Source: SBV
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The central rate was announced by SBV on the morning of April 19th, 2024 as 24,260 VND/USD, an increase of 29 VND compared to the previous session before the holiday (April 17th). Accordingly, with a fluctuation band of +/-5%, the ceiling rate applied by banks is 25,473 VND/USD and the floor rate is 23,047 VND/USD.
| Central exchange rate from the beginning of the year to present |
Commercial banks continue to increase the buying and selling prices of USD. Specifically, at Vietcombank, the selling price of USD is listed at 25,473 VND/USD, an increase of 33 VND compared to the session on April 17th.
The buying price of USD is also increased by Vietcombank to 25,133 VND/USD for cash purchase and 25,163 VND/USD for telegraphic transfer.
Source: Vietcombank
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Eximbank also listed the selling price of USD increased to 25,472 VND/USD, cash buying price is 25,150 VND/USD and telegraphic transfer buying price is 25,230 VND/USD.
Domestic exchange rates continue to heat up along with the USD-Index. The USD-Index fluctuates around 106 points, up 5% from the level of around 101 points at the beginning of the year.
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USD-Index from the beginning of the year to present
Source: VietstockFinance
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The exchange rate continues to rise in the context of geopolitical issues pushing the prospect of the US Federal Reserve (Fed) cutting interest rates further away.
