USD exchange rate increased sharply, many other currencies turned to decrease

On August 19, the central exchange rate announced by the State Bank increased by 10 VND to 25,255 VND/USD.

With the regulated trading band of ±5%, the ceiling exchange rate that banks can list is 26,518 VND/USD, the floor exchange rate is 23,992 VND/USD. The reference exchange rate at the State Bank's Foreign Exchange Reserve Department is 24,033 VND/USD (buy) - 26,457 VND/USD (sell).

The increase in the central exchange rate caused the listed exchange rates at commercial banks to increase sharply, in which, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) listed the exchange rate at 26,120 VND/USD (buying) - 26,480 VND/USD (selling), an increase of 30 VND in both buying and selling.

Exchange rate fluctuations on August 19. Illustrative photo

In the world market, the USD Index measuring the strength of the USD against 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) recovered to 98.01 points.

In the free market, the USD is trading at 26,517 VND/USD (buy) - 26,587 VND/USD (sell), an increase of 33 VND for buying and selling compared to August 18.

According to the State Bank leader, the exchange rate is affected by both economic factors and market psychology. The global growth outlook is weakening, the US tariff policy is changing rapidly, along with unpredictable fluctuations in the international financial market.

In the context of great pressure, the State Bank will continue to closely monitor and flexibly adjust, prioritizing macroeconomic stability and supporting sustainable growth.

Meanwhile, the Euro exchange rate at Vietcombank recorded a downward trend, trading at 29,870 VND/EUR (down 83 VND), buying by transfer was 30,172 VND/EUR (down 84 VND) and selling was 31,445 VND/EUR (down 88 VND).

The British pound is listed at a cash buying price of VND34,593/GBP, a transfer buying price of VND34,943/GBP and a selling price of VND36,062/GBP, down VND96.18, VND97.15 and VND100.32 respectively compared to the previous session.

The Japanese Yen exchange rate also decreased by 0.28 VND in cash buying, down to 171.69 VND/JPY; transfer buying decreased by 0.29 VND, down to 173.42 VND/JPY; selling decreased by 0.29 VND, down to 182.60 VND/JPY.

Source: https://hanoimoi.vn/ty-gia-usd-tang-manh-nhieu-dong-tien-khac-quay-dau-giam-713201.html