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The USD price on the free market today exceeded 26,000 VND/USD (selling), the highest level ever. The free USD price is nearly 700 VND higher in buying compared to the price at banks.
While the USD price at commercial banks is stable, the free USD price increased sharply and set a new peak, surpassing the 26,000 VND/USD mark.
Foreign exchange points on the free market early this morning (June 27) traded USD at a common price of 25,950-26,030 VND/USD (buy - sell) - the highest level ever.
Compared to the previous session, the free USD price increased by 70 VND in both buying and selling directions.
According to analysts, the recent sharp increase in USD prices is due to the influence of the strength of the USD in the international market. In addition, it is also due to the demand for USD to import gold through border trade in the context of domestic gold prices being 3-5 million VND/tael higher than the world price.
Meanwhile, the USD price on the official market tends to cool down.
The State Bank announced the central exchange rate on June 27 at 24,264 VND, up 6 VND compared to the previous session.
Applying a 5% margin, commercial banks are allowed to trade today at a ceiling rate of VND25,477/USD and a floor rate of VND23,050/USD.
The buying and selling exchange rates are still kept by the State Bank of Vietnam within the trading range of 23,400-25,450 VND/USD.
The USD buying price at commercial banks was adjusted up and down in a narrow range. The USD selling price was raised to the ceiling by all banks.
Early this morning, Vietcombank listed the USD cash buying price at 25,227 VND/USD, selling price at 25,477 VND/USD (buying - selling), an increase of 7 VND in both buying and selling compared to yesterday morning (June 26).
This morning, VietinBank bought and sold USD at 25,257-25,477 VND/USD, up 22 VND in buying and up 7 VND in selling compared to yesterday morning.
In the private joint stock commercial banking sector, Techcombank bought USD in cash at 25,241 VND/USD and sold at 25,477 VND/USD, down 5 VND in buying but up 7 VND in selling compared to the morning of June 26.
Sacombank listed the USD price at 25,279-25,477 VND/USD (buy - sell), down 1 VND in the buying price but up 7 VND in the selling price compared to yesterday morning.
The buying price of USD at banks is about 700 VND lower and the selling price of USD is 553 VND lower than the free market.
In the world market, the USD price cooled down today after a strong increase in the previous session.
The US Dollar Index (measuring the greenback's fluctuations against six major currencies) at 10:31 a.m. on June 27 (Vietnam time) was at 105.96 points, down 0.09% from the previous session.
TH (synthesis)