At the end of the week (June 13), the State Bank adjusted the central exchange rate up by 8 VND, to 24,990 VND/USD. With a trading band of 5%, the USD exchange rate at commercial banks is 23,726 VND/USD (floor) - 26,224 VND/USD (ceiling).
At the State Bank of Vietnam, the reference exchange rate is 23,791 VND/USD (buy) - 26,189 VND/USD (sell). At the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the closing USD exchange rate is 25,833 VND/USD (buy) - 26,223 VND/USD (sell). The exchange rate at the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) is 25,850 VND/USD (buy) - 26,210 VND/USD (sell).
Thus, in general, last week, the central exchange rate announced by the State Bank had two sessions of price stability, two sessions of price decrease and one session of increase at the end of the week. Although there were not many fluctuations, the exchange rate remained high at 24,975 VND/USD. Compared to the end of last week, the central exchange rate decreased by 17 VND.
The USD selling rate at commercial banks last week fluctuated little. After being stable at 26,220 VND/USD in the first two sessions of the week, the USD price decreased in the middle two sessions of the week, and increased slightly in the last session of the week, to 26,100 VND.
Overall for the week, the USD selling rate of commercial banks decreased by 10 VND compared to the end of last week. In the free market, the USD price also climbed to 26,280 VND/USD (buy) - 26,380 VND/USD (sell), up more than 2.2% compared to the beginning of the year.
In the international market, the USD fell sharply against a number of other major currencies due to the impact of factors such as expectations of the US Federal Reserve (FED) cutting interest rates, geopolitical tensions in many countries, and lower-than-expected inflation data in the United States. Accordingly, the DXY index - an index measuring the strength of the USD against 6 major currencies last week - fell 0.87 points to 98.32 points.
The reason why the USD in the domestic market remains high while the world market decreases is explained by experts as the interest rate difference between VND and USD has not decreased and the demand for foreign currency has increased. The demand for USD by businesses has increased recently, causing the exchange rate to be affected.
In contrast to the USD, the EUR continued to climb to 29,211 VND/EUR (buy) - 30,811 VND/EUR (sell), up 248 VND for buying and 261 VND for selling compared to the end of last week.
At commercial banks, the commonly listed EUR exchange rate is 29,560 VND/EUR (buy) - 30,807 VND/EUR (sell), an increase of 229 VND for buying and 202 VND for selling.
The domestic EUR increased sharply due to the influence of the world market, when the EUR increased to its highest level compared to the USD in nearly 4 years. Specifically, the exchange rate between EUR and USD at one point reached 1.1632 USD/EUR.
Source: https://hanoimoi.vn/ty-gia-van-la-ap-luc-voi-thi-truong-tien-te-705560.html
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