USD/VND exchange rate plummeted despite US Dollar Index reaching 5-year peak

This morning (April 28), the central exchange rate increased by 5 VND compared to the previous session, being listed at 23,140 VND/USD. With a margin of +/-3% being applied, the ceiling rate today is 23,834 VND/USD and the floor rate is 22,446 VND/USD.

Meanwhile, the USD price at commercial banks this morning was simultaneously adjusted down quite strongly.

Specifically, Vietcombank reduced by 20 dong in both buying and selling directions compared to the survey price yesterday morning, listing USD at 22,820 – 23,100 VND/USD. VietinBank decreased by 26 VND to 22,811– 23,091 VND/USD while BIDV decreased by 15 VND in each direction, to 22,825 – 23,105 VND/USD.

ACB is down 20 dong while Eximbank is down 30 dong each way, listing USD at 22,870 – 23,050 VND/USD and 22,860 – 23,040 VND/USD respectively. The exchange rate at Sacombank is 22,835 – 23,092 VND/USD, down 12 VND each way.

Techcombank is still trading USD at 22,816 – 23,094 VND/USD, down 24 VND compared to yesterday morning. Similarly, the USD forward rate at this bank was also adjusted down sharply from 24 -25 dong depending on the term.

Specifically, the 3-day USD forward rate is being listed at 22,817 – 23,102 VND/USD, for the 30-day term, the USD price is at 22,851 – 23,181 VND/USD, at the 90-day term, the exchange rate is at 22,851 – 23,181 VND/USD. 22,918 – 23,339 VND/USD and at the term of 360 days, the USD price is at 23,250 – 24,251 VND/USD.

The USD/VND exchange rate dropped sharply in the context of the world market, the greenback is trading around the highest level since January 2017 with the prospect of the US Federal Reserve (Fed) stepping up policy tightening. currency.

Currently, the US Dollar Index (DXY), which measures the volatility of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) is standing at 103.36 points, up 0.39% compared to the previous session.

Previously, in the April 27 session, the SBV kept listing the central exchange rate at 23,135 VND/USD, the spot buying rate at 22,550 VND/USD and the 3-month selling rate at 23,050 VND/USD. .

On the interbank market, the exchange rate closed at 22,960 VND/USD, down 14 VND compared to April 26. The exchange rate on the free market remained unchanged on the buying side while increasing by 10 dong on the selling side, trading at 23,420 VND/USD and 23,520 VND/USD.

According to Linh Linh