The USD price at commercial banks today (February 26) increased, with some banks reaching 24,960 VND in the afternoon, the highest level since the beginning of the year. The central exchange rate increased to 24,000 VND, after nearly 1 month of being below this threshold.
The central exchange rate announced by the State Bank on February 26 was at 24,004 VND, an increase of 8 VND compared to the price listed at the trading session last week (February 23).
Today’s central exchange rate continued to increase from the previous session. On February 23, the central exchange rate increased by 15 VND.
Thus, after 2 sessions, the central exchange rate increased by 23 VND. The central exchange rate today increased to over 24,000 VND, after nearly 1 month below this threshold.
Applying a margin of 5%, commercial banks today are allowed to trade at the ceiling exchange rate of 25,204 VND/USD and the floor exchange rate of 22,804 VND/USD.
The reference buying rate is still kept at 23,400 VND/USD by the State Bank of Vietnam Exchange. The reference selling rate increased by 9 VND compared to the previous session, reaching 25,154 VND/USD.
In the same trend, the USD/VND exchange rate at commercial banks today increased quite strongly, with some banks raising the USD price to 24,960 VND on the selling side, the highest level since the beginning of the year until now.
Specifically, at 10:32 a.m. on February 26, Sacombank listed the USD price at 24,490-24,960 VND/USD (buy – sell), an increase of 67 VND/USD on the buying side and an increase of 72 VND on the selling side compared to on the morning of February 23.
Bank USD prices increased. Photo: Nam Khanh
Vietcombank listed the USD price at 24,480-24,850 VND/USD (buy – sell), an increase of 75 VND/USD in both buying and selling directions compared to the morning of February 23.
At the same time, Vietinbank traded USD at the price of 24,455 VND/USD (buy) and 24,875 VND/USD (sell), an increase of 72 VND/USD in both directions compared to the morning of February 23.
Techcombank bought USD at 24,525 VND/USD and sold it at 24,866 VND/USD. Compared to the morning of February 23, the USD price at Techcombank this afternoon increased by 77 VND/USD on the buying side and 75 VND/USD on the selling side.
In the past 10 days, each bank dollar has increased by nearly 300 VND, reaching the highest level since the beginning of the year. Compared to the beginning of the year, each USD at the bank is about 440 VND higher.
Meanwhile, on the free market, today’s USD price is commonly traded around 25,200-25,300 VND/USD (buy – sell), down 20 VND on the buying side and up 10 VND on the selling side compared to immediately preceding session.
Despite the trend of slowing down, USD prices in the free market are still much higher than those at commercial banks. The buying price of USD in the free market is higher than at banks by more than 700 VND/USD, while the selling price of USD in the free market is about 400 VND higher than at banks.
In the international market, the USD price has been quite stable in recent days as many investors stopped buying due to expectations that the US Federal Reserve (Fed) will start cutting interest rates later than expected. there.
The US Dollar Index (DXY) – measuring the fluctuations of the US dollar against a basket of 6 major currencies – has been moving sideways around the 104 point area since last weekend.
At 12:13 a.m. today (February 26, Vietnam time), the DXY index was at 103.97 points, up 0.03% compared to the previous session.
