The USD price is at its highest level ever.

Giá USD - Ảnh 1. — The US dollar has been rising continuously for the past three days - Photo: QUANG DINH

Banks raise USD prices to the maximum limit.

Today, the State Bank of Vietnam announced the central exchange rate at 25,263 VND/USD, an increase of 8 dong compared to yesterday and the highest rate ever recorded.

With a margin of +/-5%, banks are allowed to buy and sell USD at a maximum price of 26,526 VND/USD and a minimum price of 24,000 VND/USD.

The US dollar exchange rate at banks also increased sharply. VietinBank raised its selling price of USD to the maximum limit: 26,526 VND/USD - also the highest in the system. The buying price of USD at VietinBank was 26,045 VND/USD.

At Sacombank , the selling price of USD also rose close to the ceiling: 26,525 VND/USD, while the buying price was 26,265 VND/USD.

Vietcombank increased the selling price of USD to 26,520 VND/USD, up 70 VND/USD compared to yesterday, and the buying price of USD also increased to 26,140 VND/USD.

BIDV raised the selling price of USD by 40 dong, to 26,520 dong/USD, and the buying price to 26,160 dong/USD.

In the free market, the selling price of USD reached 26,649 VND/USD, and the buying price was 26,559 VND/USD. Thus, the free market USD price is 123 VND/USD higher than the bank USD price.

The US dollar has risen for three consecutive days, following the upward trend of the global dollar as investors seek refuge in the dollar amid geopolitical tensions.

Why is the USD price constantly rising?

Mr. Dinh Duc Quang, Director of Currency Trading at UOB Vietnam, believes there is a high probability that USD interest rates will remain pegged throughout the rest of 2025.

In the domestic market, this development continues to put pressure on expectations that VND interest rates will be cut to support production and business, and promote high growth in line with the government's target of GDP growth exceeding 8% in 2025.

According to Mr. Quang, high USD interest rates will continue to attract holdings of USD and USD assets in the US and around the world, thereby further complicating the implementation of monetary policies aimed at ensuring USD/VND exchange rate stability and expanding foreign exchange reserves.

"UOB's research team currently maintains the view that the State Bank of Vietnam should not adjust the policy interest rates for VND in the short term."

"We believe the State Bank of Vietnam will continue to monitor domestic macroeconomic developments, track USD interest rate trends and the impacts of the new tariff policies effective from August 1st, and then make decisions on VND interest rates," Mr. Quang said.

Previously, State Bank Governor Nguyen Thi Hong acknowledged that the exchange rate was under considerable pressure due to the combined impact of economic factors and market sentiment. These pressures and challenges, both external and domestic, are affecting monetary policy management in 2025.

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Source: https://tuoitre.vn/gia-usd-cao-nhat-tu-truoc-den-nay-20250820203834873.htm