Euro exchange rate today May 27, 2025: Euro wants to become a real counterweight to the USD

Domestic Euro exchange rate today May 27, 2025

* The euro exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 27,001 VND - 29,843 VND.

Survey at 4:30 on the black market, the euro was traded around 29,617 VND/EUR, a slight increase compared to yesterday.

At 4:30 a.m. today, May 27, the euro exchange rate at domestic commercial banks recorded a strong increase in both buying and selling directions.

Vietcombank raised the Euro buying price to 28,728 VND and selling price to 30,302 VND, up 125 VND and 132 VND respectively compared to the previous session.

VietinBank kept the exchange rate unchanged from the previous session, standing still at 28,631 (buy) and 30,341 (sell) - the highest selling rate in the table.

BIDV increased the most in the Big4 group, with buying price up to 29,054 VND and selling price 30,316 VND, up 150 VND (buy) and 155 VND (sell).

Techcombank slightly adjusted with an increase of 18 VND in buying and 3 VND in selling, trading at 28,869 - 30,167 VND.

Eximbank has a significant increase: 137 VND for buying and 142 VND for selling, currently at 29030 - 30027 VND.

Sacombank increased slightly by 38 VND (buy) and 37 VND (sell), trading at 29,142 - 30,014 VND.

HSBC led the day's upward adjustment, with an increase of 226 VND (buy) and 235 VND (sell), to 28,995 - 30,120 VND.

World EUR/USD exchange rate today May 27, 2025

On the international market, the euro recorded at 4:30 a.m. trading at 1.1380 USD/EUR, a slight increase compared to the closing price yesterday (May 26).

In Berlin, European Central Bank (ECB) President Christine Lagarde said that the euro has the potential to become a real rival to the US dollar. However, that will only happen if the European Union (EU) significantly improves its financial and security architecture.

Ms Lagarde said that although the US dollar is currently weakening in influence, accounting for only 58% of global foreign exchange reserves, the lowest level in decades. But the euro has not yet been able to take advantage of this opportunity. The reason is that the European financial system is incomplete, lacking deep integration and EU governments are not ready to promote reform.

“The global opportunity for the euro” is opening up, she said, but the euro will not automatically take over; it will have to prove itself. To do that, Europe needs to build deeper and more liquid capital markets, strengthen its legal foundations, and combine open trade with a credible security posture.

Ms. Lagarde stressed that investors, especially official institutions such as central banks, need not only economic stability but also geopolitical reassurance. They tend to trust regions with clear alliances and sufficient military strength to protect strategic commitments.

Another step would be to make the euro the main currency for international trade settlements. This could be achieved through new trade agreements, improved cross-border payment systems and currency swap arrangements with the ECB.

However, according to Ms. Lagarde, the biggest challenge lies within: European capital markets are still fragmented, inefficient and lack safe assets attractive enough to attract global investors.

She proposed that pooling funds for public purposes should be stepped up, something that has been a sensitive subject, especially for Germany, which fears taking on debt for countries that spend undisciplinedly.

If successful, boosting the euro’s global role would bring huge benefits to the EU, from attracting investment and reducing borrowing costs to reducing the risk of exchange rate fluctuations and increasing its ability to defend itself against international sanctions.