The US dollar price in the 'black market' has risen sharply.

Foreign exchange bureaus sharply increased the buying price of USD to 24,050 VND, and bank exchange rates also reached their highest level since the beginning of the year.

On the afternoon of August 28th, foreign exchange bureaus in the market increased the buying price of USD by approximately 200 dong compared to the end of last week, reaching 24,050 dong per USD. The selling price also increased by nearly 100 dong to 24,150 dong. The difference between the buying and selling prices narrowed to 100 dong per dollar.

The buying price of USD at foreign exchange bureaus, after adjustment, is now higher than that offered by banks.

Today, the central exchange rate announced by the State Bank of Vietnam is 23,960 VND per USD, an increase of 18 VND compared to the end of last week. With a 5% margin, the USD price at commercial banks is allowed to fluctuate between 22,762 and 25,158 VND.

Based on this, banks this afternoon raised the buying and selling price of USD by 70 dong compared to earlier this morning. The current bank USD price is at its highest level in 8 months and has increased by more than 2% compared to the beginning of the year.

At Vietcombank , the buying and selling rates are quoted at 23,850 – 24,220 VND, an increase of 70 VND in both directions compared to the end of last week. The USD price at Eximbank is 23,840 – 24,260 VND.

The State Bank of Vietnam also increased the selling price of USD at the exchange by 19 dong to 25,108 dong, while keeping the buying price unchanged at 23,400 dong.

The USD Index – a measure of the dollar's strength – traded above 104 points, nearing a three-month high.

US Federal Reserve Chairman Jerome Powell warned on Friday that further interest rate hikes are still possible to curb inflation. Powell assessed that inflation has improved but remains above the Fed's "acceptable" range. He stated that the Fed will make flexible adjustments in the coming period and has not yet signaled an early easing of monetary policy. His comments caused the US dollar to strengthen sharply against a basket of currencies.

Quynh Trang

Source link: https://vnexpress.net/gia-usd-cho-den-tang-manh-4647017.html