The USD exchange rate on the free market today (21/2) increased significantly. The free market USD price this morning traded around 25,030-25,130 dong/USD (buying – selling).
Compared to the previous session, the free market USD price increased by 60 dong/USD in both buying and selling directions. The USD price has surpassed the threshold of 25,000 dong/USD in both directions.
Meanwhile, the USD/VND exchange rate at many commercial banks tends to decrease. The buying – selling price of the greenback at most banks was adjusted downward by a common range of 35-40 dong compared to the previous session.
USD price at banks decreased (Photo: Hoang Ha) |
Specifically, at 9:30 AM on February 21, Vietcombank listed the USD rate at 24,290-24,660 dong/USD (buying – selling), a decrease of 40 dong/USD in both buying and selling directions compared to yesterday morning (February 20).
At the same time, VietinBank also reduced the USD rate when buying at 24,258 dong/USD and selling at 24,678 dong/USD (selling), a decrease of 37 dong/USD in both directions compared to yesterday morning.
Techcombank bought USD at a price of 24,328 dong/USD and sold at 24,674 dong/USD, a decrease of 35 dong/USD in both buying and selling directions compared to the morning of February 20.
Sacombank listed the USD rate at 24,300-24,765 dong/USD (buying – selling), a decrease of 35 dong/USD in buying direction and 40 dong/USD in selling direction compared to yesterday morning.
It can be seen that the USD price on the free market is currently much higher than that of commercial banks.
Specifically, the buying price of USD on the free market is higher in commercial banks by over 700 dong/USD. The selling price of USD on the free market is also higher than the selling price of USD at commercial banks by about 400 dong.
The central exchange rate announced by the State Bank of Vietnam on February 21 is 23,993 dong/USD, an increase of 5 dong compared to the listed rate of the previous day.
Applying a range of 5%, commercial banks are allowed to trade with the ceiling exchange rate today at 25,192 dong/USD and the floor exchange rate at 22,793 dong/USD.
The reference buying rate maintained by the State Bank Trading Center is 23,400 dong/USD. The reference selling rate today increased by 5 dong, listed at 25,142 dong/USD.
On the international market, the USD price decreased slightly. The USD weakened as the market did not change its expectations for central bank interest rate cuts this year.
Hanh Nguyen
