USD exchange rate today (March 2): Early morning of March 2, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD increased by 88 VND this week, currently at 24,726 VND.
The USD Index (DXY), which measures the greenback's performance against six major currencies, rose 0.89% this week to 107.56.
USD exchange rate in the world last week
The dollar rose 0.06% to 106.67 while US Treasury yields fell after new economic data raised concerns about the country's growth outlook. The yield on the 10-year US bond fell about 8 basis points, while US stocks fell. Concerns about US economic growth have begun to emerge and are growing as the deadline for President Donald Trump to impose tariffs on Canada and Mexico approaches, expected next week.
The greenback fell 0.33% to 106.27 on February 26, extending losses following dismal US consumer confidence data and falling US bond yields. Investors are also concerned about the impact on the labor market from the moves by the Department of Government Efficiency led by billionaire Elon Musk. The current uncertainty makes the Fed need to be cautious and continue to wait and see how the central bank's policy is moving until it is certain that inflation is returning to its 2% target.
The DXY index recovered slightly on February 27, rising 0.17% to 106.48, thereby escaping an 11-week low, as investors assessed the strength of the US economy and the prospect of tariffs following recent comments from President Donald Trump. The benchmark 10-year US Treasury yield fell nearly 10 basis points in the session, down 4.2 basis points to 4.256% after falling to 4.249% - the lowest level since December 11, 2024.
The dollar jumped 0.88% to 107.30 on February 28 as President Donald Trump’s latest tariff comments overshadowed signs of slowing economic growth. Trump announced that 25% tariffs on Mexican and Canadian goods would take effect on March 4 as scheduled. The Fed’s rate-cutting path has also become less predictable, with markets pricing in about 58 basis points of easing by the end of the year and a cut of at least 25 basis points that would not exceed 50% by the June meeting.
The greenback ended the week up 0.32% at 107.56 after a meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump dashed hopes of any early peace deal in the Russia-Ukraine conflict. Zelensky left the White House early after the meeting, without signing an agreement on the joint development of natural resources between Ukraine and the US. Markets are pricing in a 79.1% chance of a Fed rate cut, up from nearly 70% in the previous session, according to the CME FedWatch Tool.
USD exchange rate in the country today
In the domestic market, at the beginning of the trading session on March 2, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD increased by 88 VND this week, currently at 24,726 VND.
* The reference exchange rate at the State Bank's transaction office increased slightly, currently at: 23,540 VND - 25,912 VND.
USD exchange rate at commercial banks buy and sell as follows:
USD exchange rate | Buy | Sell |
Vietcombank | 25,340 VND | 25,730 VND |
Vietinbank | 25,220 VND | 25,800 VND |
BIDV | 25,375 VND | 25,735 VND |
* The EUR exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 24,438 VND - 27,010 VND.
EUR exchange rates at commercial banks are as follows:
EUR exchange rate | Buy | Sell |
Vietcombank | 25,888 VND | 27,308 VND |
Vietinbank | 25,703 VND | 27,203 VND |
BIDV | 26,150 VND | 27,340 VND |
* The buying and selling rates of Japanese Yen at the State Bank of Vietnam remain unchanged, currently at: 157 VND - 174 VND.
Japanese Yen Exchange Rate | Buy | Sell |
Vietcombank | 163.73 VND | 174.14 VND |
Vietinbank | 165.83 VND | 175.38 VND |
BIDV | 166.23 VND | 173.97 VND |
Source: https://baolangson.vn/ty-gia-usd-hom-nay-2-3-dong-usd-lay-lai-da-tang-tuan-manh-me-5039524.html
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