USD exchange rate on October 14, 2025: Slight increase globally.
USD exchange rate on October 14, 2025: Slightly increased in both domestic and international markets. This is due to cautious investor sentiment amid US-China trade tensions.
Domestic USD exchange rate on October 14, 2025
The State Bank of Vietnam announced the central exchange rate between the Vietnamese Dong and the US Dollar at 25,114 VND/USD, a slight increase of 2 dong compared to yesterday.
At the State Bank of Vietnam's exchange floor, the reference exchange rate is listed at 23,909 VND/USD (buying) and 26,319 VND/USD (selling).
In the commercial banking system, the USD exchange rate tended to adjust slightly. Asia Commercial Bank (ACB) increased the buying rate by 10 dong and the selling rate by 2 dong, to 26,150 – 26,369 VND/USD.
Sacombank made a mixed adjustment, lowering the buying price by 8 dong but increasing the selling price by 2 dong, listing the rates at 26,151 – 26,369 VND/USD.
HSBC offered the highest buying rate in the market, increasing by 15 dong for buying and 2 dong for selling, reaching 26,231 – 26,368 VND/USD.
In the free market, the USD is trading at 26,830 VND/USD (buying rate) and 26,930 VND/USD (selling rate), unchanged from yesterday.
Global USD exchange rate on October 14, 2025
On the global market, the USD Index (DXY) – a measure of the strength of the USD against six major currencies – rose slightly to 99.25 points at 7:30 AM (Vietnam time).
The US dollar strengthened against several major currencies as positive signals from Washington indicated that US-China trade tensions were trending towards easing.
The euro-USD exchange rate reached 1.1574, up 0.03%; the British pound-USD rose 0.06% to 1.3341; while the USD against the Japanese yen increased 0.03% to 152.33. Notably, the USD rose 0.61% against the Swiss franc, indicating that capital continues to flow into the greenback as a safe haven amid global uncertainty.
According to financial experts, the main driver behind the USD's recovery was President Donald Trump's more conciliatory statements regarding trade tensions with China.
Previously, Trump's threat to impose a 100% tariff on Chinese goods caused a temporary drop in the USD, reminiscent of the sharp fluctuations in April 2025.
US Treasury Secretary Scott Bessent confirmed that President Trump still plans to meet with President Xi Jinping in South Korea in late October to discuss easing trade tensions, particularly issues related to tariffs and export controls.
If this meeting goes well, the USD could maintain its strength in the short term due to expectations that the US economy will be less affected by trade tensions.
Foreign exchange expert Thierry Wizman believes that developments in the US-China trade relationship will have a direct impact on the interest rate policy of the US Federal Reserve (Fed).
If the risk of new tariffs remains high at the end of October, the Fed may delay interest rate cuts at the Federal Open Market Committee (FOMC) meeting. He suggested that, given the stable US inflation, the Fed would be more cautious and might make a "hawkish" decision, meaning slowing the pace of monetary policy easing.
Experts predict that the US dollar may continue to maintain its strong position in the short term, especially as global investors continue to seek safe havens amid geopolitical instability.
However, if the meeting between the US and China yields positive results, trade tensions will ease, and upward pressure on the USD could lessen, giving way to stability for other currencies such as the euro and the Japanese yen.
Domestically, the USD/VND exchange rate is forecast to remain stable around 26,300 – 26,400 VND/USD, as the State Bank of Vietnam continues to proactively regulate the supply and demand of foreign currency, ensuring market liquidity and controlling inflation in the final months of the year.
