Highest USD price ever

The selling price of USD at the end of today, August 20, reached 26,526 VND/USD - the highest ever.

USD price has increased continuously for the past three days - Photo: QUANG DINH

Banks raise USD price to ceiling

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

With a margin of +/-5%, banks can buy and sell USD at the highest price of 26,526 VND/USD and the lowest price of 24,000 VND/USD.

USD prices at banks also increased sharply. VietinBank increased the USD selling price to the ceiling: 26,526 VND/USD - also the highest price in the system. The USD buying price at VietinBank is at 26,045 VND/USD.

At Sacombank , the USD selling price also reached the ceiling: 26,525 VND/USD, the buying price was at 26,265 VND/USD.

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

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

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

The USD price has increased for three consecutive days following the increase in the world USD price as investors seek USD as a safe haven amid geopolitical tensions.

Why does the USD price keep increasing?

Mr. Dinh Duc Quang - Director of Currency Trading at UOB Vietnam Bank - commented that the possibility that USD interest rates could continue to be anchored throughout the remaining months of 2025 is quite high.

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

According to Mr. Quang, high USD interest rates will also continue to attract holdings of USD and USD assets in the US and around the world, thereby continuing to cause difficulties in implementing monetary policies to ensure stable USD/VND exchange rate and expand foreign exchange reserves.

"UOB Research Group currently holds the view that the State Bank will not temporarily adjust VND policy interest rates in the short term.

We believe that the State Bank will continue to monitor domestic macroeconomic developments, monitor USD interest rate trends and impacts from the new tariff policy effective from August 1, from which it will make decisions on VND interest rates," said Mr. Quang.

Previously, State Bank Governor Nguyen Thi Hong admitted that the exchange rate is under considerable pressure, due to the dual impact of economic factors and market psychology. Pressures and challenges from both outside and inside the country are affecting monetary policy management in 2025.

PINK LIGHT

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