Last week, the central exchange rate increased by 37 VND.

Specifically, the central exchange rate was adjusted to increase sharply in three mid-week sessions by a total of 78 VND and peaked at 24,964 VND/USD on April 10. However, by the end of the week, the central exchange rate dropped sharply by 41 VND. This was also a sharp decrease after a series of 6 consecutive sessions of the central exchange rate increasing. Overall, the central exchange rate increased by 37 VND last week.

The central exchange rate dropped sharply in the last session of the week after 6 consecutive increases. Photo: ST

At commercial banks, the USD/VND exchange rate decreased by about 40 VND in the selling price, helping to relieve tension, in contrast to the shocking increase of 200 VND after the United States announced a reciprocal tax policy on imported goods.

The exchange rate on the free market last week fluctuated more strongly than that of commercial banks when the selling price still increased by 84 VND, higher than the increase of last week (76 VND), commonly traded at 26,020 VND/USD (buy) - 26,120 VND/USD (sell).

In the international market, the DXY index fell sharply at one point, losing the 100-point mark to 99.19 points. According to calculations by international organizations, the USD has decreased by 4.8% in the past week.

Experts say that although the exchange rate has cooled down, it remains high, reflecting pressure from the international market and domestic concerns. Because, with high reciprocal tariffs, Vietnamese businesses face the risk of a decline in export orders. American consumers react to rising prices by canceling or delaying orders, or even switching to domestic products when the price gap narrows.

From the perspective of the management agency, the State Bank continues to promote the supply of liquidity to the market through the open market operation (OMO) channel. Accordingly, in the mortgage channel, on April 11, there were 18,939.2 billion VND in winning bids, including 8,323.29 billion VND for 7-day term; 9,586.64 billion VND for 14-day term and 1,029.27 billion VND for 35-day term, all at 4% interest rates; meanwhile, there were 9,041.47 billion VND due. The State Bank did not bid for State Bank bills.

In general, last week, in the mortgage channel, there were 74,054.02 billion VND in winning bids, of which 2,481.4 billion VND was for 91-day terms. The volume of mortgage loans maturing was 50,133.77 billion VND. The amount of money injected into the system was 23,920.25 billion VND, higher than the net injection level of the previous week (14,237.55 billion VND).

Source: https://hanoimoi.vn/tuan-qua-ty-gia-trung-tam-tang-37-dong-698717.html