Foreign exchange rates today, December 25th: USD stable, JPY slightly higher.
The central exchange rate for USD/VND on December 25th was maintained by the State Bank of Vietnam at 25,146 VND. On the global market, the USD fluctuated slightly amidst low trading volumes ahead of the holiday.
Domestic exchange rates on December 25th
On the morning of December 25th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong (VND) against the US Dollar (USD) at 25,146 dong, unchanged from the previous session.
The US Dollar Index (DXY), which measures the strength of the greenback against six other major currencies, recorded a slight increase of 0.02% to 97.96 points early this morning.
USD exchange rate
At the State Bank of Vietnam's exchange floor, the buying and selling rates of the USD remained unchanged, listed at 23,939 VND - 26,353 VND.
The USD exchange rates at commercial banks are listed as follows:
EUR exchange rate
At the State Bank of Vietnam's exchange floor, the EUR buying and selling rates increased, currently standing at 28,183 VND - 31,149 VND.
The EUR exchange rates at commercial banks are listed as follows:
JPY exchange rate
At the State Bank of Vietnam's exchange floor, the Japanese yen (JPY) buying and selling rates remain unchanged, currently at 153 dong - 169 dong.
The JPY exchange rates at commercial banks are listed as follows:
Global market developments
On the international market, the US dollar is fluctuating within a narrow range and is trending towards its sharpest annual decline since 2017. Analysts predict that the currency may continue to weaken next year due to the possibility of the US Federal Reserve (Fed) further easing monetary policy in 2026.
In the latest trading session, the Euro (EUR) fell 0.14% to $1.1778/EUR, while the British Pound (GBP) dropped 0.13% to $1.3498/GBP. Traders are pricing in the likelihood of the Fed implementing two 25-basis-point interest rate cuts over the next year.
The Japanese Yen has risen again.
The Japanese yen rose 0.25% against the US dollar, reaching 155.84 yen/USD. This increase followed strong warnings from Japanese officials about the possibility of intervening in the foreign exchange market to prevent excessive depreciation of the yen.
Although the Bank of Japan (BoJ) raised interest rates last week, the move was anticipated by the market. Recent statements by Finance Minister Satsuki Katayama have limited the currency's decline, especially amid low trading volumes at the end of the year.
