USD exchange rate today 02/01/2025: Price increase

USD exchange rate today 01/02/2025: USD increased in value after the White House reiterated Trump's tariff threat. Meanwhile, Yen also increased due to expectations of BOJ interest rate cut.

USD exchange rate today 02/01/2025

At the time of survey at 5:00 a.m. on February 1, the central exchange rate at the State Bank was currently 24,325 VND/USD, unchanged from yesterday's trading session.

Specifically, at Vietcombank , the USD exchange rate is 24,770 - 25,300 VND/USD, unchanged in both buying and selling compared to yesterday.

VietBank is buying USD cash at the lowest price: 1 USD = 23,140 VND

VietBank is buying USD transfers at the lowest price: 1 USD = 23,140 VND

LPBank and OceanBank are buying USD cash at the highest price: 1 USD = 25,222 VND

VietinBank is buying USD transfers at the highest price: 1 USD = 25,549 VND

TPB Bank is selling USD cash at the lowest price: 1 USD = 24,870 VND

VietBank is selling USD transfers at the lowest price: 1 USD = 24,100 VND

PVcomBank is selling USD cash at the highest price: 1 USD = 25,550 VND

ABBank is selling USD transfers at the highest price: 1 USD = 25,541 VND

USD exchange rate at some banks today. Source Webgia.com

1. Agribank - Updated: 01/02/2025 08:30 - Time of website source supply
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	24,900	24,930	25,270
EUR	EUR	25,691	25,794	26,878
GBP	GBP	30,501	30,623	31,596
HKD	HKD	3,158	3,171	3,277
CHF	CHF	27,177	27,286	28,158
JPY	JPY	157.17	157.80	164.74
AUD	AUD	15,529	15,591	16,107
SGD	SGD	18,250	18,323	18,850
THB	THB	722	725	757
CAD	CAD	17,197	17,266	17,773
NZD	NZD		14,073	14,568
KRW	KRW		16.77	18.53

2. Sacombank - Updated: October 15, 2004 07:16 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	24880	24880	25280
AUD	AUD	15460	15560	16159
CAD	CAD	17110	17210	17798
CHF	CHF	27222	27252	28180
CNY	CNY	0	3419.4	0
CZK	CZK	0	985	0
DKK	DKK	0	3478	0
EUR	EUR	25791	25891	26818
GBP	GBP	30595	30645	31817
HKD	HKD	0	3210	0
JPY	JPY	149.95	150	164.76
KHR	KHR	0	6,032	0
KRW	KRW	0	17.1	0
LAK	LAK	0	1.12	0
MYR	MYR	0	5820	0
NOK	NOK	0	2208	0
NZD	NZD	0	14089	0
PHP	PHP	0	402	0
SEK	SEK	0	2264	0
SGD	SGD	18189	18319	19078
THB	THB	0	688.1	0
TWD	TWD	0	760	0
XAU	XAU	8500000	8500000	8750000
XBJ	XBJ	7900000	7900000	8750000

In the "black market", the black market USD exchange rate as of 5:00 a.m. on February 1, 2025 decreased by 22 VND in both buying and selling compared to yesterday's trading session, trading around 25,431 - 25,551 VND/USD.

Black market on February 1, 2025. Photo: Chogia.vn

USD exchange rate today February 1, 2025 on the world market

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 108.41 - up 0.26 points compared to the transaction on January 31, 2025.

DXY index developments in recent times. Source: Investing

The US dollar rose against major currencies on Friday, while the Canadian dollar weakened and the Mexican peso edged up after the White House reaffirmed that President Donald Trump would impose tariffs on Saturday.

Reuters previously reported, citing sources familiar with the tariff discussions, that Trump would announce tariffs on Canadian and Mexican imports on Saturday but delay collecting the tariffs until March 1 and set up a limited process to exempt certain imports from the tariffs.

White House spokeswoman Karoline Leavitt denied the report, calling it false and adding that the tariffs would be announced on Saturday and take effect immediately.

Earlier on Friday, U.S. Commerce Department data showed the Personal Consumption Expenditures (PCE) price index rose 0.3% last month, the biggest gain since April last year, amid a surge in consumer spending, suggesting the Federal Reserve may be in no rush to cut interest rates again.

“It’s the tariffs and the administration that are driving this overextended dollar move; one of the biggest challenges is that a stronger dollar is a self-sustaining move if you want to make the case that there’s a Trump move,” said Marvin Loh, senior global market strategist at State Street in Boston.

“The USD trade is one of the most over-positioned trades at the moment. It needs a catalyst to continue to rise. But the threats and/or actions that we saw on tariffs over the weekend are what is driving the story right now,” Loh said.

The dollar rose 0.12% against the Canadian dollar, recovering from a slight decline following the Reuters report. The currency is still trading near a five-year high of C$1.451 and is up nearly 1.1% for the week.

The Mexican peso rose 0.17% to 20.728 per dollar, its worst weekly performance since October.

The dollar rose 0.54% to 155.13 against the Japanese yen, posting a third straight weekly gain. Against the Swiss franc, the dollar rose 0.1% to 0.9016, up 0.5% for the week and ending two consecutive weeks of declines.

The euro fell 0.3% to $1.0367, posting a 1% weekly loss, its biggest since December 30. For the month, it gained 0.23%, its biggest gain since September last year.

Bank of Japan Governor Kazuo Ueda said the central bank must maintain its easy monetary policy to ensure core inflation rises gradually to its 2% target. Data on Friday showed core inflation in Tokyo hit 2.5%, the fastest annual pace in nearly a year.

The European Central Bank cut interest rates on Thursday and policymakers left the door open to another cut in March, as concerns about sluggish economic growth outweighed worries about persistent inflation.

Meanwhile, the Federal Reserve kept interest rates unchanged this week and Chairman Jerome Powell said he was in no rush to cut rates further, although he also implied there was room for easing with rates “significantly above” neutral.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.31% to 108.42. The index rose 0.93% for the week, snapping two straight weeks of declines.

“We expect there could be some volatility around the data that’s coming out this morning, the US PCE index and other data; but it’s really consistent and nothing remarkable,” said John Velis , FX and macro strategist at BNY in New York.

“Based on what happened yesterday afternoon at the White House, it seems like traders don’t want to take big risks over the weekend because it’s obviously February 1,” Velis added.