On the morning of September 6, the US dollar price on the free market exceeded 27,000 VND for the first time.

(NLDO) – Commercial banks listed the USD price at over 26,500 VND while on the free market it is much higher.

This morning, September 6, the central exchange rate was listed by the State Bank at 25,248 VND/USD, stable compared to yesterday.

USD prices at commercial banks such as Vietcombank, BIDV,ACB , Eximbank are traded around 26,190 VND/USD for buying - 26,510 VND/USD for selling, stable over the past few days.

While the USD price at commercial banks is stable, the USD price on the free market fluctuates. This morning, some foreign exchange points in Ho Chi Minh City quoted the USD buying price at 26,910 VND and the selling price at 27,010 VND, an increase of 20 VND/USD compared to yesterday. The USD price surpassed the 27,000 VND mark for the first time - the highest level ever.

Since the beginning of the year, the central exchange rate and USD price at banks have increased by about 3.6% while the exchange rate on the free market has increased by approximately 4.9%.

Free USD price increases as gold price hits peak

The free USD price increased in the context of the USD index (DXY) cooling down in the international market. The DXY index is currently at 97.7 points, down 0.62% compared to the previous session - falling deeply to the lowest level in the past 5 weeks.

Free USD price exceeds 27,000 VND for the first time

According to some experts, the increase in the free USD price is partly due to the impact of the difference in domestic and world gold prices reaching a record level. This morning, SJC gold bars were sold by gold companies at VND135.4 million/tael; gold rings were sold at VND130.2 million/tael, respectively over VND20 million and over VND15 million/tael higher than the world price.

Associate Professor Dr. Nguyen Huu Huan, Ho Chi Minh City University of Economics (UEH), commented that there is a synchronization between gold prices and exchange rates in Vietnam. When gold prices increase rapidly, exchange rates also tend to increase, especially in the free market. And this time is similar, especially when the difference between domestic and international gold prices is at a record level of 15-20 million VND.

Source: https://nld.com.vn/sang-6-9-gia-do-la-my-tren-thi-truong-tu-do-lan-dau-vuot-27000-dong-196250906104038507.htm