At the close of trading today, April 19, the central exchange rate of the Vietnamese Dong against the US dollar announced by the State Bank was 24,260 VND, up 29 VND compared to yesterday. On the interbank market, the USD price has increased to the highest level in the past year, equivalent to 25,373 VND/USD.
On the commercial bank side, Vietcombank listed the USD exchange rate at 25,133 VND/USD (buying in cash), 25,163 VND/USD (buying by transfer) and 25,473 VND/USD (selling), up 33 compared to early this morning.
At Agribank, the USD exchange rate is at 25,170 VND/USD (buying cash), 25,172 VND/USD (buying by transfer) and 25,472 VND/USD (selling), up 32 - 70 VND compared to early this morning.
At BIDV, the USD exchange rate is at 25,168 VND/USD (buy cash), 25,168 VND/USD (buy by transfer) and 25,468 VND/USD (sell), up 28 - 38 VND compared to early this morning.
At Vietinbank, the USD exchange rate is at 25,150 VND/USD (buying cash), 25,150 VND/USD (buying by transfer) and 25,473 VND/USD (selling), up 5 - 33 VND compared to early this morning.
At Techcombank, the USD exchange rate is at 25,259 VND/USD (buy cash), 25,282 VND/USD (buy by transfer) and 25,473 VND/USD (sell), up 7 - 31 VND compared to early this morning.
At HSBC, the USD exchange rate is at 25,355 VND/USD (buy cash), 25,335 VND/USD (buy by transfer) and 25,472 VND/USD (sell), up 31 - 99 VND compared to early this morning.
Data shows that the recent depreciation of VND is still within the average of the regional and global currency basket, and there has not been any phenomenon of overheated USD speculation in the foreign exchange market.
At the press conference to inform about the first quarter banking performance held today (April 19), Mr. Pham Chi Quang - Director of the Monetary Policy Department, State Bank of Vietnam (SBV) - affirmed: "Vietnam does not let the currency float. SBV closely monitors exchange rate movements and reduces pressure. Since the beginning of the year, especially in March, SBV has promptly neutralized the excess interbank money through the issuance of credit notes, reducing pressure on exchange rates."
Also today, the State Bank publicly announced a plan to sell foreign currency to banks at a negative level of 25,450 VND/USD.
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