USD exchange rate today, January 25, 2026: 'Black market' rate drops.

Today, January 25th, the USD exchange rate remains stable at commercial banks, while the USD on the "black market" has fallen sharply compared to the previous session.

Báo Công thương•24/01/2026

USD exchange rate today, January 25, 2026

As of 4:30 AM on January 25th, the central exchange rate at the State Bank of Vietnam was 25,125 VND/USD, unchanged from the previous trading session.

Specifically, at Vietcombank , the USD exchange rate is currently at 26,051 - 26,381 VND/USD, remaining unchanged in both buying and selling rates compared to the previous trading session.

MBV Bank is buying US dollar cash at the lowest rate of: 1 USD = 23,869 VND

VietinBank is buying US dollar transfers at the lowest rate: 1 USD = 25,885 VND

HSBC Bank is buying US dollar cash at the highest rate: 1 USD = 26,152 VND

HSBC Bank is buying US dollar transfers at the highest rate: 1 USD = 26,152 VND.

SCB Bank is selling US dollar cash at the lowest rate: 1 USD = 26,370 VND

SCB Bank is selling US dollar transfers at the lowest rate: 1 USD = 26,370 VND.

ABBank andACB are selling US dollar cash at the highest rate of: 1 USD = 26,381 VND.

ABBank and ACB are selling US dollar transfers at the highest rate: 1 USD = 26,381 VND.

*USD exchange rates at several banks today. Source: Webgia.com.*

In the "black market," as of 4:30 AM on January 25, 2026, the USD exchange rate decreased by 75 VND in the buying rate and 65 VND in the selling rate compared to the previous trading session, trading around 26,265 - 26,415 VND/USD.

Today's USD exchange rate on the world market (January 25, 2026)

The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 97.60 points, down 0.76% from the previous closing session.

*The chart shows the recent movement of the DXY index. Source: Investing.com*

According to Reuters, the US dollar is heading for its sharpest weekly decline since June in the markets. The dollar came under significant pressure in the currency market as US assets were heavily sold off early in the week amid escalating geopolitical tensions, reviving the "sell-on-US" narrative that emerged after large-scale tariff measures last April.

The euro rose 0.5% to $1.18, poised for a weekly gain of over 1%, after the French government survived two no-confidence votes. Meanwhile, the British pound traded around $1.36; UK retail sales figures showed a surprise increase in December but had little impact on the exchange rate.

The yen fluctuated sharply during Friday's trading session, with two sudden surges fueling speculation that Japanese authorities had conducted a "rate check," a move often seen as a signal before market intervention.

The Japanese yen (JPY) briefly rose to 155.855 yen/USD, after earlier weakening to 159.2 yen/USD, near an 18-month low, as Bank of Japan (BOJ) Governor Kazuo Ueda held a press conference following his decision to keep interest rates unchanged.

Traders believe that authorities have not directly intervened but are only conducting checks on exchange rates at banks to signal their readiness to act. The yen has been under constant pressure since Prime Minister Sanae Takaichi took office in October, amid growing fiscal concerns and volatility in the Japanese bond market.

*Today's USD exchange rate (January 25, 2026). (Illustrative image.)*

*Refer to the following popular locations for exchanging foreign currency and buying/selling USD in Hanoi:
1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung Street, Hang Bong Ward, Hanoi
2. Gold and Silver Handicrafts - No. 31 Ha Trung Street, Hang Bong Ward, Hanoi
3. Minh Chien Gold and Silver Shop - 119 Cau Giay Street, Hanoi
4. Thinh Quang Gold and Silver Company - 43 Ha Trung Street, Hang Bong Ward, Hanoi
5. Toan Thuy Store - 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Hanoi
6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Hanoi

7. Chinh Quang Store - 30 Ha Trung Street, Hang Bong Ward, Hanoi

8. Kim Linh 3 Store - 47 Ha Trung Street, Hang Bong Ward, Hanoi

9. Huy Khoi Store - 19 Ha Trung Street, Hang Bong Ward, Hanoi

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

*Refer to the following popular locations for exchanging foreign currency and buying/selling USD in Ho Chi Minh City:

1. Minh Thu Foreign Exchange - 22 Nguyen Thai Binh Street, Ho Chi Minh City

2. Kim Mai Gold Shop - 84 Cong Quynh Street, Ho Chi Minh City

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

4. Saigon Jewelry Center - 40-42 Phan Boi Chau Street, Ho Chi Minh City

5. Kim Hung Foreign Exchange Agency - 209 Pham Van Hai Street, Ho Chi Minh City

6. DOJI Jewelry Store - Diamond Plaza Le Duan, 34 Le Duan Street, Ben Nghe Ward, Ho Chi Minh City

7. Kim Tam Hai Shop - 27 Truong Chinh Street, Dong Hung Thuan Ward, Ho Chi Minh City