At the end of the trading week (May 30), the central exchange rate was listed by the State Bank at 24,978 VND/USD, up 16 VND compared to the previous trading session and officially reaching a historical high. Overall, the central exchange rate increased by 18 VND compared to the end of last week and increased by 22 VND in May.
With a 5% amplitude, the ceiling and floor exchange rates are 26,226 VND/USD and 23,729 VND/USD, respectively. Meanwhile, at the State Bank of Vietnam, the reference exchange rate is currently at 23,780 VND/USD (buy) and 26,176 VND/USD (sell).
The record exchange rate movement also happened similarly at major commercial banks, pushing the selling price up to 26,210 VND/USD. Accordingly, major banks listed the exchange rate at 25,820 - 26,210 VND/USD (buy - sell). At the group of private commercial banks, units listed the greenback trading price at 25,760 - 26,210 VND/USD (buy - sell), an increase of 70 VND compared to the previous session.
Mid-sized banks also increased the trading price of this foreign currency by 30-70 VND, with the buying price fluctuating around 25,650 VND/USD, and the selling price at 26,200 VND/USD.
On the free market, some foreign currency exchange points in Hanoi this morning also accepted buying and selling this foreign currency at 26,260-26,360 VND/USD, an increase of 20 VND each way.
USD exchange rate increases, banks and free market simultaneously adjust (Photo: Tien Tuan).
The domestic exchange rate increased in the context of the USD Index - a measure of the strength of the USD compared to 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) - increasing continuously in recent sessions. Currently, this index fluctuates around 99.4 points. Previously, there was a time when the greenback index exceeded 100 points.
This development comes after the Court of International Trade (CIT) in Manhattan issued a ruling blocking US President Donald Trump's attempt to impose comprehensive import tariffs under the Emergency Economic Powers Act (IEEPA).
Investors are closely watching for signs of a trade deal, especially as President Donald Trump’s July 9 deadline for a decision on tariffs approaches. Whether the US imposes new tariffs will have a direct impact on the outlook for the dollar and global market sentiment.
Long-term U.S. Treasury yields edged down this week but remained at multi-month highs, reflecting market doubts about the ability of countries to maintain fiscal stability amid rising public debt.
Source: https://dantri.com.vn/kinh-doanh/gia-usd-lap-dinh-vuot-moc-26200-dong-tai-nhieu-ngan-hang-20250530235153118.htm
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