Thus, with a trading band of ±5% compared to the central rate, the ceiling rate applied is 26,305 VND/USD and the floor rate is 23,799 VND/USD. The reference rate at the State Bank of Vietnam is 23,850 VND/USD (buy) - 26,254 VND/USD (sell).
For commercial banks, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) listed the exchange rate at 25,910 - 26,270 VND/USD (buy - sell), down 10 VND compared to the end of last week. At the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ), the USD exchange rate decreased by 30 VND to 25,910 VND/USD (buy) - 26,270 VND/USD (sell).
For Chinese Yuan (CNY), Vietcombank adjusted down 4 VND in both buying and selling prices, listed at 3,581 VND/CNY (buying) - 3,695 VND/CNY (selling); BIDV decreased 7 VND, down to: 3,589 VND/CNY (buying) - 3,687 VND/CNY (selling).
The USD Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 97.25 points. Last week, the USD Index fell nearly 2% at the end of the week, due to the US's tough trade policies and statements, including the push to increase import tariffs on goods from the European Union and strong criticism of the US Federal Reserve's monetary policy. These concerns prompted investors to sell off the USD, putting great pressure on this currency.
Explaining the reason why the domestic USD price is moving in the opposite direction to the USD on the international market, experts said that the high demand for USD comes from increased import and export demand before the US reciprocal tax on Vietnam takes effect. However, in the coming time, the exchange rate may "cool down" according to the DXY index of the USD on the world market.
Source: https://hanoimoi.vn/gia-usd-the-gioi-giam-trong-nuoc-tang-707353.html
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