Bank USD price increased to over 24,400 VND, central exchange rate reached historical peak

Today, September 15, the central exchange rate was adjusted up again. The central exchange rate announced by the State Bank today is 24,036 VND/USD, up 23 VND compared to yesterday. This is the highest level of the central exchange rate ever.

The central exchange rate between VND and USD has fluctuated strongly recently. On September 11, the central exchange rate exceeded 24,000 VND for the first time in history. Although it decreased the next day, it continued to increase in the next 3 sessions.

Applying a 5% margin, commercial banks are allowed to trade at today's ceiling rate of VND25,238/USD and the floor rate of VND22,834/USD.

The reference buying rate today is maintained by the State Bank of Vietnam at 23,440 VND/USD. The reference selling rate increased by 24 VND compared to yesterday, to 25,187 VND/USD.

USD prices at commercial banks increase sharply (Photo: Hoang Ha)

In line with the trend, the USD/VND exchange rate at commercial banks today increased sharply. The USD buying price at banks simultaneously exceeded 24,000 VND/USD, the USD selling price exceeded 24,440 VND/USD.

Specifically, at 2:55 p.m. on September 15, Vietcombank listed the USD price at 24,055-24,425 VND/USD (buy - sell), an increase of 105 VND/USD in both buying and selling compared to yesterday morning.

At the same time, Vietinbank traded USD at 24,007 VND/USD (buy) and 24,427 VND/USD (sell), an increase of 95 VND/USD in both directions compared to yesterday morning.

Techcombank buys USD at 24,083 VND/USD and sells at 24,432 VND/USD. Compared to yesterday morning, the USD price at Techcombank this afternoon increased by 69 VND/USD for buying and 62 VND/USD for selling.

Sacombank listed the USD price at 24,052-24,405 VND/USD (buy - sell), an increase of 77 VND/USD for buying and 70 VND/USD for selling compared to yesterday morning.

In the free market, the USD price today (September 15) is commonly traded around 24,180-24,260 VND/USD (buy - sell), an increase of 30 VND in the buying price and an increase of 60 VND in the selling price compared to the previous session.

Thus, the USD selling price at commercial banks is more than 140 VND/USD higher than the USD selling price in the free market.

In the international market, the USD price today tends to slow down after increasing sharply.

The US Dollar Index (DXY) - which measures the fluctuations of the US dollar against a basket of six major currencies - was at 105.21 points at 3:09 p.m. today (September 15, Vietnam time), down 0.18% from the previous session. Previously, at 7:00 a.m. today (Vietnam time), the DXY index was recorded at 105.36 points.

Exchange rates are dancing again, are we worried about the 'whirlwind' returning? The USD/VND exchange rate is dancing after increasing rapidly again recently. The USD continues to increase strongly throughout Asia. In Vietnam, are the exchange rate and inflation issues from now until the end of the year worrisome?

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