Global FX markets remain cautious as the US dollar index sits at 99.93. The index has inched away from yesterday's 99.933 reading and sits near the lower end of a short term range, while the 30 day reading around 101.195 points to a firmer longer term trend for the dollar. In this backdrop, safe haven demand and risk sentiment continue to be shaped by macro headlines and geopolitical developments. The message for the dong is limited near term volatility with most major cross rates trading within established ranges and the dollar acting as the reference for quotes across pairs.
Domestically the dong quotes against major currencies show the following indicative levels: US dollar buy 26,080 VND per USD - sell 26,460 VND per USD; Euro buy 29,750.2 VND per EUR - sell 31,005.51 VND per EUR; UK pound buy 34,709.43 VND per GBP - sell 35,821.07 VND per GBP; Swiss franc buy 31,932.42 VND per CHF - sell 32,955.12 VND per CHF; Japanese yen buy 162.64 VND per JPY - sell 172.13 VND per JPY; Australian dollar buy 18,099.38 VND per AUD - sell 18,679.05 VND per AUD; Canadian dollar buy 18,418.97 VND per CAD - sell 19,008.87 VND per CAD; Singapore dollar buy 20,148.65 VND per SGD - sell 20,835.59 VND per SGD; Hong Kong dollar buy 3,288.22 VND per HKD - sell 3,413.96 VND per HKD; Chinese yuan buy 3,830.11 VND per CNY - sell 3,952.78 VND per CNY; Indian rupee buy 273.99 VND per INR - sell 285.78 VND per INR; Swedish krona buy 2,690.79 VND per SEK - sell 2,804.89 VND per SEK; Thai baht buy 770.75 VND per THB - sell 803.43 VND per THB; Saudi riyal buy 6,955.34 VND per SAR - sell 7,254.69 VND per SAR; Kuwaiti dinar buy 84,913.53 VND per KWD - sell 89,029.31 VND per KWD; Malaysian ringgit buy 6,351.44 VND per MYR - sell 6,489.63 VND per MYR; Norwegian krone buy 2,698.1 VND per NOK - sell 2,812.51 VND per NOK; Russian ruble buy 310.96 VND per RUB - sell 344.22 VND per RUB; Danish krone buy 3,969.68 VND per DKK - sell 4,121.48 VND per DKK.
Spread analysis shows the dong tends to offer a relatively tight bid-ask for the US dollar around 380 VND, while euro and pound quotes carry broader gaps around 1,200 and 1,100 VND respectively. Other cross rates display a range of gaps from several hundred to about a thousand VND depending on liquidity and turnover in the domestic market. These patterns reflect typical liquidity dynamics where the dollar remains the anchor while cross rates vary with trading activity.
24 hour news snapshot highlights a softer USD tone in global markets according to multiple outlets. Gold coverage remains firm with local gold quotes around 142.7 million dong per tael, illustrating ongoing safe-haven demand against a backdrop of geopolitical and policy developments that continue to shape FX flows in the domestic market.
