After a strong increase in the first two days of the week, the exchange rate at domestic commercial banks has stabilized this morning (July 30), although the central exchange rate continues to increase strongly with the heat from the recovery of the USD. Specifically, on the morning of July 30, the State Bank announced the central exchange rate at 25,228 VND/USD, an increase of 22 VND compared to yesterday. Meanwhile, the USD price at commercial banks is almost unchanged. With a margin of 5%, the ceiling exchange rate is currently at 26,489 VND/USD.
Vietcombank and BIDV both listed the exchange rate at 26,040 VND/USD (buy) and 26,400 VND/USD (sell). At VietinBank, the exchange rate was kept at 26,043 VND/USD (buy) and 26,403 VND/USD (sell), after jumping to 26,428 VND/USD yesterday morning.
On the free market, the USD price increased slightly by 10 VND in both directions. Some stores are buying at 26,440 VND, while selling at 26,450 VND.
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| The DXY index is at its highest price since early July 2025. |
This development took place in the context of the DXY index slightly correcting after surpassing the 99-point mark, the highest level since early July 2025. Global investors are still cautious ahead of the press conference of the US Federal Reserve's monetary policy meeting early tomorrow morning (July 31). Although the market expects the Fed to keep interest rates unchanged at this meeting, signals of a possible interest rate cut in September are still being closely watched.
Domestically, the difference in VND and USD interest rates is also a factor that has caused the exchange rate to increase significantly in recent days. According to Yuanta Securities experts, the liquidity of the banking system in the middle of July has shown signs of tension again. Specifically, last week, the State Bank injected nearly VND78,900 billion through the forward purchase channel and temporarily suspended the issuance of treasury bills. By the end of the week, the amount of capital circulating through the forward purchase channel had skyrocketed to VND210,900 billion.
The latest updated data on July 28 from the State Bank also showed that overnight transactions in the interbank market were active with turnover reaching VND557,720 billion, accounting for the majority of total transaction volume. The average interest rate was recorded at 5.85%/year.
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| Interbank interest rates on July 28. |
In contrast to the exchange rate fluctuations, domestic gold prices increased slightly after a sharp decrease at the beginning of the week. At Saigon Jewelry Company (SJC), the price of gold bars this morning was listed at VND120 million/tael (buy) and VND121.5 million/tael (sell), an increase of about VND300,000/tael compared to yesterday. However, this price is still about VND1.2 million/tael lower than the peak recorded last week. Meanwhile, the price of gold rings was quite stable. Plain round gold rings at Bao Tin Minh Chau continued to be listed at VND116.3 million/tael (buy) and VND119.3 million/tael (sell).
In the world market, spot gold prices recovered slightly to $3,320/ounce, although they still fluctuated around the lowest level in three weeks due to the impact of the strong USD and expectations that US interest rates will remain high in the short term.
Source: https://baodautu.vn/ty-gia-diu-lai-du-usd-van-leo-cao-d344493.html
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