USD bank price drops sharply

USD bank price suddenly drops sharply - Photo: QUANG DINH

Bank USD price decreased by more than 200 VND/USD

Vietcombank listed the USD buying price at 25,610 VND/USD and the selling price at 26,000 VND/USD, down 182 VND/USD in both buying and selling compared to yesterday.

BIDV also reduced the USD selling price to below 26,000 VND/USD. This morning, the USD selling price at BIDV was only 25,980 VND/USD, down 202 VND/USD compared to the end of yesterday. The buying price also dropped to 25,620 VND/USD.

Eximbank reduced the selling price of USD to 25,990 VND/USD, equivalent to a decrease of 192 VND/USD.

On the buying side, the USD price listed at Eximbank decreased even more sharply, up to 260 VND/USD, to 25,570 - 25,600 VND/USD (cash - transfer).

Compared to the USD selling price at the beginning of April of about 25,820 VND/USD, the current USD price at commercial banks is only about 160-171 VND/USD higher.

Compared to early January when the USD selling price at banks was around 25,559 VND/USD, the exchange rate has now increased by about 1.73%.

Free USD price also decreased sharply

It is noteworthy that the USD price in banks decreased in the context that today the State Bank continued to increase the central exchange rate by 28 VND, to 24,964 VND/USD, bringing the total increase from the beginning of the week to a total of 78 VND/USD.

With the above central exchange rate, banks are allowed to sell USD at the ceiling price of 26,212 VND/USD and the lowest price of 23,716 VND/USD.

Thus, today the USD selling price at some banks has fallen far below the allowed ceiling.

In the free market, the selling price of USD today also decreased by 114 VND/USD, to 26,156 VND/USD, the buying price increased and decreased to 26,056 VND/USD.

According to analysts, the exchange rate has become less tense after Mr. Trump announced a 125% tax on China and postponed the tax for 90 days with more than 75 "non-retaliatory" countries, including Vietnam.

Previously, when US President Donald Trump announced the "reciprocal" tariff, the exchange rate was under great pressure.

State Bank Governor Nguyen Thi Hong assessed that the complicated and unpredictable exchange rate movements were evident after President Trump announced the tax, with the exchange rate increasing by 0.6% on the first day. Especially when trade partners apply retaliatory tariffs, the financial and monetary markets will certainly be complicated every day and every hour.

"The State Bank will closely monitor market developments to operate tools and solutions with reasonable doses, especially considering harmonizing the exchange rate trade-off with the goal of reducing interest rates," the governor shared the operating direction.

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Source: https://tuoitre.vn/gia-usd-ngan-hang-giam-sau-2025041012005103.htm