The central exchange rate today (March 21st) was announced by the State Bank of Vietnam (SBV) at 24,813 VND/USD, a record high after a 6-dong increase from the previous day. With a 5% fluctuation band, commercial banks are allowed to trade USD within a range of 23,572 – 26,054 VND/USD.
The reference exchange rate for USD was also increased by 6 dong in both buying and selling prices by the State Bank, reaching 23,623 – 26,003 VND/USD. This is the first time the SBV has set the selling price above 26,000 VND.
Source: SBV
At commercial banks, the buying price of USD is currently ranging from 25,350 to 25,380 VND, while the selling price is between 25,740 and 25,760 VND. Compared to the end of last week, the USD price at these banks has increased by about 50 VND and is approaching the peak of 25,780 VND recorded earlier this month.
In the free market, the USD has unexpectedly heated up in recent sessions. As of this morning, currency exchange points are offering to sell USD at 25,950 – 25,970 VND and buying at 25,850 – 25,870 VND. Compared to yesterday, the USD price in the free market has increased by about 100 VND on both sides of the transaction.
From the beginning of this week until now, the USD price in the free market has increased by a total of 150-170 VND and is currently approaching the peak of 26,000 VND recorded at the end of June 2024.
Previously, the USD rate increased to 25,900 VND at the end of 2024 and then decreased deeply in January 2025. However, the USD rate has continuously maintained an increasing trend since the Lunar New Year holiday. Overall, from the beginning of the year until now, the free USD rate has increased by 100 VND, equivalent to nearly 0.4%.
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