.jpg "Kim Thanh reclaims more than 234 hectares of land to build an industrial park")
.jpg "Binh Giang's first quarter budget revenue reached nearly half of the province's annual target.")
.jpg "Early spring tea")
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While the official exchange rate cooled down, the USD price on the free market today increased sharply, reaching a record level of 25,700 VND.
On March 11, foreign exchange points increased the selling price of USD by 150 VND compared to yesterday, to 25,700 VND per USD. The buying price increased by about 30 VND, to 25,500 VND.
The free exchange rate is in contrast to the official market. Today, the State Bank announced the central rate of 23,972 VND, a sharp decrease of 24 VND compared to the end of last week. With a 5% margin compared to the central rate, commercial banks are allowed to buy and sell USD in the range of 22,773 - 25,170 VND.
Exchange rates at banks are also currently trending sideways and cooling down compared to last week. Vietcombank decreased 30 VND in both directions to 24,440 - 24,810 VND. BIDV kept the USD buying and selling price unchanged at 24,500 - 24,810 VND. At Eximbank, the USD buying and selling price also fluctuated between 24,410 - 24,800 VND.
Accordingly, each USD sold by banks is nearly 900 VND lower than the free market, while the buying price is about 1,050 VND lower.
In the international market, the greenback's strength is also declining, amid messages suggesting the possibility of the US Federal Reserve (Fed) cutting interest rates this year. The USD Index, which measures the strength of the greenback, has fallen 1.37% over the past month.
The domestic USD price, especially the free market, has recently "heated up", according to the assessment of Dragon Viet Securities Company (VDSC), which may be related to the movement of gold prices.
.jpg "Hai Duong's agricultural, forestry and fishery value increased by 7.51% in the first quarter.")
