As of 4:00 a.m. on April 8, 2025, the central exchange rate announced by the State Bank was 24,886 VND/USD, unchanged from the previous session.

At Vietcombank, the buying rate decreased by 30 VND to 25,570 VND/USD, while the selling price remained at 25,960 VND/USD.

PVcomBank currently has the lowest USD cash purchase price, at 25,160 VND/USD. The transfer purchase price here is also the lowest, at 25,200 VND/USD. In contrast, HSBC Bank has the highest cash purchase price at 25,682 VND/USD. For transfer transactions, VietinBank is buying the highest USD at 25,984 VND/USD.

On the selling side, OCB Bank is selling USD cash at the lowest price of 25,700 VND/USD and selling by transfer at 25,720 VND/USD. Meanwhile, the highest USD selling price is recorded at PVcomBank and SCB, both at 26,050 VND/USD for both cash and transfer.

In the international market, the Dollar Index (DXY) - a measure of the strength of the USD compared to 6 other major currencies - increased slightly to 103.11 points, up 0.22 points compared to April 7.

Three-month cross-currency basis swaps, which measure foreign demand for dollars, surged to their highest levels since late 2023 for the euro and pound, and to their strongest level in five months for the yen, Reuters reported.

The euro's swap rate fell to -5.375%, its lowest since November 2023. The sharp drop reflected strong demand for dollars from investors in the euro zone, compared to 12.5% ​​just a week ago.

In addition, US President Donald Trump's continued stance on imposing large-scale tariffs has further destabilized global financial markets.

Experts at ING said it is important to monitor the EUR/USD swap rate. If it widens sharply, indicating that the market is borrowing euros at low interest rates to exchange for dollars, it would be a warning signal. In this case, the dollar could temporarily appreciate before the US Federal Reserve has to intervene.