World USD exchange rate on May 16, 2025
The US Dollar Index (DXY), which measures the greenback's strength against six major currencies, fell 0.17% to trade around 100.9. The weakness came after a report from the US Bureau of Labor Statistics showed that factory inflation cooled.
Specifically, the overall PPI in April increased only 2.4% compared to the same period last year, lower than the forecast of 2.5% and the 2.7% of March. The core PPI index excluding food and energy prices increased 3.1%, as expected, but still lower than the adjusted 4% of the previous period.
Compared to the previous month, the headline PPI and core PPI both unexpectedly fell 0.5% and 0.4%, respectively. Previously, the US consumer inflation (CPI) data released on Tuesday was also lower than expected.
The weak data reduces the likelihood that the Federal Reserve will maintain its policy stance of tightening monetary policy with higher interest rates. However, the Fed remains cautious, preferring to control inflation expectations rather than react hastily to short-term data, especially after President Donald Trump’s recent tariff policies.
On retail sales, which reflect the purchasing power of US consumers – April data showed a slight increase of 0.1%, better than the forecast of no change. Compared to the same period last year, the increase reached 5.2%, showing that consumption still maintained a steady growth momentum.
Domestic USD exchange rate today
In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 16, 2025 decreased sharply in both directions compared to yesterday's trading session, trading around 26,224 - 26,324 VND/USD.
In the domestic market, at the beginning of the trading session on May 16, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,970 VND, unchanged from yesterday.
* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,772 VND - 26,168 VND.
USD exchange rates at commercial banks are as follows:
| USD exchange rate | Buy | Sell |
| Vietcombank | 25,720 VND | 26,110 VND |
| Vietinbank | 25,670 VND | 26,180 VND |
| BIDV | 25,750 VND | 26,110 VND |
VIB Bank is buying US Dollar cash at the lowest price of 25,340 VND/USD
VIB Bank is buying US Dollar transfers at the lowest price of 25,400 VND/USD
HSBC Bank is buying US Dollar cash at the highest price of 25,818 VND/USD
Indovina Bank is buying US Dollar transfers at the highest price of 25,820 VND/USD
VIB Bank is selling US Dollar cash at the lowest price of 25,760 VND/USD
VIB Bank is selling US Dollar transfers at the lowest price of 25,760 VND/USD
Saigonbank is selling US Dollar cash at the highest price of 26,220 VND/USD
NCB Bank is selling US Dollar transfers at the highest price of 26,198 VND/USD
* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 26,550 VND - 29,345 VND.
| EUR exchange rate | Buy | Sell |
| Vietcombank | 28,293 VND | 29,843 VND |
| Vietinbank | 28,510 VND | 30,220 VND |
| BIDV | 28,621 VND | 29,863 VND |
* The Japanese Yen exchange rate at the State Bank's exchange office increased slightly, currently at: 162 VND - 179 VND.
| Japanese Yen Exchange Rate | Buy | Sell |
| Vietcombank | 171.36 VND | 182.25 VND |
| Vietinbank | 175.17 VND | 184.87 VND |
| BIDV | 174.21 VND | 182.31 VND |
Source: https://baonghean.vn/ty-gia-usd-hom-nay-16-5-2025-giam-nhe-sau-bao-cao-chi-so-ppi-tai-my-10297391.html
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