USD price increased sharply, exceeding 24,600 VND/USD

At 2:00 p.m. on September 26, Agribank listed the USD price at 24,230 - 24,580 VND/USD, up 40 VND compared to the previous day. BIDV listed the USD price at 24,290 - 24,590 VND/USD (buy - sell), up 70 VND/USD.
Notably, at Vietcombank, the USD price has exceeded 24,600 VND/USD when it is being traded at 24,240 - 24,610 VND/USD (buy - sell), an increase of 80 VND/USD in both buying and selling compared to yesterday morning. Vietinbank also pushed the USD price up to 24,187 - 24,607 VND/USD (buy - sell), an increase of 82 VND/USD in both directions.

In addition to the Big4 group, USD prices at private banks are also increasing sharply.

Specifically, Techcombank buys and sells USD at 24,261 - 24,603 VND/USD. Compared to yesterday morning, the USD price at Techcombank increased by 73 VND/USD for buying and 58 VND/USD for selling.
Sacombank listed the USD price at 24,243 - 24,598 VND/USD, up 103 VND/USD for buying and up 98 VND for selling.

The central exchange rate between VND and USD announced by the State Bank today (September 26) is 24,084 VND/USD, up 8 VND compared to yesterday. This is the highest price of the central exchange rate ever.
Applying a 5% margin, commercial banks are allowed to trade at a ceiling rate of VND25,288/USD and a floor rate of VND22,880/USD.

The reference buying rate today is still maintained by the State Bank of Vietnam at 23,440 VND/USD. The reference selling rate has been adjusted up 9 VND compared to yesterday, to 25,238 VND/USD.

In the international market, the USD price reached its highest level in nearly 10 months compared to other currencies. At one point, the US Dollar Index (DXY) - measuring the fluctuations of the US dollar compared to 6 major currencies - exceeded the 106 mark after the US Federal Reserve (Fed) announced that it could raise interest rates further and could maintain interest rates at higher levels for a longer period.

This has caused US Treasury yields to rise, while boosting demand for the US dollar.