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USD exchange rate today May 11: Domestic stable

Quoc DuongDNUM_BBZAFZCACF 04:00

USD exchange rate today May 11, 2025: The State Bank announced the central exchange rate of Vietnamese Dong to USD unchanged, currently at 24,951 VND.

World USD exchange rate on May 11, 2025

The US dollar index (DXY) has turned lower after hitting a near one-month high of 100.86, now backing down to around 100.34.

The decline reflected investor disappointment over the lackluster content of the US-UK trade deal, as well as heightened caution ahead of a key round of US-China talks in Switzerland this weekend.

Despite the announcement of the deal with the UK, US tariffs on UK goods remain at 10%, leading many analysts to label the deal as "lacking substance".

Market focus is now shifting to the US-China meeting, which is expected to partly determine the global trade situation in the coming time.

Although President Donald Trump hinted that tariffs could be reduced by 50% if cooperation improved, skepticism remains as there have been no concrete signs of progress from either side.

Meanwhile, tensions are not limited to trade. The US recently imposed sanctions on private Chinese refiners for buying oil from Iran, complicating bilateral relations and potentially affecting the weekend talks. While China still imports about 1.5 million barrels of Iranian oil a day, that number is likely to decline as US sanctions tighten.

Data showed Chinese refiners imported an average of 11.7 million barrels of oil per day in April, largely to stockpile supplies as global crude prices were low.

However, analysts at Commerzbank warn that this high level of imports is unlikely to be sustained in the long term as trade tensions and political pressures mount.

On the monetary policy front, New York Fed President John Williams stressed that keeping long-term inflation expectations stable is important for the economy.

Fed Governor Adriana Kugler also said that current interest rates remain restrictive, suggesting no near-term adjustment is likely. However, Fed policymakers also warned of downside risks from higher taxes and global uncertainty.

Currently, investors are waiting for more signals from the Fed and upcoming inflation indicators to assess whether interest rate policy can be loosened in the near future.

Meanwhile, DXY continues to face selling pressure as risks related to trade wars and international sanctions show no signs of abating.

The market will pay special attention to the results of the US-China negotiations over the weekend to determine the next trend of the greenback and global financial markets.

Tỷ giá USD hôm nay 11/5: Trong nước ổn định

Domestic USD exchange rate today

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 11, 2025 decreased by 35 VND in both directions compared to yesterday's trading session, trading around 26,375 - 26,475 VND/USD.

In the domestic market, at the beginning of the trading session on May 11, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,951 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,754 VND - 26,148 VND.

USD exchange rates at commercial banks are as follows:

USD exchange rate
Buy
Sell
Vietcombank
25,750 VND
26,140 VND
Vietinbank
25,670 VND
26,180 VND
BIDV
25,800 VND
26,160 VND

VIB Bank is buying US Dollar cash at the lowest price of 25,340 VND/USD

VIB Bank is buying US Dollar transfers at the lowest price of 25,400 VND/USD

HSBC and OCB banks are buying US Dollar cash at the highest price of 25,850 VND/USD

OCB Bank is buying US Dollar transfers at the highest price of 25,900 VND/USD

VIB Bank is selling US Dollar cash at the lowest price of 25,760 VND/USD

VIB Bank is selling US Dollar transfers at the lowest price of 25,760 VND/USD

UOB Bank is selling US Dollar cash at the highest price of 26,198 VND/USD

NCB Bank is selling US Dollar transfers at the highest price of 26,198 VND/USD

EUR exchange rates at commercial banks are as follows:

EUR exchange rate
Buy
Sell
Vietcombank
28,454 VND
30,013 VND
Vietinbank
28,510 VND
30,220 VND
BIDV
28,755 VND
30,006 VND

* The Japanese Yen exchange rate at the State Bank's exchange office has increased slightly, currently at: 163 VND - 180 VND.

Japanese Yen Exchange Rate
Buy
Sell
Vietcombank
172.61 VND
183.58 VND
Vietinbank
175.17 VND
184.87 VND
BIDV
175.11 VND
183.25 VND

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USD exchange rate today May 11: Domestic stable
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