND/USD compared to the previous day.
Domestic market: At commercial banks on the morning of October 25, specifically as follows:
USD exchange rate for buying is 24,360 VND/USD, selling is 24,730 VND/USD.
EUR exchange rate for buying is 25,339 VND/EUR and selling is 26,730 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,400 VND/USD, selling is 24,700 VND/USD.
EUR exchange rate for buying is 25,527 VND/EUR; selling is 26,727 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from October 19-25 |
| 1 | EUR | Euro | 25,339.67 | 26,730.51 | 25,486.34 |
| 2 | JPY | Japanese Yen | 159.25 | 168.57 | 161.00 |
| 3 | GBP | British Pound | 29,108.67 | 30,347.60 | 29,353.75 |
| 4 | AUD | Australian Dollar | 15,274.63 | 15,924.76 | 15,363.61 |
| 5 | CAD | Canadian Dollar | 17,419.09 | 18,160.48 | 17,670.87 |
| 6 | RUB | Russian Ruble | 250.04 | 276.81 | 247.27 |
| 7 | KRW | Korean Won | 15.78 | 19.12 | 17.83 |
| 8 | INR | Indian Rupee | 295.04 | 306.85 | 289.52 |
| 9 | HKD | Hong Kong Dollar (China) | 3,059.41 | 3,189.62 | 3,079.95 |
| 10 | CNY | Chinese Yuan China | 3,291.02 | 3,431.61 | 3,298.65 |
(State Bank and commercial banks)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.70% to 106.27.
The greenback exchange rate in the world today increased sharply, but other key currencies decreased.
Specifically, the USD increased against other currencies in the last trading session, when a series of new economic data highlighted the strength of the US economy.
US business output rose further in October, as the manufacturing sector emerged from a five-month slump, as new orders rose and service activity accelerated slightly, amid easing inflationary pressures, S&P Global said on October 24.
It is the latest sign that the US economy is holding up against interest rate hikes - part of the Federal Reserve's campaign to curb inflation.
“While all three US PMIs were positive, the UK and eurozone numbers both showed contraction, re-emphasizing the resilience of the US economy compared to other economies around the world,” said Helen Given, FX trader at Monex USA.
Earlier, survey data showed that business activity in the euro zone took an unexpected turn for the worse this month, amid a broader recession across the region. The euro fell 0.8% to $1.0588.
Elsewhere, the Bank of England will set interest rates at its policy meeting next week, following the Fed’s decision on November 1. The European Central Bank’s meeting ends tomorrow, October 26, with traders expecting all three central banks to keep rates steady.
“The October PMI surveys suggest that economic activity got off to a rather subdued start in the fourth quarter, particularly in Europe,” said Ariane Curtis, global economist at Capital Economics.
Global financial markets have been hit by rising US bond yields, which pushed the benchmark 10-year Treasury yield above 5% on October 23, its highest level since July 2007. Rising yields pushed the DXY index to a near one-year high earlier this month.
The dollar rose 0.1% against the Japanese yen, currently at 149.91 yen, raising concerns among traders about possible government intervention to support the Japanese currency.
The pound ended the session at $1.2161, down 0.72%. Surveys on October 24 showed that British businesses reported another contraction this month and cost pressures continued to ease, pointing to the risk of a recession.
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