The free market USD exchange rate has risen sharply, nearly reaching 26,000 VND.
As of June 24th, foreign exchange bureaus in the free market continued to raise the price of the US dollar compared to the end of last week.
In Ho Chi Minh City, the free market USD exchange rate increased by 20 dong, reaching 25,840 - 25,920 dong (buying - selling).
In Hanoi , some places have raised the price to 25,850 - 25,950 VND (buying - selling).
Despite falling US Treasury yields, the US dollar continues to strengthen in international markets, with the USD Index – a measure of the dollar's strength – rising over the past two weeks, currently hovering around 105.65 points.
The domestic USD exchange rate continues to rise.
At the start of trading on June 24th, the State Bank of Vietnam announced the central exchange rate of the Vietnamese Dong against the US Dollar at 24,256 VND. At commercial banks, the buying and selling rates for the US Dollar are currently as follows:
The USD exchange rate at Vietcombank is currently in the range of 25,218 - 25,468 VND.
The USD exchange rate at VietinBank is currently in the range of 25,251 - 25,468 VND.
The USD exchange rate at BIDV is currently in the range of 25,251 - 25,468 VND.
In a recent analysis report, ACBS Securities Company predicted that the Federal Reserve's late and much lower interest rate cut compared to the beginning of the year will make the USD/VND exchange rate a persistent issue. Furthermore, this pressure could intensify during the summer as the trade balance shifts towards a deficit in preparation for year-end production, business activities, and exports.
Source: https://laodong.vn/kinh-doanh/gia-usd-cho-den-vot-tang-sat-nguong-26000-dong-1357046.ldo
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