Foreign exchange rate update table - USD exchange rate Agribank today

Exchange rate developments in the domestic market

In the domestic market, according to the World and Vietnam Newspaper at 8:00 a.m. on April 29, the State Bank announced the central exchange rate of the Vietnamese Dong at 24,898 VND.

The reference USD exchange rate at the State Bank of Vietnam is listed at: 23,751 VND - 26,145 VND.

USD exchange rates at commercial banks are as follows:

Vietcombank: 25,850 - 26,195 VND.

Vietinbank: 25,670 - 26,195 VND.

Foreign exchange rates, USD/VND exchange rate today, April 29: USD is heading for the biggest monthly decline since July 2024. (Source: Shutterstock)

World market developments

The US Dollar Index (DXY) measuring the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased by 0.53% to 98.94.

The dollar slipped across the board as cautious investors awaited more news on U.S. trade policy and braced for a week of key economic data.

In afternoon trading, the US dollar fell 1.1% against the Japanese yen to 142.10, marking its biggest one-day drop since April 10.

The euro also rose against the greenback, up 0.5% to $1.1419.

USD headed for biggest monthly drop since July last year.

Meanwhile, the euro is on track for its biggest monthly gain against the dollar in nearly 15 years. The greenback trimmed its monthly losses against both the euro and the yen late last week amid positive developments in US-China relations.

The Trump administration has signaled openness to reducing tariffs, and China has exempted some imports from its 125% tariff.

However, while Mr Trump has insisted there has been progress and he has spoken to President Xi Jinping, China has denied trade talks are taking place.

Top US trading partners have made very good proposals to avoid US tariffs and one of the first deals to be signed could be with India, US Treasury Secretary Scott Bessent said on April 29.

Investors are also awaiting the US April jobs report, due later this week.

US Federal Reserve (Fed) officials including Fed Chairman Jerome Powell have indicated that they would be ready to cut interest rates if there were risks that hinder economic growth.

The US will also release first-quarter gross domestic product (GDP) data - the Fed's inflation gauge - and core PCE this week, while preliminary GDP and inflation figures are also due in Europe.

Elsewhere, the euro fell 0.4% against the pound to 85.03, following a widespread power outage in Spain earlier in the week.