USD exchange rate today May 15, 2025: Sharp decrease

World USD exchange rate on May 15, 2025

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

This development reminded the market of the fluctuations at the beginning of the month, when the Taiwan dollar (TWD) increased sharply against the USD. At the same time, the US CPI data for April showed that inflationary pressures were easing, thereby 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 USD.

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

Only two Fed officials spoke on Wednesday. Vice Chairman Philip Jefferson said the Fed's current policy is well positioned to respond to inflation surprises. But he also acknowledged that there are still many uncertainties and it is difficult to be certain that inflationary pressures will be temporary.

San Francisco Fed President Mary Daly participates in a panel discussion at the California Bankers Association Annual Meeting to share more about the monetary policy outlook.

In financial markets, US stocks are recovering, benefiting from the new agreements that Mr. Trump brought back from his trip to the Middle East. However, caution remains due to fluctuations related to inflation.

The CME FedWatch tool shows the probability of the Fed cutting interest rates at the June meeting is only 8.2%. Further, the probability of interest rates being adjusted down by July 30 is 38.6%.

The yield on the 10-year US government bond is currently trading steady around 4.48%, as investors continue to weigh economic data and policy guidance for 2025.

Domestic USD exchange rate today

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

In the domestic market, at the beginning of the trading session on May 15, the State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 24,973 VND, unchanged from yesterday.

* The reference exchange rate at the State Bank's transaction office for buying and selling remains unchanged, currently at: 23,775 VND - 26,171 VND.

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

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 Bank is buying US Dollar cash at the highest price of 25,846 VND/USD

HSBC Bank is buying US Dollar transfers at the highest price of 25,846 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

Saigonbank is selling US Dollar cash at the highest price of 26,220 VND/USD

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

* The Euro exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 26,556 VND - 29,351 VND.

* The Japanese Yen exchange rate at the State Bank's buying and selling exchange center increased slightly, currently at: 161 VND - 178 VND.