On March 11th, the State Bank of Vietnam listed the central exchange rate of the Vietnamese Dong against the US Dollar as follows:
| Central exchange rate | Exchange rate |
| 1 USD = | 23,639 VND |
Exchange rates for other foreign currencies listed at Vietcombank :
On the free market, at the end of March 10th, the USD was traded at 23,730 - 23,780 VND/USD (buy - sell), an increase of 70 VND/USD (buying) and 20 VND/USD (selling) compared to the previous trading session.
Today's USD exchange rate
The Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 104.64 points, down 0.64% from the previous session.
The weakening US dollar, driven by easing inflationary pressures, could keep the Federal Reserve's pace of interest rate hikes modest.
The USD weakened after US jobless claims rose more than expected last week. This suggests that easing inflationary pressures may keep the Fed's interest rate hike pace modest and thus reduce the USD's attractiveness.
Specifically, the state's initial jobless claims rose by 21,000 to a seasonally adjusted 211,000 in the week ending March 4. Economists polled by Reuters had forecast 195,000 claims in the previous week.
The US dollar ultimately fell 0.31% against a basket of currencies to 105.28 points. It declined from a three-month high of 105.88 on Wednesday.
Fed Chairman Jerome Powell had previously reiterated his message of higher and potentially faster interest rate hikes, but stressed that the debate is still ongoing, with a data-driven decision to be made ahead of the Fed's policy meeting in two weeks.
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![[Photo] General Secretary To Lam working with Ambassadors and Heads of Vietnamese representative offices abroad attending the 14th National Congress of the Party](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2026%2F01%2F25%2F1769334314499_image.jpeg&w=3840&q=75)
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