USD Soars to Startling Heights

During the past week (08-12/04/2024), the price of USD has dramatically increased on the international market when tensions rose in the Middle East. Investors are searching for the safest haven which is considered to be secure assets.

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On the international market, the USD-Index rose by 1.72 points compared to the previous week, surpassing the 106 points threshold.

On the morning of April 14, Iran launched an unprecedented attack using unmanned aerial vehicles (UAVs) and missiles against Israel.

The escalating tensions in the Middle East have led investors to seek refuge in safe havens, resulting in a significant increase in USD prices on the international market.

Source: SBV

Domestically, the central exchange rate between the Vietnamese Dong and the USD increased by 44 points compared to the previous week (April 05), to 24,082 VND/USD on April 12.

The State Bank of Vietnam (SBV) kept the immediate purchase price unchanged at 23,400 VND/USD. Meanwhile, the central bank raised the immediate selling price by 47 VND/USD compared to April 05, to 25,236 VND/USD.

Source: VCB

It is noteworthy that the exchange rate listed at Vietcombank continued to increase sharply by 60 VND/USD in both directions compared to the previous week (March 29), to 24,810 VND/USD (buy) and 25,180 VND/USD (sell).

Khang Di