Free USD price officially surpasses peak of 26,000 VND

After many consecutive increases, this afternoon (June 27), the exchange rate on the free market officially surpassed the 26,000 VND/USD mark. Specifically, the USD price on the free market is currently listed at 25,950 VND (buy) - 26,030 VND/USD (sell).

This is also the highest price that the free USD has ever achieved. Compared to the beginning of the year, the free USD/VND exchange rate has increased by nearly 5%.

This afternoon (June 27), the USD price on the free market officially surpassed the peak of 26,000 VND (illustrative photo).

On the official market, the central exchange rate announced by the State Bank is 24,264 VND/USD, up 6 VND compared to yesterday's listed rate. With a 5% margin, the current USD exchange rate that commercial banks are allowed to trade is in the range of 23,051 - 25,477 VND/USD.

The intervention USD selling price continues to be listed by the State Bank of Vietnam at 25,450 VND/USD.

Following the increase in the central exchange rate, banks today simultaneously listed the maximum allowed selling price of USD at 25,477 VND/USD. Meanwhile, the buying price of USD at banks is currently fluctuating between 25,210 - 25,280 VND/USD, 200 - 270 VND lower than the selling price.

Since the beginning of the year, USD prices at banks have increased by about 4.3% in selling and 4.9% in buying.

Market research shows that the USD buying price at commercial banks is adjusted up and down in a narrow range. Meanwhile, the USD selling price is raised to the ceiling by banks.

At Vietcombank, the listed USD price increased by 7 VND in both buying and selling compared to yesterday, to 25,227 VND/USD (buy) and 25,477 VND/USD (sell). BIDV also listed the USD selling price at 25,477 VND/USD, but the buying price is 25,257 VND/USD. This morning, VietinBank bought and sold USD at 25,257 - 25,477 VND/USD, an increase of 22 VND in buying and 7 VND in selling compared to yesterday.

In the private joint stock commercial banking sector, Techcombank bought USD at 25,241 VND/USD and sold at 25,477 VND/USD, down 5 VND in the buying direction but up 7 VND.

Since the beginning of the year, the USD price has continuously increased sharply. Since April 19, the State Bank of Vietnam (SBV) has sold foreign currency to support market liquidity to serve the legitimate foreign currency needs of the economy , while stabilizing market sentiment, thereby contributing to stabilizing the macro economy and controlling inflation.

Mr. Pham Chi Quang, Director of the Monetary Policy Department, affirmed: "The above solutions to regulate liquidity and sell foreign currency intervention implemented by the State Bank are similar to the solutions implemented by central banks in the region in recent times."

The representative of the State Bank also said: The depreciation of VND in recent times can be considered average compared to other currencies in the region and the world (as mentioned above). With the current mechanism of operating the central exchange rate and the +/-5% margin, the market exchange rate has enough room for flexible movements.

Thus, some recent information about changes in the State Bank's exchange rate management is inaccurate and inconsistent with the Government's goals of stabilizing the market and the macro economy, creating instability in the market. Therefore, businesses and people need to be cautious about rumors.

An Ha

Source: https://www.congluan.vn/gia-usd-tu-do-chinh-thuc-vuot-dinh-26000-vnd-post301193.html