USD/VND exchange rate to the highest level since the beginning of the year

The central exchange rate has been adjusted continuously by Bank Negara for several days.

On January 22, Bank Negara continued to raise the central exchange rate to 22,879 VND/USD, up 9 VND/USD compared to the previous session. The central exchange rate has continued to rise since last week and is at its highest level since late last year.

In particular, the central exchange rate has increased by a total of 54 VND/USD, equivalent to an increase of 0.23%. In 2018, the central exchange rate also increased by 1.87% compared to the previous year.

It should be noted that although the central rate continues to rise, the price USD in commercial banks has been quite stable since the beginning of the year until now.

The central exchange rate is at its highest level since the beginning of the year. Photo: Linh Anh

As such, Vietcombank is currently trading USD at 23,155 VND/USD bought, 23,245 VND/USD sold, unchanged from the previous day. If calculated from the beginning of the year, the USD price in this bank has even fallen by 10 VND / USD.

Sacombank recorded buying price of USD 23,155 VND/USD, 23,242 VND/USD sold, stable compared to the previous days. The USD selling price for cash was applied to a higher level of 23,257 VND per USD.

A representative from the Department of Monetary Policy, State Bank of Vietnam, said that the central exchange rate is determined based on the movement of the average exchange rate between banks, currency movements of several major trading and investment partners, macroeconomics, monetary. and objectives of monetary policy in each period.

On the move to increase the central exchange rate continuously in recent days by the management body, experts finance, Dr. Can Van Luc said that the increase in the exchange rate was mainly due to the fact that the USD index has increased by more than 1% in recent days. However, USD prices at commercial banks remained stable thanks to good support from seasonal foreign currency supplies.

Currently, banks are strengthening the implementation of incentive and promotional programs to attract remittances to Vietnam during the Lunar New Year, helping to increase the supply of foreign currency.

Leaders of several commercial banks said that the supply of foreign currency increased due to the trade surplus, the disbursement of foreign direct investment capital was high, indirect investment capital was also quite good… so that the USD price was stable.

On the market, the domestic gold price on the morning of January 22 was company Popular list of about 36.36 million dong/tael bought, 36.54 million dong/tael sold, down by about 60,000 dong/tael compared to the previous session.

World gold prices were trading at 1,278 USD/ounce, down slightly from the previous session. Currently, the SJC gold price is around 500,000 VND/tael higher than the world price.