USD exchange rate today January 2, 2025: Strongest increase in 2 years
USD exchange rate today January 2, 2025: The State Bank announced the central exchange rate between Vietnamese Dong and USD maintained at 24,335 VND
USD exchange rate in the country today
At the State Bank of Vietnam, the buying and selling rates of USD also remained unchanged, remaining at 23,400 VND - 25,450 VND.
USD exchange rates at commercial banks for buying and selling are as follows:
| USD exchange rate | Buy | Sell out |
| Vietcombank | 25,221 VND | 25,551 VND |
| Vietinbank | 25,230 VND | 25,551 VND |
| BIDV | 25,349 VND | 25,551 VND |
Meanwhile, the EUR exchange rate increased slightly, currently at 24,101 VND - 26,638 VND.
EUR exchange rates at commercial banks for buying and selling are as follows:
| EUR exchange rate | Buy | Sell out |
| Vietcombank | 25,852 VND | 27,291 VND |
| Vietinbank | 26,066 VND | 27,266 VND |
| BIDV | 26,141 VND | 27,234 VND |
For the Japanese yen, the buying and selling rates remained stable at 146 VND - 162 VND.
| Japanese Yen Exchange Rate | Buy | Sell out |
| Vietcombank | 156.86 VND | 166.12 VND |
| Vietinbank | 158.69 VND | 166.44 VND |
| BIDV | 158.99 VND | 166.56 VND |
USD exchange rate today in the world
In the US market, the US Dollar Index (DXY), which measures the USD's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), remained unchanged at 108.48. This is the highest level in more than two years, reflecting the continued strength of the greenback.
In 2025, the US dollar is expected to maintain its strength thanks to the US Federal Reserve's cautious policy of cutting interest rates. The economic policies of President-elect Donald Trump also contribute to boosting inflation expectations, supporting the dollar. Although interventions from Japan or the European Central Bank (ECB) may cause volatility, the overall outlook for the greenback remains optimistic.
The DXY recently hit a two-year high and continues to rise. The monthly chart of the index shows an upward trend that has been going on since 2008. This shows that the currency market tends to be more volatile and last longer than other markets.
The U.S. economy could face challenges such as persistent inflation and new trade tariffs, Kitco said. However, the dollar is still considered a safe haven compared to other major currencies. Any geopolitical uncertainty is likely to further support the greenback.
The DXY index is currently trading at $108.48, with resistance at $108.90 and $109.35. Important support levels are at $107.97 and $107.58. A break above $108.53 could spur upside momentum, while a failure to break above this level could lead to a downside correction.
The EUR/USD pair closed the year at $1.03549, down 0.49% due to a stronger USD. The EUR resistance is at $1.03923, while the support is at $1.03101.
