USD exchange rate continues to increase

On August 20, the State Bank announced the central exchange rate of 25,263 VND/USD, an increase of 8 VND compared to August 19.

Thus, with a margin of +-5%, the ceiling exchange rate that credit institutions are allowed to trade is 26,526 VND/USD and the floor exchange rate is 23,999 VND/USD.

The reference exchange rate at the State Bank's Foreign Exchange Management Department is 24,050 VND/USD (buy) - 26,476 VND/USD (sell).

Reference exchange rate at the Foreign Exchange Management Department.

At commercial banks, the exchange rate was also traded in an upward direction in the selling direction compared to August 19. Specifically, at the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ), the listed exchange rate was 26,110 VND/USD (buy) - 26,500 VND/USD (sell), down 10 VND in the buying direction but up 20 VND in the selling direction.

At the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ), the exchange rate is 26,140 VND/USD (buy) - 26,500 VND/USD (sell), an increase of 30 VND for buying and an increase of 20 VND for selling.

In the "black market", the USD exchange rate increased by 8 VND in both directions, compared to yesterday's trading session, trading around 26,525 VND/USD (buy) - 26,595 VND/USD (sell).

For the world market, the DXY index stood at 98.28 points. The USD recorded mixed movements in the trading session on Tuesday, as investors turned their attention to the Jackson Hole Economic Policy Conference of the US Federal Reserve (FED) taking place this weekend, looking for more signals on the direction of interest rates in the US.

The US dollar fell 0.22% to 147.54 yen against the Japanese yen. Currency movements have been quiet in recent weeks, following a sharp decline in the US dollar in the first half of the year. Among other currencies, the British pound fell 0.16% to 1.348 USD, while the Australian dollar fell 0.62% to 0.6451 USD, its lowest level since August 5.

Source: https://hanoimoi.vn/ty-gia-usd-tiep-tuc-tang-713308.html