On the morning of June 16, the State Bank announced the central exchange rate applied for the day at 24,993 VND/USD, up 18 VND/USD compared to the end of last week. With a margin of +/-5% as prescribed, the ceiling rate of the exchange rate is 26,242 VND/USD while the floor rate is 23,743 VND/USD. The reference exchange rate at the State Bank's transaction office is 23,777-26,173 VND/USD (buy-sell).
Last weekend, when the central exchange rate fell sharply, the selling rates at banks all increased by a large margin. Commercial banks continued to raise their exchange rates in line with the State Bank's (SBV) increase in the central exchange rate, thereby anchoring the selling rate at the ceiling.
At Vietcombank , the USD/VND exchange rate is currently trading at 25,882 VND/USD (buying by transfer) and 26,242 VND/USD (selling), up 19 VND/USD compared to yesterday. Since the beginning of the year, the exchange rate at Vietcombank has increased by 2.7%. Of which, since the beginning of the second quarter of 2025, the exchange rate has increased by more than 1.95%.
According to analysts from FiinRatings, the USD/VND exchange rate has remained high due to the strong domestic demand for USD from businesses and the State Treasury, which has further limited supply. The SBV's flexible adjustment of the central exchange rate, setting new record highs, has allowed the market more room for self-regulation.
Meanwhile, the US dollar fell against many major currencies, keeping the US Dollar Index (DXY) at a three-year low. Despite a slight gain from the end of the week, the DXY index traded at around 98.3 points. Meanwhile, gold prices rose to around $3,440 an ounce, edging closer to a record price set in April 2025. Rising tensions in the Middle East have driven investors to safe-haven assets. Israel and Iran launched attacks over the weekend, raising concerns that the escalating war could spark a broader regional conflict.
Meanwhile, investors are awaiting the US Federal Reserve's policy meeting this week, with the forecast leaning towards the possibility of keeping interest rates unchanged. However, investors' attention will focus mainly on signals about the timing and extent of future interest rate cuts. Recent economic data - especially last week's weaker-than-expected inflation report - has reinforced expectations that the Fed could begin easing policy as early as September 2025. Investors are also waiting for clearer new steps regarding US tariff policy. Previously, President Donald Trump said he would send letters to trading partners in the next week or two to set unilateral tariffs on a series of countries. Meanwhile, US Treasury Secretary Scott Bessent signaled the possibility of extending the 90-day pause on reciprocal tariffs for countries that show “good faith” in ongoing trade negotiations. The 90-day pause on reciprocal tariffs was set to expire on July 9.
Currently, the spot gold price is trading at 3,430 USD/ounce. The gold futures price for August 2024 delivery on the Comex New York floor also inched up to 3,450 USD/ounce.
At Saigon Jewelry Company (SJC), the price of gold bars is listed at VND118.2 million/tael for buying and VND120.2 million/tael for selling. The difference between buying and selling prices is VND2 million per tael. The selling price of gold bars at all companies has returned to the VND120 million/tael mark since last Friday.
Source: https://baodautu.vn/ty-gia-cham-tran-vot-len-26242-vndusd-d305281.html
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