Many banks list ceiling USD selling price

The State Bank today listed the central exchange rate at 25,248 VND/USD. 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.

Many banks listed the selling price of USD at the ceiling price. Specifically, the USD price today was updated at commercial banks such as Vietcombank at 26,160 - 26,510 VND/USD.

Sacombank also listed the selling price of USD at the ceiling price: 26,510 VND/USD, buying price 26,200 VND/USD.

Similarly, Agribank is currently buying at 26,200 and selling at 26,510 VND/USD, up 20 VND for buying and 2 VND for selling compared to the most recent update.

Meanwhile, VietinBank announced the central exchange rate this morning at 26,220 - 26,510 VND/USD, an increase of 20 VND for buying and 2 VND for selling.

Many banks listed the ceiling selling price of USD.

Techcombank listed the USD buying/selling prices at 26,120 - 26,510 VND/USD, up 5 VND for buying and unchanged for selling compared to the most recent session.

ACB is listing the USD price at 26,160 - 26,510 VND/USD, unchanged in both directions compared to yesterday morning.

SHB is currently buying USD at 25,060 and selling at 26,500 VND/USD, unchanged in buying price and down 5 VND in selling price compared to yesterday morning.

The selling price of USD on the free market today has increased to 26,976 VND/USD, the buying price is 26,876 VND/USD.

Since the beginning of the year, the USD selling price at banks has increased by nearly 3.8%. In many sessions at the end of August, the State Bank continuously adjusted the central exchange rate upward, causing USD selling at banks to quickly reach the ceiling.

According to Vietcombank Securities (VCBS), the increase in exchange rates since the beginning of the year mainly comes from three reasons: loose monetary policy and low interest rates to support economic growth; risks related to tariffs increasing the demand for foreign currency reserves; along with pressure from the sharp increase in gold prices and the strengthening trend of other currencies.

Meanwhile, MB Securities (MBS) believes that the increase in the USD/VND exchange rate, despite the sharp decline in the USD in the international market, is largely due to internal domestic factors. The exchange rate is under pressure partly because the State Treasury continues to buy USD from commercial banks, limiting the supply of foreign currency.

In addition, the demand for foreign currency from businesses increased in the context of global trade instability. In addition, the sharp decline in interbank VND interest rates has caused the VND-USD interest rate gap to reverse sharply, putting further pressure on the exchange rate.

Ngoc Vy

Source: https://vtcnews.vn/nhieu-ngan-hang-niem-yet-gia-ban-usd-kich-tran-ar963871.html