Central rate increases, free market rate decreases

On July 2, the central exchange rate announced by the State Bank increased by 12 VND compared to July 1, to 25,070 VND/USD.

With the regulated exchange rate band of +-5%, the ceiling exchange rate is 26,323 VND/USD, the floor exchange rate: 23,816 VND/USD.

The reference exchange rate between VND and USD at the Foreign Exchange Management Department is 23,856 VND/USD (buy) - 26,260 VND/USD (sell).

Official exchange rate increased. Illustrative photo

At the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) at 8:30 a.m., the USD was listed at 25,920 VND/USD (buy) - 26,310 VND/USD (sell). Meanwhile, at the same time, at the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ), the listed exchange rate was 25,950 VND/USD (buy) - 26,300 VND/USD (sell).

In contrast to the USD price on the official market, the "black market" exchange rate in the early morning decreased by 68 VND in both buying and selling directions, trading around 26,359 VND/USD - 26,439 VND/USD.

In the US market, the DXY index is currently at 96.66 points, down 0.23%. The US dollar narrowed its losses against major currencies, including the Japanese yen and the Swiss franc on Tuesday, after data showed stronger-than-expected labor market demand and the Federal Reserve (FED) is likely to be in no hurry to cut interest rates.

Source: https://hanoimoi.vn/ty-gia-trung-tam-tang-ty-gia-tren-thi-truong-tu-do-giam-707771.html