The central exchange rate announced by the State Bank on March 15 was 23,979 VND/USD, up 12 VND compared to yesterday's session.

Applying a 5% margin, commercial banks are allowed to trade at today's ceiling rate of VND25,178/USD and the floor rate of VND22,780/USD.

The selling rate was also increased by 12 VND by the State Bank of Vietnam, bringing the buying and selling range to 23,400-25,127 VND/USD.

The USD/VND exchange rate at many commercial banks was also adjusted to increase. The USD selling price at banks all reached 24,900 VND/USD, surpassing the peak of 24,888 VND/USD recorded on October 25, 2022.

Specifically, at 10:45 a.m. on March 15, Vietcombank listed the USD price at 24,540-24,910 VND/USD (buy - sell), an increase of 60 VND/USD in both buying and selling compared to yesterday morning (March 14). This is the highest listed USD price at Vietcombank ever.

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USD bank price hits new peak. Photo: Hoang Giam

The selling price of USD at many other banks also increased to around 24,900 VND/USD. Some banks even raised the selling price of USD to close to 25,000 VND/USD.

VietinBank this afternoon raised the USD price by 51 VND/USD in both directions compared to yesterday morning, buying at 24,486 VND/USD and selling at 24,906 VND/USD.

Similarly, Techcombank bought USD at 24,565 VND/USD and sold at 24,908 VND/USD, up 55 VND/USD for buying and up 52 VND/USD for selling compared to the morning of March 14.

Meanwhile, Sacombank listed the USD price at 24,530-24,995 VND/USD (buy - sell), up 53 VND/USD in both directions compared to yesterday morning.

Following the same trend, the USD price in the free market today also turned to increase sharply after falling rapidly since March 12.

This morning, the free USD price was commonly traded around 25,480-25,560 VND/USD (buy - sell). Compared to yesterday, the free USD price today increased by 120 VND/USD in both buying and selling directions.

Currently, the buying price of USD on the free market is still higher than at commercial banks by over VND900. The selling price of USD on the free market is VND565-654 higher than at banks.

In the international market, the dollar rose, boosted by data showing that US producer prices rose more than expected last month and fewer people filed for unemployment benefits, suggesting the US Federal Reserve (Fed) may cut interest rates less this year.

The US Dollar Index (DXY) - measuring the greenback's fluctuations against six major currencies - at 11:14 a.m. on March 15 (Vietnam time) was at 103.44 points, up 0.08% compared to the previous session.

Free USD price 'loses heat', continues to plummet Today (March 13), the free USD price continued to plummet. Over two sessions, the free USD price decreased by 180 VND for buying and 150 VND for selling, around 25,320-25,550 VND/USD. Meanwhile, the USD price at banks tends to increase.