Exchange rates on the rise: USD rising, euro and yen in comparison!

Exchange rates on the rise: USD rising, euro and yen in comparison!

On May 30, 2025, the exchange rate for the US Dollar (USD) has experienced a significant increase against the Vietnamese Dong (VND). The central exchange rate was raised by VND16 to VND24,962/USD. This means that the current USD exchange rate for commercial banks is in the range of 23,764 - 26,160 VND/USD, while on the black market the rate has increased to around 26,260 - 26,360 VND/USD. These changes show that the US dollar continues to play a significant role in the Vietnamese financial system, as shown on vietnam.vn is reported.

Among commercial banks, Vietcombank is the leader with a buying rate of VND 25,820 and a selling rate of VND 26,210, with the buying rate increasing by VND 70. VietinBank also recorded an increase in its buying rate to VND25,838 and selling for VND26,198. In comparison, the lowest selling rate remains with Techcombank, which offers USD for 26,202 VND. The changes in bank rates reflect general market developments and are an indicator of the economic situation.

Current economic developments

The economic conditions in the USA have additional effects on the exchange rate. The USD Index (DXY) fell 0.47% to 99.43, indicating recent weakness in the dollar. This comes amid a 0.2% contraction in the US economy in the first quarter of 2025 and a rise in jobless claims. Despite these economic challenges, the US Federal Reserve (Fed) has decided to keep interest rates unchanged, indicating ongoing inflation concerns.

Additionally, uncertainty over President Trump's tax plan has grown, causing further volatility in the market. The discussions in the US Congress about tax cuts and spending packages could also potentially lead to an increase in the national debt. In response, long-term U.S. Treasury yields are showing an increase, despite weak demand for 20-year bonds.

Currency Exchange Tips

There are several options for efficiently converting US dollars to Vietnamese dong. Physical exchange options include currency exchanges, banks and airports, while online services also provide a convenient alternative. To get the best exchange rates, it is advisable to use things like currency conversion tools and set up rate alerts. This can help you take advantage of cheap courses immediately, like on currencylive.com is recommended.

Additionally, travelers should bring cash in U.S. dollars to obtain suitable rates at physical exchange services. Digital payment services often offer better exchange rates and lower fees, making them an attractive option for many users. Those planning to make exchanges from VND to USD should consider the associated exchange rates and fees to minimize costs.