USD exchange rate today 05/21/2025: Continues to weaken

USD exchange rate today, May 21, 2025: Trade-related uncertainties, ballooning public debt and declining confidence in the US's long-term preeminence are weighing on USD-denominated assets, making the greenback one of the most obvious "victims". Investors believe that the USD will continue to lose its appeal as it returns to a more reasonable value level, after a period of overvaluation.

USD exchange rate today 05/21/2025

At the time of survey at 4:30 a.m. on May 21, the central exchange rate at the State Bank was currently 24,968 VND/USD, down 2 VND compared to yesterday's trading session.

Specifically, at Vietcombank , the USD exchange rate is 25,750 - 26,140 VND/USD, an increase of 20 VND in both directions, compared to yesterday's trading session.

VIB Bank is buying USD cash at the lowest price: 1 USD = 25,340 VND

VIB Bank is buying USD transfers at the lowest price: 1 USD = 25,400 VND

HSBC Bank is buying USD cash at the highest price: 1 USD = 25,829 VND

OCB Bank is buying USD transfers at the highest price: 1 USD = 25,830 VND

VIB Bank is selling USD cash at the lowest price: 1 USD = 25,760 VND

VIB Bank is selling USD transfers at the lowest price: 1 USD = 25,760 VND

LPBank and OceanBank are selling USD cash at the highest price: 1 USD = 26,190 VND

NCB Bank is selling USD transfers at the highest price: 1 USD = 26,175 VND

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

1. Agribank - Updated: May 21, 2025 04:30 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,760	25,770	26,110
EUR	EUR	28,557	28,672	29,776
GBP	GBP	34,038	34,175	35,148
HKD	HKD	3,251	3,264	3,369
CHF	CHF	30,512	30,635	31,541
JPY	JPY	174.58	175.28	182.56
AUD	AUD	16,395	16,461	16,991
SGD	SGD	19,678	19,757	20,298
THB	THB	761	764	798
CAD	CAD	18,252	18,325	18,835
NZD	NZD		15,110	15,618
KRW	KRW		17.82	19.65

2. Sacombank - Updated: 05/20/2002 07:16 - Time of website source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25785	25785	26145
AUD	AUD	16296	16396	16967
CAD	CAD	18271	18371	18924
CHF	CHF	30741	30771	31659
CNY	CNY	0	3561.5	0
CZK	CZK	0	1125	0
DKK	DKK	0	3905	0
EUR	EUR	28850	28950	29723
GBP	GBP	34176	34226	35347
HKD	HKD	0	3270	0
JPY	JPY	176.08	177.08	183.6
KHR	KHR	0	6,032	0
KRW	KRW	0	18	0
LAK	LAK	0	1,152	0
MYR	MYR	0	6255	0
NOK	NOK	0	2510	0
NZD	NZD	0	15148	0
PHP	PHP	0	440	0
SEK	SEK	0	2680	0
SGD	SGD	19644	19774	20506
THB	THB	0	729.7	0
TWD	TWD	0	850	0
XAU	XAU	11700000	11700000	11930000
XBJ	XBJ	10000000	10000000	11930000

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 21, 2025 decreased by 11 VND in both buying and selling compared to yesterday's trading session, trading around 26,333 - 26,433 VND/USD.

Black market on May 21, 2025. Photo: Chogia.vn

USD exchange rate today May 21, 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 100.27 - up 0.01 points compared to May 20, 2025.

DXY index developments in recent times.

According to Reuters, the Trump administration's wave of tariffs this year has caused investors to reduce their exposure to US assets after a long period of market dominance. Although the USD has recovered slightly in recent sessions thanks to hopes of a US-China trade truce, the currency quickly came under new selling pressure after Moody's downgraded the US national credit rating by one notch.

"In terms of valuation, the US dollar still has a lot of room to fall," said George Vessey, chief foreign exchange and macro strategist at payments firm Convera.

The U.S. dollar index (.DXY) has fallen as much as 10.6% from its January peak, one of its steepest declines in three months. Speculators now hold a net short position of $17.32 billion in U.S. dollars, the most bearish since July 2023, according to data from the U.S. Commodity Futures Trading Commission (CFTC).

Part of the negative sentiment toward the dollar comes from the currency’s high valuation—it traded 22% above its 20-year average in January. The DXY is still about 10% above its 20-year average, and a further 10% drop would take the dollar to levels last seen during President Trump’s first term.

While investors and strategists have argued that the dollar is overvalued for years, betting against the currency has often resulted in losses because of the steady strength of the U.S. economy. But that may be changing.

Steve Englander, head of global G10 foreign exchange research at Standard Chartered (New York), said that while recent trade deals may temporarily calm markets, they do not address the long-term confidence issues facing the US.

“The story of the weakening dollar is not over yet,” Mr. Englander said.

Investors are also concerned about the long-term fiscal outlook for the United States. Analysts estimate that President Trump’s massive tax cuts could add between $3 trillion and $5 trillion to the national debt, already at $36.2 trillion, over the next decade.

Despite recent selling pressure, thanks to years of rising US asset prices, the world is still holding trillions of dollars in US stocks and Treasury bonds.

According to investors, selling pressure could increase from many regions as people start to question the safe-haven role of the USD - which has declined markedly in recent times.

USD exchange rate today May 21, 2025. Illustration photo

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Hai Ba Trung District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the popular addresses for Foreign Currency Exchange - Buying and Selling USD in Ho Chi Minh City:

1. Minh Thu Currency Exchange - 22 Nguyen Thai Binh, District 1, HCMC

2. Kim Mai Gold Shop - 84 Cong Quynh, District 1, HCMC

3. Kim Chau Gold Shop - 784 Dien Bien Phu, Ward 10, District 10. Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, HCMC

5. Kim Hung foreign currency exchange agency - No. 209 Pham Van Hai, Binh Chanh, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan, Ben Nghe, District 1, HCMC

7. Kim Tam Hai Shop - No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, HCMC

8. Bich Thuy Gold Shop - No. 39 Pham Van Hai Market, Ward 3, Tan Binh District, HCMC

9. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, HCMC

10. System of transaction offices at banks in Ho Chi Minh City such as: Sacombank, VietinBank, Vietcombank, SHB, Eximbank

Ngoc Hung

Source: https://congthuong.vn/ty-gia-usd-hom-nay-21052025-tiep-tuc-suy-yeu-388522.html