USD exchange rate today 08/04/2025

The currency market on Monday began to show signs of tension after a strong sell-off engulfed global stock markets, pushing various measures of USD demand to multi-month highs.

USD exchange rate today 08/04/2025

At the time of survey at 4:00 a.m. on April 8, the central exchange rate at the State Bank was 24,886 VND/USD, unchanged from yesterday’s trading session.

Specifically, at Vietcombank, the USD exchange rate was 25,570 – 25,960 VND/USD, down 30 VND in the buying direction and unchanged in the selling direction, compared to yesterday’s trading session.

PVcomBank is buying USD cash at the lowest price: 1 USD = 25,160 VND

PVcomBank is buying USD transfers at the lowest price: 1 USD = 25,200 VND

HSBC is buying USD cash at the highest price: 1 USD = 25,682 VND

VietinBank is buying USD transfers at the highest price: 1 USD = 25,984 VND

OCB Bank is selling USD cash at the lowest price: 1 USD = 25,700 VND

OCB Bank is selling USD transfers at the lowest price: 1 USD = 25,720 VND

PVcomBank, SCB are selling USD cash at the highest price: 1 USD = 26,050 VND

SCB is selling USD transfers at the highest price: 1 USD = 26,050 VND

USD exchange rate today, April 8, 2025 on the world market

The Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 103.11 – up 0.22 points compared to April 7, 2025.

Three-month cross-currency basis swaps, a derivative that reflects demand for dollars outside the United States, jumped to their strongest since late 2023 against the euro and sterling, Reuters reported.

While for the Japanese yen, it was the strongest in five months. The euro’s three-month cross-currency basis swap rate hit -5.375%, its lowest since November 2023. A larger negative figure indicates increased demand for dollars from investors based in the euro zone. A week ago, the swap rate was 12.5%.

US President Donald Trump showed no signs of backing down over the weekend from the wide-ranging tariffs he announced last week, sending shockwaves through global markets.

“Keep a close eye on the EUR/USD three-month cross-currency basis swap rate. Any sharp widening in favour of the USD (i.e. the interbank market is willing to lend euros in the swap market at below market rates to secure USD funding) would be a sign of trouble and could temporarily push the USD higher before the Federal Reserve is forced to intervene,” ING analysts said in a note.