USD exchange rate today May 22, 2025: USD continues to decrease for 3 consecutive days

World USD exchange rate on May 22, 2025

The USD Index (DXY), which measures 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 continued to fall for a third consecutive day against many major currencies on Wednesday after US President Donald Trump failed to convince Republican lawmakers to support his massive tax bill. Markets are also closely watching the G7 finance ministers meeting in Canada, where some investors worry the US may be secretly pursuing a weak dollar policy.

Trump’s global tariff war has roiled markets for months, but this week things calmed down as a 90-day reprieve for trading partners loomed 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 USD, even as US Treasury yields continue to rise. According to analysts at Commonwealth Bank of Australia, the US is not in a “death spiral”, but the USD will weaken again by 2026 as tariff uncertainty eases and low interest rates support a global economic recovery. At the same time, large investment funds will reduce the proportion of assets priced in USD.

Moody's downgrade of the US credit rating last weekend was not a 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 $3 trillion to $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 side, with a common view that excessive volatility is undesirable. According to the MUFG strategist, if the US puts pressure on Asian countries to stop intervening to buy dollars, the dollar could fall further.

The yen rallied, pulling 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 increased demand for safe havens like the yen, Swiss franc and gold.

The pound also hit its highest level since February 2022 after UK inflation in April was higher than expected, making it difficult for the Bank of England to cut interest rates immediately. The pound rose as much as 0.58% to $1.347, while the euro also gained 0.5%, trading 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” attitude before making any policy adjustments.

Domestic USD exchange rate today

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

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 Exchange in the range of 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.