USD price sets new record.

Some commercial banks are pegging the USD exchange rate at the ceiling allowed by the State Bank of Vietnam, 26,526 VND/USD. Photo: Nam Khanh.

In this morning's trading session (August 20th), the central exchange rate of the Vietnamese Dong against the US Dollar was announced by the State Bank of Vietnam (SBV) at 25,263 VND/USD, an increase of 8 VND compared to the previous trading session. Compared to the beginning of the year, the central exchange rate has increased by nearly 4%.

With a fluctuation margin of +/- 5% relative to the central exchange rate, the floor/ceiling exchange rates that commercial banks are allowed to trade today are 24,000 VND/USD and 26,526 VND/USD respectively.

Following this upward trend, the USD exchange rate at commercial banks has also climbed to its highest level in history. Specifically, Techcombank andOCB are currently selling the US dollar at the maximum rate allowed by the State Bank of Vietnam, 26,526 VND/USD. On the buying side, Techcombank is currently accepting transactions at 26,053 VND/USD and OCB is maintaining a rate of 26,140 VND/USD.

Among state-owned banks, Vietcombank raised its buying and selling rates for the US dollar this morning to 26,110 - 26,500 VND/USD, an increase of 25 VND compared to August 19th. VietinBank is currently listing its rates. foreign currency The exchange rate is currently at 26,139 - 26,499 VND/USD, while BIDV is trading around 26,140 - 26,500 VND/USD, both higher than yesterday's rates.

Several major private banks have also raised their USD selling prices to new record levels. HDBank, for example, is currently listing the rate at 26,050 - 26,500 VND/USD. Compared to the previous trading session, the exchange rate at this bank has increased by 20 VND.

At ACB, SHB, MB, Eximbank, HSBC, Sacombank, and Eximbank, the USD exchange rate increased compared to yesterday, currently hovering around 24,200 - 26,520 VND/USD (buy - sell).

Compared to the beginning of the year, the selling price of USD through commercial banks has increased by nearly 4%.

This morning, the USD exchange rate on the free market also recorded an increase of 30 dong in both buying and selling directions. Currently, exchange points are accepting USD payments. foreign currency In Hanoi, the US dollar is currently being traded at a common rate of 26,510 - 26,580 VND/USD (buy - sell), which is about 50 VND higher than the selling price of USD in banks.

Globally, the USD Index – a measure of the dollar's strength – rose slightly by 0.2 points to 98.41 points, but remains in a low price range for the currency.

Investors are now awaiting the Federal Reserve's Jackson Hole Economic Policy Symposium later this week for further clues about U.S. interest rate policy.

In addition, the Fed will release the minutes of its July 29-30 meeting today (US time), although they may not provide many details because the meeting took place before the weak US jobs report in July.