President Trump imposes 10% tax on all imports, Vietnam bears 46%
03-04-2025
USD exchange rate today 01/04/2025 on the world market
The Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.18 – up 0.14 points compared to March 31, 2025.
According to data from Clarus, a company of the ION group specializing in derivatives research, EUR/USD options trading volume in the over-the-counter (OTC) market increased by 104% in January, to 852 billion USD compared to the same period in 2024.
Complex strategies such as digital options and barrier options — contracts that become effective only when a currency hits a certain price threshold — more than doubled in the euro to $26 billion in January. In the Canadian dollar, that number jumped more than 2,000% to $7.3 billion, according to Clarus data.
At derivatives exchange CME Group, trading volume is up 76% from a year ago, with an average of $7 billion in notional value traded electronically each day. CME also recorded a record open interest in foreign-exchange options, topping 1.2 million contracts on March 5.
Meanwhile, expectations for foreign-exchange volatility come after volatility measures have declined since January, partly due to profit-taking and because tariffs have so far not had the impact that markets feared. Volatility indices had already spiked following Donald Trump’s victory in the US election last year.
A measure of short-term volatility for the euro has fallen from a near two-year high set in January, according to LSEG data, creating an attractive entry point for investors looking to hedge risk.
The drop in volatility has significantly reduced the cost investors need to pay to open new options positions, whether to hedge their portfolios or to speculate on specific scenarios.
According to LSEG data, three-month EUR/USD options, at-the-money, are now worth 16% less than they would have paid when Trump took office. Similarly, three-month USD/CAD options are down 17% in value.
With the extent of tariffs still unclear, investors see potential risks ahead, making the recent decline in FX options a positive.
“A lot of market participants still see a lot of risk from unexpected events, which is understandable in the current political environment,” Vassallo said, referring to risks that could trigger major market volatility.
The greenback fell as traders weighed the tough tariffs that US President Donald Trump is expected to announce this week.
USD exchange rate today 01/04/2025
At the time of survey at 4:00 a.m. on April 1, the central exchange rate at the State Bank was 24,837 VND/USD, down 6 VND compared to yesterday’s trading session.
Specifically, at Vietcombank, the USD exchange rate was 25,350 – 25,740 VND/USD, down 20 VND in both directions, compared to yesterday’s trading session.
VietBank is buying USD cash at the lowest price: 1 USD = 23,630 VND
VietBank is buying USD transfers at the lowest price: 1 USD = 23,630 VND
PVcomBank is buying USD cash at the highest price: 1 USD = 25,505 VND
VietinBank is buying USD transfers at the highest price: 1 USD = 25,723 VND
ABBank is selling USD cash at the lowest price: 1 USD = 25,680 VND
VietBank is selling USD transfers at the lowest price: 1 USD = 25,600 VND
PVcomBank is selling USD cash at the highest price: 1 USD = 26,075 VND
LPBank, OceanBank are selling USD transfers at the highest price: 1 USD = 25,900 VND
