Euro exchange rate today 5/13/2025: World drops sharply
Euro exchange rate today 5/13/2025: Euro drops sharply after US-China trade deal and ECB may consider cutting interest rates at upcoming meeting
EUR/USD world exchange rate today 5/13/2025
EUR/USD is falling sharply again after the previous session's rally, currently trading around 1.1121
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The euro came under pressure after European Central Bank (ECB) official Olli Rehn said the ECB could consider cutting interest rates at its upcoming meeting if further forecasts confirm deflationary trends and a slowing economy.
However, the pair still received some support from positive developments in trade negotiations between the US and China in Geneva, with both sides saying they had made “significant progress” after two days of work.
Chinese Vice Premier He Lifeng called it an “important first step” in stabilizing relations between the two countries. US Treasury Secretary Scott Bessent agreed, highlighting the positive signals from this round of dialogue.
Markets are closely watching the US response to the European Commission’s latest move. On Thursday, the EU launched a public consultation on imposing tariffs on up to €95 billion worth of US imports, in case trade talks with the US collapse.
Meanwhile, the US economy still faces many uncertainties. Some Federal Reserve officials have warned of the risk of “stagflation.” Governor Michael Barr noted that imposing more tariffs could disrupt supply chains, causing higher inflation, while slowing growth and increasing unemployment. In that context, investors remain cautious because the risk of escalating trade tensions could continue to put pressure on the US economy.
Domestic Euro exchange rate today 5/13/2025
The Euro exchange rate at the State Bank's exchange office is stable, currently at: 26,640 VND - 29,444 VND.
In the "black market", the black market Euro exchange rate as of 4:30 a.m. on May 13, 2025 was trading around 29,260 VND/EUR.
EUR exchange rates at commercial banks are as follows:
| EUR exchange rate | Buy | Sell |
| Vietcombank | 28,100 VND | 29,640 VND |
| Vietinbank | 28,510 VND | 30,220 VND |
| BIDV | 28,467 VND | 29,705 VND |
VIB Bank is buying Euro cash at the lowest price of 27,196 VND/EUR
VietBank is buying Euro transfers at the lowest price of 25,833 VND/EUR
SHB Bank is buying Euro cash at the highest price of 29,466 VND/EUR
SHB Bank is buying Euro transfers at the highest price of 29,466 VND/EUR
VIB Bank is selling Euro cash at the lowest price of 28,279 VND/EUR
VIB Bank is selling Euro transfers at the lowest price of 28,179 VND/EUR
OCB Bank is selling Euro cash at the highest price of 30,628 VND/EUR
OCB Bank is selling Euro transfers at the highest price of 30,528 VND/EUR
