USD Price⁢ Drops ⁢Sharply in Free Market

The USD price in the free market has decreased sharply, following the weakening of the greenback in the world market. The free USD price has fallen below the threshold of 25,000 VND/USD in the buying direction.

Foreign exchange points on the free⁤ market this morning traded⁤ USD at ‍a common price of 24,990-25,080 VND/USD (buy ‍- sell), down 150 VND for⁢ buying and 160 VND for selling compared to the previous session.

Compared to the peak of 25,950-26,030 ⁢VND/USD (buy – sell) set on June⁤ 27, the free USD price has so far “evaporated” 960 VND in the buying direction and decreased 950 ‍VND in the selling direction.

The difference between buying and selling prices on the free market has been narrowed to ​90 dong.

On the official market, the State ‍Bank this morning listed ⁣the central exchange rate between the Vietnamese Dong and the USD at ‍24,172 VND, down 15 VND compared to the previous session.

Applying a 5% margin, the USD/VND exchange rate that commercial banks are‌ allowed to trade today is‌ within the range of 22,963-25,381 VND/USD.

The State Bank of Vietnam’s Transaction Office still maintains the ‍USD buying reference rate at 23,400 VND/USD, and reduces the USD selling rate by‌ 16 ⁢VND compared to yesterday, ‌to 25,330 VND/USD.

Meanwhile, the USD price at commercial banks has been mixed. At some banks, it has been ⁣recovering after a ⁣sharp drop yesterday, but​ at some banks, it is still on a downward trend.

Surveyed ‌at 11:20 a.m. on September 13, Vietcombank​ listed the USD cash buying ‌price⁢ at 24,360 VND/USD, selling price at 24,730 VND/USD, an increase of 10 VND in both buying and selling prices ‍compared to the⁤ beginning of trading yesterday (September 12).

Similarly, BIDV increased the USD price by 10 VND in both buying and selling directions⁣ compared to the early morning of September 12, trading at 24,400-24,740 VND/USD (buying – selling).

Meanwhile, some other ‍banks slightly reduced the⁢ price of​ the greenback.

At 11:15 a.m., VietinBank listed the ⁢USD‌ price at 24,383-24,723 VND/USD, down 37 VND in both buying and‍ selling compared to​ yesterday’s opening price.

This morning, Techcombank bought USD cash at 24,353 VND/USD and sold at 24,749 VND/USD, down 35 VND in both directions compared to early yesterday morning.

Sacombank listed the⁣ USD price ​at 24,400-24,730 ⁤VND/USD (buy – sell),‍ unchanged at the buying price but down 20 VND at the selling price compared to yesterday’s opening price.

Compared to the ‌free market, the USD buying price at banks is 600 VND lower ‍and the USD selling⁣ price is nearly 400 VND lower.

In the⁣ world market, the greenback weakened before the US Federal Reserve (Fed) decided on interest⁢ rate policy next week.

The US dollar fell as the euro rallied after the European Central Bank (ECB) cut interest rates.

The US Dollar Index (measuring the greenback’s fluctuations against six ​major currencies)‌ at ⁢11:45 ​a.m. on September 13 (Vietnam time) was at 101.01 points, down 0.35% ​from the previous session.