USD exchange rate today 5/22/2025: USD continues to decrease for 3 consecutive days

World USD exchange rate on May 22, 2025

The USD Index (DXY), a measure of the greenback's strength against other major currencies, was trading at 99.52 (down 0.51%) as of 4:30 a.m. (Vietnam time).

The dollar fell for a third straight day against a basket of major currencies on Wednesday after President Donald Trump failed to convince Republican lawmakers to back his sweeping tax bill. Markets are also closely watching a G7 finance ministers meeting in Canada, where some investors are concerned the U.S. may be secretly pursuing a weak dollar policy.

Trump’s global tariff war has roiled markets for months, but this week things have calmed down as a 90-day reprieve for trade partners looms without a new deal. While the White House has expressed a desire to restore trade stability, talks with Japan and South Korea have lost momentum.

The combination of these factors continues to put pressure on the dollar, even as US Treasury yields continue to rise. The US is not in a “death spiral,” but the dollar will weaken again by 2026 as tariff uncertainty eases and low interest rates support a global economic recovery, according to analysts at Commonwealth Bank of Australia. At the same time, large investment funds will reduce their exposure to dollar-denominated assets.

Moody's downgrade of the US credit rating last weekend was not a major shock but added to concerns about US assets. The dollar has fallen against all major currencies this year. The tax bill that Mr Trump is pushing could add between $3 trillion and $5 trillion to the national debt, while the US economy faces concerns about slowing growth and high inflation.

Goldman Sachs said that while tariffs are lower now, they remain high and the risk of a US recession has not disappeared. The upcoming 20-year bond issuance is expected to be a gauge of demand for long-term US debt.

Outside the US, Japan’s finance minister said he would discuss the exchange rate issue with the US, with a shared view that excessive volatility is undesirable. If the US pressures Asian countries to stop intervening to buy dollars, the dollar could fall further, according to the MUFG strategist.

The yen rallied, dragging USD/JPY down 0.6% to 143.595 yen, partly due to rising Japanese bond yields. In addition, CNN reports of Israel preparing to attack Iran's nuclear facilities also boosted demand for safe havens like the yen, Swiss franc and gold.

The pound also hit its highest level since February 2022 after UK inflation rose more than expected in April, making it unlikely the Bank of England will cut interest rates soon. The pound rose as much as 0.58% to $1.347, while the euro also gained 0.5% to trade around $1.1342.

Fed officials continued to express concerns about the impact of Mr Trump’s trade policies on the economy, saying they would take a “wait and see” stance before making any policy adjustments.

Domestic USD exchange rate today

The central exchange rate today (May 22) was reduced by 6 VND by the State Bank to 24,962 VND/USD compared to yesterday's listed rate.

Applying a 5% margin, the current USD exchange rate that commercial banks are allowed to trade is from 23,764 - 26,160 VND/USD.

The reference buying and selling exchange rate is also kept by the State Bank of Vietnam at 23,764 - 26,160 VND/USD.

In the "black market", the black market USD exchange rate as of 4:30 a.m. on May 22, 2025 decreased by 20 VND in buying and 10 VND in selling compared to yesterday's trading session, trading around 26,320 - 26,430 VND/USD.

Most banks kept the USD buying and selling rates unchanged or only slightly adjusted them compared to the previous session. VietinBank reduced the buying rate by 140 VND/USD, but the selling rate only increased slightly by 10 VND/USD.

On the buying side, Sacombank listed the highest price at 25,790 VND/USD, while VietinBank listed the lowest at 25,640 VND/USD.

On the selling side, Eximbank has the highest selling price (26,180 VND/USD), the remaining banks fluctuate around 26,140 - 26,150 VND/USD.