USD prices at commercial banks today (January 12) were adjusted to increase sharply, with some banks increasing by more than 100 VND. The selling price of USD at the bank exceeded 24,700 VND/USD. Central exchange rates also increased.
The central exchange rate announced by the State Bank today is 23,976 VND, an increase of 28 VND compared to the previous session.
Applying a margin of 5%, commercial banks today are allowed to trade at the ceiling exchange rate of 25,175 VND/USD and the floor exchange rate of 22,777 VND/USD.
Meanwhile, the reference buying exchange rate is still maintained at 23,400 VND/USD by the State Bank of Vietnam Trading Department. The reference selling rate increased by 29 VND compared to yesterday, reaching 25,124 VND/USD.
The USD/VND exchange rate at commercial banks today increased quite strongly, with some banks increasing it by more than 100 VND compared to yesterday morning. There are banks selling USD exceeding 24,700 VND/USD.
Bank USD price increased sharply (Photo: Hoang Ha)
Specifically, at 11:00 a.m. on January 12, Vietcombank listed the USD price at 24,320-24,690 VND/USD (buy – sell), an increase of 110 VND/USD in both buying and selling compared to yesterday morning. .
At the same time, Vietinbank traded USD at the price of 24,270 VND/USD (buy) and 24,690 VND/USD (sell), an increase of 75 VND/USD in both directions compared to the morning of January 11.
Techcombank bought USD at the price of 24,333 VND/USD, and sold it at 24,679 VND/USD. Compared to yesterday morning, the USD price at Techcombank this afternoon increased by 67 VND/USD in both buying and selling directions.
Sacombank listed the USD price at 24,290-24,705 VND/USD (buy – sell), an increase of 60 VND/USD on the buying side and an increase of 55 VND/USD on the selling side compared to the morning of January 11.
On the free market, today’s USD price is commonly traded around 24,750-24,850 VND/USD (buy – sell), unchanged from the previous session.
Thus, the price of USD in the free market is much higher than at commercial banks. The buying price of USD in the free market is higher than at banks by over 400 VND/USD, while the selling price of USD in the free market is about 145-160 VND higher than at banks.
On the international market, USD prices weakened. The US Dollar Index (DXY) – measuring the fluctuations of the US dollar against a basket of 6 major currencies – at 11:38 a.m. today (January 12, Vietnam time) was at 102.26 points, down. 0.03% compared to the previous session.
The USD price decreased after the US announced that the inflation index (CPI) in December 2023 increased more than expected. This makes the market suspect that the US Federal Reserve (Fed) will cut interest rates later.
