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| Foreign exchange rates today, May 25: USD, Euro, AUD, CAD, Japanese Yen, British Pound... US economy recovers, greenback has new wind. (Source: Reuters) |
Foreign exchange rates today 5/25
The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of May 25 was announced by the State Bank at 23,696 VND/USD, an increase of 12 VND compared to yesterday.
With the +/- 5% margin currently applied, the ceiling rate applied by banks today is 24,880 VND/USD and the floor rate is 22,511 VND/USD.
At commercial banks this morning, the price of USD and Chinese Yuan (CNY) both decreased.
At 9:30 a.m., the greenback price at Vietcombank was listed at 23,270 - 23,640 VND/USD (buy - sell), down 20 VND in both buying and selling compared to the end of yesterday's session.
The listed CNY price is 3,356 - 3,395 VND/CNY (buy - sell), down 5 VND for buying and 6 VND for selling compared to the end of yesterday's session.
At BIDV , the USD price is listed at 23,320 - 23,620 VND/USD, down 20 VND for buying and 35 VND for selling compared to the end of yesterday's session.
The price of CNY at this bank is listed at 3,269 - 3,380 VND/CNY (buy - sell), down 8 VND for buying and 7 VND for selling compared to yesterday's closing price.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from May 25 to May 31 |
| 1 | EUR | Euro | 24,667.36 | 26,048.57 | 25,524.25 |
| 2 | JPY | Japanese Yen | 164.82 | 174.49 | 170.77 |
| 3 | GBP | British Pound | 28,464.28 | 29,677.98 | 29,481.84 |
| 4 | AUD | Australian Dollar | 15,061.78 | 15,704.01 | 15,591.18 |
| 5 | CAD | Canadian Dollar | 16,911.88 | 17,632.99 | 17,509.98 |
| 6 | RUB | Russian Ruble | 278.88 | 308.76 | 295.68 |
| 7 | KRW | Korean Won | 15.41 | 18.78 | 17.97 |
| 8 | INR | Indian Rupee | 283.14 | 294.50 | 286.30 |
| 9 | HKD | Hong Kong Dollar (China) | 2,922.57 | 3,047.19 | 3,023.27 |
| 10 | CNY | Chinese Yuan China | 3,269.00 | 3,380.00 | 3,379.56 |
(Source: State Bank, Vietcombank)
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 0.40% to 103.89.
Specifically, the greenback exchange rate in the world today increased, the British Pound decreased.
The greenback hit a fresh two-month high against other currencies on Tuesday, supported by recent signs of a recovery in the US economy, while worries about US debt ceiling negotiations sent investors fleeing to safe havens.
Market expectations that the Federal Reserve will cut interest rates soon have eased as US economic data shows resilience and gives the greenback an advantage, said Joe Manimbo, senior market analyst at Convera in Washington.
“There was a view that the dollar could lose its yield advantage if the Fed cuts rates as much as the market has recently anticipated and if Europe continues to raise rates. However, there has now been some change to the global interest rate outlook,” he added.
Market expectations for a Fed rate hike at its next meeting in June have risen slightly after the minutes of its policy meeting in early May were released. Fed officials said further rate hikes should be carefully considered, while others warned that the US central bank should keep its interest rate decisions open amid persistent inflation risks.
According to CME Group's FedWatch tool, federal funds futures show a 35.3% probability of the Fed raising interest rates at its two-day policy meeting (June 13-14).
Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said debt ceiling negotiations are a big factor in the foreign exchange market.
Elsewhere, the pound fell to a five-week low against the greenback of $1.2358 and was last down 0.42%, after data showed UK inflation slowed much less than markets expected.
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