Banks adjust prices, USD increases to the limit

With a 5% amplitude, the current USD exchange rate that commercial banks are allowed to trade is from 24,009 - 26,537 VND/USD, close to the allowed threshold.

Commercial banks today listed the USD selling price at the full range. At Vietcombank in the early afternoon, the buying price was 26,196 VND/USD, the selling price was 26,536 VND/USD, an increase of 6 VND/USD in the selling price due to hitting the ceiling, and the buying price increased by 26 VND.

Meanwhile, Eximbank's selling price is the same as Vietcombank's but the buying price is slightly higher, at 26,200 VND/USD. This is also the buying and selling price atACB .

USD price today increased to the limit, reaching 26,536 VND/USD.

On the black market, the buying and selling price of USD is at 26,510 - 26,580 VND/USD.

Today, the State Bank announced the central exchange rate at 25,273 VND, the same as yesterday. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell USD in the range of 24,009 - 26,536 VND.

Thus, commercial banks have adjusted the USD price to the level allowed by the State Bank today.

Compared to the beginning of the year, each USD traded at the bank is 985 VND higher, equivalent to an increase of more than 3.85%.

From August 25 to 26, the State Bank intervened to sell foreign currency with a term, with a cancellation period of 180 days, at a selling price of VND 26,550 per USD to banks with negative foreign currency status.

However, transactions are only made for credit institutions with negative foreign currency status. The maximum amount of foreign currency sold for each bank in each transaction, to bring the bank's foreign currency status to balance.

For forward transactions of USD 100 million or more, credit institutions are allowed to cancel up to three times. For forward transactions of less than USD 100 million, banks are allowed to cancel up to two times.

Quang Huy

Source: https://vtcnews.vn/ngan-hang-dieu-chinh-gia-usd-tang-het-bien-do-ar962183.html