The State Bank of Vietnam has announced today’s central exchange rate between the Vietnamese dong and the US dollar at 24,248 VND/USD, a decrease of 5 dong compared to yesterday.
With a 5% margin, commercial banks are allowed to trade within a range of 25,460 VND/USD for the ceiling and 23,036 VND/USD for the floor.
The reference buying price for USD at the State Bank of Vietnam remains at 23,400 VND/USD. Meanwhile, the selling price has been maintained at 25,450 VND/USD since October 25th.
In the banking channel, there have been mixed movements in USD buying and selling prices today.
USD prices show mixed movements. Photo: Hoang Ha |
The selling price of USD at banks today decreased by 5 dong compared to yesterday’s listing and was all posted at the ceiling of 25,460 VND/USD.
Meanwhile, except for Vietcombank, which adjusted downwards, the buying price of USD at other banks was increased, with a common increase of 10-66 dong.
At the beginning of today’s trading session, Vietcombank listed the buying price of USD in cash at 25,090 VND/USD, a decrease of 5 dong compared to the beginning of yesterday’s trading session (November 4th).
On the other hand, BIDV increased the buying price of USD by 26 dong compared to the previous morning, bringing the rate to 25,151 VND/USD. Similarly, VietinBank also raised its buying price to 25,151 VND/USD, an increase of 36 dong, at the start of today’s session.
In the private banking sector, the buying price of USD has also been adjusted upwards by several banks.
Techcombank increased its buying price of USD by 66 dong compared to the previous morning, reaching 25,162 VND/USD.
Sacombank’s buying price for USD is now at 25,120 VND/USD, a 20 dong increase from the previous morning.Â
ACB has also raised its buying price for USD in cash to 25,120 VND/USD, 30 dong higher than yesterday’s opening.
Eximbank has increased its buying price for USD in cash to 25,090 VND/USD, 10 dong higher than the previous day.
In the free market, USD rates remain stable. Foreign currency exchange points in the free market this morning traded USD at a common rate of 25,780-25,880 VND/USD (buy-sell), unchanged from the previous session.
Hanh Nguyen
The VN-Index Retreats to Near 1,200 Points, Domestic Individuals and Institutions Seize the Opportunity to Snap Up Nearly VND2,000 Billion.
Individual investors bought a net amount of 1,386.7 billion VND, of which 1,112.0 billion VND was net bought in matched orders. Domestic institutional investors also net bought 439.6 billion VND, with 539.7 billion VND net bought in matched orders.
The Greenback Soars to Record Highs in Bank Rates
This afternoon (November 13th), the selling price of USD at all commercial banks surged to 25,502 VND per USD, the highest level in history. The central exchange rate also reached an all-time high.
The Flow of Funds: Has the Market Reached the “Wash-Out” Phase?
The sharp declines in the last two sessions of the past week have significantly dampened market sentiment, with experts also being cautious when referring to the “bottom” of this correction phase.
The Intriguing Shift: Bank-Offered USD Rates vs. the Free Market
While gold prices continue on a downward trajectory, USD rates at banks soar, leaving the 25,500 VND mark far behind.
The Art of the Money Flow: Navigating the Monetary Stream
Last week (November 11–18, 2024), the State Bank of Vietnam (SBV) continued to ramp up its open market operations (OMO) by purchasing long-term bonds. This marks the third consecutive week of net injections by the central bank, providing liquidity support to the banking system.
