The bank increased the rate by 30 dong this week.

On the morning of May 12th, the domestic USD exchange rate recorded a week of gains. On the last day of the week, the State Bank of Vietnam announced the central exchange rate between the Vietnamese Dong and the USD at 24,271 VND, an increase of 26 VND compared to the end of the previous week. Banks also raised the USD exchange rate to the regulated ceiling. Specifically, at Vietcombank , the USD exchange rate was 25,184 VND for buying via transfer and 25,484 VND for selling, an increase of 41 VND in the buying rate and 31 VND in the selling rate after a week. Similarly, Eximbank also increased the buying rate by 20 VND to 25,220 VND and the selling rate to 25,484 VND, an increase of 28-30 VND…

Meanwhile, the free market USD exchange rate cooled down mid-week but then rose again to 25,720 VND for buying and 25,800 VND for selling. Compared to the end of last week, the free market USD rate increased by 10-20 VND.

The US dollar exchange rate at commercial banks increased by 30 dong this week.

Other foreign currencies fluctuated in opposite directions. Specifically, Vietcombank offered the euro at 26,739 VND for cash purchases and 28,205 VND for sales, an increase of 120 VND compared to the end of last week. Conversely, Vietcombank bought the Japanese yen at 158.55 VND and sold it at 167.81 VND, a decrease of 2.47 - 2.62 VND after a week…

According to a Bank of America report, the USD/VND exchange rate will reach 25,600 VND by the end of the second quarter of 2024. The report also suggests that the exchange rate will continue to rise in the second half of the year, reaching 25,700 VND by the end of the year. This indicates the continued pressure that the domestic foreign exchange market will face in the coming period. In particular, according to some economic experts, it cannot be ruled out that the US Federal Reserve (Fed) may peg the benchmark interest rate higher than predicted, given the unpredictable nature of inflation in the country.

The US dollar closed the week slightly lower. The USD-Index reached 105.17 points, down 0.2 points from yesterday. However, compared to the end of last week, the index is 0.21 points higher. In recent trading sessions, the greenback has fluctuated but has recovered from previous lows. Currently, many investors and economic experts predict that the Fed may begin cutting interest rates from September...

Source: https://thanhnien.vn/gia-usd-hom-nay-1252024-ngan-hang-tang-them-30-dong-trong-tuan-185240512080105485.htm