USD "inferior" in currency basket

Foreign exchange rates, USD/VND exchange rate today March 7, Yen and Swiss Franc increased, while USD decreased compared to most other currencies.

Updated table of foreign exchange rates - USD exchange rates of Agribank today

1. Agribank - Updated: March 7, 2025 08:00 - Time of website supply source
Foreign currency		Buy		Sell
Name	Code	Cash	Transfer
USD	USD	25,275	25,290	25,630
EUR	EUR	26,921	27,029	28,135
GBP	GBP	32,179	32,308	33,306
HKD	HKD	3,210	3,223	3,330
CHF	CHF	27,972	28,084	28,977
JPY	JPY	166.60	167.27	174.59
AUD	AUD	15,814	15,878	16,399
SGD	SGD	18,760	18,835	19,377
THB	THB	737	740	773
CAD	CAD	17,444	17,514	18,024
NZD	NZD		14,341	14,841
KRW	KRW		16.88	18.63

Exchange rate developments in the domestic market

In the domestic market, according to TG&VN at 7:45 a.m. on March 7, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD decreased by 12 VND, currently at 24,738 VND.

The reference USD exchange rate at the State Bank's Transaction Office is listed at: 23,552 VND - 25,924 VND.

USD exchange rates at commercial banks buying and selling are as follows:

Vietcombank : 25,270 - 25,660 VND.

Vietinbank : 25,170 - 25,750 VND.

Foreign exchange rates, USD/VND exchange rate today, March 7: USD 'inferior' in the currency basket. (Source: Getty Images)

Exchange rate developments in the world market

The US Dollar Index (DXY) measures the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 1.12% to 104.19.

The yen and Swiss franc rose, while the dollar fell against most other currencies.

Specifically, the USD fell 0.6% to 147.96 Yen. Compared to the Swiss Franc, the USD fell to a three-month low of 0.8825 franc and closed the trading session down 0.8% to 0.8838.

The USD also weakened against the CAD and NZD.

Investors are worried about the potential impact of large tariffs from President Donald Trump's administration on the US economy.

Eugene Epstein, head of North American trading at Moneycorp in New Jersey, said many US businesses rely on imports and exports, so if trade figures decline, it could have a negative impact on the world's largest economy.

In a contrasting development, the euro hit a four-month peak against the dollar, after the European Central Bank (ECB) cut interest rates for the sixth time in nine months as expected, but revised up its short-term inflation forecast.

The common European currency rose to its highest since November at $1.0854, before falling to $1.0784.

The euro has gained about 4% this week, its biggest weekly gain since March 2020.

On March 6, the ECB raised its inflation forecast to 2.3% this year for the eurozone.

A major concern for investors is the impact of Germany's massive spending plans on the ECB's monetary policy. In a press conference after the rate decision, ECB President Christine Lagarde said the spending proposals would boost European growth.

Source: https://baoquocte.vn/ty-gia-ngoai-te-ty-gia-usdvnd-hom-nay-73-usd-lep-ve-trong-ro-tien-te-306618.html