After 2 sharp declines, from yesterday to today, the USD price on the free market has turned to increase rapidly.

Foreign exchange points in the free market this morning traded USD at a common price of 25,670-25,750 VND/USD (buy - sell). Compared to the previous session, the free USD price increased by 135 VND in both buying and selling directions.

Yesterday, the USD price on the free market also increased by 25 VND in buying and 15 VND in selling.

Thus, after 2 sessions, the free USD price increased by 160 VND in buying and increased by 150 VND in selling.

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The free USD price has turned to increase sharply. Photo: Hoang Ha.

The central exchange rate on July 19 was announced by the State Bank at 24,246 VND/USD, down 5 VND compared to the previous session. Yesterday, the central exchange rate also decreased by 5 VND.

Applying a 5% margin, commercial banks are allowed to trade today at a ceiling rate of VND25,458/USD and a floor rate of VND23,034/USD.

The reference exchange rate is still traded by the State Bank of Vietnam in the range of 23,400-25,450 VND/USD (buy - sell).

USD buying prices at many banks were adjusted up and down in opposite directions with a common amplitude of 15-60 VND compared to yesterday morning. USD selling prices at banks were all at the ceiling price.

This morning, Vietcombank listed the USD cash buying price at 25,128 VND/USD, selling price at 25,458 VND/USD (buying - selling), down 15 VND in buying price and down 5 VND in selling price compared to yesterday morning (July 18).

Meanwhile, VietinBank buys and sells USD at 25,143-25,458 VND/USD, up 48 VND in buying and 33 VND in selling compared to yesterday morning.

At the private joint stock commercial bank block, Techcombank bought USD cash at 25,119 VND/USD, sold at 25,458 VND/USD, up 39 VND in buying price but down 5 VND in selling price compared to the morning of July 18.

Meanwhile, Sacombank listed the USD price at 25,178-25,458 VND/USD (buy - sell), an increase of 60 VND in the buying price and a decrease of 2 VND in the selling price compared to yesterday morning.

The buying price of USD at banks is about 500 VND lower and the selling price of USD is 292 VND lower than the free market.

In the world market, the USD price today increased again from a 4-month low. The USD price recovered after the market received stronger-than-expected US labor and production data.

The US Dollar Index (measuring the greenback's fluctuations against six major currencies) at 10:33 a.m. on July 19 (Vietnam time) was at 104.25 points, up 0.07% from the previous session.

USD bank prices unexpectedly dropped sharply USD prices at commercial banks today (July 18) dropped sharply in the buying direction, some banks reduced by nearly 100 VND. The central exchange rate also went down. On the contrary, USD prices in the free market recovered.