On November 20, the State Bank announced the central exchange rate at 23,954 VND/USD, down 18 VND/USD compared to yesterday. Compared to the historical peak of 24,110 VND/USD set on October 20, today's central exchange rate has decreased by 156 VND/USD.
Applying a 5% margin, commercial banks today are allowed to trade at a ceiling rate of VND25,152/USD and a floor rate of VND22,756/USD.
The State Bank of Vietnam's reference buying rate today is still maintained at 23,440 VND/USD. The reference selling rate decreased by 19 VND compared to last weekend, down to 25,101 VND/USD.
The USD/VND exchange rate at commercial banks today also decreased sharply. Compared to the trading session at the end of last week (November 17), the USD price at banks this afternoon decreased by more than 100 VND. The USD selling price at banks has reached 24,300 VND/USD.
Specifically, at 4:00 p.m. on November 20, Vietcombank listed the USD price at 23,975-24,345 VND/USD (buy - sell), down 115 VND/USD in both buying and selling compared to the morning of November 17.
At the same time, Vietinbank traded USD at 23,934 VND/USD (buy) and 24,354 VND/USD (sell), down 109 VND/USD in both directions compared to the morning of November 17.
Techcombank buys USD at 24,009 VND/USD and sells at 24,348 VND/USD. Compared to the morning of November 17, the USD price at Techcombank this afternoon decreased by 117 VND/USD for buying and 119 VND/USD for selling.
Sacombank listed the USD price at 23,975-24,330 VND/USD (buy - sell), down 115 VND/USD for buying and down 120 VND for selling compared to the morning of November 17.
Meanwhile, in the free market, the USD price is still increasing. Today's free USD price is commonly traded around 24,570-24,650 VND/USD (buy - sell), an increase of 70 VND in the buying direction and an increase of 50 VND in the selling direction compared to the previous session.
Thus, the USD price in the free market is currently much higher than that in commercial banks. The USD buying price in the free market is nearly 600 VND/USD higher than that in commercial banks, while the USD selling price in the free market is currently about 300 VND higher than that in commercial banks.
In the international market, the USD price continued to decline today. The US Dollar Index (DXY) - measuring the fluctuations of the US dollar against a basket of 6 major currencies - at 4:32 p.m. today (November 20, Vietnam time) was at 103.53 points, down 0.37% compared to the previous session.
The international dollar fell sharply last week. The reason for the greenback's decline was that the US inflation rate cooled down, increasing market expectations that the US Federal Reserve (Fed) will stop raising interest rates at its next meeting in December.
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