USD exchange rate at bank
Central exchange rate: State Bank announced at 24,334 VND/USD, up 2 VND compared to January 3.
At Vietcombank: 25,220 - 25,550 VND/USD (buy - sell).
At BIDV: 25,250 - 25,550 VND/USD.
Euro and other currencies exchange rates
Euro:
At Vietcombank: 25,477 - 26,874 VND (buy - sell).
At BIDV: 25,489 - 26,895 VND.
The Euro fell sharply, now at its lowest level in more than two years, with the trend continuing to be under pressure from the USD.
Japanese Yen:
At Vietcombank: 156.20 - 165.28 VND.
At BIDV: 157.39 - 165.55 VND.
The yen rose slightly but remained near a five-month low, facing pressure from the US-Japan interest rate differential.
British Pound (GBP):
At Vietcombank: 30,717 - 32,022 VND.
At BIDV: 31,156 - 32,068 VND.
The pound continued to fall, losing 1.6% over the past week on the prospect of a UK interest rate cut.
Trend analysis and investment suggestions
USD: The USD continued to be supported by the 10-year bond yield reaching 4.593%. The USD Index remained at 109.18, recording a strong increase of 1.1% over the past week. Uncertainty over President-elect Donald Trump's policies also strengthened the USD's safe-haven status.
Importing businesses should lock in foreign currencies early to limit the risk of USD price increases.
Exporters can take advantage of the high USD level to increase foreign exchange profits.
Euro: The euro is under pressure from expectations of faster rate cuts than the Fed, with cuts expected to reach 113 basis points in 2025. Geopolitical factors and sluggish economic growth continue to weigh on the currency.
Closely monitor policy signals from the ECB and Fed to develop appropriate trading strategies.
Japanese Yen: The Yen remains weak, despite a slight increase from its lows. The US-Japan interest rate differential remains the main factor preventing the Yen from recovering strongly.
Investors should watch for intervention from the Japanese government if the Yen weakens beyond 160.
Expert opinion
The dollar will continue to outperform thanks to high yields and a stable U.S. economy, according to Charu Chanana, chief strategist at Saxo. Meanwhile, Kyle Rodda of Capital.com predicts that the euro and the pound could face further pressure from U.S. trade policy and slowing growth in Europe.
In addition, Fawad Razaqzada from City Index commented that the Yen could recover this year if the Bank of Japan raises interest rates or makes strong intervention moves.
Note: The article updates data from the market and forecasts from major financial institutions, for investment reference only. See other articles about exchange rates HERE.
