USD exchange rate today, May 15, 2025: Sharp decline

Global USD exchange rate on May 15, 2025

The US Dollar Index (DXY), which tracks the value of the USD against a basket of currencies, edged lower to 100.82. This decline came after the US released weaker-than-expected inflation data and confirmed that the US and South Korea had held discussions regarding currency issues, according to Bloomberg.

This development reminded the market of the volatility earlier this month, when the New Taiwan Dollar (TWD) strengthened significantly against the US Dollar. At the same time, US CPI data for April showed easing inflationary pressures, increasing expectations that the Federal Reserve (Fed) would soon cut interest rates. This narrowed the interest rate differential between the US and other countries, putting further downward pressure on the value of the US Dollar.

President Donald Trump also expressed positive hopes for a breakthrough in negotiations between Russia and Ukraine, scheduled for Thursday.

On Wednesday, only two Fed officials made statements. Vice Chairman Philip Jefferson said the Fed's current policy is properly positioned to respond to unexpected fluctuations in inflation. However, he also acknowledged that there is still much uncertainty and it is difficult to be certain that inflationary pressures will be only temporary.

San Francisco Fed President Mary Daly participated in a discussion at the California Bankers Association's annual meeting to share more about the monetary policy outlook.

In financial markets, US stocks are recovering, benefiting from new deals brought about by Trump's trip to the Middle East. However, caution remains due to volatility related to inflation.

The CME FedWatch interest rate tracker shows the probability of the Fed cutting interest rates at its June meeting at only 8.2%. Furthermore, the probability of a rate cut on July 30th is 38.6%.

The yield on 10-year US Treasury bonds is currently trading steadily around 4.48%, as investors continue to weigh economic data and policy directions for 2025.

Domestic USD exchange rate today

In the "black market," the black market USD exchange rate as of 4:30 AM on May 15, 2025, increased sharply in both directions compared to yesterday's trading session, trading around 25,633 - 25,760 VND/USD.

On the domestic market, at the start of trading on May 15th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,973 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank of Vietnam's exchange floor remains unchanged, currently at: 23,775 VND - 26,171 VND.

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

VIB Bank is buying US dollar cash at a minimum rate of 25,340 VND/USD.

VIB Bank is buying US dollar transfers at a minimum rate of 25,400 VND/USD.

HSBC Bank is buying US dollar cash at the highest rate of 25,846 VND/USD.

HSBC Bank is buying US dollar transfers at the highest rate of 25,846 VND/USD.

VIB Bank is selling US dollar cash at a minimum rate of 25,760 VND/USD.

VIB Bank is selling US dollar transfers at a minimum rate of 25,760 VND/USD.

Saigonbank is selling US dollar cash at a maximum rate of 26,220 VND/USD.

NCB Bank is selling US dollar transfers at a maximum rate of 26,198 VND/USD.

* The Euro exchange rate at the State Bank of Vietnam's exchange desk has slightly increased, currently standing at: 26,556 VND - 29,351 VND (buying rate - selling rate).

* The Japanese Yen exchange rate at the State Bank of Vietnam's exchange desk increased slightly, currently standing at 161 VND - 178 VND (buying rate - selling rate).