USD/VND Exchange Rate Update: March 22, 2026
As of 4:30 PM on March 22, 2026, the State Bank of Vietnam maintained its central exchange rate at 25,085 VND per USD, unchanged from the previous trading session.
Commercial Bank Rates
Vietcombank is currently trading the US dollar between 26,069 and 26,339 VND/USD, a 13 VND increase in both buying and selling rates compared to the prior session.
Here’s a snapshot of rates at other key banks:
- MBV: Buying rate of 23,831 VND per USD (lowest).
- VietinBank: Buying rate of 25,940 VND per USD (lowest by transfer).
- Sacombank: Buying rate of 26,151 VND per USD (highest).
- ABBank: Buying rate of 26,261 VND per USD (highest by transfer).
- GPBank: Selling rate of 26,311 VND per USD (lowest).
- ACB Bank: Transfer selling rate of 26,320 VND per USD (lowest).
- VPBank & VRB: Selling rate of 26,339 VND per USD (highest).
- ABBank & Bao Viet: Transfer selling rate of 26,339 VND per USD (highest).
The “Black Market”
The unofficial “black market” exchange rate for the US dollar at 4:30 PM on March 22, 2026, showed a decrease of 809 VND in the buying rate and an increase of 211 VND in the selling rate from the previous trading session, fluctuating between 26,167 and 27,307 VND/USD.
Global Dollar Trends
The US Dollar Index (DXY), measuring the dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 99.65 points, up 0.42% from the previous close.
Federal Reserve Impact
The US dollar experienced slight appreciation but is still on track for a weekly decline against major currencies. This shift comes as investors reassess expectations for interest rate cuts by the Federal Reserve, influenced by concerns about potentially higher inflation due to rising energy prices.
The Euro, Yen, British Pound, and Swiss Franc are all projected to show weekly gains against the dollar as policymakers prepare for potential interest rate increases in response to geopolitical factors impacting oil and gas supplies.
Specifically:
- Euro: Down 0.25% to 1.156 USD, but expected to rise 1.3% for the week.
- Yen: Down 1% to 159.30 JPY per USD, but expected to rise 0.24% for the week.
- British Pound: Down 0.72% to 1.333 USD, but expected to rise nearly 0.84% this week.
Experts note that central banks are increasingly confident in managing inflation, particularly the Bank of England and the Bank of Japan.
This follows the Federal Reserve’s statement indicating expectations for one or two interest rate cuts in 2026, but with no current intention to lower rates.
Analysts at Bank of America Global Research suggest that market anticipation of monetary policies has led to significant price changes, with many G10 central banks anticipating rate hikes while the Fed forecasts fewer cuts in 2026. This adjustment has partially offset the dollar’s gains from rising oil prices.
Where to Exchange Currency in Vietnam
Here are some popular locations for currency exchange in Hanoi and Ho Chi Minh City:
- Hanoi: Quoc Trinh Ha Trung Gold Shop, Kim Mai Gold, Thinh Quang Gold and Silver Company, and branches of Sacombank, VietinBank, and Vietcombank.
- Ho Chi Minh City: Minh Thu Exchange, Kim Chau Gold Shop, Saigon Jewelry Center, and branches of Sacombank, VietinBank, and Vietcombank.
Did you recognize?
The “black market” exchange rate can fluctuate significantly and carries inherent risks. It’s generally recommended to leverage official banking channels for currency exchange.
Frequently Asked Questions (FAQ)
- What is the current central exchange rate? The central exchange rate is 25,085 VND per USD as of March 22, 2026.
- Where can I find the best exchange rates? Compare rates at multiple commercial banks and consider the buying/selling rates based on your transaction type (cash or transfer).
- Is the black market a safe option? The black market carries risks and is generally not recommended.
Explore more articles on Vietnamese financial markets and global currency trends for deeper insights.
