(NLDO) – While the price of gold continues to fall, the price of USD at banks continues to surpass the 25,500 VND mark.
On the morning of November 14, the central exchange rate was listed by the State Bank at 24,290 VND/USD, up 2 USD compared to yesterday. The central exchange rate has started to increase in recent weeks. Since the beginning of October, the central exchange rate has increased by about 197 VND (+0.8%).
The USD price at commercial banks also reached a new peak, surpassing the peak set in April 2024. Accordingly, Vietcombank listed the USD buying price at VND25,184 and the selling price at VND25,504, an increase of VND2 per USD.
This is also the USD transaction price at a series of other banks such as BIDV, Eximbank, Sacombank, ACB. Notably, the selling price of 25,504 VND/USD is the maximum price of 5% allowed by the State Bank.
Since the beginning of October, the USD price at banks has increased by about 2.9%.
This morning's bank USD price was traded at the ceiling of the allowed range.
In the free market, the USD price at foreign exchange points is 25,540 VND/USD to buy and 25,640 VND/USD to sell, about 140 VND higher than the USD price in banks. This is an insignificant difference. Notably, last April, when the USD price in banks increased rapidly, at one point it was about to reach 25,000 VND, the USD price in the free market at that time exceeded 26,000 VND.
Current developments show that the pressure on the free market of exchange rates is not much.
According to analysts, the central exchange rate and bank USD prices have increased rapidly in recent days in the context of the continuous increase in the USD index on the international market (DXY). As of this morning, the DXY index has exceeded 106.4 points.
Previously, at the recent National Assembly's question-and-answer session, the Governor of the State Bank said that since 2016, the State Bank has applied synchronous solutions and consistently operated according to the inflation control target to stabilize the value of VND.
Manage exchange rates based on the central rate, fluctuating daily up and down within an amplitude of 5%, thereby reducing dollarization, limiting foreign currency hoarding, increasing foreign exchange reserves...
In case of large exchange rate fluctuations, the State Bank will promptly intervene and sell foreign currency to promptly meet market demand.
In the gold market, the price of SJC gold bars and 99.99 gold rings both decreased by another 500,000 VND/tael this morning. The current selling price of SJC gold bars is 83.5 million VND/tael, while the price of 99.99 gold rings sold by businesses is only 81.7 million VND/tael.
Source: https://nld.com.vn/dien-bien-la-giua-gia-usd-ngan-hang-va-thi-truong-tu-do-196241114092439472.htm
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