Free USD price exceeds 27,000 VND/USD

Giá USD - Ảnh 1. — Free USD price exceeds 27,000 VND/USD - Photo: QUANG DINH

Free USD price has been increasing continuously in recent days

On the afternoon of September 6, the selling price of USD in the free market reached 27,070 VND/USD, an increase of 94 VND/USD compared to yesterday.

The USD buying price in the free market also increased by 94 VND/USD, to 26,970 VND/USD.

Today, the State Bank listed the central exchange rate at 25,248 VND/USD, unchanged from yesterday. With a margin of +/-5%, banks are allowed to list USD buying and selling prices within the range of 23,986 VND/USD - 26,510 VND/USD.

Today, many banks listed the selling price of USD at the ceiling price. Vietcombank listed the selling price of USD at 26,510 VND/USD, buying price at 26,160 - 26,190 VND/USD (cash - transfer).

Sacombank also listed the selling price of USD at the ceiling price: 26,510 VND/USD, buying price 26,290 VND/USD. Compared to yesterday, the buying price of USD at Sacombank increased by 90 VND/USD.

Eximbank sells USD at 26,510 VND/USD, buys at 26,160 VND/USD.

Overall, since the beginning of the year, the USD selling price at banks has increased by nearly 3.8%. In many consecutive sessions at the end of August, the State Bank raised the central exchange rate and then the USD selling price at banks immediately hit the ceiling.

According to analysis, the depreciation of VND since the beginning of the year is mainly due to three reasons: loose monetary policy, as well as a low interest rate environment to support the Government 's growth target.

In addition, the risk of tariffs still exists, increasing the need for foreign currency reserves. The sharp increase in gold prices has indirectly put pressure on the exchange rate. Other currencies have also strengthened, leading to the psychology of holding foreign currencies.

According to MB Securities (MBS), the exchange rate is under pressure partly because the State Treasury continues to buy USD from commercial banks, limiting the supply of foreign currency.

Interest rate - exchange rate trade-off

Previously, State Bank Governor Nguyen Thi Hong admitted that the exchange rate is under considerable pressure due to the dual impact of economic factors and market psychology. Pressures and challenges from both outside and inside the country are affecting monetary policy management in 2025.

Meanwhile, Mr. Pham Chi Quang - Director of the Monetary Policy Department of the State Bank - said that in recent times, the State Bank has implemented management policies to maintain low interest rates and support economic growth. To maintain low interest rates, there must be certain trade-offs, including exchange rates.

The low VND interest rate level in the interbank market has led to a negative interest rate differential between VND and USD, making USD more attractive, leading to conversion to a currency with higher interest rates.

According to experts, with current developments, VND deposit interest rates are under pressure to increase in the short term.

Back to topic

PINK LIGHT

Source: https://tuoitre.vn/gia-usd-tu-do-vuot-27-000-dong-usd-20250906164453799.htm