Central exchange rate cools down, USD bank price loses 24,000 VND mark

The central exchange rate announced by the State Bank today is 23,946 VND/USD, down 5 VND compared to yesterday.

From the beginning of the week until yesterday, the central exchange rate increased continuously. However, today, the central exchange rate reversed and cooled down. Overall, this week, the central exchange rate increased by 109 VND.

Applying a 5% margin, commercial banks are allowed to trade at today's ceiling rate of VND25,143/USD and the floor rate of VND23,748/USD.

The reference buying rate today is maintained by the State Bank of Vietnam at 23,440 VND/USD. The reference selling rate is listed at 25,093 VND/USD, down 5 VND compared to yesterday.

In line with the trend, the USD/VND exchange rate at commercial banks today also decreased rapidly. The USD selling price at banks all lost the mark of 24,000 VND/USD (selling).

USD price loses 24,000 VND mark (Photo: Hoang Ha)

Specifically, at 11:03 a.m. on August 18, Vietcombank listed the USD price at 23,600-23,970 VND/USD (buy - sell), down 150 VND/USD in both buying and selling compared to yesterday morning.

At the same time, Vietinbank traded USD at 23,555 VND/USD (buy) and 23,975 VND/USD (sell), down 163 VND/USD in both directions compared to yesterday morning.

Techcombank buys USD at 23,624 VND/USD and sells at 23,975 VND/USD. Compared to yesterday morning, the USD price at Techcombank this morning decreased by 138 VND/USD for buying and 135 VND/USD for selling.

Sacombank listed the USD price at 23,575-23,950 VND/USD (buy - sell), down 158 VND/USD for buying and down 126 VND/USD for selling compared to yesterday morning.

In the free market, the USD price today (August 18) is commonly traded around 23,950-24,010 VND/USD (buy - sell), an increase of 70 VND/USD in the buying direction and an increase of 10 VND/USD in the selling direction compared to yesterday.

Thus, after many days of being much lower than the USD price at commercial banks, the USD selling price in the free market today has surpassed it.

In the international market, the USD price today tends to slow down after the Federal Reserve (Fed) meeting minutes left open the possibility of more interest rate hikes and data this week showed that the US economy is likely to recover.

At 11:20 a.m. today (August 18, Vietnam time), the US Dollar Index (DXY) - measuring the greenback's fluctuations against six major currencies - was at 103.28 points, down 0.28% from the previous session.

The USD price at commercial banks has increased for the second consecutive session and has exceeded the VND24,000 mark (selling), the highest level since March. The central exchange rate today also increased sharply due to the USD showing signs of increasing in the international market.

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