The USD/VND exchange rate has cooled down significantly.

On June 26th, the central exchange rate was adjusted downwards by the State Bank of Vietnam (SBV) for the second consecutive day, albeit gradually, decreasing by only 5 VND/USD in total over the past two days, to 25,053 VND/USD.

However, a notable development was observed at commercial banks. Vietcombank sharply reduced the USD/VND exchange rate, especially on the buying side. The USD/VND exchange rate at Vietcombank fell to 25,930 VND/USD (buying) and 26,290 VND/USD (selling) - a decrease of 17 dong compared to the end of yesterday. The buying rate, which at the beginning of the week had briefly reached 26,000 VND/USD, has now decreased by 70 VND/USD.

One of the reasons for the cooling down of the exchange rate is the continued weakening of the US dollar. The DXY index continued to fall sharply to 97 points as expectations of interest rate cuts from the US Federal Reserve (Fed) increased . This is also the lowest level since February 2022.

The latest developments in US politics are also significantly impacting investor expectations, as US President Donald Trump is reportedly considering announcing a successor to Chairman Jerome Powell sooner than expected, creating an impact before Powell's term ends.

At the same time, the continued ceasefire between Iran and Israel, along with positive fiscal prospects from Europe, helped stabilize investor sentiment, causing the USD to continue depreciating against the euro. The EUR/USD exchange rate surpassed the 1.17 USD to 1 dollar mark, approaching a new record high since 2021.

The DXY index fell to its lowest level since February 2022.

Overall, since the beginning of the year, the USD/VND exchange rate at banks has increased by 2.89%. The domestic exchange rate reversed its upward trend and decreased despite the State Bank of Vietnam injecting a net 11,000 billion VND through treasury bill auctions in the open market.

Previously, on June 24th and 25th, open market operations resumed. The State Bank of Vietnam (SBV) sold securities to credit institutions in large quantities. However, on June 26th, the SBV conducted an open market auction to purchase 20,442 billion VND of 7-day treasury bills with an interest rate of 4% per annum, distributed to 11 credit institutions. Along with the sale of 7-day treasury bills, the SBV injected a net amount of over 11,000 billion VND into the banking system.

Key exchange rates at Vietcombank at the end of June 26th.

The US dollar remained low, helping to curb the rise in the exchange rate and contributing to a slight increase in world gold prices. On the international market, spot gold prices remained high around $3,340 per ounce, driven by expectations of loose monetary policy and the influence of a weak US dollar. Gold futures for August 2025 also rose to $3,352 per ounce.

Domestically, the price of SJC gold bars increased twice in one day on June 26th. At Saigon Jewelry Company (SJC), the listed price of gold bars was 118 million VND/ounce (buying price) and 120 million VND/ounce (selling price), an increase of 500,000 VND/ounce compared to yesterday.

Meanwhile, the price of gold rings at many businesses, including Bao Tin Minh Chau, remained unchanged, staying at 115 million VND/ounce for buying and 118 million VND/ounce for selling.

Source: https://baodautu.vn/ty-gia-usdvnd-ha-nhiet-sau-d314796.html