Foreign exchange rates, USD/VND exchange rate today, March 17, recorded the USD fluctuating below 104. According to experts, the greenback's recovery is quite difficult due to the effects of tariff conflicts.
Foreign exchange rate update table - USD exchange rate Agribank today
| 1. Agribank - Updated: March 17, 2025 07:00 - Time of website source supply | ||||
| Foreign currency | Buy | Sell | ||
| Name | Code | Cash | Transfer | |
| USD | USD | 25,300 | 25,350 | 25,690 |
| EUR | EUR | 27,113 | 27,222 | 28,332 |
| GBP | GBP | 32,375 | 32,505 | 33,465 |
| HKD | HKD | 3,217 | 3,230 | 3,337 |
| CHF | CHF | 28,307 | 28,421 | 29,315 |
| JPY | JPY | 167.41 | 168.08 | 175.30 |
| AUD | AUD | 15,771 | 15,834 | 16,354 |
| SGD | SGD | 18,764 | 18,839 | 19,380 |
| THB | THB | 739 | 742 | 774 |
| CAD | CAD | 17,376 | 17,446 | 17,952 |
| NZD | NZD | 14,357 | 14,858 | |
| KRW | KRW | 16.78 | 18.51 | |
Exchange rate developments in the domestic market
In the domestic market, according to TG&VN at 8:15 a.m. on March 17, the State Bank announced the central exchange rate of the Vietnamese Dong to the USD at 24,779 VND.
The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,591 VND - 25,967 VND.
USD exchange rates at commercial banks are as follows:
Vietcombank : 25,320 - 25,710 VND.
Vietinbank : 25,180 - 25,705 VND.
 |
| Foreign exchange rates, USD/VND exchange rate today, March 17: USD remains pessimistic. (Source: Capital) |
Exchange rate developments in the world market
The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) at 103.74.
Inflation data showed signs of cooling, which sent the greenback lower.
Specifically, the US consumer price index (CPI) increased 2.81% slower than the same period last year in February, down from the 3% increase recorded in January 2025.
Core CPI rose to 3.14% in February 2025, down from 3.29% in the previous month. The fall in inflation has raised market expectations that the US Federal Reserve will cut interest rates more than expected.
Meanwhile, data released by the US Department of Labor on March 13 showed that US producer prices were surprisingly flat in February, but the prospect of tariffs is unlikely to keep prices low in the coming months.
Vassili Serebriakov, a foreign exchange strategist at UBS in New York, said the dollar's recovery is difficult due to the impact of tariffs.
Most recently, President Donald Trump vowed to respond to the European Union's threat to impose retaliatory tariffs on US goods starting next month.
The overall picture remains bearish for the DXY index.
Meanwhile, the yield on the 10-year US Treasury bond has been stuck in a range of 4.1-4.35% for the past few weeks. If it breaks above 4.35%, the yield could rise to 4.5% in the short term.
If yields remain below 4.5%, the trend will be bearish.
On the other hand, EUR/USD could fall to 1.0780 this week. But then, the currency could resume its uptrend.
That rally would likely take the EUR to 1.10. If the currency can break above 1.10, a rally to the 1.11-1.12 zone is possible.
Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-173-dong-usd-bi-quan-eur-co-the-tiep-tuc-xu-huong-tang-307777.html
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