Highest bank USD price in history

Today (August 21), the USD exchange rate hit a new peak when it increased dramatically to 26,536 VND in the selling direction.

Today (August 21), the central exchange rate announced by the State Bank is 25,273 VND/USD, up 10 VND compared to yesterday and setting a new peak. This is the fourth consecutive increase of the central exchange rate since the beginning of the week with a total increase of 24 VND. Compared to the end of 2024, the exchange rate has increased by nearly 3.85% after nearly 8 months.

With a margin of 5%, the current USD exchange rate range that commercial banks are allowed to trade is between 24,009 - 26,536 VND/USD.

The reference buying and selling rates were also raised by the State Bank's Exchange to 24,060 - 26,486 VND/USD respectively.

Bank USD price hits historic high.

This morning, banks simultaneously increased the USD selling price to over 26,500 VND. Accordingly, Vietcombank listed the exchange rate at 26,166 - 26,536 VND/USD, an increase of 26 VND for buying and 26 VND for selling compared to yesterday. Compared to the beginning of the year, the exchange rate here has increased by about 3.8%.

VietinBank also made a strong adjustment, raising the buying price to 26,199 VND and the selling price to 26,536 VND. BIDV increased by 36 VND in both directions, to 26,196 - 26,536 VND/USD.

Major banks such as Techcombank,ACB , MB, Eximbank and Sacombank also simultaneously raised the USD selling price to the ceiling of 26,536 VND/USD.

In the free market, the USD price remained at a record high, from 26,520 - 26,600 VND/USD.

The sharp increase in exchange rates in recent weeks has been under pressure from both domestic and foreign factors.

On the one hand, monetary policy is maintained in a loose state to support growth and stimulate domestic consumption.

On the other hand, the USD Dollar Index (DXY) is currently fluctuating around 98.3 points. Risks from the international trade environment remain relatively uncertain, although the reciprocal tariffs imposed by the US on other countries have been announced, which has put some pressure on the demand for USD as a hedge. However, expectations that the US Federal Reserve (Fed) will soon cut interest rates at its next meeting (September 2025) help maintain some confidence in the market.

In a newly published report, MBS Securities forecasts that the USD exchange rate may decrease by the end of the year when the Fed is expected to start cutting interest rates. However, internal factors will still put pressure on the exchange rate to increase, including the USD-VND interest rate gap that will continue even if the Fed cuts interest rates to 4%.

Ngoc Vy

Source: https://vtcnews.vn/gia-usd-ngan-hang-cao-nhat-lich-su-ar960877.html